Bank loans are usually the least expensive way to finance a small business. However, it is not easy to get a bank loan, as banks have strict standards for lending. As a general rule of thumb, banks will require a borrower to put up collateral for a loan. The only exception to this rule is for clients who have a long-term relationship with banks and whose business has proven to be profitable over a multi-year period.
Access to Capital
Have you heard about federal procurement as an opportunity for your business, but don't understand how to get started? This overview serves as a starting point for small business owners interested in learning more.
You want to drive more traffic to your website, and you think digital advertising might be the way to do it. If you're interested in using a pay-per-click tool like Google AdWords, you can use this calculator to estimate the return on investment you might earn from this kind of marketing campaign.
Email marketing can be a great way to increase sales from customers who have signed up to receive your updates. But these campaigns can take time and money, resources a small business owner must spend carefully. This calculator can help you estimate your expected return on investment so you can spend your marketing dollars wisely.
Have you heard that federal procurement is an opportunity for your small, women-owned, minority-owned or disabled veteran-owned business, but don't understand the advantages or how to register? This overview serves as a starting point for small business owners interested in learning more.
You’ve created a business plan for your small business, in which you laid out your vision, strengths, resources and goals for the future. Now it’s time to think about a marketing plan. The two documents will work together in helping you realize your small business’s potential. In fact, your marketing plan will build on the goals you’ve already laid out in your business plan.
For some small business owners, marketing comes naturally. For others, it's a skill that takes time and investment to get just right. The Small Business Administration has created a quick course covering all the basics you need to know to start marketing your business.
WASHINGTON, Jan. 18, 2017 /PRNewswire-USNewswire/ -- The U.S. Department of Commerce, Minority Business Development Agency today released a new report, Contracting Barriers and Factors Affecting Minority Business Enterprises: A Review of Existing Disparity Studies. The report, which spotlights disparities in state and local government contracting between minority-owned and nonminority-owned business enterprises, provides an in-depth review and analysis of disparity studies, summaries, and reports.
Minority entrepreneurs represent some of the fastest-growing segments of business in the United States today, and make up about 17.5 percent of all employers in the country. Yet they often face a dilemma when it comes to marketing their product: How do they appeal to the widest possible audience while also banking on their background and directing services to the communities they came from?
When borrowing from family and friends is the only way to start or fund a business, the following steps can greatly reduce that risk. First, you must inform the person you’re borrowing from how much money you need, what you’ll use it for and how you’ll pay it back. Next, draw up the legal papers -- an agreement stating that the person will indeed put money into the business.