Category: Small Business News

What Political Issues Small Business Owners Care Most About

The 2016 election season is officially in full swing. After months of  stump speeches and plenty of televised debates it's almost time for citizens across the nation to vote in their parties' primaries and caucuses ahead of the general election in November. With each state they visit candidates are doing their best to reach out to voters, answer their questions, and find out what issues are most important to them....

Small Business Trends You Should be Aware of In 2016

It's no secret that running a small business can be difficult. In addition to building a team, a company, and a brand, entrepreneurs need to know how to expand while adapting to the changing world around them. While many fundamental principles stay the same (e.g. working hard, providing great customer service, etc.) it's important to stay up to date on the latest trends in order to be prepared.   Cyber...

The Need For Transparent Small Business Financing

They say you need to spend money to make money. Unfortunately that's a lesson that many small business owners learn the hard way, leaving them in need of a loan or line of credit. Although approval rates from small business loans have increased in the past couple of years, there are still many entrepreneurs who still can't obtain the financing they require for their business. A new study commissioned by...

The Role of Alternative Lenders in Small Business Loans

In the late 2000s alternative lenders like Lending Club and OnDeck emerged and began offering loans directly to borrowers online. Touted as “disruptors,” these lenders sought to challenge the current banking system that they deemed to be broken and grant more consumers and small businesses access to credit. On the surface it would seem as though these startups are looking to go head-to-head with the big banks. However the truth...

How Equity Crowdfunding Could Change Start-Up

After years of waiting, it looks like the gates to equity crowdfunding (EC) will finally be opened thanks to a recent vote within the Securities and Exchange Commission. Although Title III of the Jump-Start Our Business Start-Ups (JOBS) Act was signed into law over three years ago, the SEC has taken this long to draw up rules that would prove mutually beneficial to businesses and investors. While the agreed upon rules, which...

Small Business Loans Made Easy Thanks to New Partnerships

Alternative and online lenders have made it easier than ever for entrepreneurs to secure loans for their businesses. Additionally some of those online lenders are now working with non-profit organizations to further promote the expansion of small business in America. Community development financial institutions (CDFIs), which assist business owners with little to no credit, are getting a big boost by utilizing FinTech platforms. As reported by NerdWallet, in June of...

Lending Club Debuts Line of Credit Option for Small Businesses

Thanks to the rise of FinTech companies and online lenders, small business owners have enjoyed more options than ever when it comes to getting a loan. Now one such lender is offering entrepreneurs yet another option. This past week Lending Club expanded their small business lending offerings to include a business line of credit. This new product will give entrepreneurs the ability to cover unexpected expenses and invest in improvements without taking out...

Small Business Lending: The Good and Bad News

Small businesses have long been called “The Backbone of the Economy.” In order to grow many small businesses rely on loans to buy inventory, repair equipment, and market themselves in order to bring in customers. Unfortunately following the 2008 financial crisis it has been extremely difficult for small businesses to get loans from traditional banks. Following the near-collapse of the banking industry, those left standing cut back severely on their...