When considering the affordability of a business loan, borrowers often focus heavily on interest rate. While your rate impacts your payments, another factor has a more immediate and significant impact—and it’s often overlooked: the term. Your loan term, or the amount of time you have to pay your loan back, directly impacts how much of your loan you repay each month. Here’s what you need to know
When you need financing, it’s important to find a lender you can trust. This is especially true during challenging times, when a working capital loan can provide you financial peace of mind. Lenders who prioritize…
For many healthcare providers, adapting to serve patients during the coronavirus pandemic meant temporary fixes and workarounds. However, there are some new systems that, if…
Across the industry, dentists are more entrepreneurial than nearly any other medical professional. In fact, about 77% of dentists own their own practice.1 However, that number has declined rapidly…
Nurses are more likely than ever to pursue entrepreneurial opportunities outside of their primary role.1 With a unique work schedule usually set around three 12-hour working days and four “off” days per week, nurses are especially equipped to pursue a side business. Aside from earning additional income, a side business can help nurses achieve other goals, both professionally and personally. Here’s how: Benefits of Establishing a
For many attorneys, a successful career in law often means following a path towards partnership or starting one’s own practice. However, your specialized skillset makes you uniquely qualified to take advantage of another route to success: a side business. Because legal expertise is integral across all industries, your knowledge makes you a highly sought-after resource, and strongly positions you to pursue an entrepreneurial venture. Here’s what you need to know about taking advantage of
For medical practices across the country, the coronavirus crisis put an abrupt stop to “patient care as usual.” But among the significant challenges and uncertainty created, there are also new opportunities for practice owners to make meaningful improvements that impact day-to-day operations as well as long-term profitability. Here are a few to consider: 1. Remodel or update
For many CPAs, a successful career in accounting follows a structured growth path toward either partnership or starting your own firm. However, as a CPA, your specialized skillset also makes you uniquely qualified to take advantage of another route to success: a side business. Because accounting is integral to business operations in every industry, your expertise makes you a highly sought-after resource, and strongly positions you to pursue an entrepreneurial
Your credit score is an indicator of your financial power. It’s used by lenders and creditors of all kinds to determine your creditworthiness, likelihood to repay debts, and overall money management skills. Having a strong score is especially advantageous during times of economic uncertainty, when you may need fast access to capital to cover unforeseen expenses or supplement cash flow if revenue generation is
When it comes to exploring their entrepreneurial aspirations, many physicians follow a structured path toward practice ownership, either through climbing the ranks as an associate or purchasing a practice outright. But for the 53% of physicians who aren’t pursuing their own practice,1 there has never been a more opportune time to take professional and financial control, with a side business. Here’s how: Benefits of Establishing a Side Business
When it comes to taking a business loan, many people focus primarily on their interest rate. In reality, the “term”, or amount of time you have to pay back your total financed amount, is what can really have a profound impact on the month-to-month affordability of your loan. Spreading your loan repayment out over a longer period has many immediate advantages as well as benefits that you’ll feel over time. Here are
Taking out a loan is a major financial decision. Finding the right partner–as well as the right loan–is critical for ensuring that you’re getting everything you need out of a financial solution. Especially when considering a loan for your business, there are several important questions that you should ask when vetting a potential lender. Read on to see
Taking out a loan in order to save for the future might seem counterintuitive. However, this strategy could be highly beneficial for you, whether you’re focused on strengthening your personal financial standing or ensuring the success of your business or career.
The Paycheck Protection Program (PPP) was designed to support small business owners through the economic shutdown caused by the coronavirus pandemic, specifically to help with payroll and related costs like healthcare and other benefits. If employers use all PPP funds within a certain timeframe, for approved purposes, the loan could potentially be forgiven in its entirety.