Should your small business get a loan to cover the rising costs of inflation? This may help you decide.

Small business owners have spent years trying to deal with the effects of the COVID-19 pandemic, and now inflation has thrown a wrench in the recovery’s progress. Four in five businesses report that rising prices have had a significant impact on their operations, according to the U.S. Chamber of Commerce’s Small Business Index for the … Read more

Future Returns: A revenue-driven strategy to promote diverse businesses

Entrepreneurs who build businesses in smaller cities and in low-income communities often lack the personal credit profile or assets to access the capital they need from banks and investment firms to grow their companies. Revenue-based financing — where investors provide capital in exchange for a percentage of revenue — has become a solution recommended by … Read more

Three alternatives to a small business loan

Banks and credit unions tend to offer the most affordable business financing – if your business can qualify. Only a small proportion of small business loan applications have been approved and this discrepancy is exacerbated. According to the Federal Reserve Credit Survey for 2022, approval levels from both small and large banks decreased from 2019 … Read more

Three alternatives to a small business loan

Banks and credit unions tend to offer the most affordable business financing – if your business can qualify. Only a small proportion of small business loan applications have been approved and this discrepancy is exacerbated. According to the Federal Reserve Credit Survey for 2022, approval levels from both small and large banks decreased from 2019 … Read more

Three alternatives to a small business loan

Banks and credit unions tend to offer the most affordable business financing – if your business can qualify. Only a small proportion of small business loan applications have been approved and this discrepancy is exacerbated. According to the Federal Reserve Credit Survey for 2022, approval levels from both small and large banks decreased from 2019 … Read more

Hiring your children to work in the family business is a smart move about taxes – for you and them

You have recently been self-employed and your children are out of school during the summer. Hmmm. Do you have one or more young people who could do useful work for your business? If so, hiring your child – or several of your children – can provide some nice tax benefits. As children drop out of … Read more