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January 23, 2022

Does Your Small Business Need Legal Help? Here’s What You Need to Know

In 2020, there were 1.33 million lawyers in the United States. There’s no doubt that legal services are invaluable, but people are often hesitant to spend money on... Read More
December 16, 2021

Cost Of Sales vs COGS: 8 Ways To Differentiate The Terms

Both cost of goods sold (COGS) and net sales, which require knowing the cost of sales to calculate, are key lines on your small business’s income statement. COGS and... Read More
November 19, 2021

5 Key Factors to Consider Before You Buy Commercial Property

If you’re planning to invest in commercial real estate, you’ll want to put in some serious thought ahead of time. While any type of real estate might sound like a... Read More
November 03, 2021

Can a Sole Proprietor Have Employees?

Sole proprietors don’t have to run the ship alone. Here’s what you need to know about hiring help for your small business. ... Read More
October 04, 2021

Small Business Growth Statistics That May Surprise You

Small businesses are important to the U.S. economy because 99% of all U.S. firms are small businesses, employing about half of the private workforce. They are... Read More
August 18, 2021

Small Business Planning for Q4 2021

The 2nd quarter 2021 MetLife and U.S. Chamber of Commerce Small Business Index (SBI), finds that as more Americans receive the COVID-19 vaccine, states lift... Read More
July 21, 2021

5 Company Growth Stages and Their Challenges

The small business lifecycle has 5 different stages from start-up through maturity and possibly an exit. As you establish and grow a business, each has unique pain... Read More
July 20, 2021

Debt to Equity: How To Calculate and Utilize

Even though you can find your company’s debt on its balance sheet, putting those numbers in perspective can help lenders and other institutions evaluating your... Read More
July 19, 2021

How to Make A Financial Plan for A Business In 14 Steps

A financial plan is a section of your existing business plan. Your financial plan should include financial statements indicating where your company stands currently... Read More

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1. We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, SmartBiz Bank and the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may impact your credit score.

The SmartBiz® Small Business Blog and other related communications from SmartBiz BankSM are intended to provide general information on relevant topics for managing small businesses. Be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed. Please consult legal and financial professionals for further information.