Feb 26, 2019 | Business Financing
Tax administration is complex, time-consuming, and expensive for many small businesses, diverting resources that could be directed towards improving operations and generating growth. Statistics show that one in three small businesses spend more than 40 hours each year...Read more
Feb 25, 2019 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION In business for 50 years, this 2nd-generation family-owned job shop has specific expertise building specialized metal housings for electrical systems. Their recent rapid growth resulted in an increased need for working capital, which could not be...Read more
Feb 25, 2019 | Asset Based Financing, Asset Based Lending, Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION When a large staffing company needed funding in less than a week, Summit came through. This company provides translators and other services for the U.S. Government overseas. Their quarterly bonuses were due, but the company’s funding source was...Read more
Feb 21, 2019 | Business Financing
Spring training season is officially underway; and for baseball players and fans, it represents a time of year when the playing field is level for every team and anything is possible. For many small business owners, the first few months of the year may also be ripe...Read more
Feb 19, 2019 | Business Financing
Small businesses come in many shapes and sizes—so do their offices. Contemporary workplaces have become more diverse and creative in terms of layout and design, which can make it challenging to decide on a style that best suits your company’s workflow, culture, and...Read more
Feb 14, 2019 | Business Financing
Why is it that nearly 600,000 new businesses are started each year? There are plenty of reasons why entrepreneurs strike out on their own, ranging from personal fulfillment to giving back to their community. At Summit Financial Resources, we believe that running your...Read more
Feb 12, 2019 | Business Financing
At Summit Financial Resources, we see cash as the lifeblood of any small business and the key indicator of financial health. Cash flow is necessary for everything from purchasing inventory and meeting payroll to paying taxes and keeping daily operations humming. Many...Read more
Feb 7, 2019 | Business Financing
Every business has occasional cash flow problems. This can happen no matter the size or health of your company or the industry you operate in. For many small businesses, fluctuations in income, supply costs, and market conditions can result in inconsistent cash flow....Read more
Feb 5, 2019 | Business Financing
No matter the industry, emerging technologies continue to reshape how businesses operate. Whether expanding their consumer base, improving operating efficiencies, or increasing customer or staff engagement, small business owners can now employ technology that, as...Read more
Jan 31, 2019 | Business Financing
The Tax Cuts and Jobs Act (TCJA) passed in December 2017 made significant changes to the income tax laws for 2018 and beyond. The new legislation introduced some major adjustments to business tax law, including a lower corporate tax rate, new rules for pass-through...Read more
