The U.S. could be headed for a prolonged recession following the coronavirus pandemic, which has taken an economic toll worldwide. Small businesses looking to survive — and thrive — during a recession can implement best practices now to better navigate an impending new climate. Recession-proof businesses are those that meet essential needs for customers, selling […]
The Value of Providing Employees with Mental Health Resources
While people around the country have been experiencing elevated symptoms of emotional distress over the last few months (thanks, COVID-19), stress is nothing new — especially in the workplace. Fortunately, there are ways for employers to support their workers’ mental health that not only improves people’s well-being but also offers quantifiable business benefits. Mental health […]
5 Ways to Be Smart with Your Business Loan
A business loan can serve many purposes, from covering startup costs to keeping cash flowing or allowing for expansion into new products or markets. Before you get one, it’s important to decide how you plan to spend it. After all, if you don’t have a solid plan for using the loan proceeds (and paying it […]
The Pivot Pandemic: How Small Business Owners Adapt
As COVID-19 sweeps the globe, humanity is left clambering to adapt. No one is exempt. Our hearts go out to those directly impacted by the virus – especially its victims and their loved ones. And we tip our hats with gratitude to the essential workers on the front lines fighting to understand and contain this […]
14 Black Financial Experts You Should Start Following Today
When it comes to personal finance advice, it can often feel difficult to find information that is relevant to the Black experience. Black Americans often face financial hurdles such as pay inequality, predatory lending and hiring discrimination, all of which have contributed to a racial wealth gap. “People are working hard, but if every part […]
Small Business Owners Say COVID-19 Hasn’t Hurt Business in These States
The coronavirus pandemic pushed 45.7 million Americans to file for unemployment benefits at some point during the crisis, but some U.S. companies have not seen a negative impact on business as usual. The Census Bureau surveyed small business owners on the effects of the pandemic. LendingTree researchers analyzed the results to determine where business owners […]
5 Unexpected Truths About Crowdfunding Your Business
It’s a difficult time for small business owners. As the coronavirus crisis has disrupted business operations, more banks are tightening their standards for lending, making it harder for small businesses to access crucial capital. While the Coronavirus Aid, Relief, and Economic Security (CARES) Act established several temporary programs designed to provide relief to businesses during […]
These States Have the Most Essential Businesses
A swath of the U.S. from the south Atlantic into the heartland has the greatest number of businesses deemed essential during a stay-at-home order. Nonessential businesses are now joining critical industries, opening their doors to the public for the first time in weeks as most state governors loosen COVID-19 restrictions. Although essential businesses vary by […]
5 Hints It Might Be Time to Sell Your Business
After putting the time, effort and money into opening your business, selling it can be a difficult decision to make. And yet, every year, thousands of the 30.7 million businesses in the U.S. are sold. For some business owners, selling can pave the way to new opportunities or a decrease in stress. Others, like the […]
Just 5% of Small Business Owners Have Received PPP Money
Small business owners are anxiously waiting to see if Congress will inject more money into the Paycheck Protection Program (PPP), the federal rescue program that failed to reach the vast majority of small businesses it was intended to help the first time around. A new LendingTree survey found that just 5% of business owners have […]
