Series A, B, C, and D funding are rounds of financing that are provided after an initial investment of funds, typically known as the “seed funding stage.” Each round allows investors to partake in an investment of a high potential startup or small business in exchange for a stake in equity. These rounds typically have…
What is
Current SBA Loan Rates for February 2025
Small Business Administration (SBA) loans are still one of the more affordable financing options that offer favorable rates and terms to qualified borrowers. SBA loan interest rates are reviewed periodically and can vary depending on the type of SBA loan, the lender, and the required business qualifications. While these rates have been trending upward over…
What Are Interim Financial Statements? Purpose & Examples
Interim financial statements provide a snapshot of your business’s financial position and performance over a period shorter than a full fiscal year, typically on a quarterly or semi-annual basis.
Interim financial statements are composed of the income statement, balance sheet, and cash flow statement. Think of a visit to your doctor for a routine checkup, wherein they’ll often run blood tests to see if everything looks good. These tests give a snapshot of your health at that moment, helping catch any potential issues early….
List of QuickBooks Expense Categories: Meaning and Uses
Expense categories help in keeping your expenses properly accounted for. Whether expenses are for marketing, office supplies, or utilities, proper categorization provides a clear financial snapshot and highlights high-cost areas. When you sign up for QuickBooks Online, you’ll see a default QuickBooks expense categories list to get you started. And as you continue setting up…
What Is Invisible Banking?
Invisible banking is a relatively new concept with the goal of making banking a seamless and natural part of everyday life without ever physically visiting a branch. This concept integrates financial services into websites and apps you already use, making banking easier and more convenient. While it began with personal banking, invisible banking has gradually…
The Small Business Guide to BBB Accreditation: Is It Worth It in 2025?
Getting BBB accredited can open doors for your small business. A BBB accreditation (aka a Better Business Bureau accreditation) is a certification from the Better Business Bureau that shows customers you’re a credible, good-standing business. While it isn’t a requirement, it’s something to consider setting your sights on for building your long-term brand reputation. And…
What Is Owner Financing & Who Is It Right For?
Owner financing describes a type of real estate transaction in which the seller of the property acts as the lender. In other words, the seller of the property agrees to provide ownership of the property to the buyer, and in exchange, the buyer makes loan payments to the seller instead of a traditional bank. Owner…
What Is an Amortization Schedule?
An amortization schedule is a table or chart that shows each loan payment throughout the life of the loan. These payments are broken down to show how much will be allocated to the loan’s principal and accrued interest charges, as well as the new loan balance after each subsequent payment. A schedule can be used…