What is a POS Purchase? Point-of-sale, or POS, refers to the moment a customer purchases your product. A point-of-sale purchase is any transaction. "Point" refers to a location. The point-of-sale is the transaction event itself, while the point of purchase refers to...
Being an entrepreneur is challenging, and one of the biggest hurdles is getting the financing needed to start a business. The best small business loans can give entrepreneurs the funds to start a company, but approval isn’t always easy. Some entrepreneurs consider...
Answers to gym business loan FAQs. Gym business loans can be easier to obtain than you might think. Whether banks are the best option for obtaining a gym business loan depends on your gym business’s circumstances. Interest rates are only the start of the...
Term loan Similar to traditional bank style financing. A Term Loan is a set amount that a borrower pays back at a fixed amount. The common uses for these types of loans are business expansion, working capital and equipment purchases. Benefits of a Term loan Interest...
You may have heard of CDFI loans, but you may not know what they are or how they can benefit your business. So, what is a CDFI loan? It is offered by Community Development Finance Institutions or CDFIs. They serve about 84% of low-income earning individuals, so the...
What is Business Risk? Business risk is any risk that a business faces that can negatively impact its profitability. It can be both internal or external risks. A company needs to know what its risks are to get a risk management plan in place. Understand the Risks Your...
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Why Do Sports And Recreation Organizations Need Insurance? Sports of various sorts are one of Americas—and the world's—favorite pastimes. Football, soccer, ice skating, wrestling, fencing, and much more exist. We have seen an increase in privately owned fitness...
“Why does my commercial insurance cost seem to be higher than other businesses?” That’s usually combined with, “Am I carrying enough insurance and how come mine or theirs is more or less?” We get asked these questions in a variety of ways nearly every day. The real...
The Ultimate Guide for Gym Business Owners What do you need to keep in mind when you’re shopping around for business insurance? How do you know what the right insurance is? What coverage limits do you need to protect your business from the specific risks it faces? In...
Is engineers’ insurance the same as architect’s insurance? Is a landscaper’s insurance the same thing? The answer is no—and yes. Every small business owner needs certain business insurance policies to protect them in case the worst happens. But every business is going...
As a new business owner, you are no doubt excited about starting your own company. But what happens if things don't go as planned? You need to protect yourself and your family from the financial fallout that can happen when accidents or disasters strike. One of the...
A personal trainer is working to help someone become their physical best. Perhaps someone is recovering from fitness injuries or simply trying to lose weight. Your personal training business is helping people transform. You may not be like a typical business with a...
Receivable financing is when a business receives funding based on its invoices. It is a tool used by many companies to help them survive dry periods between payments. Receivable financing is essential because not all clients pay immediately upon the completion of...
