Part 3 – Providing Detailed Financials and Operating Data History Over the course of this 4-part series, the first two blogs covered the overview of the 5-step process and went into depth regarding the first two steps of the process. This blog covers the third and fourth steps which are Read more…
Part 2 – Matching Loan to Lender Part 1 of this series mentioned that the first step to getting a bank to loan your business money is, of course, finding the right lender. This starts with understanding the use of the funds, since it will determine the structure of the Read more…
Part 1 – A Process Summary This is a four‐part series on just what it takes to obtain a business loan and understanding the process you might face in running your business with someone else’s money. Today many businesses are experiencing growth opportunities and need capital to finance growth. So, Read more…
Suddenly, we are at midyear and still unsure about an impending recession. While the large corporate world has laid off employees, the middle market remains strong. However, signs of slowdowns are now appearing in the SMB market, and businesses are changing their plans for the back half of 2023 and Read more…
With the recent failure of two banks in the US and one in Switzerland, the trust in the global banking system is in flux. Silicon Valley Bank customers could have lost $150 billion in unprotected deposits had the Treasury Department/FDIC not overridden the deposit insurance limits. There are several moves Read more…
“Paying it forward” is a term people often use to show their willingness to help others without immediate reward. We, as a team, have absorbed this ethic into our company culture which we call “The C2 Way.” Our culture enables our team members in multiple ways, such as supporting charities, Read more…
As COVID vaccination rates increase, many organizations are beginning their 2022 planning. What to expect in the US economy next year is on many minds as the assumptions for the upcoming year raise considerable uncertainty. We have reviewed several economic forecasts and data reports to compile guidelines for planning. While Read more…
As COVID vaccination rates increase, many organizations are planning how best to return to full operations. Whether you can have remotely working employees versus all on-premises employees depends on your industry and the size of your business. This blog focuses on key concepts to consider as you design a hybrid Read more…
Many businesses are experiencing substantial growth that is stressing equipment, inventory, and cash. Fortunately, there are several types of financing available to privately owned businesses. Successful management of rapid growth requires a plan and daily capital management. How Do You Determine the Best Type of Financing? The type of Read more…
Presently, many articles say that the US economy is poised for rapid growth. The Federal Reserve has stated that it will keep interest rates low for the foreseeable future. Daily, the Biden administration announces new programs to raise taxes. These facts have conflicting impacts on the possible direction of long-term Read more…