Are you a small business owner interested in taking out a loan? The U.S. Small Business Administration’s loan guarantee program can help small business owners who are unable to get loans from traditional banks.
What small business owners need to know about SBA’s loan guarantee program
Boost Your Loan Application by Learning the 5C’s of Credit
If you’ve been looking for financing for your small business, you’ve most likely considered taking out a loan. Unfortunately, most banks view small businesses as a risky investment, but one way to boost your chances to secure a loan is to understand what lenders will analyze when considering your application. Lenders use the 5 C’s of credit to measure your “creditworthiness” and your ability to repay a loan.
2016 Small Business Credit Survey Highlights the Lending Landscape
Timely information on small business financing needs, decisions and outcomes is critical to understanding and fostering the sector’s health and growth.
To provide these insights to policymakers, researchers and service providers, the Small Business Credit Survey is a national collaboration among the 12 Reserve Banks of the Federal Reserve System. In 2016, it yielded 10,303 responses from small businesses with employees, or employer firms across the country.
Philly Lenders Take New Approach on Small Business Loans
The Philadelphia Capital Consortium, an initiative of the Philadelphia Department of Commerce, was launched last summer to help improve access to capital for small businesses throughout Philadelphia. The consortium is taking an innovative approach to getting capital into the hands of small business owners. Read more here.
Small Business Insurance Checklist for 2017
If you're like most small-business owners, your business probably experienced at least one significant change this year. What you may not realize is that some changes impact your business insurance needs.
Let's take a look at three of the most common business changes and what they mean for your risk exposure and commercial insurance needs.