Boost Your Business: Insights for a Bigger Bottom Line
The Small Business Administration’s lending programs show interesting trends over the past decade (2014-2023). The 7(a) Regular loan program, which is SBA’s primary lending program, has been the dominant funding source throughout the period. It maintained relatively stable approval amounts between $23-26 billion from 2014-2020, before experiencing a significant spike to $37 billion in 2021, … Read more
Are you thinking about selling your small business? Whether you’re looking to retire, pursue a new venture, or cash out your investment, there are several legal considerations to keep in mind. Navigating the sale process can be complex, but with proper planning and guidance, you can ensure a smooth transition and protect your interests. The … Read more
The Small Business Administration (SBA) loan data for 2023 reveals significant regional variations in small business lending across the United States. California dramatically leads the nation with 7,292 SBA loans, demonstrating its robust small business ecosystem and entrepreneurial environment. This is nearly 40% more than the second-ranking state, Florida, which recorded 5,238 loans. The data … Read more