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...
Personal Business Loans: What You Need To Know
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...
Gym Loan FAQs: Common Questions About Getting Gym Business Loans
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...
The Gym Funding Playbook
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...
What Is a CDFI Loan?
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...
How to Calculate Business Risk
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...
Insurance for Your Sports Program [What You Need]
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...
How to Reduce Business Insurance Premiums
“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 Dos and Don’ts of Buying Insurance
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...
9 Types of Business Insurance to Consider
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...
Insurance for Startups: The 11 Types You Should Consider
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...
Insurance for Personal Trainers
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...
A Cheat Sheet on Receivable Financing- What You Need to Know
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...