Working capital is the day-to-day driver of every small business. When you have enough cash on hand, you can hire more, produce more, take on more jobs, and pay less for supplies. Summit Financial Resources offers working capital loans for small to medium-sized...

For many small businesses, September marks either the end of the busy summer season or the ramp-up to the make-or-break holiday season. If you generate the bulk of your revenue during specific times of the year, it is important to have a strategy to ensure sufficient...

With hurricane season in full swing, many businesses are well prepared to literally weather the storm. However, disaster can strike anywhere and at any time – which means every small business owner should have a plan for dealing with major catastrophes. While it might...

There are numerous ways to manage cash flow in order to keep your business growing. Invoice factoring uses your receivables as collateral, letting you harness the latent cash in your unpaid invoices. The process is simple: a factor gives you a line of credit using...

September is a time of transition, bringing with it a change of seasons and a return to school for students of all ages. For business owners, the post-Labor Day period often feels like a new beginning, an opportunity to shift gears and refocus with renewed energy and...

1 – Labor Day originated in the late 19th century, at a time when labor unions were gaining prominence in the U.S. 2 – Back then, the average American worked 12-hour days and seven-day weeks, and children as young as 5 and 6 years old worked in factories and mines. 3...

Although communication is far more complex than it was just a decade ago, it remains a fundamental component of small business success. When executed effectively, communication can increase productivity, resolve issues with clients and vendors, and encourage...

In 1973, the U.S. Congress designated August 26 as “Women’s Equality Day.” The date was selected to commemorate the 1920 certification of the 19th Amendment to the Constitution, granting women the right to vote. The observance of Women’s Equality Day not only...

With so many financing programs on the market, finding one that meets the specific needs of your small business is no easy task. Small business owners need to invest the time and effort to understand the options available to them in order to make the right choice to...

Running a small business comes with inherent risks. Whether it’s a flood that destroys property, a customer filing a lawsuit, or an employee who gets injured on the job, it’s important to protect your company and personal assets with business insurance. Insurance may...