Insights into the world of small business lending and development

Blog

9 Little-Known Business Loan Fees Hidden in the Fine Print

Getting approved for a small business loan is an exciting moment. You finally have the capital you need to move the needle for your business—whether it’s capital to purchase a new piece of equipment, to finance a second store opening, or simply to cover your regular business expenses. After putting hours and effort into searching for and applying for a business loan, you might be tempted to just quickly review your offer, check the rates and terms, and sign on the dotted line. Not too fast—before you accept...

Is Your Cash Flow Ready for the Holiday Season?

You may not be trimming the tree just yet, but it’s definitely time to make sure your business is ready for the biggest shopping season of the year. From retailers to restaurants, the majority of small businesses will significantly boost their bottom line in Q4. According to a recent survey from Vistaprint, 75% of consumers indicated that they’re likely to do at least some of their holiday shopping with small businesses this year. Here’s a quick checklist to make sure you are ready to max...

Got Bad Credit? Don't Apply for a Loan Before You Ask a Few Hard Questions.

If you have bad credit, your financing options may be limited and expensive. If you hope to start or a grow a business, you'll need to learn how to judge the status of your credit score and why it matters to your lender. Even more important, you must explore realistic avenues to fix the problems with your credit history.

Women Entrepreneurs May Have More Obstacles to Endure, but There Are a Few Ways to Ensure Success

Entrepreneurship is rarely easy, especially as a female in a typically male-dominated business world. I recently had an opportunity to interview two highly successful business masterminds: Rachel Braun Scherl of SPARK Solutions for Growth, who has nabbed the title of "Vagipreneur" for her success in the female sexual health market, and Sarah Beane Ricca, VP and financial advisor for Morgan Stanley Wealth Management. Both women have sage advice about the practices and philosophies they live by to overcome female-related obstacles and obtain true success.

8 Lending Terms That Every Entrepreneur Must Know

If you’re just beginning your hunt for business financing, you’re likely knee-deep in unfamiliar terms and lending jargon. And it’s enough to make even the most eager entrepreneur feel overwhelmed. Don’t continue your search without reviewing a few of the essential terms you need to know to make an informed decision about financing your business. We’ve broken down eight must-know terms below.

10 great resources for women entrepreneurs

This year’s headlines are full of stories on technology’s “bro culture” and the gender imbalance in entrepreneurship and the tech world. For all the strides that women have made in starting businesses, a massive divide still exists between male and women founders: only 18 percent of startups have at least one female founder and only 16 percent of small bu...

What to Do If You Can’t Pay Back Your SBA Loan

You took out a U.S. Small Business Administration loan to grow your business and had every intention of repaying it. But you've experienced some hardships and sales are weak. You can't make payments and are now facing an SBA loan default, which would likely spell doom for your business. This situation isn't uncommon: 1 out of 6 SBA 7(a) loans issued from 2006 through 2015 weren't paid back, with the average failing loan taking close to five years to reach the default status, according to a recent ...

7 Avoidable Mistakes You're Making in Your Business Loan Application

As with almost every aspect of our lives these days, the internet has made it easier, faster, and more convenient than ever for small business owners to gain access to financing, submit business loan applications, and get cash in hand to pursue their goals. Even so, when it comes to something as important as financing your small business, the easy, fast, convenient way won't necessarily give you the best results. Each and every day, we see small business owners facing a denied business loan application or wi...

SBA Roll Out of New Lender Match Tool Aims to Connect more Small Businesses with Lenders

WASHINGTON, D.C. – Administrator Linda McMahon, head of the U.S. Small Business Administration, today announced the roll out of Lender Match, SBA’s online referral tool that connects small business borrowers with participating SBA lenders.  The program is an upgrade to LINC (Leveraging Information and Networks to access Capital), which was introduced as a pilot in 2015.

“The SBA’s mission to help small businesses grow, create jobs and help our economy thrive is streng...

Rebuilding your Small Business after a Natural Disaster

5 places to find the capital you need to get your business back up and running

It’s difficult enough to recover personally from a natural disaster, but when you also have a small business to rebuild, it can be frustrating, exhausting and downright painful. Approximately 40% of small businesses never reopen after a disaster, according to the Federal Emergency Management Agency (FEMA). In the wake of Hurricanes Harvey and Irma, many U.S. small business owners are trying to figure out how to recover their losses and move forward with plans to reopen. If your losses are...