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Understanding Liens

According to the Wall Street Journal, many small business do not understand how a lien works. Legally a lien is a claim attached to a loan that acts as a security interest for a debt owed, if the loan defaults the lender can use the lien to sell the borrower’s collateral to satisfy the debt. If your home is collateral for your loan and you default you could lose your home.  Read more...

Instagram as a Sales Tool

Instagram is proving to be a useful sales tool for some small businesses, reports USA Today. Businesses like bakeries, salons and restaurants-with items that photograph well-are increasingly turning to Instagram to highlight their products. Read more...

Microlender Steps in Where Banks Fear to Tread

Accion, a non-profit microlender, offers loans to small businesses when the banks say no, reports PBS News Hour. In addition to serving international clients, the microlender serves 49 states, which makes it the largest microlender in the US. Accion can help small businesses with less than perfect credit get funding. Read more...

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