Why Small Business Owners Should Consider Hiring an IT Professional
Every company big or small is at risk of being hacked. Small businesses are often at a greater risk due to the lack of a security policy. Take a look at these general small business cyber security statistics from SmallBizTrends: 43 percent of cyber attacks target small business. Only 14 percent of small businesses rate their ability to mitigate […]
How Mom and Pops Can Manage Cash Flow with Business Financing
Since its founding in 2008, Reliant Funding has funded well over $1 billion to American small businesses, a majority of those being family owned and operated. The very existence of these businesses has an enormous impact on our economy. Mom and Pop businesses are powerful. They generate 62 percent of the country’s employment and account […]
Advantages of Inventory Financing for Small Businesses
Managing inventory can be much more complicated than stocking shelves and selling merchandise to customers. The main issue small business owners face is the fact that their merchandise is generally purchased with cash from the business up front, tying up cash flow. They need to keep capital reserves and business lines of credit available for […]
Bringing Corporate Marketing to Your Small Business
In 1960, Harvard Professor Theodore Levitt wrote: “In business, the followers are the customers. To produce these customers, the entire corporation must be viewed as a customer-creating and customer satisfying organism. Management must think of itself not as producing products but as providing customer creating value satisfactions. It must push this idea (and everything it means and […]
Customer Success Story: Arnold’s Place Assisted Living Facility
Arnold’s Place Assisted Living uses Reliant Funding small business loan to upgrade facilities in Peoria, Arizona. With 60 years of combined experience in nursing and physical therapy, Arnold and wife Yvette Harraway opened an assisted living facility, Arnold’s Place, in 2006. As a leading provider of licensed assisted living for spinal cord injury care in […]
4 Things to Consider before Buying Equipment for Your Small Business
Small and mid-size businesses often operate with smaller budgets and narrow margins, and so making the right investment for new equipment is an important strategic decision. Because equipment represents such a major expense, as a business owner, you’ll need to assess a few things before moving forward with a purchase. Here are some factors to […]
21 Ways to Create an Emergency Cash Reserve for Your Small Business
One of the most difficult challenges faced by small business owners is having enough excess cash or liquidity to protect their business from the unexpected. Issues from equipment that stops working, adverse weather events, slow sales cycles, competition, reduced demand for products and services, etc., the small business owner needs to be prepared for adverse […]
Reliant Funding Customer Spotlight: A Woman’s Touch Home Services LLC
Reliant Funding delivers a customized funding solution for a landscaping/home service business to keep up with growing client demand. Let owner Heather Kelly tell you how Reliant supported her business with the working capital she needed. Tell us about your business. “A Woman’s Touch is a full-service home improvement company based in Granby, Connecticut. I’ve […]
5 Ways Small Businesses Should Build Employee Loyalty
Employees are a huge part of the fabric that creates a successful business. For small businesses, solid employee loyalty gives a competitive advantage over bigger businesses competing in the same industry. There is a real opportunity to personally affect more loyalty and employee retention on a smaller scale which may be harder to do in […]