Selecting the best small business loans can be a difficult process for business owners. They should evaluate all of their options, determine their criteria, and get ready to apply. Business owners should expect to pay rates between 7% and 150% with repayment terms up to 25 years for these financing options. Best Small Business Loan…
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Dance Instructor & Dance Studio Insurance: Cost, Coverage & Providers
Because there isn’t a single policy to cover all their risks, dance instructors need multiple dance studio insurance policies. In most cases, instructors can obtain bundled insurance coverage under a business owner’s policy (BOP) to get comprehensive protection for their most likely losses. BOPs for dance instructors start at $300 annually. Whether you own a…
Startup Business Loans 2020: The 12 Best Ways to Fund Your Startup
Qualifying for a business loan as a startup can be difficult. Entrepreneurs often need to utilize multiple financing sources to get their new startup off the ground. Startup business loans can take many forms, including SBA loans, angel investment, or Rollovers for Business Startups (ROBS), and each is unique in what they offer to startups….
Business Succession Planning: 5 Ways to Transfer Ownership Of Your Business
Business succession planning is a series of logistical and financial decisions about who will take over your business upon retirement, death, or disability. To write a succession plan, the first step is to identify the ideal successor to take over the business, then determine the best selling arrangement. This usually involves a buy-sell agreement, secured…
Small Business Line of Credit: Types, Requirements, Rates & Terms
A business line of credit offers revolving financing similar to a credit card. The types of lines of credit fall into three categories: unsecured, secured, and personal. Unsecured business line of credit requirements are lower than secured options, but offer less funding. Costs typically start at 10% with funding from $5,000 to $5 million. How…
IT Insurance: Cost, Coverage & Providers
IT insurance is a collection of insurance coverages that protect against third-party liability claims for consultants and businesses focused on delivering technology, computer, or IT services. The two main tech insurance coverage types are professional liability and general liability insurance. The cost of IT insurance ranges between $1,100 and $2,000 per year. Getting the best…
Inland Marine Insurance: Cost, Features & Providers
Inland marine insurance covers products, equipment, and valuable goods as they are transported over land or stored at an off-site location. Unlike commercial property insurance, inland marine covers property while it is away from your main premises. The cost of inland marine varies, but typically have minimums of $250 to $500 for standalone policies. If…
What Is Lead Distribution Software? The Ultimate Guide
Lead distribution software allows businesses to assign leads to sales representatives based on rules or specific criteria. It’s best for businesses that need to assign leads quickly because the faster you reach out, the more likely they are to convert into customers. Lead distribution systems range from free to more than $100 per month. While…
Startup Resources for Veterans
Many veterans develop the skills and leadership ability in the military that they need to start their own business. There are a wealth of resources available to veteran entrepreneurs. We’ve compiled a list of 25 startup resources for veterans ranging from financing providers to training and mentorship opportunities—even programs that result in an educational certificate….
Equipment Leasing – The Ultimate Guide
Equipment leasing is an agreement that allows a business to gain access to a piece of equipment without buying it. Equipment leases are generally available through manufacturers, dealers, banks, and alternative financing companies. Equipment lease payments are typically 20% to 50% less than equipment loan payments, and many have a balloon payment due at the…
Vacation Rental Insurance: Cost, Coverage & Quotes
Vacation rental insurance covers your risks associated with short-term vacation properties you rent out. Your policy should include coverage for the structure and contents of your vacation rental property and loss of income as well as your liability for other people’s damages. Typical policies cost around $2,000 to $3,000 per year. Vacation Rental Insurance Providers…
Home-based Business Insurance: Costs, Coverage & Companies
Home-based business insurance protects business owners working out of their homes for claims arising from third-party liability, property damage, and more. The most common types of home office insurance are general liability and commercial property insurance. When getting both types, the typical cost of home business insurance ranges from $750 to $1,500 per year. Home-based…