Small Business Learning Center

Credit Card Processing Fees: The Complete Guide

Accepting credit card payments is an essential step towards improving the overall growth of your business. However, understanding the dynamics of credit card processing fees is complex since everyone involved in the transaction cycle must be considered. That includes customers, issuing banks, acquiring banks, merchants, and payment processors. What’s essential to understand is that you [...]

Improve Personal Credit Score, Impact Business Credit Score

A credit score is a number ranging between 300 and 850 used to depict your creditworthiness. The higher the number, the better your chances of getting a loan. Lenders use your credit score to predict how likely you are to pay back their money on time. The credit score is generated by a credit scoring [...]

The Basics of Term Loans for Business Owners

Business loans come in many forms, ranging from term loans, microloans, and merchant cash advances to SBA loans and business lines of credit. If your business needs to borrow money to fuel its growth, it's a good thing to familiarize yourself with the types of business loans to determine which one is right for you. [...]

SBA Loan Vs. Commercial Loan: The Differences

What is the difference between SBA and commercial loans, and which is better? Well, both are helpful when you don't have the finances to grow your business. However, the two have some differences, with unique selling points in specific situations, as illustrated in this article. SBA Loan An SBA is a government agency that approves [...]

How a Merchant Cash Advance Can Boost Your Business

Merchant Cash Advances! They rank among the most popular financing options for businesses. But what exactly are Merchant Cash Advances? How do they work? And how can a Merchant Cash Advance boost your business? Here is everything you need to know about Merchant Cash Advances (MCAs). What Is a Merchant Cash Advance? A merchant cash [...]

Five Compelling Reasons You Should Open a Business Credit Card

There’s no way around it: Having a business credit card is important. Opening a business card can be a great jump towards improving your business’s financial health and creditworthiness. But that’s not all. Read on to take a closer look at some of the most important advantages of a business credit card for your business. [...]

Amazing Small Business Tax Deductions You Need to Know

All businesses live and die by cash flow. That's why business owners need to embrace strategies that can help them maintain healthy cash flow. One of the simplest ways to achieve the needed savings in your business is to ensure you're claiming all of your tax deductions. Here's a list of tax deductions you may [...]

What Are the Benefits of Having a Business Bank Account for Your Business?

If you run a small business, you may be tempted to use your existing personal bank account to pay your personal and business expenses, but don’t!  Why? For starters, the IRS requires every incorporated business to have a business bank account. Also, there are multiple perks and protections that any business can enjoy after opening [...]

Why You Should Not Manage Your Business with a Personal Account

While mixing business and personal finances may seem like a practical way to manage your business, it can expose you to more financial risk and hinder your business from growing. Here’s why you should not manage your business with a personal account: Troubled Bookkeeping Accounting and bookkeeping help determine a business’ profitability. Thus, any inaccurate [...]

What Are the Best Business Accounts?

Let's start with a fact: You need a business bank account. Having a business account will help separate your personal and business transactions, making it easy for you to stay on top of your bookkeeping and cash flow. It'll also help build your business credit rating and make you look more professional. But given that [...]