Tehachapi's Online Community News & Entertainment Guide
Tehachapi's Online Community News & Entertainment Guide
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If you're presented with an opportunity for your small business, but don't have the cash on hand, you're likely wondering if it's a good idea to get a loan. However, you may be hesitant because the process seems daunting or you're unsure if it makes sense financially. You might be surprised that taking on some debt can actually be the best choice for your business, allowing you to operate more profitably. Reason 1: To expand your business Whether you're moving to a larger office, opening a new...
Credit Unions (CUs) are important for businesses because they generally offer access to lower rates on financing when it comes to major purchases, such as buying equipment or expanding operations. CUs also often have better terms than traditional banks and other financial institutions, allowing businesses to save money in the long run. Additionally, many CUs offer specialized services, such as business financial education. Financial education programs are designed to help business owners...
As a business owner, do you mix personal transactions and business transactions? It is a common issue. One survey found that more than one-quarter of small businesses say they co-mingle finances. And it is easy to see why given the wide range of priorities a small business owner oversees every day, using a bank account that is already set up often seems like the easiest and most logical choice. But, while it might seem simpler to only manage one account, that is not actually the case. Here are...
