News (2422)
Small Business isn't Seeing a Boost from Crowd Funding
Investment crowdfunding isn’t raising all that much cash for small businesses, reports the Seattle Times. Currently, there are less than 50 businesses on the government approved small business crowdfunding site and they have raised under 3 million dollars collectively.
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Small Business Lending is Community Based
According to Fox Business, community banks continue to dominate small business lending. About 40 percent of all the lending small businesses receive is from a community bank.
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New Pay-Per-Line Model to Redefine Business Phone Service
Cebod Telecom, a leading VOIP Business phone service provider, is pleased to announce New Pay-Per-Line Model, designed to redefine Phone Service for small to large businesses. This model gives direct competition to other cloud phone service providers like, RingCentral, 8x8 and Jive by offering a more economical pricing structure.
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App For New Business Ideas Now Available On Android Devices
GoDaddy Inc. (NYSE: GDDY), the world's largest technology provider dedicated to small businesses, announced today that Flare is available for download in the Google Play store. GoDaddy launched Flare, a community-based app enabling entrepreneurs to bring their business ideas to life, on iOS in May, and the app was featured by Apple in the App Store earlier this month in its "New Apps We Love" section. Since its launch, Flare has created a vibrant community among consumers, budding entrepreneurs and experts.
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Small Business Borrowing Slows
Small business borrowing is down again, reports Reuters. May marks the third month that small business borrowing declined.
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New Twitter Dashboard Boosts Small Business Engagement
Twitter has launched a stand alone dashboard app geared at helping businesses manage their engagement, reports EndGadget. The customizable dashboard will let you see any mentions, retweets etc that your company might get all in one place.
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Small Business Owners and Personal Brands
According to Entrepreneur, some small business owners can benefit from having a personal brand. A personal brand is different from your business brand, it would allow you to continue working after selling your business.
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Small Business Owners Face Cyber Threat Unprepared
A new survey shows that many small business are unprepared for a cyber attack, reports eWeek. A majority, 75 percent, do not have cyber insurance or even know if their insurance offers cyber insurance. Even more troubling 22 percent of those surveyed aren’t performing regular backups of their data.
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Feds Consider More Oversight of Online Lenders
Online lenders that cater to small businesses, some who can’t get a traditional bank loan, generated $1.9 billion dollars in loans in 2015. This is up 60% from 2014. Now, federal regulators are wondering if there should be more oversight of the industry.
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Credit Scores No Longer Holding Small Business Owners Back
According to Small Business Trends, small business owners with bad credit often could not get a business loan, but now some lenders are willing to work with owners that have poor credit. For example, Kabbage doesn’t require a minimum credit score, instead they focus on the health of your business.
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