Business owners will often remember how hard it was for them to provide the required financing to establish their business. Funding is one of the most common hurdles typically faced early on by budding entrepreneurs. Acquiring capital nowadays, though, is...
A credit score is the first thing that every credit lending institution considers while evaluating any loan application. The credit score is a comprehensive compilation of the applicant’s credit history, financial track record, and income. The bank gets all this...
Working capital is used to fund the daily operations of a business. These types of loans are not used to purchase long-term assets or investments and are used instead to provide the working capital that meets the short-term operating needs of...
Banking has long been known as a business with a great deal of loyalty to customers. Customers are no longer limited to a single bank offering a menu consisting only of items planned, created, promoted, and endorsed entirely by the...
These days, credit cards can be used to make payments. But it wasn't always that way. In the 1920s, there was a significant shift in the tech world that has affected our lives in the world we live in...
Banking from the comfort of your couch makes finances simple. More and more banks allow you to deposit checks with your cell phone camera, simply by taking a picture of the check and submitting it. You can access your banking...
The difference between the actual revenue and the opportunity cost associated with the income generated is economic profit (or loss). Opportunity cost is the cost of a foregone opportunity, such as one being given up to find another option. Say a company's...
Having a credit card and not knowing how to use it wisely can land you in debt. There are some statistics about credit cards that might surprise you. For example, lots of people have a credit card, some even...
American Express U.K. issues more than a dozen separate credit and charging cards, including hotel and airline cards cobranded. This is an impressive array to choose from. Still, only eight publicly available Amex cards — six personal and two business —...
Some credit cards let you make purchases and then your pay after, but other cards like the prepaid MasterCard require you to pay beforehand. These two different types of cards require different forms of activation. When it comes to prepaid...
Chip-and-PIN credit card purchases are much safer than conventional purchases using a magnetic strip. A one-time code that passes between the chip of your card and the point of sale terminal of the store is generated when you make a transaction...
The most essential aspects of any business, big or small, are record keeping and expense tracking. These are some of the reasons why you would need to hire a CPA for your company. This is a Certified Public Accountant...

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