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Industries Not Eligible for Alternative Financing

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Alternative financing has been a game-changer for small businesses that don’t have access to traditional bank loans and financing. However, some industries are considered too risky for alternative lenders to finance. These high-risk industries are often seen as too much of a liability. There are several reasons why alternative lenders avoid financing high-risk industries.… Continue reading Industries Not Eligible for Alternative Financing

6 Ways To Avoid Business Loans and Financing Scams

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6 WAYS TO AVOID BUSINESS LOANS AND FINANCING SCAMS There comes a time when you will require small business loans or financing to increase capital for various things, including covering operational costs, expanding your company’s facility, purchasing new equipment, or hiring and training employees. Unfortunately, small business loan scams have become increasingly common in recent… Continue reading 6 Ways To Avoid Business Loans and Financing Scams

Understanding Short-Term Financing Terms

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As a small business owner, you may need short-term financing to keep your operations running smoothly. Many terms and concepts associated with small business lending can be confusing to those without a financial background. To help clarify things, we’ve put together a comprehensive glossary of short-term financing terms. Short-Term Financing Glossary: Principal: The amount… Continue reading Understanding Short-Term Financing Terms

Why Small Business Owners Should Start Networking

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Networking is a necessary aspect of running a small business. Building relationships with other businesses and individuals in your industry can provide a wealth of opportunities for growth, collaboration, and support. Building and being part of a community can help you overcome many of the challenges you may face running a business, especially during an… Continue reading Why Small Business Owners Should Start Networking

Supporting Black-Owned Businesses Beyond Black History Month

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Black-owned businesses have been an essential part of the American economy for centuries. Yet, they have often faced significant challenges regarding access to capital, customers, and other resources. Despite these obstacles, black entrepreneurs have continued to start and grow businesses, and today there are an estimated 2.6 million black-owned businesses in the United States. One… Continue reading Supporting Black-Owned Businesses Beyond Black History Month

The Difference Between a Hard & Soft Credit Pull

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Small business financing is essential for the growth and success of any business, but it can also be a confusing and overwhelming process. One crucial aspect is the difference between a hard and a soft credit pull. Both types of credit checks can affect your credit score differently. Understanding the difference between the two… Continue reading The Difference Between a Hard & Soft Credit Pull

6 Tips To Recession-Proof Your Small Business

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Small businesses are at the forefront of ever-changing economic times. Yes, global events, turbulent markets, and financial pressures make running a successful small business a challenge; however, weathering the storm can be mighty rewarding – those that manage to get through a crisis successfully will have an easier time growing afterward. Although nobody can… Continue reading 6 Tips To Recession-Proof Your Small Business

5 Reasons To Get Business Financing For The Holiday Season

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‘Tis the season to be funded and flourishing, not merely scraping by. The holidays can be exciting for businesses, but they can also be a slow season for others. While the restaurant and retail industries are booming, construction and manufacturing may experience a much slower period. And although some industries are benefiting from the holiday… Continue reading 5 Reasons To Get Business Financing For The Holiday Season

Good Financial Habits that Lead to Small Business Success

Adopting good financial habits is one of the fastest and most long-lasting ways to boost your business and drive success. As a business owner, you should not only invest in good personal habits, but those habits should filter over into your business. Having a growth-minded mindset will set you up for success. Rethinking and planning… Continue reading Good Financial Habits that Lead to Small Business Success

Small Business Saturday

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Thanksgiving weekend is traditionally the busiest shopping period of the year, packed with various annual American traditions, including Small Business Saturday. Started in 2010, the SBS Holiday bill was passed in all 50 states in 2011 and has become a popular day to celebrate and support entrepreneurs. Small Business Saturday drives customers to buy… Continue reading Small Business Saturday

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