When a recession hits, everything gets more difficult for small and medium sized businesses. Customers spend less, which means there is less cash to go around. But if a company utilizes its finances properly, then it still has enough invoiced sales to meet its ongoing obligations.

Seasonal credit demands and gaps between revenue and operational needs can create difficulties for managing cash flow.

Small businesses are known as the engine of the U.S. economy. Employing more than half of the nation’s workforce and creating two out of three private sector jobs are two things that justifies this standing.

A business bank account has a crucial role in the management of day-to-day finances within your company. Not surprisingly, the history of your deposits, withdrawals, overdrafts, average daily balances and other aspects of a bank account factor into how your financial institution views the bank rating of your company.

Documents Needed to Apply for a SBA Loan The Small Business Administration (SBA) of the United States was founded in 1953 to provide financial assistance and consulting services to people starting a small business.