As the United States has scrambled to address the economic fallout from the COVID-19 pandemic, many business owners and their employees are
The current economic expansion, the longest in U.S. history, has been made possible in part by the growth of small businesses. Consumer confidence is high, interest rates are steady, and entrepreneurs are starting businesses at a record pace. The State of the Economy Despite growth, risks to the economy remain, including rising trade tensions and increased costs resulting from new tariffs. A strong majority of economists recently polled by Reuters now put the chances of a U.S
Before applying for a business loan, start by narrowing down how you’ll use the proceeds. Will you use for working capital, hiring more employees, purchasing equipment, or expanding into a new location? Having a solid business plan that includes how you’ll use the funds will help you find the lender who can provide the best financing options. Build your credit score Most lenders will consider credit when evaluating potential borrowers. Strong applicants typically have fairly
