Angels must have a great PR firm. Polls continually find that about 80 percent of all Americans believe in angels. Of course, that’s the diaphanous, winged variety. How about the money-investing angel? Should small business owners believe in them? First, let’s set out what I mean by “angel.” Historically, an angel investor has been a […]
About once a month, almost like clockwork, the national media run stories on the unemployment problems our veterans—especially disabled vets—face. Many are using an age-old strategy to overcome chronic unemployment: They’re starting their own businesses. There are great resources that veterans can tap into to get them started in their own businesses. Some specifically target […]
What’s social media got to do with getting a loan for your small business? Lots! According to an article in The Wall Street Journal, lenders are mining social media to determine a borrower’s creditworthiness. While this practice is being used primarily by start-up lenders that issue smaller loans, experts quoted in the article note it […]
Coming soon — less paperwork and greater access for borrowers and lenders of SBA loans. According an agency announcement, the changes are the result of a proposed regulation aimed at streamlining the SBA process, while also strengthening oversight and the integrity of the agency’s loan program.