While we face the impact of the Coronavirus (COVID-19), priorities and importance are on the health and safety for everyone. To ensure we can continue serving our small business communities, Breakout employees are following the government guidelines and precautions to continue our operations and serve you. This includes social distancing…
COVID-19 Information and Links
5 Ideas for Improving Cash Flow
Guest post by FINSYNC. Healthy cash flow is key to keeping your doors open and your employees paid. It’s also one of the primary factors that lenders are looking for when you apply for a small business loan. An alarming amount of profitable businesses end up failing because they run out…
Understanding Your FICO and Business Credit Scores
Personal credit scores are perhaps the most important numbers in the life of the average American. This number is used to measure how likely you are to repay your loans and how quickly. Credit scores, the most popular of which is FICO, range from 300 to 850 and are provided…
Making Sense of Loan Cost Metrics
This is a guest post by Grant Olsen, Lendio. Navigating the world of business loans is often difficult because disclosures can vary widely from lender to lender. When pricing metrics approach things like APR and factoring differently, how can you be expected to make an informed decision? It’s like trying…
Securing Working Capital While the SBA Remains Closed
If your small business needs working capital until the SBA re-opens or if you simply want to better understand your funding options, schedule a free Breakout Business Review to determine if online lending is right for you. Amidst the longest government shutdown in US history, small businesses across America continue…
How to Protect Your Small Business Against Scams
This is a guest post by Rebecca Lake, Lendio. Consumers frequently fall victim to fraud and scams but businesses are also at risk. Scams involving small businesses result in financial losses of approximately $7 billion annually, according to a 2018 report from the Better Business Bureau and Federal Trade Commission….
How to Check Your Credit Score for Free
This is a guest post by Jeff Gitlen, Lendedu. When it comes to your financial life, your credit score is very important. In the United States, credit scores are used to judge your creditworthiness and your financial trustworthiness. That means lenders use your credit score to decide whether to approve…
A Small Business Owner’s Guide to Local SEO
This is a guest post by Milan Vracarich, Lendio. When smart entrepreneurs work on a business task, they think about a number of things, including the return on investment. When it comes to your business’s online presence—whether you have a digital storefront or a brick and mortar location—it’s important to…
Customer Spotlight: Right Electrical Services
Co-owner Angela Rose shares Right Electrical’s story on how their slogan, “Do it the Right way”, has helped them separate from the competition and how partnering with the right lender has helped them grow their business. When did you start Right Electrical Services and what was your motivation behind starting…
FactorAdvantage – Added Value to Our Partners
At this year’s joint factoring event co-hosted by the New York Institute of Credit (NYIC) and the International Factoring Association (IFA), panelist Ed Stucky, President, CEO of Republic Capital Access, shared how his firm has overcome some of the barriers in winning new business with FactorAdvantageSM. To listen to Ed talk…
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