September 2020

Interest Rate Factor: What It Is, How to Calculate It

How to Calculate Interest Factor Rate

by Fitz
September 30, 2020February 9, 2023

How to calculate the factor rate for small business financing

If you’re the owner of a small business, you understand how daunting managing your cash flow can be. You need to make sure that you can not only keep the lights on, but also cover emergency expenses, payroll, and be able to take advantage of opportunities for growth that arise.

One such critical opportunity is accessing alternative forms of small business financing to thrive in the face of sudden uncertainty. In this post, we’ll discuss how to calculate interest factor and the difference between conventional interest rates and factor rate.

Once you understand the financial implications of factor rate, you’ll be able to take advantage of tools that can help you manage your business, such as merchant cash advance factor rate financing.

by Fitz
September 23, 2020September 30, 2020

Personal Business Loans

Personal business loans refer to taking out a personal loan to start a business under your name. It’s one of the most common sources of capital, especially for smaller startups who can’t meet the stringent requirements of a business loan.

But a much more important question than “how to get a personal loan” is why. Why would you want to do that, and what are the risks involved?

In this article, we’ll discuss personal business loans, the pros and cons of doing it, and whether it’s a good idea for you.

Pros and Cons of Etsy: A Guide to Selling on the Platform

by Fitz
September 14, 2020

Pros and Cons of Etsy

If you’re into selling unique and rare handicrafts, Etsy should be a big part of your e-commerce strategy. With a large and passionate marketplace, it’s one of the best platforms for small craft businesses to sell in.

But before you open that Etsy store, know that it’s not for everyone. Coming in prepared is critical if you want to succeed in this busy marketplace.

In this post, we’ll talk about selling on Etsy, pros and cons of doing it, and if it’s the right strategy for you.

What Is Square and Is It Good for Small & Large Businesses?

by Fitz
September 8, 2020February 18, 2021

What is Square?

If you’re considering getting or switching your POS system, you might have run into Square. It’s undoubtedly one of the most widespread mobile payment systems around. If you’ve ever shopped in an online store, there’s a good chance they’re a Square user.

But is this payment system really one of the best you can get? Is Square credit card processing a good deal?

In today’s post, we’ll discuss what Square is, how it works, and what are its advantages and disadvantages. So before you say “SQ my business!” and apply for an account, read on first to find out if it’s right for you.