Biz2Credit: Have a Buy-Sell Agreement for Your Business

The death or disability of a business partner can destroy families, ruin friendships, close businesses and eliminate jobs.  But, fortunately, having a buy-sell agreement in place can help businesses owners, their friends and their families avoid such cataclysmic results. A buy-sell agreement is a legally binding document that allows for the orderly transfer of business from a deceased partner to the surviving partners.  It compensates the estate of the deceased partner, allows the business to keep operating and secures the jobs of its employees. (more…)
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Biz2Credit Identifies Top Small Business Cities in America for 2016

For entrepreneurs, one of the most important questions that they ask themselves is ‘Where should I start my business?’ For the third consecutive year, Biz2Credit examined average annual revenue, credit score, age of business, cash flow, and local market conditions of regions throughout the country to find the best city to run a small business. Based on a weighted average, San Jose, CA, “The Capital of Silicon Valley” ranked as the Best Small Business City in America this year. The Silicon Valley is best known for its technology sector, but traditional goods and service companies are c...
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Biz2Credit: Five Factors that Contribute to Small Business Success

While success is never guaranteed, there are some factors that are common to most small businesses that achieve success. Of course, there are those that are successful that these do not apply to, and the opposite is true as well, in some cases. As a general rule, however, successful small businesses have these things in common. Great Business Plan The business plan is the cornerstone of most any business. It is your guide and your mission. It is what gets you started, and what guides the way when you are not sure what to do next. Getting the business plan right is imperative. Ther...
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Biz2Credit: The Future of Small Business Financing

According to the latest figures available, more than half of U.S. adults conduct online banking and more than one-third conduct business via their mobile devices. You can pay bills, transfer money, and apply for loans from a tablet or smart phone. Despite the growing trend towards online transactions, small banks, credit unions, and even some of the nation's largest banks have not invested in the technology to accept online small business loan applications. With greater competition from online marketplace lending platforms, traditional lenders have ceded market share to competitors such as...
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Biz2Credit: Rescuing Your Business from a Natural Disaster

Imagine the havoc a natural disaster such as a hurricane, blizzard or fire could wreak on a small business like yours. Many businesses would not be able to overcome the resulting sustained loss of income, putting them in a state of economic peril. Fortunately, funding is available in the form of low-interest Small Business Administration (SBA) disaster loans for business owners who need to rebuild after disaster strikes. If, in the unlikely event your business ever suffers losses related to a natural disaster, keep in mind the two types of recovery funding available. Business Physica...
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