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News (2428)

New Lending Rule

A new small business lending rule created to combat unlawful discrimination has been finalized, reports Small Business Trends. 

The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress that will improve transparency in small business lending, as well as helping to promote economic development while combating unlawful discrimination.

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Business Owners Worried About Capital

According to the U.S. Chamber, small business owners are more worried about where they will get capital from than they were five years ago.

Small business owners’ perceptions of their access to capital have declined over the last five years according to the latest MetLife and U.S. Chamber Small Business Index

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Tips for Finding the Right Employees for Your Small Business

As a small business owner, getting the right people to implement your vision can be challenging and time-consuming. You must ensure that you hire individuals with the necessary skills and experience that fit well with your company culture and values. Sadly, most small businesses get hiring wrong, and some end up making losses and closing altogether. Here are some tips to help you find the right employees for your small business.

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Using Social Media to Grow Business

Small business owner uses TikTok to get her product in a big retail store, reports Business Insider. 

I never planned to be in business. I studied sociology at Santa Clara University because I'm fascinated by people's behavior and I come from a multicultural background. 

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Quality Labor Missing

According to Small Business Trends, businesses are still struggling to find quality labor. 

Labor quality remains a significant challenge for small business owners, with 23% citing it as their top operating issue, according to the NFIB’s monthly jobs report.

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Local Ads Good for Small Business

Local advertising is important for small businesses, reports Business Insider. 

The Little Rock, Arkansas-based florist Tipton & Hurst has been in business for 137 years and has enjoyed steady popularity within the community. 

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Businesses Feel Credit Crunch

Small businesses are beginning to feel the credit crunch, reports Forbes. 

The big question going into this week’s Federal Open Market Committee (FOMC) meeting was whether Fed Chair Jerome Powell would announce a continuation of interest rate increases. 

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Surviving a Recession

Smal businesses can take steps to weather a recession, reports Forbes.

The warning bells are sounding for America’s economy in 2023. While no one can predict the future with 100% certainty, nearly every forecast has recession on the horizon

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Yellen at Banking Conference

Earlier this week, Treasury Secretary Janet Yellen spoke at a banking conference about the government’s decision to protect both insured and uninsured depositors after Silicon Valley Bank and Signature Bank failed.

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NFIB Not Keen on Biden’s Plan

The NFIB is critical of Biden’s new federal budget, reports Moody on the Market

Every year, the White House proposes a new federal budget request to drive tax and spending decisions in Congress. The Biden Administration released the Fiscal Year 2024 budget proposal last week, which includes tax increases that would further harm small businesses

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