Small Business in the News: March 26-April 1, 2016

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for March 26-April 1, 2016.

Small Business Employment Up in March, but Barely

According to the National Federation of Independent Business (NFIB) March 2016 Jobs Report, job creation has improved, but is still weak. The average employment change during March increased to 0.02 workers per firm. NFIB data shows that job creation is not promising as job openings and plans to hire continue to spiral downward. Read more…

Business Borrowers Want More Transparency

A new survey found that business owners want information about fees and interest rates for financing presented in a way that’s easier to understand. Two-thirds of respondents preferred loan costs be presented as a total payback amount, rather than listed as an APR or factor rate. A low 17 percent of respondents prefer the information be presented as an APR. Read more…

Study Finds Sleep Deprivation Affects Most Workers

Careerbuilder released the results of a new survey and found that 58 percent of workers feel they don’t get enough sleep, while 61 percent believe a lack of sleep negatively affects their work. Sleep deprivation also impacts business because sleep deprived employees feel less motivated, less efficient, crabby, and poor memory. Read more…

Square Inc Enters Online Lending Space

Square announced plans to enter the online lending marketplace. Square plans to factor in the sales data and cash flow of the applying business to determine their eligibility for a small business loan, which is essentially the same algorithm used for lending cash advances. The loans will be bundled into hedge funds and sold to investors. Read more…

Tech Startup Exits Beta Stage

Magilla, a fintech startup that matches business owners with traditional banks, announced they are now a full-service platform. Magilla launched in beta in Q3 of 2015 and has funded over 500 million in loans through their platform. Read more…

 

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