On July 24, 2012 BoeFly, the online marketplace for franchise lending, and the International Franchise Association, hosted a discussion with leaders in the franchise and lending community to reveal tips, tricks and technologies to unlock the credit box for franchise growth. Moderator: Beth Solomon, International Franchise Association, VP, Strategic Initiatives & Industry Relations Panelists: Steve Overholser, CFO and Treasurer, Great … Read More
The Small Business Administration has been very active since the 2007 recession, as small businesses were hit hard and needed significant support to make it through.
Since the economic recession, businesses have had to be agile and creative to survive the highly competitive environments present in many sectors.
Though the economy has taken a substantial period of time to show signs of improvement, several states and regions are beginning to see increases in small business loan acquisitions.
Reports regarding small business lending climates have often been contradictory in recent months, likely because the economy is still bouncing back from one of the worst recessions in decades.
The National Small Business Association (NSBA) recently released its 2012 Small Business Access to Capital Survey, which had somewhat troubling results related to small business loan trends.
After several months of consistent positive reports regarding small business lending, Fitch Ratings recently announced the somewhat harrowing results of a study focused on the health of financial institutions in the public finance sectors.
Though budgets have been tight across the board in recent years, many small business owners have been steadfast in their pursuit of rapid expansion.
The success of the SMB sector is often a major indicator of overall economic health in the United States.
Owners of privately-held businesses want to maximize their cash flow and legally minimize the taxable profit they report to the Internal Revenue Service. A common way to do that is by depreciating business-owned real estate, machinery, furnishings, fixtures and equipment in accordance with IRS rules. They also expense whatever is allowed such as a convention trip, business lunches and executive … Read More