Has your flower shop repeatedly applied for funding only to be denied? You’re not alone. Many small business owners—including florists—are reporting limited access to capital, making it difficult for them to aggressively pursue growth opportunities.
Sporting goods stores have no offseason; they’re constantly adhering to customers’ demands and purchasing inventory for every new season that comes. And like any small business, sporting goods stores need financing in order to keep up with the constant demand they face on a daily basis.
Since the financial crisis, alternative lending companies have begun to take the place of more traditional lending options. While you may struggle to meet the requirements for a bank loan, it’s a different story with alternative lending.
If your full-service restaurant has applied for and been denied a bank loan in the past, you’re not alone. Historically, restaurants have been one of the riskiest industries for entrepreneurs to undertake and banks have always been weary of lending to them.
There are more ways for merchants to secure money for their businesses than ever before. It wasn’t long ago that a merchant either borrowed money from a bank or asked their father-in-law for a helping hand.
Will the Volcker Rule end up having a significant impact on small business lending? Only time will tell. If you’re a little confused about the rule and the role it’s going to play in the small business sector, you’re not alone.
Are you trying to ring in customers and drive traffic to your social media locations this spring and summer? While running a brick-and-mortar store, the summer can be full of opportunities and sometimes, a new lead or sale is just a social media post away. But how can business owners like you leverage your company over Facebook and Twitter?
How do small companies get the funding they need? Businesses often find it difficult to receive small business loans from a bank or other lending institutions. But once you get working capital for your business, what can you use it for?
Small business lending has declined significantly since the recession, but why? It’s too easy and insufficient to just blame it on a poor economy. The truth is the economy is improving, business owners are optimistic and one would think that, with an improved economy, lending would increase.
Optimism is spreading across the industry, and many business owners are aiming to take advantage by hiring more employees, offering more products, and expanding to new locations. But when it comes to growing a business, owners often cannot rely on revenue alone to make it happen.
Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.