Are women-owned business owners still paying too much to play? Three tips for female entrepreneurs and business owners who suffer from historical gender bias when they seek start-up capital or additional forms of funding.
Are women-owned business owners still paying too much to play? Three tips for female entrepreneurs and business owners who suffer from historical gender bias when they seek start-up capital or additional forms of funding.
With the collapse of Silicon Valley Bank and Signature Bank, a global pandemic, and rising inflation, economic uncertainty looms ahead for the U.S. and global markets. Loan Mantra provides tips to recession-proof your small and medium-sized businesses to foster economic resiliency and survive the challenges ahead.
Is it possible to start a business during a recession? Can you grow your business during a downturn? Loan Mantra provides tips on small business industries that typically survive, and even thrive, during a recession.
Financial holidays in August and October are great times to plan a business strategy while inflation is at a 40-year high.
Mint juleps, an old southern tradition, would make a nice spring drink special on any bar or beverage sales menu, at a Kentucky Derby party or any friendly gathering.
Securing the right financing is a critical part of running a successful business. While access to funding can support operations and influence growth, it can also come at a cost. Like any agreement, reviewing the fine print associated with small business loan applications is essential and should be a top priority. Down the line, you […]
Securing financing for a small business can be a difficult task. Banks reject roughly 80 percent of small business loan applications, leaving applicants searching for other options. While the strict standards put in place by traditional banks and credit unions regarding business owners’ creditworthiness and ability to repay loans are intended to minimize risk, they […]
Good news: On September 7th, 2021, the U.S. Small Business Administration announced the COVID EIDL cap will increase from $500,000 to $2,000,000. Even more, the cap for a single corporation will increase to $10.0 million. Though you can apply for a COVID EIDL loan of more than $500k today, any decisions on funding will occur […]
On June 30, the U.S. Small Business Administration (SBA) sent an email to all Restaurant Revitalization Fund (RRF) applicants announcing the official shutdown of the program. What should you know if you’re one in a majority of restaurant operators whose grant application is still pending?
The holiday season is here, and U.S. Congress has until midnight, December 18th, 2020 to hammer out a deal to garner additional economic aid for struggling small businesses. As death tolls from COVID-19 near 300,000, citizens are anxious over their physical health and their road to economic recovery. But whether D.C. arrives at consensus on […]