Business.bankofamerica.com

What is an SBA loan and how do I qualify

WEBStep 2: Identify a lender who can issue an SBA loan. Types of lenders that handle SBA loans. SBA standard lender: This qualified lender must submit transactions …

Actived: 9 days ago

URL: https://business.bankofamerica.com/resources/what-is-an-sba-loan.html

Client Spotlight: Dr. Kumapley Lartevi, The Convenient Clinic

WEBPicking up shifts at local urgent care facilities to support his family after medical school, Dr. Lartevi tucked away every extra dollar he could to open the clinic, …

Category:  Medical Go Health

Cash flow management basics for small businesses

WEB5 ways to improve cash flow. 1. Avoid being short of cash. Keep a cash reserve, ideally three months’ worth of expenses on hand, for unforeseen expenses and …

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Top Employee Perks Small Business Owners Should Consider

WEBConsider offering such perks as tuition reimbursement, access to educational webinars, and continuing education training. In certain cases, you may be …

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Welcome to the Center for Business Empowerment

WEBStrategy & Operations. Our step-by-step guidance starts with writing a business plan and takes you through launching, running and growing your business. Key topics covered …

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How to create a SWOT analysis for your small business

WEBIdentify your key objective. While they can be used for almost any business problem, the most effective SWOT analyses are focused on a narrow objective, such as a major …

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Employee Support Resources & Insights for Small Business

WEBWhether you need to raise capital, improve payments, remodel, upgrade equipment, expand or enhance hiring and retention efforts, let’s work together to shape your future. …

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How to Read and Create a Balance Sheet for Your Business

WEBShareholders’ equity means anything that would be left over after all the company’s liabilities are satisfied. In a small business, the owner is often the sole …

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The Small Business Sustainability Checklist

WEBPart 1: Implement quick environmental wins that cut costs while identifying longer-term sustainability strategies. Build a foundation for sustainable business practices by …

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Retirement for entrepreneurs: Should you stay on at your business …

WEBMany entrepreneurs find it rewarding to shift away from day-to-day responsibilities to provide higher-level oversight, coming in as an occasional …

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Considerations When Choosing a Business Structure

WEBThe type of business entity selected will determine whether the business owner is subject to one or two levels of tax and the tax rate to which the business income will be subject. …

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Working Capital: What Is It and Why It's Important

WEBWorking capital — the money you have on hand to run day-to-day operations — affects many aspects of your business, from paying employees and vendors to …

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How to share costs with other small businesses

WEBFood businesses, for instance, are finding it cheaper to sign up with delivery services like Postmates, Grubhub, Uber Eats, and DoorDash rather than hiring extra delivery help. …

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How to Start a Business in 15 Steps

WEBUnderstand potential impacts: Review “ Considerations when choosing a business structure ” for information on how business structure may impact things like tax …

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How to Read and Understand a Profit and Loss Statement

WEBProfit and loss compared to other financial statements. The P&L, also referred to as the income statement or statement of revenue and expense, is typically …

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Credit score basics for Small Businesses

WEBAt some point — whether you’re in growth mode or well established — every business needs to borrow money or ask suppliers for credit. To secure the credit you …

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Women & Minority Owned Business Certification Options

WEBBe owned and controlled by one or more women, each with a personal net worth less than $850,000. Be owned and controlled by one or more women, each with …

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Free Cash Flow: What It Is and How to Calculate It

WEBFree cash flow, or FCF, is the money that is left over after a business pays its operating expenses (OpEx), such as mortgage or rent, payroll, property taxes and …

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What is the Difference Between Gross vs. Net Income

WEBExpenses can fall into several categories, including: Once calculated, net income can be either a positive or negative number. In other words, if a company brings …

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