Press Release

What Is a Letter of Credit? A Guide For Small Business Owners in Colorado Running a business in Colorado often means managing relationships that stretch across borders—sometimes across oceans. Whether you’re importing specialty materials, purchasing equipment, or closing a deal with a vendor overseas, trust is key. But trust alone doesn’t pay the bills. That’s […]

Are Business Loans Tax Deductible? A Guide for Colorado Small Business Owners If you’re running a small business in Colorado, tax season probably brings a mix of stress and strategy. One of the more confusing topics, especially if you’ve taken out financing, is this: Are business loans tax deductible? Loans can be a smart way

Business Loan vs. Line of Credit: Which One is Right for Your Colorado Business? Whether you’re launching a new venture or expanding an existing operation, getting the right kind of financing can make all the difference. For many Colorado business owners, it comes down to two common options—business loans or lines of credit. But how

Why Financial Literacy Is Essential for Business Owners in Colorado It is not easy to point out a single key factor that will help drive a small business in Colorado toward the path of success. However, most experts will suggest that financial literacy is a critical tool for driving long-term business success. Understanding how each

Understanding the Differences Between a Term Loan vs a Line of Credit For small business owners in Colorado, there are multiple funding options available at hand. However, a line of credit and term loans are two of the most preferred external financing options. So, if your business is going through a cash crunch, which is

Cost of Debt Formula: How to Calculate the Cost of Debt  As a small business owner in Colorado, you know that borrowing money is both inevitable and essential. You need working capital to get your business off the ground, grow it to new heights, or sometimes just to steady your cash flow during tough times.