Small Business in the News: November 12-18, 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 November 12-18, 2016.

Lenders Grow Small Business Portfolio Using Alternative Credit Data

Testing has shown that a small business' traditional credit payment history is predictive of its future credit risk. However, many small businesses do not have a credit payment history, leaving them without necessary working capital. Lenders that are most competitive in the small business space are using alternative data so that they can appropriately segment their risk. Read more…

Forbes Ranks Best & Worst States for Business

Forbes released the 11th annual Best States for Business list, measuring which states have the best business climate to help entrepreneurs succeed. The study factors in 40 metrics from 17 sources across six broad categories. Differing from the top states as reported by Area Development, the top three states in order were Utah, North Carolina and Nebraska. Read more…

Easiest Countries to Start a Business

The World Bank released a report on the best countries for entrepreneurs by measuring regulations that affect ten areas of a business. The study gathered data and analyzed activity from entrepreneurs in more than 130,000 firms in 139 economies. The top three countries in order were New Zealand, Canada and Hong Kong. Read more…

More Online Lenders Offering Small Business Loans to Nonprofits

Nonprofit lenders are gaining access to financial technology, allowing them to better evaluate the credit health of nonprofits, and eventually approve business loans. Lending Club, OnDeck Capital and VEDC are three online lenders leading the pack in this unique partnership. Read more…

SBA Approves More Than $24 Million in Florida Disaster Loans

More than $24 million was dispersed by the SBA to help Floridian homeowners, renters, business owners, and private non-profit organizations with disaster relief from Hurricane Matthew. Affected businesses and residents have until December 16 to file an application for physical property damage. Read more…

Recommended Posts:

Small Tech Companies See A Bright Future

Andrew Raab

As technological advancements occur every day, it’s no surprise the tech...

Small Business in the News: March 11-17, 2017

Hunter Stunzi

We know there is too much to keep up with when you’re a busy entrepreneur, so we...

Small Business in the News: March 4-10, 2017

Hunter Stunzi

We know there is too much to keep up with when you’re a busy entrepreneur, so we...