3 Mistakes to Avoid When Starting Your Small Business
We know how exciting starting a small business is—seeing your passion project become a reality is an indescribable experience. However, the journey to launching a business is one that often has pitfalls that are easy to fall into, even if you’re not new to the field. We’re here to walk through some common mistakes that […]
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 […]
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 […]
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 […]
3 Small Business Trends in a Post-Pandemic New Normal
At Growth Capital, we do more than make small business loans. We stay a step ahead of business trends, whether it’s events that affect small businesses or small business resources that can help your business thrive. But we never would have predicted the global pandemic that was particularly challenging for small businesses. Thankfully, it appears […]
Ohio New Small Business Growth
The Growth Capital team is elated by the news that once again, Ohio entrepreneurs have launched record numbers of small businesses. Last month, the Ohio Secretary of State reported that March’s new business filings were up 47% over March 2020 and set a new record for filings in a single month! The good news comes […]
5 Signs Your Business is Ready to Apply for an SBA Loan
Are you ready to take the next step to grow your business? If you’ve hit a wall with your business plan, have plateaued in sales or are simply looking for a change—it might be time to apply for a business loan that can provide the stimulation your business needs to get over the hump. A […]
Grants To Help Your Small Business in Ohio
Grants are sometimes overlooked but can be a fantastic way to generate funding for your small business. There are a variety of grants offered on a national level and state levels, some through government agencies and others through private corporations or non-profits. Doing the research and seeking local expertise can help you find out which […]