NYC Program Provides Free Legal Services to Small Business Owners

New York City’s Department of Small Business Services launched a free service providing legal advice regarding leases and real estate issues for small business owners.

“Small businesses are the economic heart and soul of this city and they deserve every opportunity to succeed. The Commercial Lease Assistance Program will give small business owners the help they need to resolve legal issues without driving them out of business,” Mayor Bill de Blasio said.

Read the entire article here.

SourceFunding.org works to support the best interest of small business owners and provide a transparent alternative to predatory online lenders. We offer business owners a nationwide Responsible Finance Network™ of 14,000 trusted community lenders, connect them with the best match for their business, and streamline the process with our Universal Application and support from Funding Advocates. Learn more about how it works.

Business Tips for Student Entrepreneurs

Starting a business as a student is an exhilarating challenge that requires a strategic approach. Entrepreneur offers a guide to smart financial tips for students starting out in the business world.

Read the entire article here.

SourceFunding.org connected Medgar Evers College student Ashley Warmington with a 0% interest loan for her AirBnB management company CozyOasis.

“Searching for financing to grow my company took a lot of time away from running my business and each lender handed me a big stack of application forms,” explained Ms. Warmington. “SourceFunding.org on the other hand was able to match me with the right funding from the most trusted source and on the first attempt — saving significant time and money — all with the assistance of a personal Funding Advocate looking out for my best interests and assisting throughout the process and when I ran into issues with the lender.”

Ashley is an incredible example of what’s possible for students with an entrepreneurial spirit and a brilliant mind for business - read her story here.

Time-Saving Technology for Entrepreneurs

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Running a small business is a life-consuming career choice: one third of small business owners work more than 50 hours per week, and one fourth work more than 60 hours per week, according to a New York Enterprise Report poll.

GirlTalkHQ presents the latest innovative tools to run your business with the help of automation and artificial intelligence.

Surprisingly, email takes up more time than any other activity, the article reports. 32% of business owners’ time is spent on email, with unscheduled communication taking the longest. Smart email tools and digital assistants are two resources that can save hours of time each day so that business owners can focus on high-level tasks.

Read the entire article here.

88 million hours are wasted each year by American businesses applying for financing that isn’t the right match for them. SourceFunding.org helps you get the right funding from the right source. Our platform is designed to speed up the business loan application process with a universal application and cutting-edge matchmaking technology, providing a quality alternative to predatory online lenders. Create your free Funding Profile here and start matching.

Savvy Advertising Strategy for Small Businesses

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Advertising is essential for any company to spread brand awareness, and yet most small businesses don’t have an advertising professional on staff or understand how to maximize its use.

Forbes presents a guide to advertising for small business owners with a focus on doing a lot with a little - using resources and time intelligently and effectively.

“Creativity has nothing to do with size of your budget or team. As Vahbiz has seen with many of her nonprofit clients, being creative with where you spend what few resources you have is the key to success. Take the time to think about what you have and how to use it best to grab headlines,” Anuja Khemka writes.

Read the entire article here.

SourceFunding.org saves you valuable time and money by streamlining access to high-quality, low-cost financing. Our universal application matches you with the best financing from our network of 14,000 community lenders - because nobody has time for predatory online lenders, high interest rates and hidden fees. We help business owners connect with financing so that they can get back to work and focus on what they do best. Create your free Funding Profile here and start matching. 

Small Business Owners Have Low Confidence in Retirement Prospects

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A new survey by Paychex indicates that 69% of small business owners have little confidence that they will be able to retire comfortably.

Only 20% of small business owners confirmed that they were very confident in their retirement savings, reflecting a nationwide trend of low confidence in retirement security.

Read the article here.

Build confidence in your business by securing quality, low-cost financing from the nation’s largest network of 14,000 trustworthy community lenders. SourceFunding.org simplifies the business loan application process and provides the first real alternative to predatory online lenders. Create your free funding profile here.

Building Cybersecurity Awareness

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The increase in cyberattacks in recent years leaves America’s 30 million small businesses at risk - and yet many business owners are not taking adequate security measures, assuming that they are not a likely target. However, nearly 50% of the American workforce is employed by small businesses rather than larger high-profile companies, leaving millions of workers vulnerable.


“Small businesses are targets, and many are unprepared for cybersecurity challenges including ever-changing and increasing threats from malware, viruses and ransomware against intellectual property and company data,” writes Maria Roat in The Washington Times. “Nor are they adequately prepared to recognize or respond to an internal or external incident.”

Read the article here.

SourceFunding.org supports small business owners, streamlining access to America’s largest network of 14,000 trustworthy community banks, credit unions and financial institutions. Our universal application and cutting-edge matchmaking software make it simple to find and secure quality, low-cost financing. Create your free funding profile here.

 

Achieving Success in the Online Business World

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Building an online business is an incredible challenge that requires a unique mindset and approach. 

Suhaib Mohammad at Entrepreneur offers seven ingredients that business owners need to thrive and grow a business in the online business world. “The arrogance of success," he quotes William Pollard, "is to think that what you did yesterday will be sufficient for tomorrow." 

Read the article here.

SourceFunding.org accelerates your path to success: our universal application, state-of-the-art matchmaking system and unprecedented network of 14,000 community lenders ensure that you match with the funding that’s right for your business. Why spend hours applying to one lender when you can find the best match from with the world’s largest network? Request access here.

 

Coping with Stress for Business Owners

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Running a business can be an immensely satisfying experience, but the mental and emotional burden is heavy. Many entrepreneurs work independently or remotely, limiting social contact and sense of community. Business owners are responsible for their employees, paying the bills, and the success of the company as a whole.  

The business blog Real Business addresses the often-overlooked issue of wellness and stress relief for business owners, and steps they can take to improve their well-being. Read more here.

