26 03-2014

SBA Provides Fee Relief and Savings for Small Business Borrowers

By |2017-09-14T11:21:14-07:00March 26th, 2014|

"Small Businesses have saved more than $6.3M nationwide in fees that were eliminated," says the SBA. Small business borrowers who receive SBA 7(a) guaranteed loans of $150,000 or less during Fiscal Year 2014 (October 1, 2013 – September 30, 2014) are the main benefactors of the SBA Small Loan Guaranty Fee Relief Initiative, but SBA Lenders will [...]

14 02-2014

Oregon May See Increase of Small Business Loan Cap in 2014

By |2017-09-14T11:21:16-07:00February 14th, 2014|

While the economy has yet to fully emerge from its downturn, we have begun to see signs in favor of fostering growth and development in bigger businesses within the last few months. But this begs the question, when will the progress and profits of Wall Street begin to benefit Main Street? Since the 2008 market [...]

6 02-2014

New SBA Study Confirms Importance of Business Credit

By |2017-09-14T11:21:16-07:00February 6th, 2014|

A study released Wednesday by the Small Business Administration Office of Advocacy supports that the recent existence of business credit scoring has been largely beneficial to businesses, giving banks and other lenders a clearer picture of the financial standing of businesses they are considering lending to. While personal credit has been around for a long [...]

15 01-2014

You May Still Qualify: Applying for a Microloan

By |2017-09-14T11:21:17-07:00January 15th, 2014|

Speaking to a lender for the first time can be a harrowing experience.  The future of your business may be riding on the interaction and you may have concerns about qualifying for the loan if your business is new or if you don’t have all the necessary paperwork the lender is asking for. However, for [...]

18 11-2013

Access to Capital Seattle Wrap-Up

By |2017-09-14T11:21:18-07:00November 18th, 2013|

Access to Capital Seattle was similar to our other events: hundreds of small business and startup owners attended, there were four informative panels of experts, and over forty representatives from local and national lenders. Though the décor and programming was the same as Los Angeles, Chicago, and Atlanta, there was one welcome addition to our [...]

6 11-2013

SBA Announces $0 Loan Fees on Smaller Dollar Loans

By |2017-09-14T11:21:18-07:00November 6th, 2013|

It’s always exciting to hear about the new, unique solutions to small business finance that pop up: Lendio, an online loan matching service; Merchant Cash & Capital, coining the phrase “funding made simple” with its one-two-three cash advance service; Craft3, the Northwest’s non-profit lender that pairs CDFI loans with small business resources; and many, many [...]

25 10-2013

Another Risk in Taking Out Multiple Loans – Liens

By |2017-09-14T11:21:18-07:00October 25th, 2013|

The owner of a rapidly growing company recently ran into unexpected road blocks when he tried to borrow money to finance his business’s expansion, not because the lender doubted his ability to pay, but because the previous loans the owner had taken meant that the new lender would not be first in line to get [...]