Category: Uncategorized
What is a Bank Term Loan?
Here at OnDeck, we’ve been sharing a variety of small business financing options, from business credit cards to receivables financing to business equipment leases, and more. This week, we’ll be talking about bank term loans. What is a bank term loan? Bank term loans are issued by a bank and have long-term repayment plans –…
Payroll 101: What Every Business Owner Needs to Know
The least interesting part of every small business owner’s day is balancing the finance books, filling out paperwork and going through the motions of fulfilling the payroll. Yet, it’s also one of the most important parts of running a business. Here is everything you need to know to keep your payroll in order week-by-week: How…
How To Get Certified As A Minority-Owned Business
Business owners know all about certifications. You need them to practice within your industry, to qualify for certain employment opportunities and more. However, some voluntary certifications fly under the radar, taking with them a wealth of opportunity. Case in point: the minority-owned business certification. What qualifies as a minority-owned business? For a business to be…
The 5 Best Compliments To Hear As A Small Business Owner
Small business owners live to see their businesses thrive. Fantastic earnings are one thing, but hearing the compliments of satisfied customers and collaborators brings validation to an entrepreneur; it’s rewarding to know that you’re doing something right – and doing it well. Here are five of the best compliments to hear as a business owner:…
Social Media Best Practices
Social media offers businesses massive opportunities. It’s a low-cost way to promote your business, engage consumers, and maximize your company’s online presence. However, that doesn’t mean that branded social media accounts are either easy to manage or a quick solution for creating new business. For social media to be truly successful with a consumer base,…
Last-Minute Tax Tips
Today’s the day! After putting them off for months, your taxes are finally due. For many small business owners, the i’s are already dotted and the t’s already crossed, but if you haven’t yet submitted your filings for the 2013 tax year, here are a few tips to help you navigate the last few hours.…
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As you may have read over the last week, OpenSSL announced a major weakness to its cryptographic software library: the Heartbleed Bug. At OnDeck, security is a top priority. We took action before the published exposure by turning off the OpenSSL heartbeat function – which is the Heartbleed vulnerability – and applied the safe version…
You know you’re a small business owner when…
Being a small business owner is endlessly rewarding, but it’s also more than a full time job. Having your own business is a way of life. As part of this week’s Friday Fun, here are seven signs you’re a small business owner: You’ve forgotten what the word “vacation” means. Every year, your friends with “9…
Top 5 Business Software Programs
Nowadays, most offices have gone digital, which means that — no matter the prowess of your employees — you’re going to need some digital tools to keep your business running in top shape. With so many different software programs on the market, it’s hard to know where to start. That’s why we’ve curated this list…
Paying Yourself? What Every Business Owner Needs to Know at Tax Time
Paying yourself as a small business owner can be tricky, but this important task deserves careful consideration. As an integral part of applying for small business loans and filing your taxes, you need to make sure that you’re getting compensated fairly and within industry standards. Here are a few ways to determine your salary: Start-Up…
The Paperwork Bible: Important Documents and Files for SMB’s
Tax deadlines are fast approaching, and all small business owners know what that means: paperwork. Make the rush toward April 15th easier on yourself by keeping your documents organized throughout the entire year and thus ready to produce on short order. Here are some suggested file dividers: Accounting Documents File your balance sheets, payroll information,…
3 Business Jokes for Your Friday
Almost done with the work week? Here are a few jokes to get you through those last remaining hours. JOB APPLICANTS: Murphy and Jill applied for the same engineering position at a New York firm. Both applicants, having the same qualifications, were asked by the manager to take a test. Upon completion of the test…
What Is Peer-to-Peer Lending?
There are numerous ways that small business owners can get financing for their business, and peer-to-peer lending is one option. What is peer-to-peer lending? Peer-to-peer lending is one way to obtain small business financing. It refers to businesses that turn to other consumers and organizations – as opposed to verified lenders – in order to…
Totally Crazy Tax Rebates
You may think the tax deductions below are April Fools’ Day jokes, but they all somehow made their way to the Internal Revenue Service – and all of them were approved! 1. Pet Food According to Fox Business, the IRS allowed one family to deduct the cost of cat food from their tax payments. The…
What is a business equipment lease?
Every week, we seek to arm small businesses owners with the right tools to make informative financing decisions. In previous posts, we’ve covered merchant cash advances, business lines of credit and SBA loans. Today, we are going to explore business equipment leases – a form of financing 80% of businesses use to lease equipment, according…