MoneySmall Business

6 Best Online Credit Card Processors of 2022

With credit card processing fees typically ranging from 1.5% to 3.5% of the amount of each sales transaction, the cost of online credit card processing is important when selecting a provider. The processing fees you pay will depend on the pricing structure your processor…
MoneySmall Business

Pros and Cons of SBA Loans

Small Business Administration, or SBA, loans are a great option for many business owners. Backed by the federal government, these loans offer a combination of flexible terms and reasonable costs for business owners who meet the SBA’s qualification criteria. However, there…
MoneySmall Business

How Do Business Loans Work?

When you take out a business loan, you borrow money from a lender and pay it back over time with interest. Small-business loans can help you expand your business, make up for seasonal gaps in your cash flow, cover expenses during a downturn and more. In general, all the…
MoneySmall Business

How to Get a Business Loan as an H-1B Visa Holder

An H-1B visa holder may find it difficult to start a business as well as obtain the funding they need. When pursuing a business opportunity, visa holders must be careful to follow the regulations that apply to the visa program in order to not compromise their H-1B status. In…
MoneySmall Business

What Is PayPal? A Guide for Small Businesses

PayPal is a digital payments company founded in 1998. Known for creating the world’s first digital payments platform, PayPal streamlined the way people and businesses send and receive funds with its user-friendly solution. » MORE: PayPal Business review While still best…
MoneySmall Business

Can You Get a Startup Loan With an EIN Only?

Compared with well-established businesses, startup businesses often have a difficult time securing loans. A poor personal credit score on top of that can hurt a startup owner’s chances of being approved for funding. But startups with good or excellent business credit may…
MoneySmall Business

How to Increase Your Restaurant Profit Margin

According to the National Restaurant Association, small-business restaurants tend to have a pretax profit margin of only 3% to 5%. If you own a restaurant, here’s what you need to know about profit margins and some simple steps you can take to increase yours. » MORE: Best…
MoneySmall Business

Payroll Loans: How to Use Them

A payroll loan is a short-term financing option business owners can use to pay their employees. When there isn’t adequate cash to cover payroll costs, a payroll loan may be a solution that helps ensure your employees receive their paychecks on time. Payroll loans can cover…