February 20, 2018

Banks vs. Alternative Lenders: Which Is Best for Small Businesses?

The financial crisis of 2008 is a decade behind us. However, the top financial challenge facing small business owners continues to be access to credit. When they do seek funds, they often turn first to those they know: main street banks. However, traditional loans are notoriously difficult to get, so small businesses are increasingly turning to alternative financing options.

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Going Local: 4 Ways Great Businesses Serve Their Communities

It’s easy for budding entrepreneurs to waste time racking their brains for a business model that’s completely original. And sometimes innovation doesn’t pay off. For example, for every flourishing Dell Technologies there’s a DeLorean that conspicuously fails. The best businesses often keep it simple. That is, they focus on providing the goods, services and entertainment the people in their neighborhoods need most. So if you’re thinking of going local with a startup, here are 4 ways great businesses serve their communities.

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