Insights into the world of small business lending and development

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Monday, October 1, 2018 | Healthcare

Plenty of entrepreneurs like to think of their business as one of a kind, but for Dr. Heather Nelson it might actually be true. Heather owns Heather Nelson Studio in Springfield, Mo. Heather’s unique musical training certainly qualifies her as a piano and vocal teacher, but she primarily works with those suffering from vocal injuries. While her typical clients range from novices to professional vocalists, Heather also provides vocal regimens and techniques to those who have damaged their vocal cords or been diagnosed with nodes or polyps to help them sing again.

Wednesday, September 12, 2018 | Access to Capital, Business planning and strategy, Financial tools and management

This is the first post in a series on the basics of small business finances. Stay tuned for future posts in this series, including information about bookkeeping and small business credit cards.

As an entrepreneur, you now need to be a Chief Everything Officer, and that includes managing your business’s financials. Navigating small business finances can be overwhelming, but it’s important to understand all the factors that go into overseeing your business’s daily finances. A good place to start with is a small business bank account.

Tuesday, August 21, 2018 | Access to Capital, Business planning and strategy, Financial tools and management

Kateri Gutierrez co-founded Collective Avenue Coffee in Lynwood in 2016 with big dreams of what the business could do for her community. As her business has grown, this commitment to community has become the foundation of Collective Avenue Coffee, from it business structure to its mission and even how it's funded its growth.

Tuesday, June 19, 2018 | Access to Capital, Financial tools and management

This blog post originally appeared on SBA.gov.

Linda McMahon, SBA Administrator

For this blog about Hurricane Season preparedness, we thought it would make sense to get some business continuity tips from a real expert—a business owner who survived multiple disasters. 

Friday, June 8, 2018 | Access to Capital, Business planning and strategy, Financial tools and management

This article originally appeared on Forbes.com

Levi King, CEO & Co-Founder of Nav.com

The devil is in the details. And when you’re applying for a business loan, there are a lot of details.

Wednesday, May 30, 2018 | Access to Capital, Financial tools and management

As a small business owner, you’ve probably found yourself in the position of needing extra funds to help you expand, whether you need to buy equipment or you have a new product idea you need help developing. Traditional financing like a bank loan can take months to close between the application and approval phases, and you probably don’t have the time to wait, especially if you need a relatively small amount of cash.

Thursday, May 17, 2018 | Healthcare

How did Stepheni Norton, a military veteran, go from active duty, to farmer, to successful entrepreneur over the course of just six years? 

In February 2012, Stepheni and her husband Mike, who is also a military veteran, purchased the Wallace D. Dickinson homestead in National City, Calif. When they bought the property, Stepheni was preparing for a 10-month deployment, and after a seemingly harmless tick bite, she was unknowingly experiencing the early symptoms of Lyme disease. After being left untreated for two and a half years, Stepheni was finally diagnosed in...

Sunday, May 6, 2018 | Access to Capital, Financial tools and management

Small business owners seeking funding to start, operate, or expand their businesses often fall prey to banks and lenders who are deceiving about the costs associated with borrowing. Monthly interest rates alone are not an indicator of the overall cost of a loan. Predatory lenders may hide additional costs, such as the annual percentage rate (APR), closings costs, service fees, and other fees or penalties. If you are a small business owner looking for financing, it is essential that you do your research not only to calculate cost accurately, but also to become aware of all lending options av...

Friday, May 4, 2018 | Access to Capital, Business planning and strategy, Mentoring and networking

This article originally appeared on USA TODAY.

Rhonda Abrams, Special for USA TODAY

America loves small business, and from April 29 to May 5, America observes “Small Business Week,” dedicated to recognizing the best small-business owners and entrepreneurs.

I also want to recognize the best small-business support in the country: the consultants of America’s SBDC — Small Business Development Center — network.

Wednesday, May 2, 2018 | Access to Capital, Business planning and strategy, Financial tools and management

National Small Business Week, which began on Sunday, April 29 and runs through Saturday, May 5, is a time to highlight the role small businesses play in our economy. Small businesses represent 99% of all employer firms and account for half of our nation’s jobs and economic output. Innovation by small businesses spurs growth throughout the entire economy and boosts prosperity in their local communities, and NSBW is an important time to celebrate these contributions.