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Ultimate Guide

Ultimate Guide to SBA Form 413: What It Is & How to Fill Out

SBA Form 413 is commonly referred to as an “SBA Personal Financial Statement” and is a document representing a borrower’s financial position.

By September 17, 2024 | Financing, Ultimate Guide

Essentially, Form 413 outlines your financial status across various accounts, income, assets, liabilities, etc. It provides the participating lender with information regarding your overall creditworthiness. It’s one element of the lending decisioning process that can play a major role in your approval status since it can be used to evaluate whether or not you’re able…

Product Liability Insurance: Cost & Coverage

By September 12, 2024 | Insurance, Ultimate Guide

Product liability insurance protects your business from any financial harm you may face from claims that your product caused bodily injury or property damage. This insurance applies to any product you manufacture, distribute, or sell. Product liability costs vary depending on the business, but premiums can range from $250 to $2,000 annually. You can purchase…

Point of Sale (POS) Hardware Guide for 2024

By September 12, 2024 | Retail, Ultimate Guide

A point-of-sale (POS) system combines hardware like touch-screen displays and credit card terminals with software tailored to accept payments and track sales. The POS hardware you need is dependent on the software you use, so it’s important to choose a suitable software system before purchasing any devices. But it’s equally important to know that your…

AI in Accounting: Trends & Uses [+ Examples]

By September 9, 2024 | Accounting, Ultimate Guide

Artificial intelligence (AI) is slowly reshaping the landscape of the accountancy profession and accounting industry. AI pushes accountants to embrace a more strategic and data-driven role in business management, rather than the traditional routine and mundane tasks. Though AI poses a threat to job security in other fields, accounting professionals have nothing to worry about…

AI Call Centers: What You Need to Know in 2024

By September 6, 2024 | Office Technology, Ultimate Guide

An artificial intelligence (AI) call center is a customer service platform that uses AI technology to streamline voice interactions, enhance agent productivity, and generate real-time insights. Service providers are using AI models to offer capabilities like live transcription, chatbots, and sentiment analysis. From reducing long wait times to managing high call volumes, an AI call…

Virginia Small Business Insurance Guide 2024

By September 6, 2024 | Insurance, Ultimate Guide

Whether starting a new restaurant in Richmond, running an ice cream food cart at Virginia Beach, or operating a bed and breakfast in the Shenandoah Valley, small business insurance will be a critical part of your business plan. Virginia business insurance requirements are workers’ compensation and commercial auto. Some industries require general liability, too, for…

What Is SBA Form 159 & How to Fill It Out

By September 4, 2024 | Financing, Ultimate Guide

The purpose of SBA Form 159 is to identify the fees that were paid to an individual or company that meets the SBA’s definition of an Agent. The form also informs applicants that hiring an Agent to assist with an SBA loan is not required. However, if you hire someone to help with your SBA…