Whether you had to find financing for a mobile phone dealer business, a motel, a food franchise, or some other business, once you have secured your funding you will need a way to manage it. This is not so hard to do from an office, but who sits in an office anymore? Most of us, especially entrepreneurs, work on the go thanks to the miraculous invention of mobile technology. How do you manage small business financing on the go?
Take the Plunge into Online Banking
Most banks these days have a mobile app, and you can track all of your accounts, including small business loans, from there. You can even make payments, draw from a small business line of credit, and make transfers right from your mobile device. Be certain to set a code on your device so that is locks after a certain amount of time, and research options for logging out of banking apps remotely should you ever lose your device.
Debt Tracking App
Download a debt tracking app. There are tons available, some for free or very reasonable, that can help you stay on top of things. Take the time to research what is available on your device, compare its capabilities with your needs, and be certain you get one that is a good fit for you. They can take a little time to set up, and it is worth it, but you do not want to have to do it all over because you found out too late the one you are using doesn’t really work for you.
In addition to a debt tracking app, consider using a budgeting app. One that will connect with your bank accounts and your debt tracking app is even better. Set you budget and stay ahead of the game, while still being able to zero in on debt in the debt tracker. A good budgeting app will let you see a clear picture at a glance and help you know where you stand with debt and otherwise financially, wherever you are.
The world is running at super speed and small business owners have to keep up. Mobile devices are one way we do that. If you are seeking new small business financing, Biz2Credit can help as well. We have an extensive network of lenders that can help you get the small business funding you need. Visit Biz2Credit.com today for more information.