Here are the key growth factors to consider for the health of your small business.
Get smart about growing your small business with these key tips.
Do you know the third party reported information that exists on your business, such as any existing Liens, Lawsuits and your Business Standings, such as BOIR filing? Most small businesses don't know what's being reported about them, which affects their ability to obtain better terms for their small business as well as small business loans and funding.
Are you aware of any adverse actions on your business such as a small business lien or small business lawsuit? This information can take time to find out and uncover and be confusing. At Palm, we remove the chaos out of small business ownership with Palm Profile so you have access to all of the reported information on your business, including adverse actions such as liens and lawsuits on your small business.
Your cash flow over time is a good predictor for lenders looking to lend you a small business loan or funding. Your payment patterns also matter, and can get you better rates and terms on your biggest business expenses which could save you thousands of dollars.
Get full visibility to all of your business accounts in one place when you connect your accounts and claim your Palm Profile today. Receive 24/7 access to the most complete & verified source of truth for your small business.
How much debt your business has is also a consideration for business health and growth. Your debt-to-income ratio is important and how you use your funds to grow your business ultimately matters over time. Keeping up with loan payments will also affect your ability to get further lending down the road such as a small business loan or other type of funding, so keep up with your payments.
Using AI can help automate many tasks such as monitoring information in your Palm Profile for changes, alerting you of cash-flow based insights or when your policy is up for renewal. Palm is here to remove the chaos out of small business ownership and deliver peace of mind and prosperity to small business owners. AI can save you time and money by automating the tasks you once would spend hours on manually such as autofilling forms and obtaining the reported information on your business. The AI technology we use is in service of this.