Small Business Credit Quality Is Declining. Here Is What That Means for Your Business.
For nearly four years, lenders across the country have reported a net decline in the credit quality of small business loan applicants. Fifteen consecutive quarters of declining applicant credit quality, running from the second quarter of 2022 through the fourth...
Small Business Loan Denial: What Lenders See Before You Get the Answer
Most small business loan denials are not decisions made at the end of the process. By the time a lender delivers their answer, your financials have already told them what they need to know. Understanding what they are looking for is the first step toward changing the...
Why Online Loans Feel Easier but Cost More
For many small businesses, online lenders feel like the easiest path to capital. Applications are simple. Decisions are quick. Funding can happen in days instead of weeks. That convenience matters, especially when cash flow is tight or an opportunity cannot wait. But...
Small Businesses Are Using AI, But Not to Replace Workers
Artificial intelligence is often discussed as a technology that will replace jobs. But the reality inside many small businesses looks different. Recently published Federal Reserve data shows that 46% of small businesses report currently using AI tools, while another...