As more people are getting vaccinated, businesses are preparing to open up for customers once again. The lack of sales driven by foot-traffic over the past year really impacted a number of businesses. However, with the economy turning around and people eager to get out and make purchases, businesses need to prepare for a potential surge in sales. Business Preparations
Equipment is essential to every business. Whether you run a startup with a small team and a few laptops, a medical practice with highly specialized machines, a construction company with large earthmovers, or any other type of business, equipment is the key to efficiency and productivity. While many businesses try to purchase equipment to add equity and assets to their
Businesses are turning away from traditional lenders to get the working capital they need. As banks tighten their credit and collateral qualifications for borrowers, business owners are using MCAs for their working capital needs. 1. MCAs are very accessible Merchant cash advances (MCAs) do not require in-depth credit checks or arbitrary loan board decisions. MCAs can be arranged quickly so
2020 was an interesting year for commercial real estate investors. The COVID-19 pandemic brought growth to industrial and storage submarkets while multifamily and retail experienced contraction. Now, as we kick off 2021, here are some trends that property investors should be paying attention to in the upcoming months. Clinics and Labs Need Workspace With the announcement of new COVID vaccines
As banks and lenders tighten credit and collateral requirements, traditional loans are moving further out of reach for small businesses. Yet while businesses are moving to the digital space, the need for working capital is very real. Instead of seeking out traditional loans, businesses are leveraging the items they own to create working capital through asset-based financing. What is Asset-Based
Between the pandemic and the uncertainty of property markets in the near future, commercial real estate investors are having issues securing financing through traditional lending channels. Lenders are tightening their credit requirements con commercial real estate loans, placing more risk on property deals than they were a year ago. As a response to these changes in the traditional lending market,
While much of 2020 has been disruptive for businesses, consumer demand remains strong. Year-over-year, e-commerce has been gaining ground, and with the COVID-19 pandemic, businesses should expect online sales to be higher than ever in the fourth quarter. While fewer people will be hitting brick-and-mortar stores during the holiday season, businesses should be preparing for high-volume online sales in the
The window for Paycheck Protection Program (PPP) loans closed last month, but businesses still need funding. Many business owners are still applying for other loans through their banks, yet economic conditions and tightening credit requirements can result in loan turndowns. So with everything that is going on with the economy and the COVID-19 pandemic, how can banks preserve their relationships
In an uncertain economy, property flippers need to be agile. The real estate market is not monolithic, and one city might be witnessing an influx of eager homebuyers while one town over is experiencing a drought. Being able to spot market trends in your area can give property flippers an edge on how to adjust their strategies to maximize their
As more businesses reopen in cities across the United States, cash flow is becoming the prime concern. Cash flow determines how quickly businesses will recover over the next few months and position themselves for long-term success. What Cash Flow Means to Businesses Cash flow allows businesses to make payroll and cover overhead. Cash flow allows businesses to restock inventory, purchase
