Minority owned businesses still struggle with credit issues when compared with small businesses in general. Experian provides additional detail about the state of business credit -- especially where it regards minority business owners. Here's more from the report.
Small Business Loans
If you’re seeking information on how to obtain a small business loan, or you’re seeking small business loan tips and advice, you’ve come to the right place. We even have a tool for you to determine what it takes to qualify for a small business loan. So be sure to use that to see how a lender will view your small business loan readiness.
Small business loans and small business lines of credit ... here's a breakdown of what each is, how they differ from each other and what each can do for your small business.
The microfinance platform Kiva is launching an initiative to get women entrepreneurs worldwide more access to capital. As little as $25 can be contributed through Kiva Her to help female entrepreneurs get the money they need.
Your small business is ready to grow or maybe it's just starting out and you need to approval of a bank's loan officer to get moving on those big plans. Don't make these rookie mistakes ahead of applying for a loan.
The FTC says LeapLab sold the sensitive financial information of people who applied for payday loans to at least one marketing company that used the data to bilk millions from those consumers.
Small business loan approval rates at banks big and small and even credit unions took a dip last month. The Biz2Credit Small Business Loan Index blames volatile markets, low oil prices for the hesitancy in approving new loans.
Small business loan approval rates at big banks and institutional lenders hit post-recession highs in December. That's the highlight of the latest Biz2Credit Small Business Lending Index.
The U.S. Small Business Administration states that its goal this year is to provide more access to capital for small businesses in the country.
Four small businesses in the city of Detroit have become the first recipients of capital from the Entrepreneurs of Color Fund.. The project is championed by the Detroit Development Fund.
New research suggests that major changes in the banking industry in the last decade have led to a rougher landscape for small businesses seeking loans.
J.P. Morgan becomes the latest lender to leap into working with a non-traditional lender -- in this case OnDeck -- in an effort to compete in the rapidly changing lending world. In this case, the traditional bank hopes to use its new partner to generate more small business loans.
Small businesses searching for loans to spur growth or just more capital are finding more successful loan approvals at big banks, according to data from the recent Biz2Credit Small Business Lending Index.