How to Get a Business Line of Credit as a New Business

New small business owners, like yourself, want to feel prepared when it comes to starting a business. Financially, that means having proper funding to allocate to all needs, and not having to fear costs. To have this sense of security, businesses look to a line of credit. With this, owners feel more equipped and less […]

Financial History: How Recessions Affect Small Business Loans

After the Market Crash of 2008, the U.S Economy entered into a recession period, resulting in many hurt industries. One of the largest industries hurt was the business lending industry. Specifically, companies that lend to small and medium-sized businesses.  According to the Small Business Administration (SBA), between 2007 and 2011. The number of loans given […]

What is the Small Business Administration?

Small Businesses are the backbone of the U.S Economy. Approximately 99.7% of employers in the U.S are considered small businesses, or businesses that employ less than 500 people. Because small businesses make up such a significant portion of the U.S economy. The government created an organization to help their growth. In 1953, The U.S government […]