Articles by Melissa Wylie
Employer Identification Number (EIN): Who Needs It and How to Find It
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An Employer Identification Number (EIN) is like a personal Social Security number for businesses, helping the IRS track their activity. It’s essential for business owners... read more
How to Write a Business Plan
November 18, 2022
Writing a business plan illustrates how you’ll turn an idea into a profitable venture, breaking down each step along the way. A business plan provides... read more
Understanding the Confession of Judgment (COJ)
November 18, 2022
A confession of judgment (COJ) is a legal agreement that, once signed, indicates a borrower accepts liability for their loan, waiving all legal defenses if... read more
What Is a Factor Rate and How Do You Calculate It?
November 18, 2022
Factor rates are used to calculate the cost of certain business financing products, such as merchant cash advances. Factor rates are written as decimal figures... read more
How to Understand a Business Loan Agreement
November 18, 2022
The purpose of a business loan agreement is to document that you’re borrowing money from a lender, whether that be a bank, family member or... read more