As a prospective female entrepreneur, or one coming from a minority community in the United States, you may wonder what resources are in place to help you attain small business loans and financing.
It may not quite be Groupon’s level of growth, but the online lending marketplace BoeFly has had a pretty big progression of its own to brag about. The New York-based company, which only broke into the business in March 2010, has already posted $2 billion in loan transactions.
As the owner of a small business, you might need a small business loan for a relatively low amount that is still majorly important to your success.
The U.S. Small Business Administration (SBA) makes a point of offering some of its small business loan programs to certain groups of borrowers.
The Small Business Lending Fund wasn’t the most successful program to get small business loans into the hands of entrepreneurs – the program ended after distributing less than one-third of the total money allocated to it.
Applying for one of the small business loan programs overseen by the United States Small Business Administration (SBA) is a process that shouldn’t be taken lightly.
The franchise loan marketplace is looking increasingly better for entrepreneurs as the economy continues to recover.
If your business is like most U.S. small businesses, you will be, subject to certain exceptions, eligible for an SBA loan. The specific rules regarding SBA Loan Requirements are found in a series of Standard Operating Procedures (SOPs) that the SBA has promulgated to guide SBA Lenders as well as in Title 13 Parts 120 and 121 of the Code of … Read More
Last week Karen Mills, SBA Official, announced that the SBA hit an all-time record in small business lending this fiscal year, with over $30 billion in lending, supported to over 60,000 small businesses. This signals a record year in the nearly 60-year history of the SBA itself. While this news should signal the rise of small businesses looking for capital, … Read More
Dan Moran, owner and operator of two Wing Stop locations in Northern Illinois knew his franchise was ready for growth. However, he needed financing. “When I looked for financing for our first Wing Stop the process was terribly frustrating. Going from bank to bank, having to repeat our story was inefficient,” said Dan.