Preparing for economic downturns is crucial for small businesses to navigate challenges, maintain stability, and emerge stronger on the other side. Here are strategies to help small enterprises to build resilience during economic downturns: 1. Financial Planning:    – Create a Contingency Fund: Save a portion of profits in a contingency fund to cover unexpected...Read More

As the end of the year approaches, so does the end of our 3-part blog tax series. Throughout the series, we have explored Tax Tips for Small Businesses for Q1, Q2, and Q3 Small Business Tax Tips. The end of the year brings several important tax-related tasks and strategies small businesses should consider to optimize their financial position. ...Read More

As the year ends and a new one begins, every small business owner plans to do better than the previous year. To kickstart the new year, grab a pen and paper, write down some resolutions and hold yourself accountable! Resolutions will help you drive forward and maintain momentum. Plus, having them on paper is a...Read More

Although merchant cash advance (MCA) seems a quick and easy option to get immediate funds for your business, these cash advances carry extremely high fees with APRs in the triple digits! If you insist on this method, be prepared for what an MCA will do to your daily, weekly, or monthly revenue stream. Daily, automatic...Read More

We have seen many situations in which borrowers have let us know a little too much information. Whether it is cheating on taxes or forcing another lender to give them a discount with bullying techniques and tactics. These people do not become our clients, we cannot trust them. For example, there is a difference between...Read More

As a small business owner, any time of the year is a good time for a financial health check-up. This is analyzing your current financial situation, deciding where you want to be, and finding ways to get there. Managing your cash and finances is a foundation for a successful business. Almost half of small businesses...Read More

Credit cards should come with a warning label. If you struggle with budgeting, high-limit credit cards may cause your small business more harm than good. They may even lower your personal credit score. To avoid this catastrophe many small business owners utilize prepaid credit cards in order to manage their finances and spending.   Pros...Read More

Is financial freedom a myth? Not with help from American Finasco. Take the necessary steps toward financial freedom and get on top of small business debt. A simple phone call is your first step. Call (800) 299-2909 or visit https://americanfinasco.comRead More