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Small Business Challenges

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January 24, 2024

Securing Financing before Standards Tighten

An article released by ZeroHedge highlights the concerning rise, in credit card delinquency rates, which have reached their levels in over a decade surpassing 3%. As consumers face challenges with increasing costs and debt burdens banks are becoming more cautious and getting approved for a new line of credit is getting harder.

Kansas Bank Failure Highlights Need for Business Financing Options

The recent failure of Heartland Tri-State Bank in Kansas highlights ongoing challenges for small community banks.

How to Make Business Debt a Tool, Not a Burden

We want to teach you to make debt a tool, not a burden.

The Credit Crunch FOR SMALL BUSINESSES IS UPON US

Navigating Tighter Lending Conditions for Your Small Business

Small Business Owners Grapple with Challenges as Optimism Declines

The Small Business Optimism Index experienced a decline of 0.8 points in March, reaching a value of 90.1. This marks the 15th consecutive month that the index has remained below the 49-year average of 98. According to the National Federation of Independent Business (NFIB), small business owners continue to face challenges, with inflation being a significant concern for 24% of them. Additionally, there is a prevailing pessimism about future economic conditions, as indicated by the net negative 47% of small business owners who expect improved business conditions in the next six months.

Why Borrowing Money Can Be a Smart Move for Small Business Owners

As a small business owner, you may be hesitant to take on debt. After all, you've worked hard to build your business, and the thought of owing money to someone else can be daunting. However, borrowing money can actually be a smart move for small business owners, and here's why:

Preparing Your Small Business for the Pending Recession

As a small business owner, you're always looking for ways to stay ahead of the curve and ensure your business's long-term success. With the possibility of an impending recession on the horizon, it's more important than ever to take a closer look at your business's financial health and start planning for what's to come.

Did you see it? Powell says rates ‘Higher and Longer’

Powell just said that interest rates are ‘likely to be higher’ than previously expected. To combat runaway inflation the Fed continues to raise interest rates. Restoring price stability means that monetary policy will be tightening for the foreseeable future.

6 Questions to Answer Before Apply for a Small Business Loan

Have you thought about applying for a small business line of credit? Maybe you’re in the process of sending in applications right now. Before you do anything else, read this blog post! We’ll discuss the six questions you need to answer for yourself before applying.