The most recent “banking crisis” was different from past experiences. Historically, bank problems rose from borrower defaults, loans becoming uncollectable. This time, the problem was due to poor risk management. Deposits are “loans” to the bank with a maturity as short as 24 hours – depositors can withdraw any time (thus the development of longer …
The Small Business Credit Experience Amid “Issues” Read More »
Biz2Credit Small Business Lending Index finds funding requests at banks declined after Silicon Valley Bank’s collapse; borrowers find success with non-bank lenders. Small business loan approval percentages at big banks fell from 14.2% in February to 13.8% in March, according to the latest Biz2Credit Small Business Lending Index™ . This marks is the lowest figure …
GGV Capital is a global venture capital firm that invests in technology and they’ve just released their first ever list of growth and early-stage tech companies that “demonstrates both the breadth and depth of this sector and the enthusiasm of venture capital investors for these companies.” According to the firm, these companies have raised a …
On Technology: These Are 50 Hot Software Applications For SMBs This Year Read More »
If you have made the decision to start a small business, the first thing you will need is a business idea. You probably already know the industry where you want to start your business, but the idea for your business is the foundation for what will set you apart from potential competitors and help you …
Five Considerations For Finding Your Business Idea Read More »
For more than 50 years, the Small Business Administration (SBA) has celebrated National Small Business Week, which recognizes the critical contributions of America’s entrepreneurs and small business owners. National Small Business Week is co-hosted by SCORE, mentors to America’s small businesses and a resource partner of SBA. The event takes place this week (April 30 …