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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Small Business Lender Funding Circle Closes $198 Million Securitization

Even as small business lending approval rates have continued to tick upward since the Great Recession, alternative lenders have proven vital in helping businesses obtain the capital they need. These online lenders have taken on many forms — from utilizing peer to peer technology to developing unique algorithms for processing applications — but, in each case, they've provided entrepreneurs with faster access to funds.  Now one marketplace lender, Funding Circle,...
Average Small Business Funding Amounts By Sector

Study Shows Small Business Loan Approval Rates by Industry

Ever since the economy began rebounding from the Great Recession, we've seen small business loan approval rates at big banks continue to rise. On top of that numerous alternatives have emerged, including online and peer to peer lenders. However a major factor that could inform whether or not you're approved for a loan is what type of small business you're opening or currently operating. That's the focus of a recent...
2019 SMB Survey

60%+ of Small Business Owners Report High Job Satisfaction

Running a small business is not an easy job by any means. With owners bearing the brunt of responsibilities ranging from quality control to managing employees and much more, entrepreneurs often deal with a lot of stress. Despite that, a recent survey from Finimpact finds that the vast majority of business owners are happy and highly satisfied with their positions. When small business owners were asked how they'd rank their...
Commercial Insurance Survey Results

Small Business Commercial Insurance Satisfaction Reaches New High

Anyone who's ever owned a small business can tell you about the importance of having insurance. At the same time purchasing policies and dealing with insurance companies has never traditionally been any entrepreneurs favorite pastime. Despite that a new study by J.D. Power finds that more business owners are satisfied with their commercial insurance than ever before. Out of a possible score of 1,000, the average small business commercial insurance...
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Survey Finds Three-Quarters of Small Businesses Give to Communities

Being a small business owner means more than just running a store or offering a service. More often than not, it also means being a part of a community and having a positive influence. That belief was on full display in a recent study by TD Bank that found nearly three-quarters of small businesses give back to their communities by supporting local charities and causes. TD Bank's study surveyed the...
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Small Business Loan Approval Rates at Big Banks Rise in July

Ever since the Great Recession, banks have slowly increased the number of small business loans they issued. As a result, approval rates have continually reached new records, with more and more entrepreneurs finding it easier to obtain capital. Now the latest edition of the Biz2Credit Small Business Lending Index finds loan approval at big banks rates reaching yet another post-recession high. First up, approvals at banks with more than $10...
Index meter for Q2 2019

Two-Thirds of Small Businesses Report Being in Good Health

It seems now is still a great time to be a small business owner. In fact, after a dip during the first quarter of the year, the MetLife and U.S. Chamber of Commerce Small Business Index rose more than three points for Q2 2019. Moreover a majority of entrepreneurs surveyed expressed positive sentiments about the health of their businesses and the overall economy. According to the latest report, 65% of...
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American Express Announces New Blue Business Cash Card

Over the past decade, credit card company American Express has worked to align themselves with small business owners. This includes founding the increasingly popular retail holiday Small Business Saturday, observed the weekend after Thanksgiving each year. Continuing that mission, this week the company announced the launch of a new small business credit card: the Blue Business Cash Card. The Blue Business Cash Card's biggest perk is that cardholders can earn...
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A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 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. Lately it seems as though that theme has been 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...
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Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...