Missy Williams spent the first 20 years of her career in the mental health field as a direct care provider, program manager, counselor and executive manager. As a mental health provider, she learned how stressful it could be to take care of patients and run a successful business – and she wanted to share her experiences with others in her field to help them tackle these problems. A few years after obtaining her M.A.
Helping the Helpers: How Solutions110 Provides Businesses With Tools to Succeed
A New Way to Dine With Chilltown Kitchen Supper Club
Alysis Vasquez is passionate about good food – there’s no doubt about that. But just as important to her is that people have a unique experience when eating out. As a chef in New York and New Jersey, she worked for well-known food names like Tom Colicchio, Jean-Georges Vongerichten and Dale Talde. While she loved her work, she found that fine dining could sometimes feel cold and uninviting.
Inc: Self-Policing in Online Lending Isn't a Replacement for Common Sense Regulation
Since the financial crisis, regulators and policymakers have concentrated on making brick and mortar banks safe and secure. But, away from regulatory scrutiny, a new sector has emerged led by non-bank online lenders and, if we aren’t careful, it has the potential to harm millions of small business borrowers. Self-policing is a step in the right direction, but increased regulatory vigilance is both warranted and desired.
On August 6 in Washington, a responsible business lending coalition of for-profit online and mission-based lenders, brokers, think tanks and small business advocates announced an agreement on rights that every small business borrower deserves when seeking a loan online, defined as a Small Business Borrowers’ Bill of Rights. This marks a turning point in the small business lending industry. For the first time, online lenders are agreeing to self-regulate and offer fair and transparent terms to small businesses. Any lender or broker will be permitted to sign onto the agreement, by signing a letter from their CEO attesting that they abide by the principles enshrined in the agreement.
SmartBiz Lets Small Businesses Get SBA Loans Fast
When Dawn Brolin, owner of Windham, Connecticut-based Powerful Accounting, needed capital to fund her firm’s growth, she decided to skip the bank and try an online lender. Although she was qualified for a traditional bank loan, she wanted to test the waters of alternative lending and share the experience with her small-business clients.
“I know not every small business can walk into the bank and get a loan,” Brolin tells NerdWallet. “Maybe alternative lending sounds scary, but it’s not.”
The Trade-Offs Between Equity and Debt Financing
As a small-business owner, you generally have two basic ways to raise startup business funding: You can offer investors equity ownership in your company or take on debt in the form of a loan. Both funding sources can provide your business with the cash it needs, and each comes with benefits and drawbacks to consider. Here’s an overview of equity and debt funding, their pros and cons, which businesses may be better suited to each and how to obtain funding.