Vince Calio

New Jersey

Digital Content Writer at Freelance

Digital Content Writer at Kapitus

Veteran financial/healthcare/Econ reporter. The views expressed here are not necessarily the views of @NJBIZ...but they should be!

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Articles

Honoring Black Business Pioneers

2 months ago | kapitus.com | Vince Calio

As this February draws to a close, we would like to celebrant and honoring some of the pioneers of black owned businesses, many of whom paved the way for African Americans to open successful independent businesses of their own throughout the nation’s history.
Business Lessons from Prohibition

Jan 17, 2025 | kapitus.com | Vince Calio

When the infamous Prohibition era began in the US on January 17, 1920, it didn’t just mark the rise of speakeasies and organized crime dealing in the illegal liquor trade, it also marked a time when many small businesses were forced to make massive changes to keep up with the times. While this dry era became well known for producing the likes of Elliot Ness and Al Capone, it also serves as a stark reminder of how quickly small businesses must adapt to changing times.
New SBA Financing Rule in Effect

Nov 19, 2024 | kapitus.com | Vince Calio

The US Small Business Administration has amended its Direct Final Rule to make it easier for small businesses with outstanding SBA loans to refinance to lower interest loans given the Fed’s half-point interest rate cut earlier this year and subsequent quarter point rate cut in November.
What is an Unsecured Business Line of Credit?

Oct 1, 2024 | kapitus.com | Vince Calio

Running a business requires access to capital to manage cash flow, cover unexpected expenses, or facilitate growth and expansion. An unsecured business line of credit is a form of financing that can help businesses operate and grow. A line of credit provides businesses flexible access to funds, allowing them to borrow as needed up to a predetermined limit.
Complete Guide to Restaurant Loans

Sep 29, 2024 | kapitus.com | Vince Calio

Owning a restaurant can be rewarding, but often comes with financial challenges. Restaurants may experience irregular or seasonal revenue, while they must continue to make payroll, maintain equipment, and stock pantries, coolers, and bars. Whether you’re launching a new restaurant concept, expanding an existing restaurant, or just need working capital to keep the bills paid when revenue fluctuates, a restaurant loan could be the answer.
Financing Options for Nonprofits

Sep 27, 2024 | kapitus.com | Vince Calio

As a nonprofit owner, you likely understand that running an organization dedicated to a cause can be incredibly rewarding. However, one of the most significant challenges you may face is finding the necessary financing to sustain and grow your mission. The financing process might seem complicated and fraught with obstacles, but rest assured, there may be more options available to you than you might realize.
Interest Rates Were Cut - Should I Apply for a Business Loan Now?

Sep 20, 2024 | kapitus.com | Vince Calio

Small business owners finally got some good news from the Federal Reserve Bank on Sept. 18, when Fed chairman Jerome Powell announced that the federal funds overnight rate will be lowered by one half of one percent (50 basis points) to 5%, marking the first time that the rate has been cut in more than three years. Small business owners have been suffering through rate hikes nearly every quarter over the past year-and-a-half as part of an effort to try to tame inflation.
Raising Your Prices to Combat Continued Inflation

Jul 18, 2024 | kapitus.com | Vince Calio

Staying profitable at a time when the cost of just about everything continues to rise is one of the most difficult tasks any small business owner can face. As higher prices continue to plague the economy, one of the key challenges for small business owners is increasing their prices to stay profitable without driving away customers.
What is the Difference Between Interest Rate and APR?

Jun 26, 2024 | kapitus.com | Vince Calio

When applying for a loan or any type of business financing, it’s essential for borrowers to understand the components that impact their repayment. Terms like interest rate and APR (annual percentage rate) are often used interchangeably, but they aren’t the same. Knowing the difference can help borrowers make more informed decisions when comparing loan offers. What is an Interest Rate? The interest rate is the cost of borrowing money, expressed as a percentage of the principal loan amount.
How to Build Business Credit in 7 Steps

Jun 25, 2024 | kapitus.com | Vince Calio

For small businesses looking to grow, getting access to the right financing is crucial. Having good business credit makes it easier to qualify for loans and other forms of financing so you can easily access the funds you need to manage emergencies, consolidate debt, pay employees, or invest in new equipment. Building and maintaining strong business credit can take time, but the benefits are well worth the effort.