The Importance of Setting Up a Business Bank Account
Starting to build a relationship with a bank opens the door to a range of financial services that can benefit your small business, such as business loans, lines of credit, business credit cards, and merchant services. These services can provide crucial support for cash flow management, expansion, and day-to-day operations. Setting up a business bank […]
Considering Debt vs Equity Financing for Your Business?
Navigating the intricate terrain of business financing demands a judicious choice between two fundamental avenues: debt and equity. The decision on which to use can be a difficult decision which to chose to fund your business. This deliberation requires a comprehensive understanding of the intricacies, advantages, and drawbacks that accompany each pathway. DEBT FINANCING Debt […]
Debt vs. Equity
Navigating the intricate terrain of business financing demands a judicious choice between two fundamental avenues: debt and equity. The decision on which to use can be a difficult decision which to chose to fund your business. This deliberation requires a comprehensive understanding of the intricacies, advantages, and drawbacks that accompany each pathway. Debt FINANCING Debt […]
Unlocking Opportunity: The Path to Wealth Creation through Business Acquisition
Purchasing a business can be a path to wealth creation but it is not a guaranteed route. The potential for wealth creation through buying a business depends on several factors, including the success and profitability of the acquired business, the buyer’s ability to manage and grow the business, and various market and economic conditions. However, […]
Cost-cutting Strategies for Small Business Owners
In an uncertain economy, businesses must adapt to survive. One of the most important strategies for streamlining operations is to cut costs. However, reducing expenses is not always easy. If not done without proper consideration, cost-cutting can have long-term effects on the company’s operations and quality of services. Below are seven tips that can help […]
Take Control of Your Personal Credit + How it Impacts Your Business
What is a credit report and why is it important?A credit report is a detailed summary of your personal credit history, including all of your loans, credit cards, and other forms of credit. It also includes information about your payment history and any outstanding debts. Where to Start? Navigating your personal credit can be a […]
Financing your Hemp, Cannabidiol (CBD) or Cannabis Business? Here’s what you need to know.
B:Side is able to accept loan applications from businesses that grow, produce, process, distribute or sell products made from hemp and cannabidiol (CBD). In order to understand if your business is consistent with applicable federal laws*, during the application process you’ll need to provide more details about the following: Where the CBD is derived from […]
How to Navigate Personal Credit
It can be frustrating to be turned down for a loan due to poor personal credit. How does the system work and what can you do about it? There are three major credit bureaus that report and update a person’s credit history: Experian, Equifax and Transunion. While each agency does this differently, according to Experian, […]
No Two Lenders are Alike: Tips to Finding the Right Banking Partner
It can be overwhelming to navigate the maze of small business finance. And whether or not you are ready for a traditional bank loan or end up being eligible for one of our loan programs, it’s important to establish a relationship from the onset. But if you’re not currently working with a lender, how do […]
Steps to Obtain an SBA 7(a) Loan
If you haven’t already done so, please complete this brief eligibility check to see if you’re a potential fit for one of our loan programs. This will allow us to get a better understanding of your financing needs and to assess if you’re potentially eligible. We will then share basic information about your business with […]