Small Business Tips and Advice

Category: Small Business

Looking to grow your small business? We provide tips and advice on starting and growing a small business.

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Paycheck Protection Loans Could Complicate Small Business Acquisitions

Earlier this year, as the coronavirus pandemic and the mandated closures that came with it battered the United States economy, Congress authorized the Paycheck Protection Program (PPP), which would be managed by the Small Business Administration (SBA). The idea was that entrepreneurs could obtain the funds necessary to keep their business afloat and keep their staff employed during the uncertain times. Then, provided they met certain requirements, part or all...
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Survey Finds Digital B2B Payments are On the Rise Among Small Businesses

It should come as no surprise that the COVID-19 pandemic has altered the way that many small businesses operate. From enhanced safety and cleaning measures to building out other sales mediums, businesses have been forced to quickly adapt to the changing landscape. It seems that this is also true when it comes to business to business (B2B) transactions, with more companies now looking toward digital solutions. A new survey conducted...
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Later.com Social Media Management Tool Review

Love it or hate it, social media plays a big role in today's society. Therefore, as a blogger, posting on Twitter, Pinterest, and Facebook is a big part of how I grow my community and drive traffic to my site. Unfortunately, managing content across these multiple platforms can be difficult — especially if I were to do it all manually. That's why I've used a social media scheduling tool for...
SBA Project Financing illustration

SBA Lowers Interest Rates for 504 Loan Program

Small business owners looking to undergo major projects may now be able to borrow funds at a better rate. Last week, the U.S. Small Business Administration announced updated interest rates for their 504 loan program as offered by Certified Development Companies (CDCs). Now 20-year loans will carry a 2.214% rate while the 25-year option has a 2.269% rate. This marks the lowest these interest rates have been in two years....
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American Express Reportedly Pursuing Kabbage Acquisition

It looks as though American Express could soon be expanding its small business portfolio by purchasing a top FinTech lender. According to a report from Bloomberg, Amex is in "advanced talks" to buy small business lender Kabbage. Currently it is expected that the price tag on the deal could reach $850 million and would be an all-cash transaction. Bloomberg's unnamed source suggests that a final proposal could be hammered out...
What's Your Number? #MyMoneyStaysLocal

#MyMoneyStaysLocal Campaign Debuts, Reminding Consumers to Support Small Businesses

With the coronavirus pandemic still heavily impacting American life, small businesses across the nation continue to be among the hardest hit. Not only have closures hurt local businesses but so have shifting consumer habits. For example, rises in online shopping and delivery services have increased as a result of the crisis. While these activities can include small and local businesses, more often than not, it's been major corporations such as...
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New York Legislature Passes Small Business Truth in Lending Act

For years now, online lending options have made it easier for small business owners to obtain loans, allowing them to access capital much more quickly than in the past. Unfortunately, not all of the lenders were transparent and upfront about their fees and interest rates. In turn, some desperate owners may have accidentally taken out loans that did their business a disservice. Now, New York lawmakers are looking to curb...
illustration of a small business storefront

Facebook Survey Highlights Small Business Challenges, Adaptations

It's no secret that the past few months have been incredibly challenging for many small businesses. Because of this, there has been a slew of recent surveys seeking to quantify the impacts that the pandemic has had on entrepreneurs. The latest of such reports comes from Facebook, which surveyed small business leaders in more than 50 countries back in May. With Facebook's survey spanning the globe, it's interesting to note...
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2025 SoFi Checking and Savings Review

 Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. That was later sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind is SoFi’s acquisition of Golden Pacific...
Travelers with two Best Western Credit Cards

Best Western Debuts Two New Rewards Credit Cards

After pausing applications for their previous rewards card, the hotel chain Best Western has unveiled a new pair of rewards credit cards with a new issuer. About the Best Western cards: Best Western is partnering with First Bank & Trust and Mercury Financial to introduce two new co-branded credit cards. First up is the no-annual-fee Best Western Rewards Visa Signature Card. With this card, customers can 4x points on Best...
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Marriott Bonvoy Bold Card Launches Travel Contest

Chase and Marriott Bonoy have unveiled a special contest while continuing to offer its best-ever welcome bonus. About the welcome bonus and Bold Chat Court Contest: Marriott Bonvoy and Chase have launched a special opportunity called the Bold Chat Court contest. As part of this contest, 10 lucky travelers will be awarded 500,000 Marriott Bonvoy points (for a total of 5 million) as well as $5,000. For this contest, the...
Bilt and All Reward logos

Bilt Adds 2 New Transfer Partners Including First 3:2 Transfer Rate

Bilt is once again expanding its travel transfer rewards program — and is even breaking the mold with one new partner. About the new additions to Bilt: This week, Bilt launched partnerships with two more travel brands: TAP Air Portugal and Accor. As a result, Bilt members will now be able to transfer their points to Miles&Go and ALL Reward, respectively. In total, Bilt now has 18 transfer partners including 13...
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PayPal Debit Card Review: Earn Stackable 5% Cash Back

In recent weeks, PayPal debuted an updated debit card product (perhaps you've seen the incessant Will Ferrell commercials for it during football games?). With the launch of this card, the company known for online payments is encouraging customers to pay with them anywhere. To encourage such behavior, the debit card allows cardholders to earn 5% cashback — although, as you can imagine, there are some important restrictions on that. So,...