Emma Woodward

1 week ago | bankrate.com | Emma Woodward |JBD Clothiers |Rob Watts

You can use a working capital line of credit to cover everyday business expenses, such as payroll or inventory. A line of credit allows you to use money up to your limit as needed, and it only occurs interest if you have a balance. Businesses that have guaranteed cyclical cash flow can take advantage of a working capital line of credit in slow seasons, but if you don’t know when cash flow will increase, they may not be the right option for your business.

1 month ago | bankrate.com | Emma Woodward |JBD Clothiers |Rob Watts

Taking out an unsecured business loan gives business owners financing without securing the loan with collateral. These loans can be especially appealing to business owners who don’t have assets. Since these loans don’t require collateral, the eligibility requirements for some types are often more strict than other business loans, and interest rates can be higher, especially if you have bad credit.

1 month ago | bankrate.com | Emma Woodward |JBD Clothiers |Pippin Wilbers

Your Federal Student Aid ID (FSA ID) allows you to access federal financial aid via the U.S. Department of Education’s online system. You can only have one FSA ID, which you can create by visiting the Federal Student Aid website. The FSA ID is linked to your Social Security number (SSN) and is considered a valid legal signature. A Federal Student Aid ID (FSA ID) is the credential students and parents can use to access the U.S. Department of Education’s online system.

2 months ago | bankrate.com | Emma Woodward |JBD Clothiers |Rob Watts

Equity financing involves selling company shares in exchange for investor funding Debt financing means borrowing money from a lender that you pay back over time Both equity and debt financing have pros and cons The best option depends on the specific needs of your business Finding money to fund your business needs can be tricky, especially if you are a brand-new business.

2 months ago | bankrate.com | Emma Woodward |JBD Clothiers |Rob Watts

Prioritizing loan payments in your business budget will help avoid delinquency or default Adjusting your plan based on actual revenue and expenses can help with managing your loan throughout the repayment term Making extra payments can help repay the loan early, but beware of prepayment penalties You did the work to take your business to the next level and applied for a business loan. Then you got approved. So, now what?