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SBA loans are guaranteed by the Small Business Administration (SBA), and are issued by lenders participating in the SBA lending program. Typically, these small business lenders are banks. The SBA guarantees up to 85 percent...

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One notable financial document that all business owners should utilize is a balance sheet, which can be used to monitor your business’s financial health. Balance sheets are used internally to guide management decisions. Externally, they...

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If you haven’t established good credit history, your financing options will be limited. However, that doesn’t mean that there aren’t attractive financing alternatives.

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If you have a passion for food but don’t want to open a restaurant, consider opening a food truck business. It’s less expensive than starting a brick-and-mortar restaurant and a great way to start a...

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Despite the havoc of the pandemic, Utah managed to pace the nation with the smallest decline in GDP. In fact, from 2019 to 2020, real GDP in Utah fell just 0.1 percent.

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In December 2020, the UH Economic Research Organization pegged Hawaii’s unemployment rate at 11.6 percent. At the time, it was the second-highest unemployment rate in the nation. In addition, in 2020, Hawaii’s real GDP declined...

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The two things you can do to secure low-interest business loans are to 1) know your business financing options and 2) improve your financial situation.

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Arizona is home to more than 600,000 small businesses. According to the U.S. Small Business Administration (SBA), these businesses employ 1.1 million workers and represent 42.9% of the private workforce in the state. The most...

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Lenders require bank statements for several reasons that you’ll learn about in this post. The main reason, though, is that lenders need to verify that you meet their lending standards. Bank statements help lenders do...

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