According to CNN, the Thomson Reuters/PayNet Small Business Lending Index shows July had the highest borrowing level in seven years. The numbers show small business owners are taking loans to do more than just replace worn out equipment. Read more...

Be wary of alternative lenders, reports Businessweek. They often charge exorbitant interest rates. One such company, LenderVantage, promoted by Larry King, offers a loan program with an annual interest rate equivalent to 100 percent. Read more...

Many small businesses ignore essential office upgrades and concentrate on pinching pennies, and the reality, however, is that frugality can ultimately lead to a company’s downfall especially in regards to preparing for office fires. In a recent infographic published by Eastern Kentucky University, it is revealed that over 50% of office fires occur due to cooking, electrical, lighting and heating equipment. Additionally, the National Fire Protection Association reports that fire departments respond to an estimated 3,340 office building fires annually. This leads to an annual average an astounding $112 million in direct property damage. Investing in equipment upgrades and regular maintanence is an easy way to prevent office fires, and one of the many described in the graphic. Read more...