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How to approach the small business loan application process

Many small businesses require access to funding for various expansion initiatives, operational costs and technology investments, among other scenarios. The process of applying for a loan can be daunting for inexperienced organizations, however, due to the intricacies of the lending market.  With that in mind, it is important that prospective borrowers arm themselves with knowledge … Continue reading How to approach the small business loan application process

Small business lending is poised to reach new heights

The economic crisis caused many banks to temporarily reduce or eliminate small business lending, but recent data suggests that this trend has seemingly been reversed. Distribution of capital has grown steadily over the past half-decade or so, and a recent bill that will provide supplemental funds to the Small Business Administration should offer lenders to … Continue reading Small business lending is poised to reach new heights

Several bits of good news arise in small business lending market

Economists and financial analysts within the United States, and even those operating abroad, have been firmly focused on the evaluation of the small business lending market for a while now. When the Great Recession struck, the massive losses and financial hardships that led to a skyrocketing unemployment rate, dramatically dipping gross domestic product and general … Continue reading Several bits of good news arise in small business lending market

In focus: SBA lending and the FY2016 budget

The U.S. Small Business Administration has been a central and critical component of the economy for decades, ensuring that entrepreneurs have the support, resources and funding they need to act as the engine of the nation's financial system. Although instances of the SBA's value can be clearly seen in various time periods since it was … Continue reading In focus: SBA lending and the FY2016 budget

Spotlight placed on veteran-owned small businesses

As the economic recovery rages on and troops return home from wars and missions around the globe, the number and diversity of small businesses owned and operated by veterans has shot up. The government, as well as a wealth of advocacy groups and myriad members of the private sector, have worked hard to ensure that veterans … Continue reading Spotlight placed on veteran-owned small businesses

Collateral: Making an impact in the lending process

When the economic recession swept through the world, many small businesses were faced with the difficult task of securing funding to grow their companies and startups. As variables became increasingly more risky to large lending institutions, many entrepreneurs turned to the small banks that understood the particular needs of modest businesses. For some, the commercial … Continue reading Collateral: Making an impact in the lending process

Small businesses need to take care when finding the right lender

After the economic recession, entrepreneurs looking into SBA loan programs or any other financial support had to get in a very long line of other contenders and rivals vying for the same kind of backing. With such a high demand during a risky time, big banks often took a step back from any business proposals that … Continue reading Small businesses need to take care when finding the right lender