Finance/Capital Access Archives - Page 2 of 26

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Should you choose a digital or traditional bank account?

February 23, 2023

A business bank account is a critical component for any business owner. It creates a separate place for your business finances and transactions to live, which makes it easier to manage your financial records, and ultimately stay organized. If you’ve started researching business bank accounts, you may have noticed that there are a wide range of options, from opening up an account where you personally bank, to opting for an online business banking solution.

If you’re choosing between a (likely cheaper) online bank and a traditional, brick and mortar one, then this article can help you weigh the pros and cons of both so you can make an informed decision.

Next steps: Preparing for holiday shopping season

December 8, 2022

Drawing on the experience and insights of Cybersource Managed Risk Analysts worldwide, we’ve put together a series of tips to help you prepare for holiday shopping season and protect your business against fraud and risk while delivering a frictionless experience for genuine customers.

Now that you have spent some time evaluating the different parts of your business, connecting the dots, and planning next steps, let’s put it all together with tips for implementation and preparation. If you missed it, you can check out the first blog in this series.

Get ready for the holiday shopping season

December 8, 2022

Holiday shopping season is just around the corner. (Yes, really.) There’s plenty to do over the next few weeks to get ready, so we’ve put together a series of tips to help you prepare.

The reality is that, for some of you, it has felt like the holiday season year-round since the onset of the pandemic. Still, peak season transactions can account for 30 percent or more of some retailers’ total yearly volume. Combine increased transaction volumes with targeted promotions, new payment methods, and new transaction channels and you may find it is harder to keep up with emerging fraud trends. A common way to combat increased fraud is to send more transactions to manual review—ultimately increasing overhead costs and potentially delaying customers from receiving their purchases.

5 ways to get funding for your new business

September 20, 2022

By Myranda Mondry

You’ve got it: Your million-dollar business idea. The only problem? You don’t have a million dollars (yet—fingers crossed!). Launching a new business takes passion, courage, and, yeah, capital. If you don’t have at least a small bank of startup money lying around—few of us do—it can be the roadblock that prevents your million-dollar idea from taking off.

Fortunately, new businesses like yours have a few options when it comes to funding and capital. And you don’t have to be well versed in finance to take advantage of them. The following are a few common ways entrepreneurs can fund their big ideas—transforming them into small businesses.

How Important is Personal Credit When Looking for Business Financing?

August 9, 2022

By: Matthew Gillman, SMB Compass Founder

You’ve probably heard time and time again that lenders will look at your personal credit profile before approving your business loan application. That is because your credit reflects how diligent you are in paying off your debts. It also gives lenders an idea of how risky it would be to lend you money.

This article will demonstrate why personal credit is essential when looking to get business financing. It will also provide practical tips on building up your personal credit score to prepare you for future loan applications.

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