Female-owned businesses are on the rise, but obtaining a small business loan may be more difficult for those who do not develop strategic relationships with alternative lenders.
The SBLF is facing federal scrutiny as investigators discovered $2.1 billion of the program’s $4 billion went to bailing out banks rather than to financing small business loans.
As big banks continue to prefer financing established companies, small business owners rely on alternative lenders to secure the funds they need.
The Obama administration recently proposed a tax break for small business owners who hired or gave raises to employees last year.
Although many U.S. small business owners say they are sick of Washington’s work, many of them remain hopeful about the future. Though many small business owners expressed frustration with recent government debates, many are still optimistic about their own business prospects for this year.
A survey found that although the economy is improving, many small business owners are still wary of the current economic conditions. However, despite their wariness of the economy, many small business owners are optimistic about their company’s future and potential.