There are several types of crowdfunding sites. In this guide, we focus on rewards-based crowdfunding. We looked at a large number of sites and decided to review Kickstarter, Indiegogo, and Patreon. These companies covered the range for small businesses in terms of traffic, fees, flexibility, and campaign tools & support. Read on for our comparison…
Business Templates – Plan & Analyze your Small Business
Owning a small business is a serious undertaking. It’s important that you have a business plan in place and are keeping close track of your finances in order to maintain success. That’s why we have compiled these templates and worksheets from us here at Fit Small Business and our friends over at SCORE to help…
23 Great Resources for Veterans Starting a Business
Many veterans channel the skills and leadership ability they develop in the military into starting a business. There are a wealth of resources available to veteran entrepreneurs. In this article, we provide you with 23 resources related to startup financing, training, and other opportunities for veterans starting a business in 2017. If you are looking…
Q&A with Barbara Corcoran and OnDeck Seal of Approval Contest Winner Geoffrey Deen
OnDeck Capital is a online provider of small business loans and lines of credit. In mid-October, OnDeck launched its second annual OnDeck Seal of Approval Contest. The winners of this contest received $10,000 and a one-on-one consultation from Barbara Corcoran (Founder of The Corcoran Group and Star of Shark Tank). OnDeck invited Fit Small Business…
Top 20 Nonprofit Fundraising Ideas
The holidays are a time for giving, and that’s true whether it’s buying your child a toy or giving to charities. According to the National Center for Charitable Statistics, the holidays are dubbed the “giving season” in the nonprofit world because donations increase at this time of year. Approximately 42.7% of high net worth donors…
Crowdfunding Guide: 5 Steps to Success
An estimated $34 billion in crowdfunding was raised in 2015 globally. But contrary to what some might think, it’s not as simple as putting up a campaign page and letting the dollars roll in. In fact, most campaigns fail. It’s estimated that over 500 new crowdfunding projects are created everyday, and only 2% of campaigns…
Revenue Based Financing: How a Revenue Based Loan Works
Revenue based financing is a loan where repayments are based on a percentage of your business’s revenue rather than a fixed amount. For high margin, high growth businesses like SaaS companies, this can be a great alternative to equity financing. For brick and mortar small businesses, this works more like a merchant cash advance. This…
Best Peer-to-Peer Business Loans: StreetShares vs Funding Circle vs Lending Club
In this article, we’re going to review providers of the best peer-to-peer working capital loans. We’ll lay out the rates, terms, and qualifications of the best peer to peer lenders in one place. When looking for the best P2P business loan, it’s important to know that lenders group businesses into two categories: Established Businesses and Startups. It’s…
How to Write a Business Plan in 9 Easy Steps
It’s tedious and time consuming, but it pays off. Companies who write a business plan are more than twice as likely to improve over the following year compared to companies who don’t, according to Bplans. The good news is you don’t need to spend days writing a business plan. A business plan software like LivePlan will walk…
Trade Finance: Import & Export Financing
U.S. small businesses engaged in international trade are well acquainted with the additional financial risks of exporting or importing goods and services from foreign countries. From fluctuating currencies to the increased pressures of a global supply chain to the difficulty of determining a foreign partner’s creditworthiness. Trade finance offers a way to mitigate some of…
Best Credit Repair Companies – Who Can Fix Your Credit?
Your personal credit score plays a significant role in both your ability to qualify for business loans and the terms that lenders will offer you. Bad credit or thin credit will cost you money and limit your opportunities. A good credit repair service can help you effectively dispute credit reporting errors, resolve old accounts, and…
SBA Community Advantage Loan Program- Everything You Need to Know
This guest article was provided to us by Accion. Accion is a nonprofit that provides microloans to small businesses. You can visit their site here. Your Guide To The SBA Community Advantage Loan Program Starting a business takes money, and finding that money isn’t always easy. Traditional bank financing is a great option if you have a…
