Mike Price

MichaelToddPrice

NUMBER OF PUBLICATIONS: 57 | LAST PUBLISH DATE: 05-18-2022

Summary

Mike Price has worked with small businesses in banking and accounting capacities for the past six years. He specializes in bookkeeping, projected financials and debt restructuring.

Mike's Recent Articles

• How Veterans Can Find Small Business Loans
  May 18, 2022
  Many veterans pursue the idea of starting a new business, but funding the business becomes a real issue. Here are six types of small business …
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• Should You Go to the SBA for CRE Loans?
  May 18, 2022
  If you are in the market for commercial real estate (CRE), here are the pros and cons of using a conventional loan or an SBA …
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• What You Need to Know About the SBA SOP
  May 18, 2022
  The SBA SOP is a document that lenders use to underwrite and originate SBA loans. Here we detail several questions you should consider before applying …
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• How a Bank Underwrites Your SBA Loan
  May 18, 2022
  Underwriting an SBA loan isn't a simple and straightforward process. From the bank's perspective, we outline what documents you need and how to prepare.
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• How to Use Your Accounts Receivable to Get Cash Now
  May 18, 2022
  Accounts receivable financing is when you use the balance to secure a short-term business loan. Here are the pros and cons of accounts receivable financing.
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• How to Get a Business Term Loan
  May 18, 2022
  The three types of business term loans are conventional, hard money, and government guaranteed. Learn how to apply for a business term loan in five …
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• How to Finance Your Next Equipment Purchase
  May 18, 2022
  Equipment financing allows you to arrange leasing terms for the life of the asset. Here are three common eligibility requirements for equipment financing.
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• How to Use the Government to Your Advantage With Small Business Loans
  May 18, 2022
  Today, you can access PPP, SBA, and USDA government loans. Each program has its own set of rules. Here are the requirements to secure one …
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• How to Get Your PPP Loan Forgiven and Apply for a Second One
  May 18, 2022
  The Paycheck Protection Program (PPP) offered pandemic relief to small businesses. Now, you can get your first loan forgiven and apply for a second. Here's …
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• How Do 504 Loans Work?
  May 18, 2022
  An SBA 504 loan provides financing to purchase fixed assets for expansion or modernization. Find out if you're eligible and how to apply for a …
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• What You Need to Know About SBA Express Loans
  May 18, 2022
  An SBA Express loan can be accessed quickly and can be used for various different things. Here are the pros and cons of using an …
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• Should You Pay Off an SBA Loan Early?
  May 18, 2022
  Depending on your loan covenants, cash position, or interest rate savings, you may want to payoff your SBA loan early. Here’s how you can pay …
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• How to Use a Business Line of Credit
  May 18, 2022
  If your business is having cash flow problems, you may still qualify for a line of credit. Learn how to use a business line of …
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• How to Get a Short-Term Small Business Loan
  May 18, 2022
  A short-term business loan can be what your business needs if you run into a one-time liquidity crisis. We cover the pros and cons of …
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• How Do Unsecured Business Loans Work?
  May 18, 2022
  An unsecured business loan can come in the form of SBA, lines of credit, credit cards, and merchant cash advance. Here are the pros and …
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• How to Know if You’re Ready for Entrepreneurship
  May 18, 2022
  Wealth rarely falls into one's lap; you have to go out and build it. Here are four things to keep in mind if you want …
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• An Interview With the Owner of a Service-Disabled Veteran-Owned Small Business
  May 18, 2022
  Rusty Hansen runs a Service-Disabled Veteran-Owned small business in Ogden, Utah. He shares the story of how he started and what it has been like …
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• Should You Get a Loan to Fund Your Startup?
  May 18, 2022
  Is your startup in need of cash? Explore a small business startup loan. Here are a few places you can try, as well as the …
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• SBA Collateral Discount Rates
  May 18, 2022
  The SBA discount rate considers the age of the collateral, ease of resale, and how well the collateral maintains value. Learn how it can affect …
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• How to Juice Your Cash Position With a Working Capital Loan
  May 18, 2022
  A working capital loan can be used to pay yourself, reduce the cash conversion cycle, and make payroll. Here are five types of working capital …
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• Venture Capital Funding: Essential Things to Know About Venture Debt
  May 18, 2022
  Venture debt is an alternative form of raising capital without giving up ownership in the company. Here are the three types of venture debt that …
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• How to Start a Business With No Money
  May 18, 2022
  Starting a business with no money is not a likely scenario that will work. Instead, here are a few strategies to raise money and get …
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• 7 Skills You Need to Be an Entrepreneur
  May 18, 2022
  Are you interested in pursuing a career as an entrepreneur but not sure if you can do it? Here are seven entrepreneurial skills you should …
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• A Beginner's Guide to Business Models
  May 18, 2022
  Planning on starting a business but not sure which business model to use? Here are eight types of business models that will achieve a return …
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• When to Start Series A Funding
  May 18, 2022
  After an initial seed round of raising funds from angel investors, you're ready for series A funding. Here are the pros and cons of using …
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• How to Get a Small Business Loan With Bad Credit
  May 18, 2022
  Small businesses with bad credit can find it difficult to secure a small business loan. Here are three steps you can take to get a …
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• How to Get an SBA Loan
  May 18, 2022
  Small businesses that normally would not qualify for a bank loan should consider an SBA loan. Here are the minimum loan requirements for getting an …
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• How to Find Rural Small Business Grants for Your Business
  May 18, 2022
  A rural small business grant can help business owners in rural areas get access to funds they don't have to pay back. Secure a grant …
