Understanding how much working capital you have on hand to pay bills as they come due is critical to the success of an organization. Focusing only on profit does not necessarily result in a healthy ...
Business owners can turn to a variety of financing options and grants to make their project a reality. The trick is knowing which option is right for your business—and how to get approved. These ...
It is operated by a single general partner with unlimited liability, supported by other “limited partners.” The single general partner gets a bigger share of the earnings in exchange for increased ...
Financial statements offer a holistic picture of the value and profitability of your company to inform smart business decisions, help you access loans and attract investors. Discover how to track and ...
Business incubators work with early-stage companies to get them to move beyond their embryonic phase. They provide support and coaching for new businesses that have a promising idea, as well as for ...
Know where you want to take your business, but aren't quite sure how to get there? Learn how to build and implement a solid strategic plan so that you have a clear roadmap for reaching your goals.
As a young entrepreneur, you have what it takes to make it in business: Passion, drive, energy, and creativity. And at BDC, we also understand the common challenges that you face. That’s why we’re ...
This checklist will help you prepare your documents and conduct research before applying for a loan. Good preparation will boost your credibility with your bank and make it easier to get financing. We ...
Choose from a full range of financing options such as mezzanine, cash flow and quasi-equity financing—all designed to keep vital cash flow in your rapidly-growing company, without diluting ownership.
The financial plan is used to project your revenues and expenses for the coming months. It allows you to plan for lower cash flows, identify your financing needs and determine the best time to get ...
Black entrepreneurs are making a significant contribution to our communities and our economy, yet they face unique barriers that prevent them from achieving their full potential. BDC is here to help.