New Business Venture Basics—Where Do I Start?
Welcome to 2023! We’re so glad you’re joining us in the New Year, and we’re jumping right in with some tips for how you can make 2023 the year you pursue that new business idea you’ve been dreaming of—or came up with just as you toasted goodbye to 2022. No matter how long starting a […]
Closing or Selling Your Business— Why, When, & How
Closing or Selling Your Business—Why, When, & How After exploring the business lifecycle and how you can renew your small business, we want to make sure that you also understand the option to close or sell instead. The decision to close or sell your business is not one you will likely arrive at easily, and […]
Business Renewal Through Asset Acquisition Choices
Business Renewal Through Asset Acquisition Choices In last month’s blog, we explored how you can navigate your business through the renewal or decline phase of the business lifecycle. During this decision-critical time, business owners are determining if they want to sell their business or pursue ways to reinvest in and revitalize their business plan. It […]
Navigating Your Business Through the Renewal Phase of the Business Lifecycle
You may recall that in last month’s blog, we talked about the maturity phase of the business lifecycle. While that was the make-it or break-it phase, the next phase is even more important to understand—the renewal or decline phase. Preparing for what comes next is important. As Forbes reminds us, understanding each stage of the […]
The Maturity Phase of Your Business—Where Are You Now & Where Are You Going?
According to Forbes, every business—no matter how big or how small—goes through the same business life cycle. The life cycle consists of a spectrum of four stages that your business will move through, and knowing where your business is in the cycle is critical to your long-term success. We want to focus on one stage […]
These Are the Top SBA 504 Loan Lenders in Ohio
If you are a small business owner who has been looking into long-term financing, you’re probably already familiar with the 504 loan program. The U.S. Small Business Administration (SBA) provides 504 loans of up to $5 million to help small businesses afford major fixed assets. In order to apply for the 504 loan program, you’ll […]
See How Much You Qualify For with Our SBA 504 Loan Calculator
Small businesses looking for long-term financing should really be in-the-know about the 504 loan Program. The U.S. Small Business Administration (SBA), with the help of Certified Development Companies (CDCs) like Growth Capital Corp., provides long-term financing of up to $5 million for major fixed assets. Promoting job creation and business growth in the small business […]
How to Get a Small Business Loan for Startups in Ohio
Entrepreneurs who want to start a small business in Ohio are in luck! The U.S. Small Business Administration (SBA) backs Ohio small business startup loans. SBA loans are competitive and have firm requirements, so it’s important to target the right loan for your new company. Follow these steps to successfully secure a startup loan in […]
Need an SBA Loan for Your Nonprofit?
The Small Business Administration (SBA) offers attractive loans to help new and existing small businesses grow and thrive. The SBA, however, has strict guidelines on the type of companies that are eligible for their small business loan programs. SBA loans for most nonprofit organizations, for example, are unfortunately not easily accessible or available. But, don’t […]