The U.S. Small Business Administration (SBA)'s 7(a) loan program is the most popular source of small business financing backed by a federal guaranty. Loans can be approved for amounts up to $5 million, with maturity rates from 10 to 25 years, and average APR rates of 6.30%-10%. Since SBA 7(a) loans have strict requirements, a majority of small business owners do not get … [Read more...]
How To Launch A Successful Crowdfunding Campaign
We live in the age of the entrepreneur. And, thanks to the number of crowdfunding platforms available, it’s possible for anyone to launch a business idea, product, or concept without access to traditional resources. Nonetheless, it will take more than a great idea and a few strategies to successfully crowd-fund a campaign. Below are a few tips for generating a memorable and … [Read more...]
6 Tips to Build a Successful Crowdfunding Campaign
Crowdfunding is becoming an increasingly popular method to access financial capital. Rewards-based crowdfunding is appealing as a way to raise funds without giving up equity or increasing your debt. But there are other benefits too. Using your social network to gain support for your business goals and engaging your customers in the success of your enterprise can have a … [Read more...]