Print Page   |   Your Cart   |   Sign In
Business
Group HomeGroup Home Blog Home Group Blogs

How To Expand Your Business With An SBA Loan

Posted By Arizona Small Business Association, Wednesday, September 24, 2014

If you’re wondering how to fund the expansion of your small business, you might want to consider the (SBA) loan program. If you are having trouble qualifying for a bank loan these loans are a great option.

The Small Business Administration offers a variety of financial programs aimed at helping small businesses succeed.

Tags:  Lending  Loans  SBA  small business 

Share |
PermalinkComments (0)
 

Women Business Owners Struggle Getting Bank Loans

Posted By Arizona Small Business Association, Wednesday, August 27, 2014


According to Biz2Credit, women's business loans approval rate is 20 percent less than men's. Banks have been apprehensive to lend to small businesses since the recession, and often women-owned businesses were younger, making them more of a risk. Women's credit scores came in 20 points lower than men's, an improvement over 2012. There are lending options though through programs such as the Arizona Small Business Association's ASBA PULSE.

Tags:  access to capital  asbanews  lending  small biz  small business  women-owned business 

Share |
PermalinkComments (0)
 

ASBA Update with CEO Rick Murray: Access to Capital, Affordable Care Act

Posted By Rick Murray, Arizona Small Business Association, Wednesday, August 20, 2014

ASBA's CEO Rick Murray provides an update for Arizona small business owners on what is available to help them with their business.

- Access to capital with ASBA Pulse
- Affordable Care Act health insurance options
- ASBA's Open House Business Expo & Free networking








Tags:  Access to Capital  ASBA News  Free Networking  Lending  Small Biz  Small Business 

Share |
PermalinkComments (0)
 

Small Business Lending Slowly Recovering

Posted By Arizona Small Business Association, Wednesday, August 20, 2014


According to new data from the FDIC, at the end of the first quarter, small business lending was up 1% from last September, but still 18% less than the peak in 2008. Small-business lending is slowly recovering, but still lags behind most other types of business & consumer loans.

Tags:  ASBA news  Capital  Lending  Loans  Small Business Lending 

Share |
PermalinkComments (0)
 

Access to Capital Is A Great(er) Challenge For Women

Posted By Rhette Baughman, Arizona Small Business Association, Monday, August 11, 2014

On Monday, August 11, 2014, the National Women’s Business Council (NWBC) released new research on High Growth Women-owned Business' Access to Capital. The report, prepared by Alicia Robb and Susan Coleman of Marin Economic Consulting company, outlines the differences between men and women business owners, regarding the scale of business growth, amount and sources of financial capital, and the relationship between the two. The report findings on women’s financial capital are sobering: on average, women received only two percent of total funding from outside equity. Among the most successful firms, men started their businesses with six times as much capital as women did. Women’s access to capital remains one of the most significant barriers, and is too often the factor preventing the growth of women-owned small businesses. Within the report, the National Women’s Business Council has proposed solutions for women entrepreneurs, advocates, funders and policy makers to remedy the issue of women’s access to financial capital.

“Women need money to grow their businesses, and this report gives us more data showing that the capital they are able to secure is insufficient. The National Women’s Business Council continues to advocate for greater access to capital for women entrepreneurs,” said NWBC Council Member Rose Wang. “Our research on this issue enables us to make recommendations to support the entrepreneurship ecosystem, including government, funders and non-profits. We’ve discovered that on average, men start their businesses with nearly twice as much capital as women – $135,000 vs. $75,000. Among high growth firms, men start with six times as much capital as women. This must change. In order to narrow the entrepreneurship gender gap and truly broaden the pathway for women entrepreneurs, access to financial capital must continue to be a priority.”

"Accessing capital is a great burden for all, but this research again confirms that the burden is greater for women entrepreneurs – and even among those with significant high-growth potential. Too many women underestimate themselves and their business’ growth potential even though the data confirms that they are more likely, than their male counterparts, to see growth. This is something that must be remedied, and the good news is that it can be remedied," says Amanda Brown, the Executive Director of the National Women's Business Council. "This data demands action, and really a cultural shift, to better support and enable women business owners. We can narrow the gender gap with more programming geared at women-owned businesses who have high-growth potential, like accelerator and incubator programs, equity financing programs, and business mentorship and training programs; or more women participating in STEM prior to entrepreneurship. Think if there more women on the financing and investing side, as angel investors or members of a venture capital screening committee, or investors doing more to find, and then fund, women entrepreneurs with investment-ready firms. That would change some things, I’m sure of it.”

Access to financial capital remains at the forefront of the NWBC’s agenda. As the government’s only independent voice on economic issues impacting women entrepreneurs, the NWBC will be sharing these report findings with Congress, the U.S. Small Business Administration, and the White House, among others. The full report is available online: High Growth Women-owned Business' Access to Capital.

For media inquiries or additional information on the report, please contact NWBC Communications Director, Krystal Glass, at Krystal.Glass@nwbc.gov.

Tags:  capital  finance  lending  small biz  small business 

Share |
PermalinkComments (0)
 

PayPal Expands Small Business Lending

Posted By Rhette Baughman, Arizona Small Business Association, Wednesday, August 6, 2014

PayPal is significantly enhancing it's credit business...announcing last week that its Bill Me Later credit-line program will now be called PayPal Credit. In addition, the company said it will continue to expand Working Capital, its small-business lending program, which launched last September. To date more than 20,000 businesses have borrowed over $150 million with Working Capital.

Tags:  Arizona Business  ASBA  asbanews  capital  finance  lending  PayPal  small biz  Small Business (Industry) 

Share |
PermalinkComments (0)
 

Most Small Business Owners Don't Take Loans

Posted By Rhette Baughman, Arizona Small Business Association, Wednesday, August 6, 2014



When it comes to business loans, the majority of small business owners don't apply for one. A recent survey by Sageworks, a financial information company, found that 3 out of 4 owners in businesses less than 10 years old said they have never applied for a loan for their companies.

Tags:  Arizona Business  ASBA  asbanews  capital  finance  lending  small biz  Small Business (Industry) 

Share |
PermalinkComments (0)
 

Join Fasturtle on 12/12

FT

Join Eric Olsen, Fasturtle Digital, with Search Engine Optimization (SEO) & Content:
How SEO and content marketing can help bring relevant traffic to your website.

REGISTER

Join ASBA

ASBA

ASBA is the most powerful resource for your business in Arizona. We ensure the tools we offer are valuable and support the growth, education and connections necessary for today’s top business minds.

LEARN MORE

Partner Program

ASBA

ASBA’s Partner Program delivers your brand throughout Arizona. Share insights, connect with small business and highlight your company’s involvement with the association. Contact Jodi Towns to get started.

LEARN MORE

RSVP

Coffee Connect with ASBA

REGISTER

Date: Held monthly
Time: Click for times based on location

RSVP

ASBA Speed Networking

REGISTER

Date: Held monthly
Time: Click for times based on location

Have Questions on Health Insurance?

Health Insurance

Do you have questions on plans for Individual, sole proprietor, or group? We can get the answers needed to make sure you find the right plan for you and your employees.

LEARN MORE

ASBA Ask a Lawyer

ASU Law Group

ASU Law Group is here to help you with your small business legal needs! Fill out the form today and an ASU Law Group attorney will reach out to you. Only for Business/APEX members.

ASK A LAWYER

Upcoming Events

Health+Plus

Join ASBA at any of our upcoming events!

REGISTER

Association Management Software Powered by YourMembership  ::  Legal