Effective immediately, the new SBA Administrator, Linda E. McMahon, has rescinded the November 1, 2016 notice to rebrand its two core business loan programs. The names of the loans have returned to what they were previously: the "7(a) Loan Program" and the "504 Loan Program." Click here to read the official notice... Read more
When you think back to the impression you’ve been given your whole lifetime, you can probably tie the word “job” to security. Always accepting the notion that the longer you stay somewhere, the better off you will be. Some of you reading this may even have upheld that notion and are now at a crossroads; you’ve severed ties with a longstanding employer and you’re well into your working years.... Read more
Starting a new business or franchise can be very exciting. However before you take the leap, it’s important to understand and calculate the costs involved. Not only are there are a variety of expenditures and fees for the launch of a startup, there are also ongoing expenses to take into account to keep your doors open long-term.... Read more
"If only I had known." That phrase is not the one you want to be uttering shortly after embarking on a new business venture.
Ideally, beginning your own business should be a time of excitement and joy. The way to keep the joy flowing long-term is to start off on the right entrepreneurial foot from the very beginning. Here, then, is a short list of things you should know before you become an entrepreneur.
Click here to listen to the recent Benetrends podcast that addresses recent changes in the SBA world. The podcast covers the recent SOP changes and their effect on franchisors, borrowers, franchise consultants and business brokers... Read more
You wanted to open your own business, but you didn’t have quite enough saved to make your dream a reality. Enter your family (or friends) with a loan that will allow you to open your business.... Read more