Buy now, pay later: Five business models to compete
Or, they may expect you to combine the grant with other forms of financing, such as a loan. Explore government-backed loans and funding programs for your business. Black-owned firms are less likely than white-owned firms to be approved for financing at banks, even taking into account firm characteristics. The business plan provides focus and direction, sets goals, anticipates actions, keeps score, and helps to sustain the business’s profitability and competitiveness in the marketplace.
- Almost all but the smallest businesses invest in some form of cloud accounting software.
- Credibly is a direct lender of working capital loans and merchant cash advances.