MoneySmall Business

What Is Inventory and How Does It Work?

Inventory refers to both the goods and products a business sells, as well as any raw materials that the business uses to make those products. Of course, no two companies’ inventory looks alike. Some businesses — such as restaurants, for example — have inventory that…
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BPP Insurance: What It Is, Who Needs It

Business personal property insurance, or BPP insurance, can pay out to help you repair or replace items your business owns, including machinery, furniture and inventory. This coverage is part of business property insurance policies. Most businesses need property insurance as…
MoneySmall Business

Business Loan Broker: Do You Need One?

Finding and applying for business financing can be time-consuming and complicated, especially if you don’t have much experience with the process. Business loan brokers can save you time, offer industry knowledge and hopefully help you get the best small-business loan…
MoneySmall Business

Best Business Credit Cards for Balance Transfers

Business owners can often save time and money by consolidating high-interest business debt onto one balance transfer business credit card. These cards offer 0% APR for a set period of time, typically nine to 18 months, allowing you to pay your debt interest-free. We’ve…
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What Is an Additional Insured Endorsement?

An additional insured endorsement changes an insurance policy to expand coverage to a person or organization that isn’t named in the original policy. You may need to add other parties to your business insurance policy if you lease space or work as a subcontractor. To break…
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How to Get E&O Insurance for Insurance Agents

Errors and omissions, or E&O, insurance can protect insurance agents from a slew of financial risks, such as mistakes in their work or missing deadlines that affect client coverage. Here’s how it works and what to know about getting E&O insurance for insurance…
MoneySmall Business

What Is a Third-Party Payment Processor?

A third-party payment processor is a provider that allows a business to accept payments without opening its own merchant account, a bank account needed for holding money earned from card payments. These processors generally offer fast setups, charge flat-rate fees and…
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CoverWallet Online Insurance Brokerage Review 2022

CoverWallet is an online insurance broker that allows small-business owners to get quotes from several different insurance companies at once. CoverWallet isn’t a business insurance provider itself. If you’re searching for cheap business insurance, CoverWallet may save…
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How Much Is Malpractice Insurance?

What is malpractice insurance? Malpractice insurance is insurance that protects doctors, lawyers and other professionals from liability for events that injure or kill patients or clients. Many states require physicians and other professionals to have malpractice insurance.
MoneySmall Business

Small Business Loans NYC: Your Local Funding Guide

Small business loans for New York City small businesses can come from many sources—from local government-guaranteed programs to national banks that lend especially to NYC businesses, options abound for NYC business owners who need access to small business funding. Top 6…
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EIDL: What Are Economic Injury Disaster Loans?

An Economic Injury Disaster Loan, or EIDL, is a 30-year loan of up to $2 million from the Small Business Administration for small businesses that are in disaster areas and can’t pay their ordinary and necessary operating expenses. The interest rate can’t exceed 4%. How…
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Square Fees: What Are the Costs?

Square costs fall into one of three categories: per-use fees for payment processing, a monthly subscription cost for software and the price of any Square hardware you buy. The basic Square point-of-sale app is free to use. You’ll only pay the standard transaction fee of…
MoneySmall Business

Best Free Inventory Software and Apps of 2022

Inventory management software is an important part of starting and running a business, but it can be really expensive. These free inventory software options will help you keep costs down, and they actually work. Sure, they may not all have the bells and whistles of software…
MoneySmall Business

Small-Business Outlook: 6 Predictions for 2022

Small-business owners looked to 2021 as a chance to rebound and rebuild from nearly a year of coronavirus-induced losses. Instead, many were dealt repeated blows with supply chain backups, unfilled “hiring” signs and renewed restrictions and mandates. The year wasn’t a…