5 Tips for Preserving Your Business Line of Credit

Many small businesses rely on a bank-approved business line of credit as a convenient source of short-term financing. But preserving this credit-line is not always so easy. Most banks make a commitment for one year. At the close of the year the business’ financial statements, tax returns, and credit rating are reviewed. If the bank […]

Unemployed Professionals Seek Small Businesses: A Win-Win Situation?

Earlier this week officials of the New York City Economic Development Corporation announced the initiation of a program that pairs out-of-work professionals with start-ups and growing small businesses. The program, known as JumpStartNYC, illustrates an unavoidable trend that has been gaining traction over the past couple of years. (image credit) As the economy continues to […]

Is Now the Time to Invest in a Franchise Opportunity?

There are several attractive incentives to investing in a franchise business. By buying into a franchise opportunity, you can take advantage of a proven business model and an established brand recognition, not to mention all the training and support that many of the major franchisers have to offer. But with the economy in a recession, […]