article thumbnail

What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

Maybe because they have often been called the backbone of the American economy, small businesses are among those with the heaviest burdens to bear. The sad reality is, some of these small businesses may never open their doors again. The odds were always difficult for small businesses even before the pandemic.

article thumbnail

9 Steps to Handle Business Loan Rejection

Up and Running

The rejection of their business loan application spurred them on an aggressive campaign to improve their financial performance. Banks compete for small business customers and sometimes a borderline case can get approval from a different bank. Small business loan FAQ. What is the average business loan amount?

SBA 163
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Ways To Get The Capital You Need For Your Startup

Startup Professionals Musings

In the US, you may find that the Small Business Administration (SBA) can get you infusions of cash without normal backup requirements. Start a crowdfunding campaign online. Request a small business grant. Trade equity or services for startup help. The process is long, but it doesn’t cost you any equity.

Equity 266
article thumbnail

10 Alternative Funding Sources For Your New Venture

Startup Professionals Musings

In the US, you may find that the Small Business Administration (SBA) can get you infusions of cash without normal backup requirements. Start a crowdfunding campaign online. Request a small business grant. Trade equity or services for startup help. The process is long, but it doesn’t cost you any equity.

Equity 436
article thumbnail

Small Businesses Must Make Data Privacy a Priority

Duct Tape Marketing

Small Businesses Must Make Data Privacy a Priority written by Guest Post read more at Duct Tape Marketing. The Small Business Administration (SBA) provides a wealth of information on privacy , including articles and links to government sites. Resources for small businesses.

article thumbnail

How Online Lenders Facilitate The Growth Of Startups

YoungUpstarts

To bridge the divide between the need for capital and the difficulty in obtaining it, online lenders have entered the scene and their services allow entrepreneurs to gather the capital they need to purchase inventory, start marketing campaigns, hire new staff, pay for startup attorneys and deal with other miscellaneous startup costs.

Startup 100
article thumbnail

You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

The details within those pages will remind you of the spending strategy you outlined to get your business off the ground. According to 2016 statistics published by the Small Business Administration (SBA) , only about 78 percent of small business startups survive the first year, and only half make it to the five year point.