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Finding access to capital gives party accessory supplier reason to celebrate

Alfredo Zendejas co-owns Accesorios Zendejas along with his wife, Leticia Sanchez, in Los Angeles, California. A true mom-and-pop enterprise, Alfredo and Leticia work together to design, create and deliver custom decorative pieces for quinceñeras, baptisms, weddings and other special occasions.

Common workplace-based retirement plans

Although retirement planning may not always be a high priority for busy small business owners, there are plenty of options available to help you start saving for the future. Read on for an overview of common workplace-based plans.

While this isn’t an exhaustive list, it should help you begin to understand the differences among them. We recommend consulting a financial advisor for assistance in selecting a plan based on your business size, capacity, and resources.

New partnership will help small businesses prepare against growing cybersecurity threats

Technology has transformed the way small companies do business, allowing them to find new clients and sell their goods and services all with the click of a button. However, the rise of new technology can lead to severe security issues, and unfortunately many small businesses are unaware of measures they can take to help ensure the security of their and their customers’ information.

Understanding your retirement options: Group trust vs. IRA-based plans

Are you confused or overwhelmed by retirement options for your business? Don’t worry—you’re not alone. In fact, about 30% of small business owners report they’re unaware of their retirement options. To help you grasp the ABCs of retirement, we’ll provide a broad overview of basic retirement paths to help you gain a better understanding of basic options to consider for you and your employees.

Consider these key questions before applying for a small business loan

Are you considering taking out a loan for your small business? Financing your business is a serious undertaking, and it’s important to make well-informed decisions about your need for capital at the onset. Below, we’ll review some key steps to take and questions to ask when seeking funding.

Know your rights as a small business borrower

The way small businesses borrow money is being completely transformed by the rise in online lending. Innovators are providing faster and easier ways to borrow and increasing access to credit in communities that have historically been underserved. But this transformation will only achieve its potential if it is built on transparency, fairness, and putting the rights of borrowers at the center of the lending process. 

Preparing for a Small Business Loan: A Checklist

A small business loan can be a powerful tool for growing your business, or just meeting day to day expenses. Deciding that you need a loan may be easy but the real challenge is making sure you're ready to apply for financing.

Before approaching a lender, it pays to make sure you're putting your best foot forward. This checklist serves as a handy guide for getting your business prepped for a loan.

Know Your Debt Service Coverage Ratio

Are you a small business owner ready to seek outside funding? You might think that finding a lender is the initial step. However, there’s an important financial ratio you should understand first. The debt-service coverage ratio (DSCR)helps determine whether or not your business can take on a loan and the size of small business loan you can handle. Additionally, lenders frequently use DSCR as a way to evaluate whether they should lend money to a business. Having a good debt service coverage ratio can be critical to getting low-cost funds for your business.

Does Your Small Business Need a Loan?

There are certain elements that you need to run a successful small business. A solid business plan and determination can take you far, but if you really want to grow, you'll need capital to fund your expansion plans.

If you don't want to drain your cash reserves, a loan may be just what you need to pursue your next phase of growth. Before you can advance your business using a loan, however, you have to be sure that it's the right move.

What can a small business use a loan for?

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