Maybe you’re already familiar with the debt-service coverage ratio, or DSCR. If not, it’s worth learning about because you can use it to prove that your finances are in order. Finding your DSCR — which is the measure of your business’s cash flow versus its debt obligations — is helpful for several reasons. First, it can help you evaluate your business’s finances. By understanding your DSCR, you can identify what you’re currently doing well while also identifying areas for improveme...
Computers and software · Printers, copiers and fax machines · Industry-specific manufacturing equipment · Vehicles
Self-service toolkit ; Customer Checklist ; Chase Mobile ; Paperless ; Account Alerts ; Profile & Settings ; Payments
SBA 7(a) loan program: Maximum loan amount of $5 million · Lenders and borrowers have the option to negotiate the interest rate · Flexible loan terms · Helpful for business expansion, start-up costs or general cash flow management
A bounced check is a real headache for both the payer and the payee. That’s where cashier’s checks may help. Unlike ordinary checks, a cashier’s check is backed by the funds of the financial institution issuing it, rather than the payee. This makes cashier’s checks unlikely to bounce. For this reason, some important transactions might call for cashier’s checks instead of personal checks. So, what is a cashier’s check? Cashier’s checks, a.k.a. official checks, come with added layers of security that can help make payments safer and ...
Why is business credit important? ; Imagine you are looking to grow your business. All you need is a bigger space or an essential piece of equipment. How do you get the capital to seize the opportunity? You’ll probably need to borrow it. And to borrow, you’ll need credit. Having access to credit also gives your business flexibility to maintain cash flow and to ride the ups and downs of running a business. Profitable businesses sometimes close because they don’t have enough cash for day-to-...
Financing purchases. A credit card can help you finance things that you need to run a successful business, from equipment to office supplies. As a new business or startup, you may not have the cash right away, especially for some of the bigger purchases needed to help run your business. Simplifying expenses. If you have employees helping with business-related purchases or who are traveling for work purposes, having a company credit card for employees to use can help streamline expenses. ...
Starting a business is exciting! You have an idea and you can't wait to share it with the world. But with this excitement often comes the need for financing. Business expenses can add up quickly and you might be thinking about a way to cover your startup costs or sustain steady growth. One popular way to access financing relatively quickly is through a business credit card. Business credit cards can be a helpful way to kickstart growth by providing access to credit. This credit may allow you to invest in the systems, equipment and people you ne ...
SBA loans help business owners access funding at a crucial early stage in their companies. Once you’ve decided which type of Small Business Administration (SBA) loan you’re ready to apply for, it’s time to assemble the right documents and materials to submit. The business loan application process is like that for other bank loans, with a few additional forms. This article will explain step by step the nuances of SBA loans. The SBA’s website has an online tool for finding lenders accordin...
Construction machinery and equipment giant Caterpillar recently hosted the first major national summit on infrastructure restoration, with the clarion call that investing in nature is smart business. In the room was Matt Arnold, Global Head of Social and Sustainable Finance at JPMorgan Chase. Arnold said he was looking for deals and that “smart failure is okay.” · Arnold is not your usual banker. Prior to Joining JPMorgan Chase he was Principal and lead of Sustainable Business Solutions at...