Interest-free loans! Sounds great doesn’t it? Well, that is exactly what businesses do every day when they offer credit terms to their customers. Sure, it’s considered normal to allow a customer 30 days to get their bookkeeping in order to pay the bills. But many large companies take advantage of credit terms and take 60

The Internal Revenue Service is not a lender of last resort. By not paying taxes, you are ultimately borrowing from the government, at extremely costly rates. The addition of compounding interest and penalties will make a bad situation much worse. Any unpaid taxes due will garner a daily interest rate, plus a monthly 5% penalty

Business owners who are operating revenue-driven companies often turn to outside sources of capital when looking to grow faster. Either a company can sell shares (and shared ownership) to raise capital or they can borrow against collateral. Collateral usually means some sort of tangible asset such as equipment or receivables. When using collateral for borrowing,

In today’s credit restricted economy it is critical for business owners to be aware of all the various forms of financing that are available. Too often these days, banks are self absorbed in protecting their internal balance sheet, rather than taking on risk in the form of loans to small businesses. Even in the best