The Source

This week in The Source

Fora Financial Donates $25,000 to New York Cares

August 30, 2019

Fora Financial, a working capital provider to small business owners nationwide, is proud of its continued support for New York Cares, the largest volunteer network in New York City. Last fall, the company announced the launch of...

Working Capital

The Pros and Cons of the SBA 504 Loan

August 28, 2019

The Small Business Administration offers 504 loans that can be used to help businesses in the United States grow by providing funds for specific purchases. In this post, we’ll explain what a 504 loan can do for...

Industries We Serve

How to Use a Loan to Improve Your Salon Business Plan

August 22, 2019

When patrons visit your salon or spa, they want to be pampered. There's no room for broken equipment, poor service, or lackluster interiors. If your salon isn't up to standards, customers will likely check out...

Working Capital

What Are Fixed Expenses and How Do They Affect Your Business’s Finances?

August 19, 2019

A fixed expense is a cost that stays the same over the short-term even when business activities, such as sales or transaction volume, increase. Usually, when accountants mention fixed expenses, they’re talking about them in...

Small Business

What is a Charge-Off and How Can It Affect Your Credit?

August 5, 2019

Among the many factors that can hurt your business credit, charge-offs usually have one of the most severe effects.

Small Business

The 6 Best Business Accounting Books

July 30, 2019

If you’re like many entrepreneurs, you probably don’t enjoy day-to-day tasks like accounting and bookkeeping. Still, understanding these functions is critical to maintaining a healthy business and can’t be ignored — especially if you have...

Industries We Serve

5 Reasons New Restaurants Fail (And How to Avoid the Same Fate)

July 16, 2019

In this post, we’ll discuss five reasons why new restaurants fail and what you can do to ensure that your establishment stays open for years to come.

Small Business

Pros and Cons of the Office Depot Business Credit Card

July 3, 2019

The average business spends $200 per person per year on office supplies. Depending on your business's size, that can add up quickly. Saving money on office supplies can help your bottom line and might be useful...

Working Capital

How Open Bankruptcies Affect Your Ability to Qualify for a Loan

June 26, 2019

As a small business owner, access to credit can be critical. Whether you need capital to take advantage of a unique growth opportunity or bridge gaps in cash flow, you’ll need to prove that you...