Small Business Employee Income Reaches New High


NASHVILLE, TENNESSEE (May 11, 2018) excerpt via CNBC - Small business workers saw their earnings grow at the highest rate in two years, according to a new Paychex report.

Hourly earnings increased by an annual rate of 3.25%, the study found. Among the 50 states, Tennessee placed first for small business job growth, and Arizona saw the highest hourly-wage growth.

"The low unemployment rate is contributing to steady increases in wage growth," Paychex CEO Martin Mucci wrote. "With tightening labor conditions and wages continuing to show positive momentum, business owners and HR managers will need to focus on recruitment and benefit strategies to attract and retain qualified talent."

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The Lending Gap is Growing for Women Business Owners


NEW YORK, NY (April 2, 2018) - The gender gap in business lending is growing, according to the State of Women-Owned Small Business Finance Study.

“Last year the average funded business loan for women-owned firms was $57,097, down from more than $99,000 in 2016,” CNBC reports. “In comparison, the average size of a business loan for male entrepreneurs was stable, at $103,604.”

This trend is worrisome for the growth of women-owned businesses, which have historically been underserved by lenders.

Read the entire article here.

Only 4% of small business loans go to women business owners, the Senate Committee on Small Business and Entrepreneurship determined in 2014. As America’s first and only socially responsible business financing platform, is committed to leveling the playing field for all business owners, including those who have historically been denied access to capital. Our mission: Financial inclusion. Create a free Funding Profile to access the complete network of all 14,000 community banks, credit unions and CDFIs in the United States and start matching with the best financing for your business.

A Guide to Navigating the New Tax Law


WASHINGTON DC (January 17, 2018) - 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. Our mission: Financial inclusion. Create a Funding Navigator profile now.