Did you know that approximately 30 million entrepreneurs make up the base of small business owners in the United States and provide 7 out of every 10 jobs in the US. This is according to the SBA Office of Advocacy.
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Top Reasons For Small Business Success and Failure Rates
Paycheck Protection Program Details
What is the Paycheck Protection Program? The Coronavirus Aid, Relief, and Economic Security (CARES) Act established a program to help small businesses keep their workers employed in the midst of the coronavirus pandemic. This program titled, The Paycheck Protection Program,
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Prepare Your Business for the Coronavirus Impact
Don’t wait until it’s too late! As a small business owner, do you have a plan to combat the impact coronavirus is having on small businesses all over the world I’ve read a lot of articles on how a small
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How to get a business loan with bad credit
Credit scores are one of the main determining factors when it comes to borrowing. So, if you have a poor credit score, you’ll find it difficult to secure a business loan. In fact, traditional banks hardly ever lend to business
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Small Business Loans for Minorities 101
Minorities in the United States, defined as anyone who is Asian, Black, Hispanic, or Native American, own as many as 11.1 million small businesses. And that number is growing fast, up 79 percent between 2007 and 2017. However, due to
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How To Get An SBA Loan
It costs money to start and run a business, especially as a small business owner. When and how to fund your business may be two of the most important questions you will ever consider. But, if you are eligible, the
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How 2020 FICO Changes May Affect Small Business Owners
In January 2020, FICO rolled out new rules for calculating credit scores, a system called FICO Score 10, which could dramatically impact—for better or for worse—how your credit score is calculated. FICO claims that their new program suite will deliver
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How to increase your chances of getting a business loan?
As a small business owner, you may have a well-run organization which generates a very healthy profit. But to really take your company to that next level of success you need a business loan to invest in equipment, inventory, employees,
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Nine Tips to Enhance Your Business Profits
Every business aims to make a profit to keep the business running effectively. As simple as this sound, the path of small businesses has always been plagued with challenges. There are strategies to enhance your business profits but many small
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Interest vs Rate Factor
Know What You Owe – Interest vs Rate Factor These days small and medium-sized businesses have many funding options at their disposal. From traditional term loans and lines of credit, to working capital advances and factoring loans, it’s hard to
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