Category: Business Financing
Financial Metrics Every Small Business Owner Needs to Know
Financial Metrics You Should Know to Run Your Small Business Understanding your business’ financial metrics, and what those numbers are telling you, is critical to running a successful business, knowing whether or not your business is profitable, or waking up one day to find out you’re on the slow march to insolvency and going out of business.…
5 Tips to Improve Your OnDeck Renewal Experience
5 Tips to Improve Your OnDeck Renewal Experience If you have an OnDeck Term Loan and think you may need more funds down the road, you may be asking: “What can I do now to maximize my renewal opportunities with OnDeck?” We understand that small businesses face ongoing financing needs, whether it’s to fuel growth with a…
Actionable Tips to Managing Your Resources Wisely
Managing Your Business Resources Managing resources is a challenge for many small business owners, but if you’re at all like I was, I believed I had a better handle on things that I did in reality. That’s not to say I was a disaster, but rather, hindsight being what it is, I can see lots…
Managing Your Busy Season
Managing Your Busy Season Well Can Set Up Your Slow Season for Success Summer is the time when people get up, go outside, travel, and walk along main street. So it’s not too surprising that many small businesses see a surge in traffic during the summer months. Many small businesses experience seasonality and it makes sense to…
Small Business Success: Vortic Watch Company
Tips for Making Smart Inventory & Equipment Purchases: An Interview with RT Custer, Co-Founder of Vortic Watch Company Let me introduce you to the owner and co-founder of Vortic Watch Company, RT Custer. Vortic Watch Company is a high-end wristwatch engineering and manufacturing company based in Fort Collins, Colorado. RT and his partner, Tyler Wolfe, started…
13 Articles That Will Improve Your Financial Literacy
April is Financial Literacy Month, (woot!) and I’m excited for the opportunity to help boost your business financial acumen, so keep a lookout on our blog all month long for specific articles on financial literacy. To kick off Financial Literacy Month, I want to take a look back at our blog’s most worthwhile financial articles you may have missed.…
Your Ultimate Guide to Small Business Financing
Your decision to borrow funds for your business and which lender to work with is important. There are many factors to consider to make the right financing choice for your business. There are a lot of different types of financing to explore. You’ll need to weigh the application process, rates, fees, and requirements for each lender you consider.…
5 Must Ask Questions Before You Apply for a Business Loan
There are a lot of decisions to make when you’re considering applying for a business loan. It can get confusing, overwhelming, and if you’re not careful, harmful to your personal credit. So, before you submit any applications with potential small business lenders, I want to share with you these 5 essential questions to ask yourself and/or any lender before you even…
OnDeck’s Top 10 FAQs: Answered
We want to make getting business financing from OnDeck as easy as possible. And we often get asked the same questions by small business owners looking to take financing for their business. So, we want to share the top 10 questions we get asked and answer them for you. 1. What products do you offer?…
Taking a business loan? Make sure you know the answer to this question
Does your lender report to the credit bureaus? Many small business owners don’t realize there can be major differences between online lenders – even when the rates look exactly the same. So, you have a loan offer from two lenders. The offers are fairly similar in the amount they’re willing to loan and their rates.…
Applying with OnDeck? What You Need to Know
Traditionally, applying for business financing can be difficult for small business owners. It takes time you don’t have and loads of paperwork you struggle to find. It leaves you thinking that there must be a better way. Well, you’ve come to the right place! At OnDeck, we made the application experience as stress-free and as painless…
Podcast Interview: Use Small Business Credit to Fuel Your Growth
Obtaining a small-business loan or establishing a credit line is not always easy these days. In the podcast series – “Been There, Done That, with Dennis Zink” – Dennis interviewed Ty Kiisel, Small Business Educator, at OnDeck. This interview discusses some challenges that an owner might confront when trying to use debt financing as an…
14 Questions You Should Ask Before You Get a Small Business Loan
Small businesses have more financing options today than ever before, yet navigating the maze of loan types and lenders can make it challenging to choose the right loan and the right lender for your business. The days when the bank was the one-stop-shop for small business loans are over. Meaning, business owners need to be…
Should I Use a Personal Loan for My Business?
There are times when many business owners might be tempted to use a personal loan to pay for business expenses. For example, when a business is still in the idea stage, or otherwise very young (under a year old), it can be difficult to access financing via a traditional small business loan, which is why…
Cook, Serve, Grow: Financing Growth for a Foodservice Business
Is your restaurant, catering or grocery business thriving in the New Year? Are you considering plans for growth? The costs associated with growth can be expensive. And, accessing capital to fuel growth is a challenge for many small business owners. Fortunately, if you need to buy equipment, increase your staff, or expand your location, there…