Sep
18
Small Businesses Hurry to Borrow Before End of 2014
With indicators pointing up including home sales, employment, and control of natural resources, the United States is beginning to rebound from the Great Recession. The lending industry has also seen an upward trend in applications as many small businesses are seeing profits rise. As a result, small business owners are
Aug
12
FICO’s New Scoring Could Boost Your Credit Score
Most people know that their FICO score is the main factor that determines the rates that lenders are willing to offer from mortgage loans to credit card interest rates. But for some lucky individuals, their credit scores are about to increase. These changes are coming due to the rise in
Jul
1
The Patriotism of Entrepreneurship
Over the past few years, the economy has been challenging. Americans have in one way or another felt the impact of the economic recession. As Nick Friedman from the Huffington Post puts it, “It is likewise our collective duty, as we continue down the road to recovery, to help
May
13
Celebrating National Small Business Week
National Small Business Week gives us a time to recognize and celebrate the American Small Business Owner and Entrepreneur spirit that our country is known for. Since our country’s inception, our economy has been build on mom-and-pop shops and start-up entrepreneurs. Currently, the country’s 28 million small businesses create
Apr
21
Data Breach: Coming to a Small Business Near You
Data Breaches, cyber attacks, and identity theft seem to be the hot topics in the news recently. Retailers such as Target and TJ Maxx have both been in the spotlight for security breaches, and experts say small business owners who don’t make protecting customers’ personal information a top priority could
Apr
11
Federal Reserve Reports on Consumers’ Mobile Banking Trends
Mobile Banking has become the norm among consumers of all ages. With mobile banking, consumers can easily and conveniently check their purchase history online, transfer money, and compare prices. The Federal Reserve recently backed up these trends with the release of their most current report on Mobile Financial Services. We’ve
Mar
31
Small Business Owners & the Minimum Wage Increase
The current federal minimum wage stands at about $7.25 an hour. But small business leaders joined the Senate this past week in an effort to increase the hourly wage to $10.10 an hour. In recent months, we’ve seen employees all over the country, protesting for a wage increase. At McDonalds
Mar
10
5 Ways to Spruce Up Your Business With Working Capital This Spring
While there’s no such thing as a bad time for a working capital loan, the spring months might be our customers’ favorite time of year to take advantage of all that a working capital loan has to offer. In fact, there are hundreds of ways business owners are able to
Mar
4
Small Business Credit Conditions Improve for Fourth Consecutive Quarter as Index Rises to Highest Level
According to Experian/Moody’s Analytics Small Business Credit Index, a business index and detailed report that provides insight into the health of U.S. businesses, small business credit conditions improved for the fourth consecutive quarter in the last three months of 2013. This fourth quarter reading is the highest since the
Feb
17
Will Your Small Business Be Audited This Year?
If your small business receives news that it’s scheduled to be audited by the IRS, you’re likely to become slightly distressed. Even if you have triple checked your tax return for errors, are able to defend every deduction you claimed and back up your income. According to Fox Small