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SBA Issues PPP FAQs
November 20, 2024 Bob ColemanFounder & Publisher SBA Issues PPP FAQs The 8-page documentation is attached. A key point of emphasis is that lenders who still need to submit guarantee purchase requests are now under a 30-day deadline imposed by SBA to submit documentation when requested. The FAQs answer the following questions: 1. What is… The post SBA Issues PPP FAQs first appeared on Coleman Report.
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90% of Small Banks Meet with Small Business Loan Applicants — Versus 40% for Large Banks
November 19, 2024 Bob ColemanFounder & Publisher 90% of Small Banks Meet with Small Business Loan Applicants — Versus 40% for Large Banks Among the largest banks the practice of decision makers meeting with applicants is fairly rare — less than 25% of the time. However, 95% of banks with less than $500 million in… The post 90% of Small Banks Meet with Small Business Loan Applicants — Versus 40% for Large Banks first appeared on Coleman Report.
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Main Street Monday — NFIB Says Small Business Optimism Increasing Since Election
November 18, 2024 Bob ColemanFounder & Publisher Main Street Monday — NFIB Says Small Business Optimism Increasing Since Election Now that the election is over, the NFIB Small Business Optimism Report indicates that Main Street is beginning to feel less uncertain about future business conditions. NFIB Chief Economist Bill Dunkelberg states, “Although optimism is on… The post Main Street Monday — NFIB Says Small Business Optimism Increasing Since Election first appeared on Coleman Report.
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How Businesses Can Navigate A Changing Interest Rate Environment
Throughout the course of your small business, you will likely experience economic turbulence from time to time. The post How Businesses Can Navigate A Changing Interest Rate Environment published first on .
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Best Payment Processing for Small Businesses
Every small business has to get paid somehow. That’s the whole point of running a business, right? But a thrift store and an insurance company get paid in different ways. Retail outfits, like thrift stores, are just one of many types of businesses that need payment processing solutions. Payment processing for small businesses is an … Continue reading "Best Payment Processing for Small Businesses" The post Best Payment Processing for Small Businesses published first on .
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Fed Lowers Interest Rates, Here’s What It Means For You and Your Business
The Federal Reserve announced it will lower the effective funds rate by 50 basis points (0.50%). This officially ends an aggressive rate hike campaign that started in 2022 to quell inflation that at one point reached over 9%. Now that inflation is near the Fed’s 2% target, Fed Chair Jerome Powell announced the lowering of … Continue reading "Fed Lowers Interest Rates, Here’s What It Means For You and Your Business" The post Fed Lowers Interest Rates, Here’s What It Means For You and Your Business published first on .
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