Sat.May 06, 2017 - Fri.May 12, 2017

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What Is the SBA’s Definition of Small Business (And Why)?

Fundera

With 28 million small businesses making up 99.7% of all U.S. firms , small business is big for the United States’s economy. But what exactly do these small businesses look like? The government—specifically the Small Business Administration —can help you answer that question. Here’s exactly how the SBA defines small business and why they set these definitions in the first place.

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Best practices for stress testing the commercial real estate portfolio

Abrigo

Stress testing programs should consider their tests in a one-year time horizon measured in both a mild and severe scenario. Mild scenarios should test items to where they honestly think they will be in one year. Severe scenarios should try and replicate conditions that represent the worst possible outcome for the portfolio but are still logically possible (do not blindly make up severe scenarios).

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5 Fun and Inexpensive Customer Appreciation Ideas

Fundera

Customer appreciation doesn’t have to be complicated or expensive. With a little creativity and thoughtfulness, you can show your customers just how much you appreciate their business. Recognition, a kind note, or thoughtful gifts can deepen business relationships tremendously. Customer Appreciation Ideas: Get Creative. German professor Armin Faulk proved the power of giving : In one of his experiments, donor solicitation letters that contained gifts garnered 17%-75% more in donations tha

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What Business Does Every Small Town Need?

Fundera

If you’ve ever lived in a small town, you know it’s a whole different way of life than the big city or the suburbs. You can’t step out your front door and hail a taxi, or run to Target whenever you need a gallon of milk. Many businesses and services that urban and suburban dwellers take for granted are scarce in small towns. That spells opportunity for savvy startup entrepreneurs.

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How to Create Company Culture from the Ground Up

Fundera

Startups know how much having a distinct company culture can set them apart and communicate who they are to the world, but what they might not know is how to create that culture. Should you focus on the perks of the job or concentrate on conveying the mission of the company? If you’re not sure where to start, these steps will guide you in the right direction to ensure success for your business, team, and yourself. 1.

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Need Legal Advice? 11 Experts Reveal How to Find the Right Small Business Lawyer

Fundera

You might not know that your small business should have a lawyer until the need really arises. And when that time comes, how (and where) can you find the right small business lawyer to work with? Well, we asked 11 small business legal experts how they think small business owners should go about finding a lawyer who’s a good fit for their business’s needs.

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Are alt-lenders catching up to banks on borrower experience?

Abrigo

In a recent Sageworks webinar with David O’Connell from Aite Group on the small business borrower experience, David presented data from an Aite survey of small business borrowers. One of the most fascinating insights from the data was how closely alternative are nipping at the heels of banks when it comes to borrower satisfaction. Several questions from the survey analyzed the timing of the application process for SMB borrowers, their satisfaction with the process, and their biggest pain points.

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In a sea of tech companies, Sageworks rises to top award

Abrigo

Over the past few years, the Research Triangle area of North Carolina, where Sageworks is headquartered, has been named among the fastest-growing cities in the U.S., the best places to live, the top boomtowns and the best places to start a business (among many other accolades ). It’s also home to a vibrant tech scene and has been honored as such among the cities creating the most tech jobs and the best American tech cities.

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New eBook: The 11 Documents All Businesses Should Have Before Applying for a Loan (And How to Prepare Them)

Fundera

Ready to start your business loan search ? If you have all your business information and documentation in hand, you are! But wait… What if you don’t have any documentation up-to-date, ready to go on your computer? Then you’ll have a fair amount of preparation to do before you dive right into the quest for business funding. Depending on the small business lender you work with, you’ll have a few (or many) documents you’ll need to prepare before you click “submit” on your final loan application.

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This Small Business Owner Is Planting Seeds in a Concrete Jungle

Fundera

Small Business Stories: Brook Landscape from Brook Landscape on Vimeo. If you think the landscaping business is all about sprawling suburban lawns, you haven’t met Brook Klausing. This small business owner has staked his claim in a place known more for its concrete jungle than its lush greenspaces: New York City. Brook has always loved the outdoors.

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The 2017 Alaska Business Credit Card Review

Fundera

When Alaska Airlines acquired Virgin America in April 2016, many people wondered whether the Virgin Visa and Alaska Airlines Visa credit cards were still worthwhile. If you’re a small business owner who frequently flies on either airline, you might be thinking the same thing. We break down the pros and cons of the Alaska business credit card, compare it to other major travel offers, and discuss how the Alaska-Virgin merger will impact the business credit card.

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The 3 Best Apps for Restaurant Businesses

Fundera

As a small business owner, you most likely get served multiple ads every day from companies telling you they offer the “best app for small businesses.” But as all small business owners know: no two small businesses are alike. How can one thing be the best app for all small businesses? When you do your shopping for apps, it’s best to look at the top suppliers in your specific industry.

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The 6 Best Apps for Retail Businesses

Fundera

I know you came here searching for the six best apps for retail businesses. This is an area that goes both so wide and so deep, that to put a list like this together, and call it absolute would be next to impossible. So, I’m going to outline the top six apps for retail business that I’m currently researching for my business and clients. To sum it all up: The e-commerce industry has failed the accounting industry.

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27 Government Regulations on Business You Need to Know

Fundera

The federal government has no shortage of business regulations. Ranging from consumer protections and labor laws to fair practice and more, some can be quite a headache to full grasp and follow. But that shouldn’t prevent you from understanding everything you need to know to make sure your business is in compliance with the law. It’s easier when you know where to look.

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Breaking Up the Big Banks: What You Need to Know

Fundera

Last week, President Donald Trump said he was considering breaking up the big Wall Street banks–sending the whole financial industry into a frenzy. Since taking office, Trump has taken actions to roll back many of the Dodd-Frank regulations implemented during the financial crisis. Those types of actions put Wall Street at ease—so the idea that he’d consider breaking up the big banks was startling to many in the industry.