Employee business credit cards allow employees to purchase goods and services online or in-store on behalf of the company while giving business owners control over their company expenses. These cards are available as small business credit cards, corporate credit cards, and prepaid business cards and have the same APR, rewards structure, and benefits as the…
Ultimate Guide
Investment Property Financing: What It Is & Who It’s For
Investment property financing allows you to acquire residential real estate for investment purposes. This can be in the form of a short- or long-term investment, such as a fix-and-flip or fix-and-hold property. Different types of loans can be considered for investment property financing. Common examples include conventional mortgage loans, owner financing, home equity loans (HELOANs),…
Cannabis Insurance: Cost & Coverage
Cannabis insurance is a specialized business insurance policy that protects marijuana businesses from the common risks of liability or damage to their property. Its costs are higher than in other industries because of the risks associated with the product and its status as a Schedule I controlled substance. A liability policy, for instance, can range…
SBA 504 Loan: What It Is & How It Works
504 loans offered through the Small Business Administration (SBA) are designed to provide funding for fixed assets that help in the creation of jobs or business growth. Some examples of allowable uses include the purchase or construction of land, buildings, machinery, and other equipment. An SBA 504 loan has two separate funding sources: Certified Development…
Commercial Auto Insurance: Cost & Coverage
Commercial auto insurance is an important policy for any business with vehicles and is required if your business owns a vehicle—covering damages and injuries from accidents. The damage can be to other vehicles or property and even the cost to clean up a crash scene. This type of insurance can include multiple coverages for first-…
TikTok Dropshipping: Ultimate Guide for SMBs
TikTok is a social and ecommerce powerhouse with about 150 million users in the US.[1] In addition, 37% of TikTok users have bought something from the platform.[2] If you’re looking to cash in on the TikTok ecommerce phenomenon, you can start selling on TikTok without investing in products upfront. The dropshipping business model lets you…
Private Label Playbook: Ultimate Guide for SMBs
Private labeling is when a manufacturer produces goods or products for another company to sell under its own brand name. It could be a viable option if you want to start a retail business but have no idea about the product development process—all you need is a product idea, and you can find a manufacturer…
Pre-tax & Post-tax Deductions: An Ultimate Guide
Understanding pre-tax and post-tax deductions is a crucial part of running a small business. Deductions play a crucial role in both employee benefits and garnishments, impacting net pay for your employees. Pre-tax deductions are those deductions subtracted from an employee’s pay before taxes are withheld (including health plan and life insurance contributions). Post-tax deductions refer…