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Knowing your effective rate helps you understand what you actually pay for credit card processing. Here’s how to calculate it, and use that information to find the best rates on merchant services.

Buying a business can be an exciting and rewarding venture, but getting a loan to finance this purchase is tricky if you don’t have spotless credit or an already-established business. Fortunately, alternative lenders have made it easier for aspiring entrepreneurs to secure non-standard business loans, SBA loans, and other types of financing.

After you’ve worked through the details of your 2-3 consecutive statements, it’s worth repeating your effective rate calculation on each one, just to ensure you didn’t miss any charges. You may have also spotted an extra or padded fee here and there that you’re ready to confidently take up with your MSP. You should also be able to locate any anomalies that occurred during a given month (e.g., excessive penalty fees, chargebacks, one-time incidental fees, etc.) that may have impacted your effective rate.

Lenders like to know exactly how you plan on using the money they may potentially lend to you. If you’ve made successful investments in the past, like purchasing additional equipment that increased your sales revenue by 25%, and are planning on purchasing more equipment with the loan your applying for, be sure to tell your lender! It will demonstrate that you’re experienced in business and that you’re likely to increase your cash flow (which a lender hears as “we’re getting our money back”).

Looking for a line of credit? We have searched out and evaluated the best credit lines currently available to businesses of all sizes — from startups and incubator businesses to stable and established operations.

Do you have poor credit? Or even fair credit that you want to improve? Your personal credit score can impact not just your personal finances, but also your opportunities for small business loans and other forms of financing.

B2B payments work different than B2C, but If you’re still waiting months for paper checks to arrive in the mail, it’s time to re-evaluate your payments setup. Here’s what you need to know about B2B credit card payments and other electronic payment methods.

With so many great options for a cash flow loan, it can be hard to know which is right for your business. Read this detailed post and know about the factors that will play a role in deciding which lender you should go after.

Need cash flow to make payments on time, operate your business, or secure that dream loan you’ve been waiting for? Get your business’s finances on track with these 12 tips for improving cash flow.