8 04-2016

5 Ways to Help Secure Alternative Financing for Your Small Business

By | 2017-09-14T11:21:05+00:00 April 8th, 2016|

Does the thought of applying for a traditional small business loan make you break out in a cold sweat? If you’re like a lot of small business owners, a traditional loan simply isn’t a possibility. Your business might not generate the kind of cash flow traditional lenders want to see before offering a loan. You [...]

24 11-2014

Why Access to Capital in New York City?

By | 2017-09-14T11:21:13+00:00 November 24th, 2014|

New York City. Undoubtedly, nearly everyone has an image or idea that comes to mind when they hear that name. Maybe it's a picture of the New York City skyline, or a memory of a time you walked through Central Park on a windy afternoon. So why did we choose New York City as our next [...]

20 08-2013

Why Small Businesses are Turning to Alternative Funding Sources

By | 2017-09-14T11:21:21+00:00 August 20th, 2013|

According to the Small Business Administration, more than half of Americans own or work for a small business. In fact, small businesses create about two out of every three new jobs in the United States each year, making them an integral part of our economy. Despite this importance, many small businesses continue to have a hard [...]

2 07-2013

How Small Business Credit Has Changed Since The Great Recession

By | 2017-09-14T11:21:21+00:00 July 2nd, 2013|

With strict qualifications for traditional loans, many small business find their loan applications denied. SBA lending is a great alternative to traditional commercial loans-- SBA loans have longer amortization periods and can offer higher loan amounts. The SBA finances small business comprable to banks but with more reasonable application standards for emerging businesses. Read more about SBA lending in this Q&A with First State Bank Senior Vice President and Loan Officer, Steve Valiquette:  

The Small Business Administration's (SBA) lending program is a major part of U.S. business growth, and these loans can often be substituted for traditional commercial loans with some benefits to the borrower.