While alternative lenders – like the web-based peer-to-peer enterprises – have been getting a lot of attention in the media, it’s the large banks that are really making small business lending “news” right now. Big bank loan approval rates to small businesses hit an all-time high in the June 2017 Biz2credit Small Business Lending Index. […]
The number of businesses started by women in recent years has really been one of the bright spots in the economic news. Between 1997 and 2014, women-owned business rose by 68 percent – twice the growth rate posted by men. And here’s the kicker: this tremendous growth has happened without very much support from the […]
Access to capital is a hot issue for small businesses. Since the beginning of the recession, small firms have found it nearly impossible to get the funds they need to grow their business. Well, according to the Small Business Lending Index released by Direct Capital, things may be picking up. The report indicates that small […]
Watch the latest video at video.foxbusiness.com Small business expert Susan Solovic and Credit.com Director of Consumer Education Gerri Detweiler on lenders using social media to research potential borrowers.
When you are thinking of expanding your business, you can go the traditional loan route. But there is another option. Applying for an SBA loan which is partially guaranteed by the U.S. Small Business Administration. We’re about to break-down four of the primary kinds of loans offered by the SBA. Additionally, we’ll give you some […]