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• How to Find an Angel Investor
  May 18, 2022
  Angel investors are wealthy individuals that invest in businesses not yet ready for venture capital. Here are the pros and cons of having an angel …
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• 5 Tips to Pitch Investors for Seed Funding
  May 18, 2022
  Seed funding is used to build models of your product and start building an effective team. Here are five tips to help you pitch investors …
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• How Do You Get a Loan From an SBIC?
  May 18, 2022
  SBIC funds are for businesses that can't get bank loans because they don’t have the assets to pledge. Find out if your business is eligible …
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• Sales Tax: Do You Need to Charge It?
  May 18, 2022
  Most states require retail businesses to collect sales tax to help generate revenue for the state. Learn how to collect, report, and pay your sales …
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• Private Equity vs. Venture Capital: Which Should Your Business Target?
  May 18, 2022
  Private equity and venture capital firms are investment companies that seek opportunities with different investment parameters. Here are the key differences.
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• What Is a Limited Partnership Agreement?
  May 18, 2022
  A limited partnership agreement shields you from potential liabilities of the business, but you must remain passive. Here are three benefits of one.
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• Should You Seek Corporate Venture Capital Financing?
  May 18, 2022
  Many startups need strategic investors when raising capital. That's when big corporations become a good fit. Here's how corporate venture capital can help.
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• What Is a Lead Investor and Why Do You Need One?
  May 18, 2022
  The lead investor steps in to lead the investment round and attracts other VCs to participate in the deal. Learn how to attract a lead …
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• How Do Venture Capitalists Get Paid?
  May 18, 2022
  Do you ever wonder how venture capitalists get paid? They receive the carry and management fees for running the VC fund. Learn how venture capital …
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• How Do You Value a Startup?
  May 18, 2022
  Finding the startup valuation of a business is a highly contested item when raising venture capital. Here are five ways to estimate the value of …
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• How and Why to Value a Business
  May 18, 2022
  It's a good idea to know the value of your business in case you want to sell (or to know your net worth). Here are …
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• What Does Post-Money Valuation Mean?
  May 18, 2022
  Post-money valuation refers to the value of the company after receiving investment. Learn how to calculate it and the five benefits of a post-money valuation.
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• How to Calculate Your Pre-Money Valuation
  May 18, 2022
  Pre-money valuation is the value of the company prior to receiving any financial investment. Here are a few things to consider before valuing your company.
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• How to Read Your Term Sheet
  May 18, 2022
  The term sheet outlines the terms by which an investor will make an investment in your business. Here we detail its contents and why it's …
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• A Beginner’s Guide to Venture Capital
  May 18, 2022
  Entrepreneurs looking to raise funds for their startup might want to consider venture capital. In this guide, we outline how it works at each stage.
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• How to Write Off Travel Expenses
  May 18, 2022
  If you travel for business, it's probably a good idea to keep track of your business expenses. Learn how to deduct your business travel expenses …
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• How to Submit an FBAR Form
  May 18, 2022
  Individuals or businesses with a foreign bank account balance that exceeds $10,000 must file an FBAR. Learn what situations are excluded from filing an FBAR.
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• How to Register a Single-Member LLC
  May 18, 2022
  A single-member limited liability company (SMLLC) protects your personal assets from any business liabilities. Here are four reasons to form an SMLLC this year.
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• Can You Use the Home Office Deduction This Year?
  May 18, 2022
  If you’re working from home, you should consider using the home office deduction to cut your tax bill. See if you qualify, and start taking …
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• The Ascent Guide to the Schedule K-1
  May 18, 2022
  The Schedule K-1 is a tax form used to help business owners file their personal income taxes. Learn how banks use it and how to …
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• How to Get Your EIN With an IRS Form SS-4
  May 18, 2022
  IRS Form SS-4 is used to apply for an Employer Identification Number (EIN). Here are five steps to help you complete the form and easily …
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• How to Complete IRS Form 941
  May 18, 2022
  Businesses need to file Form 941 if they have employees and withhold income taxes. Learn when the filing deadline is and how to complete it …
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• How to Prepare and File W-2s
  May 18, 2022
  The W-2 form shows the income your employees made over the last tax year. In this guide, we explain what it is and how employers …
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• How to Complete and File Your 1099-NEC Forms
  May 18, 2022
  If you use independent contractors, you'll need to fill out the year-end 1099-NEC form. The Ascent goes through how to fill out and send the …
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• Tax Forms for Sole Proprietors
  May 18, 2022
  As a sole proprietor, you're responsible for filling out certain forms when you file taxes. The Ascent covers what tax forms you'll need to file …
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• The Ascent Guide to Tax Shields for Small Businesses
  May 18, 2022
  Learn to increase your cash flow by using tax shields to reduce net income. The Ascent explains how your small business can shield income from …
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• How to Find Your Business’s EIN
  May 18, 2022
  If you've recently launched a new company and seem to have misplaced your business EIN, here's how to find it. The Ascent offers a primer …
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• How to Complete and File Your Business Tax Return
  May 18, 2022
  Intimidated by the prospect of paying taxes for your small business? Don't be: The Ascent walks you through how to prepare and file your business …
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• How to Calculate and Report Medicare Tax
  May 18, 2022
  Medicare works by collecting pay during your working years for use when your older. The Ascent goes through how small businesses report Medicare tax.
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