Financial institutions across the U.S. this week celebrated small businesses in a big way -- offering grants from $10,000 to $100,000, holding seminars, and touting their service and commitment to those firms considered to be the backbone of the U.S. economy.
This is National Small Business Week. It has been so designated by the SBA. Our question is whether this week should be a time to celebrate accomplishments or to reflect on the work that remains to be done to continue to level the playing field for small businesses.
To round off National Small Business Week, we're looking at ways small business owners and entrepreneurs can get a leg up on short-term funding and beginning capital. All online, and fast.
If there's broad agreement that small businesses are the engine that powers the American economy, shouldn't it be easier to fuel the tank?
Business credit is an area first-time business owners tend to overlook. If your business sells to other businesses or wants to get credit, it's important to ensure that your business credit information is in good standing.
Here are 6 ways businesses can optimize their chances of receiving an SBA loan.
Studies show locally owned businesses are a primary source of net new job creation. Yet independent businesses in many sectors are losing market share, while the number of new startups has steadily fallen over the last two decades. Insufficient capital is a key culprit driving these trends.
if your application sends up major red flags, the banks you apply to are likely to say no, even if they agree that your business has great potential. Many factors go into assessing credit risk, but the top three leading to turn-downs are ...
With such a low percent of net interest margin, the best possible outcome on a loan for these money making lenders is to get paid back all of its principal and make a small spread on the interest.
All options for loans have both positives and negatives, as an entrepreneur or small business owner you need to select the option that best aligns with both your long term and short term goals. Explore all possible options and don't ever let funding be a reason that a great idea doesn't come to life.
It's up to the next SBA Administrator to champion America's small businesses, keep the ball rolling, and make good decisions that will improve the SBA and do more to help small business owners succeed, grow, create jobs, and help our economy continue its recovery. Who will be the new face of the SBA?
We all know about crowd funding, but there are several sources of capital that are rarely discussed: revenue-based loans and asset-based loans. Both types of loans are similar to venture capital in that they work best with companies that have demonstrated potential for strong future growth.
For most entrepreneurs crowdfunding is not just an option anymore. It is a necessity. And as we all know, necessity is the mother of invention. Stay tuned.