SMB Compass Blog
Check out the latest industry news and trends
From Blastar to Twitter: A Complete Timeline of Elon Musk’s Wealth
From Blastar to Twitter: A Complete Timeline of Elon Musk’s Wealth | Share on Facebook Share on Linkedin Share on Twitter Elon Musk has been one of the world’s wealthiest people in recent years. But how exactly did he manage to go from zero to $199 billion? To find out, let’s take a look at…
A Guide to Same Day Business Loan Eligibility
A Guide to Same Day Business Loan Eligibility | Share on Facebook Share on Linkedin Share on Twitter Contents Running a business can be rewarding, but it’s no walk in the park. On top of your managerial responsibilities, you need adequate working capital to sustain your business and take advantage of growth opportunities. Most of…
Stacking Loans: Everything You Need to Know About It
| Share on Facebook Share on Linkedin Share on Twitter Contents During the 2008 recession, big banks and credit unions have been wary of lending money to small businesses. This made it hard for them to secure the working capital needed to fund their operations. As a result, many small business owners have decided to…
A Guide to Cash Flow Loans for Small Businesses
A Guide to Cash Flow Loans for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Small business owners need to be aware of their options when it comes to financing. A cash flow loan can be a great option for businesses with steady incoming revenue. This guide will help you…
Business Loan Interest Rates: A Guide for Small Businesses
Business Loan Interest Rates: A Guide for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Small business loans can be an excellent resource for starting or growing your business. However, the only way you’ll be able to make the most out of it is by choosing the one with the…
Top 5 Best Bad Credit Business Loan Options for Small Businesses
Top 5 Best Bad Credit Business Loan Options for Small Businesses | Share on Facebook Share on Linkedin Share on Twitter Contents Securing funding is one of the many struggles that small businesses face. But a bad credit score is usually the biggest roadblock that prevents companies from qualifying for business financing with excellent terms.…
SBA Loans: Who is Eligible for a Small Business Loan in 2022?
SBA Loans: Who is Eligible for a Small Business Loan? | Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways The Small Business Administration created government-backed loans to help small businesses qualify for reliable financing. To qualify for an SBA loan, you need to meet the SBA’s small business size standard, operate…
U.S. Cities That Have Gained and Lost the Most Businesses
| Share on Facebook Share on Linkedin 𝕏 Share on Twitter Contents Key Takeaways There are many reasons why some cities see more businesses openings and closures than others. State population, accessibility to major cities, and economic standings all play a large part in how well businesses perform. But which U.S. cities have gained and…
Asset-Based Line of Credit: How to Know If It’s Right for Your Business
| Share on Facebook Share on Linkedin Share on Twitter Contents Key Takeaways Asset-based lines of credit rely mainly on the value of the collateral presented by the borrower, which usually includes real- estate, inventory, and equipment. One of the surefire benefits of an asset-based line of credit includes faster approvals and funding than traditional…