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.
Studies show that although female owned businesses are on the rise, many women face more obstacles when it comes to securing a small business loan. Studies show that female small-business owners are still having a harder time securing financing to fund their organizations.
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 recent survey found small business owners lag far behind in directing resources toward online advertising. Small businesses directed more marketing dollars toward traditional mail than social media.
Without the proper safeguards on their digital information, many small businesses are at risk of cybercrime and data breaches. A recent survey found half of small business experienced a data breach, but only a third notified those involved.
The majority of entrepreneurs are using their own money to fund startups. A poll found many entrepreneurs are breaking their piggy banks and dipping into their personal savings to fund startups, though they may need a small business loan to grow operations.