Are you thinking about using an online lender to finance your small businesses? If so, there are a few things you should know before you get started.
As a small business that specializes in healthcare benefits, Benefit Management, Inc. (BMI), a third party insurance payer located in Joplin, Missouri, is quick to recognize the importance of employee wellness. That’s why they were so excited to participate in our Healthy Business, Healthy Community Workplace Wellness Challenge this summer.
Republican plans to repeal the Affordable Care Act were like something out of a B horror movie: terrifying at times, very unrealistic and surprisingly difficult to kill. Fortunately for America’s small businesses, conservative lawmakers failed for now to gut the ACA. This development is wonderful news given that small firms like ours struggled with health care costs for years before the ACA led to better health coverage and more choices at lower prices.
Around the country, small business owners are struggling to find qualified employees. In fact, some 40% of American employers cite lack of skills as the No. 1 reason for entry-level job vacancies, especially among young job candidates. Meanwhile, the youth unemployment rate in our country remains considerably high after the aftermath of the Great Recession. Though some small businesses may want to help address this problem while identifying potential talent, they often don’t have the resources to sponsor an internship or mentoring program.
The way small businesses borrow money is being completely transformed by the rise in online lending. Innovators are providing faster and easier ways to borrow and increasing access to credit in communities that have historically been underserved. But this transformation will only achieve its potential if it is built on transparency, fairness, and putting the rights of borrowers at the center of the lending process.
Our Healthy Business, Healthy Community Workplace Wellness Challenge has recently come to an end in Missouri, and we’re celebrating its success! The Wellness Challenge inspired many of our small business participants to commit to healthier habits, like eating right and exercising, all while participating in fun activities and interacting with other local businesses.
If you haven’t followed along with us during the Wellness Challenge, read on below for a recap!
Are you a small business owner looking for alternative funding options beyond a traditional bank loan? A CDFI loan might be the answer you’ve been looking for.
While traditional bank lending is down, organizations called community development financial institutions, or CDFIs, are stepping up to fill the void by focusing on supporting small businesses and local economies in a holistic way. So what is a CDFI?
Alex Code, founder and co-owner of Line 45, a mapping and software solutions company in Gaylord, Michigan, says that becoming an entrepreneur has been his dream since he was fourteen years old. But when he was diagnosed with ulcerative colitis, an autoimmune disorder, as a college student, Alex was sure his dream would never become a reality.
Michelle Mauricci, a true entrepreneur, has owned not one, not two, but three small businesses. Her current business, Think Possible, located in Reno, Nevada, is a personal business-consulting firm that helps entrepreneurs navigate their health coverage options under the Affordable Care Act (ACA), among other services. Michelle also receives her own coverage through the ACA’s individual marketplace, and credits the healthcare law with allowing her to follow her entrepreneurial dreams.
Are you a small business owner interested in taking out a loan? The U.S. Small Business Administration’s loan guarantee program can help small business owners who are unable to get loans from traditional banks.