The Source

This week in The Source

Pros and Cons of SBA 7(a) Loans

5 minute read

January 28, 2019

The Small Business Administration (SBA) provides loans to small business owners struggling to secure traditional financing. SBA loans have emerged as one of the most popular funding sources for small businesses and can enable entrepreneurs to receive up...

Working Capital

SBA Loans: 504 vs. 7(a)

5 minute read

January 11, 2019

SBA financing is a government loan program that offers great loan terms for small business owners. Although the SBA doesn't directly loan money to businesses, they work with banks and CDCS (Certified Development Companies) to...

Small Business

8 Mistakes to Avoid When Applying for a Business Credit Card

5 minute read

January 8, 2019

When you own a small business, how you afford your expenses can make a bigger difference than you may think. Not only does a business credit card allow you to readily track and evaluate your...

Small Business

The Best Prepaid Debit Cards for Business Owners

5 minute read

December 26, 2018

The popularity of prepaid debit cards is widespread and growing in the United States – and for good reason. Prepaid debit cards provide the same convenience you get with a credit card, while also helping...

Small Business

Four Winter Challenges Your Business Should Prepare For

5 minute read

December 12, 2018

If you run a business in a geographic area that experiences harsh winters, preparation is crucial.

Small Business

The Pros and Cons of Running a Sole Proprietorship

5 minute read

December 3, 2018

For many people, running their own business is a dream come true. Due to this, many entrepreneurs ultimately set up a sole proprietorship, which is an unincorporated company owned and operated by one person. ...

Industries We Serve

How to Turn Your Passion for Fashion into a Lucrative Business

5 minute read

November 16, 2018

What could be more satisfying than turning your favorite hobby into a career? If you’re interested in fashion, this could be more attainable than you once thought, especially with the digital overhaul of the fashion...

Small Business

Pros and Cons of Bootstrapping Your New Business

5 minute read

November 14, 2018

“It takes money to make money” is one of the oldest clichés in the business world, but it’s true that most startups require funding to get off the ground. Luckily, there’s currently no shortage of...

Small Business

How to Determine if Your Business Needs a DBA

5 minute read

November 14, 2018

Wondering if your business needs to register a “Doing Business As” (DBA)? DBAs are usually needed if you intend to conduct business under a name that is different from your personal legal name or the...