Credit is extremely important. It helps many aspects of your business, especially with cash flow. But the differences between Personal and Business credit are numerous, and when thinking about using your personal credit to help your business, you should think twice before acting. Personal Risk Associated With Business Performance When [...]
Navigating your own personal financial world is a tough task. Not to mention keeping your business’s finances in order being an exponentially more complicated endeavor. What about the changing financial world around you and your business? When the federal government changes its approach, it affects many different aspects of overall [...]
“It all started about three years ago,” said Ryan, owner of APEX Directional Drilling, LLC. That’s when he discovered his passion and skill for horizontal directional drilling. Ryan’s career began like many, working for various operators, sometimes handling the process from bid submission all the way to billing. That’s [...]
Personal Financial Statements are vital to the success of a loan application. The key to making it easier to set up is to get one now and routinely update it as time goes on. If you don’t have one, now is a great time to start, that way you can [...]
In conjunction with having accurate and detailed personal financial statements, a lot goes into the decision to provide financing to a potential client. Oftentimes, your business is doing the right things to be successful in your industry, but one or two things can hold you back from getting the financing [...]
The thought of ownership may seem attractive but depending on your situation, it may serve your bottom line better if you can resist that urge and lease the equipment you need instead. Leasing equipment instead of purchasing it can free up capital which can then be used in other [...]
Your business is successful. It’s bringing in clients, retaining them and business is running smoothly. That means business could be growing or expanding, so is your company ready to grow? Sure, you can hire more team members or expand your offerings, but from a fundamental business standpoint, how can your [...]
Sometimes, your business is poised to make a change, whether you see it coming or your market pushes you along the way. Citrus Systems, a juice processing facility based out of Hopkins, Minnesota is one of those companies that knew it needed to pivot some of its operations. Tom Boehland [...]
What is a person or company without values? At KLC Financial, we stand apart thanks to our great staff and our core values that guide our relationships and our actions every day. In this blog, we’re going to share a bit about those values that are at the heart of [...]