88 million hours are wasted each year applying to funding that isn’t a good fit. SourceFunding.org works to save time and money for America’s small business owners: our technology helps to easily find and secure the quality, low-cost and transparent financing they need to expand and create jobs. Apply for access to our unprecedented network of 14,000 community lenders here.

Smart Marketing Hacks for Small Business Owners

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With so many responsibilities, small business owners often make marketing a lower priority. However, marketing plays a crucial role in every business - if people don’t know your product exists, they’re not going to buy it. TGDaily provides some excellent advice on how to streamline and maximize your marketing efforts. Read the entire article here.

SourceFunding.org helps entrepreneurs save time and secure quality, low-cost financing quickly and easily. Every day in the United States, 8,000 small business owners are declined funding, who would have been approved if they had applied to a lender who was the right match for them. Introducing a better way to fund your business: SourceFunding.org’s state-of-the-art matching system and national network of 14,000 community lenders make it simple to get the right funding from the right source.

How the Tech World Can Help Small Businesses

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Devin Wenig, CEO of eBay shares a compelling Op-Ed in USA Today highlighting the importance of connection and collaboration between the tech industry and the small business world.

“Creating pathways between remote areas and urban centers is beneficial in recirculating economic prosperity. Instead of painting the tech sector and innovation as job destroyers, we need a new model of public-private tech partnership where technology companies and public officials come together to rev the small business engine,” Wenig writes.  

Read the entire article here.

SourceFunding.org bridges the traditional and tech worlds, offering a common application and matchmaking system that provide unprecedented access to a national network of 14,000 community lenders. Learn more about our mission here.

Big Data for Small Businesses

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Big Data and artificial intelligence have been hot topics in the media lately - and yet most entrepreneurs don’t realize that they can use these tools in their own business.

“The majority of techniques used in Big Data and the Internet of Things (even some artificial intelligence) don’t require a large budget or a huge staff. They only require a willingness to learn and experiment,” the business blog SmallBizTrends reports.

The blog presents a fascinating list of books on Big Data, introducing the opportunities that it offers for business and offering ways to utilize these resources.  

Read the entire list here.

SourceFunding.org’s revolutionary matchmaking platform uses machine learning to improve outcomes as each business applies for financing. Every lender uses a unique loan application that takes 30+ hours to complete. Our universal app will do the paperwork and submit for you. Learn more here.

A Guide to Navigating the New Tax Law

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The Tax Cuts and Jobs Act offers a 20 percent deduction for business income from limited liability companies and S corporations, causing many entrepreneurs to contemplate whether they should incorporate their business. However, the new law provides numerous stipulations that are important for business owners to understand.

CNBC offers a straightforward guide to evaluating and maximizing the tax law for your business. Read the entire article here.

Transparency, quality and efficiency are our top priorities in matching businesses with financing. Most lenders use unique loan applications that take 30+ hours to complete. Our universal app will do the paperwork and submit for you. Learn how it works here.

5 Issues for Small Business Owners in 2018

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The Times Gazette provides an outline of prominent issues affecting small businesses in the current economic and social climate. Healthcare, taxes, market trends and human resources are important topics for all business owners.

Read the entire article here.

The new year also offers a promising start: “The government's figures on retail sales and consumer spending show Americans were feeling fine about spending as 2017 ended, a sign that business will be good in the new year,” the Times Gazette reports.
 

SourceFunding.org was founded as a low-cost and transparent alternative to the many predatory online lenders currently in the marketplace. We work exclusively with high-quality traditional community lenders - learn more here.

The Downside of Crowdfunding

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New research indicates that business projects that market themselves as both innovative and useful have a higher risk of failure on crowdfunding platforms.

Crowdfunding has become a popular approach to business financing in recent years, with the advent of Kickstarter and similar platforms. However, a new study by INSEAD business school, the University of Technology Sydney (UTS), HEC Paris and Singapore Management University shows that when projects marketed themselves as being both “novel” and “useful”, funding dropped by 26%.

“Prior research has shown that products that are novel and useful typically succeed in the marketplace. But when projects make both claims, backers either assume a product’s benefits are inflated, that it carries a high risk of failure or that it divides the crowd between believers and skeptics, making it hard for backers to pick a side,” says Professor Amitava Chattopadhyay of INSEAD, who co-authored the study

Read the entire article here.

This suggests a troubling trend for entrepreneurs seeking financing through crowdfunding, where audiences may be fickle.

Fund your business the right way. SourceFunding.org offers a universal funding application that provides access to 14,000 community banks in our Responsible Finance Network and matches your business with funding that’s right for your business. We promote better outcomes for small businesses.

Three Ways to Keep Your Small Business Running After A Natural Disaster

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Excerpt via FORBES - Natural disasters can strike at any time, and have a devastating impact on communities and small businesses. For owners, government organizations like the Small Business Administration (SBA) have been offering disaster relief since before World War II, and continue to do so today with Hurricanes Harvey and Irma. According to MarketWatch, as of last week, the SBA had received 2,117 loan applications from residents and businesses affected by Hurricane Harvey.

Unfortunately, not all small businesses are able to recover after a natural disaster, and 75 percent of small businesses don’t have a disaster plan in place. According to the Federal Emergency Management Agency (FEMA), 40 percent don’t reopen after a natural disaster due to the astronomical cost of repairing damages. Even if the small business does reopen, 52 percent of owners say it would take at least three months to recover.

Every year, business owners spend 88 million hours applying for funding that isn't a good match for them - time that nobody has to waste. These businesses would have received funding if they applied to the lender that was the best match for them. SourceFunding.org has a network of 20,000 community lenders and helps you get the right funding for your business, from the right source. Learn more here

To read the entire article, click here.