Resources and Loan Options For Ohio Minority-Owned Businesses
Studies show that minorities own an estimated 29 percent of classifiable businesses, which are growing at twice the rate of non-minority businesses. Is yours on track to be on the side of success? If you’re based in Ohio, minority businesses have multiple state-funded resources to help with critical needs such as business development, training, getting […]
7 Steps to Starting a Small Business in Ohio
Small businesses currently make up 99.6 percent of all businesses in Ohio, and that number continues to grow. Could you be a part of the next wave of local small businesses contributing to the state’s economy? Perhaps you’ve been thinking about starting your own business for a while. You’ve figured out what you want to […]
Small Business Loans & Programs For Veterans
After serving their country, many veterans come home looking to open and run their own businesses. A 2012 U.S. Census Bureau Survey of Business Owners found that there are 2.52 million veteran-owned businesses in the U.S. Considering this study was conducted in 2012 and released in 2015, this number has most likely grown over the […]
How To Get An SBA Loan With A Challenged Credit History
Many small businesses struggle with a challenged credit history or with having any credit history at all, especially when they are just starting out. In the beginning, your business finances, personal finances, and your credit may be intertwined more than you would like. Because of this, your business credit history and your own personal credit […]
Small Business Loans For Women-Owned Business
The number of women owned businesses has increased by 58% since 2007. A 2018 report from the Women’s Business Enterprise National Council (WBENC) reports that there are 12.3 million women-owned businesses in the US. Although this number may seem staggering, in comparison to the overall workforce, these businesses only make up 21% of all employer-owned […]
How To Best Prepare For Your Business Loan Application
Your company needs to apply for a small business loan, but what are banks and lenders really looking for in your application? Do you know what you need to provide, and what steps you can take to increase your chances of getting approved? Banks and lenders consider several factors when considering an applicant’s loan, and […]
Is an SBA Loan Right For Your Business? What You Need To Know Before Your Lending Appointment
Your business may be looking to purchase new machinery, undertake a remodel, or perhaps you just need some capital. Regardless, you’ve determined it’s time for a loan, and you’ve heard SBA loans are the way to go for small businesses. But is an SBA loan the right fit for your organization? And if so, what […]