Rob Watts

London

UK North Sea Correspondent at Upstream

Articles

What are tariffs and how do they impact small businesses?

3 weeks ago | bankrate.com | Marlese Lessing |Rob Watts

Tariffs are taxes on imported goods that are paid by the importer, used by the government to protect domestic industries, generate revenue and provide a negotiation point with foreign countries. Tariffs have the potential to increase prices, shift supply chains and stimulate domestic production and industry. Small businesses can manage tariffs by adapting their supply chains, cutting costs and changing what products and services they offer.
The SBA is changing. Here's what small business owners need to know.

1 month ago | bankrate.com | Thomas Brock |Rob Watts |Marlese Lessing

With the current presidential administration making sweeping changes across the federal government, the Small Business Administration has undergone a wave of new regulations, standards and criteria impacting how small business owners can qualify for SBA loans. Here’s a roundup of the changes to be aware of, and how they can impact your small business.
What is a working capital line of credit and how does it work?

1 month 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.
How small businesses can survive tariffs, according to a supply chain expert

1 month ago | bankrate.com | Marlese Lessing |Rob Watts

President Donald Trump has announced, rescinded, raised and adjusted dozens of tariffs over the first months of his presidency, leaving business owners scratching their heads as to when and how they should brace for impact. As the tariff situation develops, many small business owners are worried about how import taxes will affect their bottom line.
The business owners embracing Trump's tariffs

2 months ago | bankrate.com | Marlese Lessing |Rob Watts

Tariff worries have been looming for small business owners across the United States, with import taxes promising price increases, shortages and supply chain snarls for business owners who rely on global trade for their equipment, inventory and restaurant ingredients.
How To Register A DBA In Michigan

2 months ago | forbes.com | Toni Matthews-El |Rob Watts

There are many reasons to set up a DBA in the state of Michigan. Perhaps you’re an author wanting to operate strictly using your pen name. Alternatively, you have a small business and would prefer using a DBA to registering a second LLC. In any case, getting your DBA is a straightforward process. That said, it might be a little confusing for first-time applicants. Don’t fret: We did the research for you to create this simple guide on filing your DBA in Michigan. What Is a DBA?
How to get a business loan with multiple owners

2 months ago | bankrate.com | Sarah George |Rob Watts

Most business loans require all owners with at least a 20 percent ownership stake to sign for the business loan. If one or more business owners have bad or fair credit, you may have to apply for a bad credit business loan, though you could try applying with your preferred lender. It is standard practice for lenders to require all owners with a certain ownership stake to sign a personal guarantee. You’ve done the work of getting business partners on board to work on and grow a business.
American Express® Business Line of Credit

2 months ago | bankrate.com | TJ Porter |Rob Watts

American Express® Business Line of Credit and Wells Fargo both offer lines of credit to companies with strong credit Choose American Express® Business Line of Credit for fair eligibility requirements Choose Wells Fargo for SBA loans and large loan amounts American Express* and Wells Fargo are two well-known lenders that offer business loans.
Where Can I Get an Unsecured Small Business Loan?

2 months 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.
What Is A Startup Business Loan And How Does It Work?

Feb 25, 2025 | bankrate.com | Lara Vukelich |Rob Watts

Written by Edited by Published on February 25, 2025 | 8 min read Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy.