Starting Up: Alternative Solutions to Small Business Financing

Each year, 9% of businesses close. Only 8% are opened. 50% of new business owners will fail within their first year. These numbers may seem daunting, but it's still a great idea to start a new business. Without great risks, there can be no great rewards. However, if you're looking to succeed, you need to…

How to Get a Small Business Loan That’s Right for You

64% of small businesses start with less than $10,000. While more cash would no doubt be helpful, many people don't know how to get a small business loan. Funding your small business may seem like a nightmare when you are just getting started. This is especially true if you don't already have a strong track…

What is a DBA – Understanding the Pros and Cons

Running a successful small business requires strategic planning and consideration of the cost-benefit tradeoffs of many decisions. One of these decisions includes your business structure and the name under which you will operate. This article provides a general overview of a naming option known as a DBA, or “Doing Business As,” as well as some…

Top 5 Year End Tax Planning Tips for Small Businesses

It’s the most wonderful time of the year.  But, for small business owners, it can also be an overwhelming time. There are last minute deals to close, year-end bonuses to hand out, and holiday parties to plan. Amidst all of this excitement, it can be easy to lose track of the more mundane administrative tasks…

You’re write skills could need some helping too be gooder!!

Apologies for the painful article title, but I wanted to showcase why the quality of writing in your professional career is so important. Once something is committed to writing, it’s in the world forever. It can be printed and placed in a personnel file, forwarded on to who knows where, and saved. When you hit…

Does anyone talk to each other anymore in financial services? Moving past the numbers

A recent piece published in Wired by finance blogger Felix Salmon noted the recent “rise of the quants” in fields as varied as the US intelligence system, political campaigning, and sports. Salmon describes the rise as the ascendance to power of people whose “native tongue is numbers and algorithms and systems rather than personal relationships or human intuition.” Unsurprisingly,…

Tax Avoidance Strategies vs. Qualifying for Growth Capital

Recently, Dealstruck CEO Ethan Senturia and myself appeared on the It’s Your Money radio program.  Our co-guest for the evening was Sean Puckett, Senior Vice President of Regents Bank. Early in the program, Sean picked up on a theme that Dealstruck has noticed in our conversations with prospective borrowers, particularly during tax season. Throughout his…