A fixed interest rate is when a rate of interest for a loan does not fluctuate and remains the same throughout the term of the loan.
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An employer identification number (EIN) is a nine-digit number assigned by the IRS. It’s used to identify the tax accounts of corporations, employers and other types of tax paying entities….
Depreciation is used in accounting to calculate the decreased value of business assets over multiple years. Examples may include machinery, vehicles, furniture, computers and equipment. All of which lose value…
Debt Financing is when a company borrows money from a lender with the principal and interest being paid back in scheduled payments.
Debt consolidation combines multiple high-interest debts, such as credit cards, lines of credit or merchant cash advances, into a single monthly payment. Ideally, it’s used to lower the overall monthly…
A cash flow projection is a report of how, where and when money is moving through a business over a given time period. This data is used to project future…
A business credit score allows lenders or suppliers to gauge the risk in providing a line of credit or a loan to a customer and if that customer will pay…
A business credit report assesses the creditworthiness of a company by providing data on a company’s financial health, payment history and overall history with the purpose of that company obtaining…