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The Slingshot Café

Multifunding_Slingshot_buscards_AVERY_BACK_PRINT READYOur blog, The Slingshot Café, is where CEO Ami Kassar gives valuable insights on the current small business trends and how they can impact your business. Read through our blog to learn more about small business loans, financing options and more.

 

How Business Owners Can Get Ahead of a Recession Curve

Posted on: February 07, 2019

Being financially prepared, ahead of the curve, for a potential recession enables you to weather the storm. In recent weeks, phone calls have been rolling in from clients and would-be clients having issues with their banks. Often, the banks are putting them in workout situations or are otherwise tightening their loans. As you might expect,

How to Handle Unexpected Conflict With a Business Partner

Posted on: January 31, 2019

You may not know when or why, but it is inevitable that you will disagree with your partners at some point. Learning how to diffuse a contentious situation is paramount to your companies continued success. No matter how successful you are, life’s always going to throw some curve balls your way. That applies to both your

Entrepreneurs Have to Learn to Live by the Numbers–Their Businesses Depend on It

Posted on: January 23, 2019

Numbers are the lifeblood of a business, and many of us obsess over them, and rightly so, but others need to take a more serious approach to maintaining them. We sometimes shoot ourselves in the foot with numbers. The trick is to be consistent with the knowledge your numbers provide. I recently met an entrepreneur

Small-Business Loans Are Being Held Up By the Government Shutdown. Here’s What to Do

Posted on: January 16, 2019

The federal government shutdown has claimed many victims–most notably the scores of furloughed employees–but its impact is being felt in other ways, too. Since the end of December, thousands of small and midsize businesses have not been able to get their loans processed by the Small Business Administration (SBA). The Washington Post reports that more than

How to Take Control of Your Business in 2019

Posted on: January 10, 2019

Even if you’re not a resolution person, a mental fresh start, a wiping the slate clean mentality can open your eyes to new possibilities. Being an advocate for entrepreneurs has proven to be a satisfying profession, but I’ve realized in the last year or so that I’m not always following my own advice — that

How to Financially Prepare Your Business for a Future Recession

Posted on: January 03, 2019

Now is a good time to consider your cash flow options. Is a recession looming? That’s a question you hear every day as the market careens down, soars back up, then flutters again. I’m not an economist, but you don’t have to be one to see there are some potential warning signs staring us in

How to Better Understand the Biases of Your Advisers

Posted on: December 27, 2018

Knowing how you should deal with what might be an overwhelming amount of advice, especially when much of it may be conflicting. Entrepreneurs frequently seek advice from all sorts of people–bankers, other entrepreneurs, financial advisers, lawyers, that know-it-all guy at the cocktail party and so on. That’s a good idea because no matter how smart/experienced

Being an Entrepreneur Take Guts. Here’s How to Know If You Have What It Takes

Posted on: December 19, 2018

Knowing your risk tolerance can act like an internal compass, guiding your business growth decisions. The common perception of an entrepreneur is of a swashbuckling type who doesn’t mind taking risks, is always willing to play a game of “chicken” and is comfortable going against the grain to succeed. I’ve met plenty of people who

Why Entrepreneurs Should Consider Obtaining a Line of Credit, Even When Business Is Good

Posted on: December 05, 2018

A financial safety net allows entrepreneurs to cushion speed bumps without paying a high price. Every business needs a safety net, but not all businesses can afford to have one set aside. To secure some form of insurance for your business, try obtaining a line of credit from a bank. Even if you don’t have immediate plans to

There Is Danger and Evil Lurking in Short-Term Cash Advance Loans

Posted on: November 30, 2018

Could your business be the next one to be chewed up? In the past week, a sad article appeared in Bloomberg that tells the story of how some lenders are taking advantage of an arcane New York law that, essentially, allows the lender to wipe out large amounts of money from a borrower’s bank account anywhere