Small Business Administration (SBA) 7(a) loans are the most common type of loan offered by the SBA. These are government-backed loans issued through participating lenders designated by the SBA. Loan proceeds can be used for various business purposes, including purchasing equipment, inventory, real estate, and other working capital needs. You can choose from different types…
Ultimate Guide
Why Is Business Insurance Expensive & Still Going Up?
Here’s the scenario: You receive your small business insurance renewal notice, and your premium has increased significantly. You haven’t filed a claim in years or changed your coverage. You may wonder why business insurance is so expensive and why business insurance rates are going up. Business insurance premiums have been rising month over month for…
Bakery Insurance: Coverage, Cost & Requirements
Bakery insurance is a simple combination of policies for your bakery that, when combined, provide all of the coverage you need against claims. Claims can come in all types of forms. Whether it is an allegation of food poisoning or a power outage damaging your oven, insurance for a bakery business is an important part…
Arizona Business Insurance Guide
Arizona is home to five different climate zones, two time zones, the Navajo Nation, the Grand Canyon, and a healthy economy driven by small businesses. Small businesses are a key part of employment, taxes, and production in Arizona. Small business insurance in Arizona is an important part of the economy both in its contribution to…
Church Insurance: Top Companies, Cost & Coverage
Church insurance is a blanket term for insurance for a nonprofit or religious organization. While some church insurance companies offer a policy package with multiple types of coverage, there is no one church insurance policy. Instead, it is a combination of policies that protect churches from the financial loss experienced after an event, potentially impacting…
HVAC Business Insurance: Companies, Costs & Coverage
HVAC business owners understand that all it takes is a bad water line to cause hundreds of thousands of dollars in damage. Insurance is a first line of defense in the event something like that happens. Heating, ventilation, and air conditioning (HVAC) business insurance is a group of policies that business owners, HVAC technicians, and…
Life Coach Insurance: Cost, Coverage & Providers
Life coaching insurance is any policy that protects your business from losses by helping provide defense and settlement of the claim. Additionally, life coaches should consider a business owner’s policy (BOP) for additional protection for their property and other forms of liability not found in professional liability. Costs for these combined policies can range from…
Tech Buying in SMBs: How Do Small Businesses Buy Technology?
In the past, sophisticated technology was only accessible to large businesses and enterprises. These days, small and medium-sized businesses (SMBs), which are generally defined as businesses with up to 100 employees and up to 1,000 employees respectively, can access the same tech solutions at affordable prices. However, this leveling of the tech buyer playing field…