Definition Current liabilities are financial obligations and debts that a company is expected to settle within one year or within the normal operating cycle of the business. What are current liabilities? This type of liabilities represent the portion of a company’s liabilities that are due in the short term. Common examples of current liabilities include: […]
Definition A credit facility is a financial arrangement between a lender and a borrower that provides the borrower with access to a predetermined amount of money or credit for a specified period. What is a credit facility? A credit facility serves as a flexible source of funding that a borrower can draw upon as needed, […]
Definition A cash advance refers to a financial service provided by banks, credit card companies, and some other financial institutions. It allows cardholders or account holders to withdraw a specific amount of money from an ATM or a bank branch using their credit card or debit card. What is cash advance? A cash advance is […]
Inventory financing Inventory finance can take the pain out of stocking up and protect your working capital. Buy now. Let future sales cover the cost. Get a quote 90% of SMEs face a cash crunch at least once a year – and paying for inventory that takes too long to sell is a prime cause […]
Definition Working capital refers to the capital that a company uses in its day-to-day trading operations. It is the difference between a company’s current assets and current liabilities. What is working capital? Here are some key points about working capital: 1. Current assets: – These are assets that are expected to be converted into cash […]
Definition A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point in time. It presents a summary of the company’s assets, liabilities, and shareholders’ equity, showing how these elements are balanced or equal. What is a balance sheet? Here’s a breakdown of the components found […]
Definition The debt-to-equity ratio is a financial metric used to assess the proportion of a company’s debt relative to its equity. What is a debt-to-equity ratio? This ratio provides insights into how a company is financed, indicating the extent to which it relies on borrowed funds versus funds invested by its owners (shareholders). To calculate […]
A business without bookkeeping is a business risking failure. Bookkeeping builds the financial records that are essential for success, provides order and structure to business performance, and gives business owners and managers clear sight of how well their business is working. What is bookkeeping? Bookkeeping is a vital role for the smooth functioning of a […]
Acquire a business Acquiring a business can feel like a minefield – there are so many things to consider. At Swoop, we get it. That’s why we’ve broken it down into these simple steps so you have everything you need to know about acquiring a business, how to conduct due diligence, and where to find […]
SBA line of credit What is your cash goal? How much funding do you require? attach_money What is your annual revenue? attach_money How old is your business? How old is your business?0-6 months6-12 months1-2 years2-5 years5+ years Full name Email Contact number Send me updates on products, news and information on selected partners. By submitting […]
Business refinancing and debt consolidation Page written by Chris Godfrey. Last reviewed on February 26, 2026. Next review due October 1, 2027. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing […]
Mezzanine finance Page written by Chris Godfrey. Last reviewed on March 2, 2026. Next review due October 1, 2027. Chris Godfrey Expert financial copywriter Chris is a freelance copywriter and content creator. He has been active in the marketing, advertising, and publishing industries for more […]
Business loans for a food truck Think of street food and you think of delicious dishes served for immediate consumption with just the sky above your head. Get a quote Fast-food served outdoors is big business in the US and king of the street food industry is the food truck – a mobile kitchen selling […]