Category: Small Business
Looking to grow your small business? We provide tips and advice on starting and growing a small business.
Small Business
Small Business
National Restaurant Association Survey Finds 1 in 6 Restaurants Remain Closed
If you've noticed that a number of your local restaurants have stayed closed since the pandemic struck, you're certainly not alone. In fact, 56% of Americans surveyed said that locations in their community had closed for good. Moreover, as the National Restaurant Association reports, these closures could worsen in the coming months. According to the Association's survey, one out of six restaurants in the United States remain closed (either permanently...
Small Business
Paycheck Protection Loans Could Complicate Small Business Acquisitions
Earlier this year, as the coronavirus pandemic and the mandated closures that came with it battered the United States economy, Congress authorized the Paycheck Protection Program (PPP), which would be managed by the Small Business Administration (SBA). The idea was that entrepreneurs could obtain the funds necessary to keep their business afloat and keep their staff employed during the uncertain times. Then, provided they met certain requirements, part or all...
Small Business
Survey Finds Digital B2B Payments are On the Rise Among Small Businesses
It should come as no surprise that the COVID-19 pandemic has altered the way that many small businesses operate. From enhanced safety and cleaning measures to building out other sales mediums, businesses have been forced to quickly adapt to the changing landscape. It seems that this is also true when it comes to business to business (B2B) transactions, with more companies now looking toward digital solutions. A new survey conducted...
Small Business
Later.com Social Media Management Tool Review
Love it or hate it, social media plays a big role in today's society. Therefore, as a blogger, posting on Twitter, Pinterest, and Facebook is a big part of how I grow my community and drive traffic to my site. Unfortunately, managing content across these multiple platforms can be difficult — especially if I were to do it all manually. That's why I've used a social media scheduling tool for...
Small Business
SBA Lowers Interest Rates for 504 Loan Program
Small business owners looking to undergo major projects may now be able to borrow funds at a better rate. Last week, the U.S. Small Business Administration announced updated interest rates for their 504 loan program as offered by Certified Development Companies (CDCs). Now 20-year loans will carry a 2.214% rate while the 25-year option has a 2.269% rate. This marks the lowest these interest rates have been in two years....
Small Business
American Express Reportedly Pursuing Kabbage Acquisition
It looks as though American Express could soon be expanding its small business portfolio by purchasing a top FinTech lender. According to a report from Bloomberg, Amex is in "advanced talks" to buy small business lender Kabbage. Currently it is expected that the price tag on the deal could reach $850 million and would be an all-cash transaction. Bloomberg's unnamed source suggests that a final proposal could be hammered out...
Small Business
