We’ve been hearing a lot about small business this campaign season, and that we might need a leg up through tax breaks and other incentives. That’d be nice! Politics aside, a cost-effective way for SMBs to give themselves a boost is a renewed, pro-active focus on their brand. The best part is, this can be done from the inside out—no legislation required.
Pepperdine University just released their latest quarterly indicator, The Pepperdine Private Capital Access Index (PCA), produced with the support of Dun & Bradstreet Credibility Corp. The index gauges and measures the demand and accessibility of financing for small and medium-sized businesses (SMBs). While there have a been a host of articles and surveys released recently saying things are starting to pick up, the Index paints a picture of small businesses continuing to struggle with securing loans and other business financing sources.
As any small business owner who has applied for financing knows, the prerequisites associated with the typical application process can sometimes feel overwhelming. At The Receivables Exchange (TRE), we decided to be atypical. Small business owners who apply to be sellers on our Exchange will find that our application process is far simpler and more streamlined than most. We want to help make that process even easier with a few tips to help you prepare yourself and your business for application.
I had the pleasure of attending and live tweeting the New York Staffing Association (NYSA) Industry Trending Forum on the topic “The Current Lending Climate” on Wednesday in Manhattan. The event was sponsored by Morgan Stanley and took place at their offices in Times Square. Once I made it through the very tight security at the Morgan Stanley building reception desk, I watched a panel of four discuss current lending trends in the staffing industry and their own predictions for the future of financing the industry.
We are live blogging from the New York Staffing Association’s (NYSA) panel on the lending climate for staffing firms. The panel consists of experts from the banking and alternative lending industry. Topics include current trends in lending and types of borrowing options available. Follow the stream of updates below.