Rob Watts

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.

2 weeks 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President Donald Trump has announced, rescinded, raised and adjusted dozens of tariffs over the first months of his presidency, leaving business owners scratching their heads as to when and how they should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.

2 weeks 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.

3 weeks 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?

4 weeks 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.