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Posts by Kevin Payne

Banking 101

Best Alternatives to a Business Line of Credit

Looking for business financing but want to avoid a business line of credit? Learn about some options that may be better suited to your needs.
Business Building

How to Finance Equipment for Your Small Business

Financing equipment purchases can help your business stay competitive without tying up all of your resources. Get a deeper look into equipment financing to determine if it fits your needs.
Business Building

IRS Form SS-4: What It Is and How to Apply

If you're a small business owner or a solopreneur, at some point, you may need to fill out IRS form SS-4. We explain what it is, who needs one, and how to submit one.
Business Building

Best Alternatives to SBA Loans

We cover the pros and cons of SBA loans, plus 6 alternatives to SBA loans.
Banking 101

Does a Sole Proprietor Need an EIN?

As a sole proprietor, you typically won’t need an EIN. However, an EIN can provide multiple benefits, from easier tax filing to preventing identity theft.
Banking 101

EIN vs. ITIN vs. SSN: What's the Difference?

EINs, ITINs, and SSNs are all federal taxpayer identification numbers, but an EIN is for business taxes. Here's a deeper look at the key differences between all three.
Banking 101

Do I Need an EIN for my LLC?

Does an LLC need an EIN? It's generally a good idea. Here's how to obtain an EIN from the IRS, plus key reasons why an EIN benefits your small business.
Business Building

How to Adjust Your Prices for Inflation in 2022

Prices everywhere are on the rise, and your small business may need to follow suit to stay afloat. These are our top tips for how and when to increase your prices while maintaining customers.
Novo is a financial technology company, not a bank. Banking services are provided by Middlesex Federal Savings, F.A.; Member FDIC.