Many small businesses are struggling due to the COVID-19 pandemic and the economic impact of mandatory closures and disruptions to supply chains. According to one survey of more than 5,800 small business owners published in the Proceedings of the National Academy of Sciences of the United States of America, over 70% of small businesses planned […]
Lending Tree
15 Small Town Business Ideas: What Does Your Town Need?
Starting a successful small business looks very different depending on whether you open in a large city or a small town. Entrepreneurs in small towns may benefit from less competition and enjoy lower costs of living and real estate than in urban areas, according to SCORE. A small-town business may also be more visible than […]
Small Business Credit Card Report 2021
The COVID-19 pandemic has been a double-edged sword for small businesses around America. For many small retailers and restaurants, it’s been an absolute catastrophe. Countless small businesses have closed for good in the wake of the pandemic, and many more will before COVID-19 fades into memory. The lockdowns, reduced consumer spending and intense competition from […]
4 Times Refinancing a Business Loan Might Do More Harm Than Good
For many small business owners, loans are a way to finance startups and expansion. Eventually, you might have an opportunity to refinance a higher interest loan into one with a lower interest rate or better terms. Refinancing might lower the cost of borrowing over time or free up cash flow that you can use to […]
4 Important Tips to Get Approved for a Business Loan
Applying for any loan is stressful, but when you need a loan for your small business, there are even more hoops to jump through. Here are a few tips that can boost your chances of getting your loan application approved: CLEAN UP YOUR CREDIT BEFORE YOU APPLY. If you discover an error on your credit […]
5 Steps to Getting a Small Business Loan
Learning how to get a business loan can help you secure the capital you need to start and grow your business. Business loans can cover immediate needs like payroll and finance large projects like remodeling a facility. To help you secure the best loan for your needs and qualifications, you’ll need to know your credit […]
Retirement vs. Reinvestment: How Should Business Owners Plan for the Future?
When you’re a business owner, you — and only you — are responsible for your financial future. As you grow your business, it can be difficult to tell whether you should save any extra funds for your retirement or reinvest them into your business. Although strong cases can be made for both sides, consider making […]
7 Ways to Create a Successful Family Succession Plan
When you run a family business, you may dream that one day your children will take over and run the company. However, nearly half of business owners over the age of 65 don’t have a transition plan in place, which could jeopardize plans to pass the business down to future generations. Lack of a formal […]
Survey: Nearly Half of Americans Ready to Move to Reduce Expenses
The COVID-19 pandemic has been a mainstay for the better part of 2020, affecting nearly every aspect of daily life as we know it. Our housing choices are no different. Record-breaking unemployment — with more than 11 million Americans still jobless — along with an exodus from major cities with dense populations, such as New […]
7 Business Grants for Women
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of the organizations referenced. Business grants for women are a form of funding that typically does not require repayment. Women entrepreneurs can secure grants from public or […]
