Three out of four economists predict that the U.S. economy will enter a recession by 2021. Some economists are predicting that the next recession could be deeper and more severe than the previous one in light of the fact that business and household debts are at higher levels than they were prior to the Great Recession of 2007-09,
Establishing business credit is an important step for some small business owners. If you want to obtain a business loan or simply separate your personal credit from your business credit, you need to work on establishing and building your score. Some lenders may even require or prefer that you have a business credit score. The
A business credit card can be much more than a convenient way to pay for purchases. These cards can also provide lucrative rewards, superior fraud protection, and smooth out cash flow. According to the Federal Reserve’s 2019 Small Business Credit Survey, 52% of firms with 1 to 499 employees use credit cards on a regular basis.
This spring, small business owners across the U.S. said business was booming, with 59% expecting their revenue to increase over the next 12 months, 67% looking to expand in the year ahead, and 24% planning to hire in that same timeframe, according to our Bank of America Spring 2019 Small Business Owner Report. According to
Growth rarely comes easily. As small businesses expand, they need capital to hire new workers, pursue new projects, and pay off debts. Even companies with good long-term prospects can fold when capital problems create short-term headaches. According to Investopedia, nearly half of small businesses that fail do so because they run out of funding. Owners
Online reviews are my go-to for everything. Whether I’m exploring a new city and searching for a good restaurant, looking for reliable home services, or a new ecommerce store to shop from — I browse online reviews before making a decision. I trust online reviews as much as I trust a recommendation made by a