By Cliff Ennico “We started a tech company last year and are getting ready to launch our first product. To do so, we will need to borrow $200,000 from friends and family. “We have been told to structure this as a loan, but we want to give our family members a piece of our future […]
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. […]
By Tiffany Rowe For the first few years, few small businesses enjoy a healthy, balanced cash flow. More often than not, there is just enough money to go around, which means it could take years to save up enough cash to accomplish your bigger business goals. It might not be a flaw in your business […]
By Meredith Wood As a small business owner, you’re always looking for ways to improve operations. Whether it’s saving money, maximizing resources, or streamlining tasks, you’re up for anything that makes running your business easier and more efficient. Since all of us can use a little bit of flexibility when it comes to finances, a business credit […]
Can you make it as a small business entrepreneur when you seemingly have three strikes against you when you’re just starting out? Not long ago I talked to Catoctin Creek Distilling Company co-founder Scott Harris, and it seemed that when he and his wife Becky started their company, they were facing some very long odds. […]