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Cash Flow Determines How Quickly Businesses Recover

By |2020-07-06T07:53:33-05:00July 9th, 2020|Business, Financing|

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

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As States Reopen, Businesses Seek Accessible Financing

By |2020-06-02T13:31:41-05:00June 4th, 2020|Business, Financing|

As some states begin to lift restrictions and businesses reopen, entrepreneurs are looking to make up for lost time after having their operations limited or halted completely. However, to get operations up and running quickly without taking on major debt, businesses need a flexible source of financing. Securing Traditional Loans is Difficult Banks and other traditional lending channels are tightening

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Choosing the Right Business Financing Lender

By |2020-05-04T10:43:11-05:00May 28th, 2020|Business, Financing|

After the first round of Paycheck Protection program (PPP) loan applications were dispersed, businesses across the country were eagerly awaiting approvals so they could access relief financing. But even after those funds ran out, some approved businesses were still left waiting. The reality set in that traditional lenders have long loan processing times. Additionally, traditional banks gained over $10 billion

SBA Relief and Recovery Loans Frequently Asked Questions

By |2020-05-04T10:36:33-05:00May 7th, 2020|Business, Financing|

With the second round of funds allocated for SBA Paycheck Protection Program loans, more businesses will be able to get the financial relief they need to pull through this pandemic. wile the details outlined for Paycheck Protection Program (PPP) loans can be confusing at best, we here at Web Finance Direct have decided to address the key points business owners

Building Capital Reserves for Your Company’s Financial Security

By |2020-03-04T08:19:38-06:00March 26th, 2020|Business, Financing|

Businesses rely on sales to cover overhead and achieve growth. However, nearly one-third of new and small businesses fail due to external factors. In order to thrive and overcome obstacles on the road to success, businesses need to build capital reserves. When revenue is staggered, business owners need to find a solution that creates a financial situation to optimize cash

Financing Your Business without Breaking Your Budget

By |2020-03-04T08:08:07-06:00March 12th, 2020|Business, Financing|

Small businesses of all types need financing at some point. Whether it’s working capital, equipment, growth solutions, or anything else, finding the right financing is essential to success. However, some businesses may not meet the requirements to secure traditional loans, nor do business owners want to take on unnecessary debt and impact their credit ratings for loans that are too

How Businesses Can Avoid Loan Turndowns

By |2020-03-04T08:08:30-06:00March 5th, 2020|Business, Financing|

Approvals for business loans from traditional lending channels hovered around 50% at the end of 2019. Approvals for similar loans from the major banks and credit unions were even lower. Loan turndowns are on the rise, but there are a few things business owners can do to increase their chances of approval, as well as financing options when turndowns occur.

Businesses Are Getting Ready for Spring Sales

By |2020-02-06T08:11:36-06:00February 27th, 2020|Business, Financing|

We may still be in winter, but businesses are gearing up for spring sales. Once the weather starts to warm up, people will be purchasing tools and supplies for home repairs and renovations. Gardening centers will be stocking up on plants, soil, and outdoor fixtures. Pop-up shops looking to draw in customers with food, spring fashion, music, and more will

How Luxury Car Dealers Can Drive Sale and Increase Their Bottom Line

By |2020-02-06T08:09:53-06:00February 20th, 2020|Business, Customer Satisfaction, Financing|

Luxury cars are projected to generate over $10 billion in sales in the United States alone this year. However, luxury cars are not just for the billionaires of the world. People of all income brackets are looking to purchase luxury vehicles, and car dealers are improving their own bottom lines by offering manageable financing programs to their customers. What is

Staffing Agencies: Achieving Better Parity between Invoices and Revenue

By |2020-02-06T08:07:04-06:00February 13th, 2020|Business, Financing|

Every year, staffing agencies employ roughly 17 million temporary and contract workers at roles in private and government sectors. Staffing agencies require capital for marketing, expanding into new industries, sourcing talented specialists, paying employees, and courting larger contracts. Yet with the lag between invoices and payments from clients, finances can experience downward pressure that can throw operations off balance and