Category: Small Business Funding

Even in the best economic climate, it’s not uncommon for small businesses to experience a working capital shortfall. Traditionally, business owners would turn to the bank they were already doing business with to apply for a loan. Much like during the financial crisis of 2008, banks have severely upped the requirements for loan approvals. This […]

The key for many businesses struggling to survive the economic impact of COVID is business diversification. Self-quarantine and social distancing have caused a major decline in foot traffic for brick and mortar businesses. This has caused many to expand their business into the eCommerce marketplace. While this type of business diversification is a smart move […]

Opportunities for business growth such as receiving larger orders or bigger accounts often arrive unexpectedly. If a business owner is caught off guard with insufficient working capital, they traditionally had two choices. They could apply for a business loan, adding debt to their balance sheet or be forced to let the opportunity pass them by, […]

Traditionally, growing a small business was always a challenge. The impact of COVID 19 and what was initially viewed as a temporary way to do business now appears to be the new normal in many cases. Digital transformation and an increase in the “work from home” workforce were already on the horizon. However, the efforts […]