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Small Business Tips
Small Business Tips

Buying an Existing Business: Is it Right for You? 4

by Jonathan Dyer
Let’s take a look at what you need to know about buying an existing business, including how to find business for sale, the pros and cons of this approach, how franchise opportunities differ from acquisitions, and what to consider once you do take the reigns.
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Small Business News
Small Business News

SBA's 504 Loan Program Sees Record Lending Month

by Jonathan Dyer
At a time when thousands of small businesses across the country are struggling to stay afloat, it seems that some entrepreneurs are investing in future projects. As the National Association of Development Companies notes, the Small Business Administration completed a record number of loans under its 504 loan programs in...
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Small Business News
Small Business News

National Restaurant Association Survey Finds 1 in 6 Restaurants Remain Closed 2

by Jonathan Dyer
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...
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Small Business News
Small Business News

Paycheck Protection Loans Could Complicate Small Business Acquisitions

by Jonathan Dyer
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...
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Small Business News
Small Business News

Survey Finds Digital B2B Payments are On the Rise Among Small Businesses

by Jonathan Dyer
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...
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Small Business News
Small Business News

SBA Lowers Interest Rates for 504 Loan Program

by Jonathan Dyer
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...
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Small Business News
Small Business News

American Express Reportedly Pursuing Kabbage Acquisition

by Jonathan Dyer
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...
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Small Business News
Small Business News

#MyMoneyStaysLocal Campaign Debuts, Reminding Consumers to Support Small Businesses 2

by Jonathan Dyer
With the coronavirus pandemic still heavily impacting American life, small businesses across the nation continue to be among the hardest hit. Not only have closures hurt local businesses but so have shifting consumer habits. For example, rises in online shopping and delivery services have increased as a result of the...
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Small Business News
Small Business News

New York Legislature Passes Small Business Truth in Lending Act

by Jonathan Dyer
For years now, online lending options have made it easier for small business owners to obtain loans, allowing them to access capital much more quickly than in the past. Unfortunately, not all of the lenders were transparent and upfront about their fees and interest rates. In turn, some desperate owners...
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