If you’re planning to open a secured or unsecured line of credit for your small business, make sure to avoid these common and completely avoidable credit mistakes.

One of the most common SBA loans distributed to small business owners is the SBA 7(a) loan. By guaranteeing a portion of the loan, the SBA incentivizes local and national banks to offer loans to aspiring business owners for lower interest rates and more favorable terms. There are many advantages to utilizing the 7(a) loan program over more traditional bank loans. Here are a few of the biggest.

Small businesses are feeling the strain of higher interest rates after the Federal Reserve’s decision to raise rates on March 23, 2023. Over the past 12 months, the Fed has been gradually increasing interest rates, and the Wall Street Journal Prime Rate is now at 8%. This benchmark rate is significant, as many loans, including SBA small business loans, are tied to it. Let’s explore the effects of interest rate increases on small businesses and how Tenet Financial Group’s ROBS program can help.

The topic of startup funding is a stressful one for many entrepreneurs. They have big dreams for their business, but they aren’t sure how to get it off the ground without large amounts of debt. Fortunately for aspiring business owners, there are numerous ways to tap into the money you already have at your disposal.

Franchising offers entrepreneurs a popular business model to establish their ventures by leveraging established brands and systems. However, franchise funding is essential to turn the dream of owning a franchise into reality, requiring capital investment. This article explores funding options and provides insights for aspiring franchisees to navigate the financial landscape.

If you’re preparing to fund your business with ROBS, it’s important to understand the restrictions surrounding owner compensation.

A Rollover as Business Startup (ROBS) is a popular funding method for new franchises and small businesses. ROBS allows small business owners to use personal retirement funds to purchase company assets and pay employee salaries.

However, a business doesn’t have to be brand-new to leverage ROBS funding. Learn how existing businesses can use ROBS as a funding option, too.

The change of the seasons has people itching to tidy up their rooms, clean out their closets and bring a breath of fresh air into their homes. But spring cleaning isn’t only a good idea for where you live. Small business owners can also benefit from doing a little spring cleaning of their own.

The right time is different for every person and depends on factors like your current job, financial status and willingness to succeed. Buying a franchise is entirely based on where you’re at in life. Here’s how to tell if your right time is now.

Ever work with a company that inspires you by its work ethic, expertise and professionalism, but, more importantly, has a heart and passion for what they do?

Recovery after such a loss is traumatic and the road is long, but the following Top 5 Tips for Business Recovery After Hurricane Damage will help you begin the process to restoration.

Here’s a quick overview of the SBA’s most popular loan type – the 7(a) Loan.