Rob Watts

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

Ransomware is a kind of cyberattack that locks files and data behind a paywall using malware. Businesses are uniquely vulnerable to ransomware and stand to lose data, revenue and customer trust if they undergo an attack. Focusing on cybersecurity, working with cybersecurity professionals and updating old infrastructure are all crucial to preventing ransomware attacks.

1 month 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.

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.

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President Donald Trump has announced, rescinded, raised and adjusted dozens of tariffs over the first months of his presidency, leaving business owners scratching their heads as to when and how they should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