By: LendVer Staff – Starting a small business is an exciting prospect, and stories of overnight successes are abundant in the news and on social media—but unfortunately, not all entrepreneurs are destined for greatness. According to the U.S. Bureau of Labor Statistics approximately 20% of new businesses fail within the first two years, 45% within the first five [...]

The $3.1B preferred SBA lender leverages the Fed’s recent rate reduction and the SBA’s guarantee fee waivers to offer even more affordable business financing. ST. CLOUD, MN, UNITED STATES, September 23, 2024 /EINPresswire.com/ — South End Capital, a division of Stearns Bank N.A., is leveraging the Fed’s recent rate announcement to lower interest rates on [...]

By: LendVer Staff – Locating the right equipment for your contracting or construction business whether it be a pickup truck, table saw, excavator, concrete mixer, dump truck, or something else, is an important decision that can impact your business’s productivity and revenue. However, securing the best financing for your equipment is also very important. This article provides [...]

Exploring alternative financing options beyond traditional loans can provide businesses with a streamlined, tech-powered financing solutions tailored to their company’s unique needs and circumstances. From equipment financing to revenue-based financing, understanding these alternatives can be instrumental in securing the necessary capital for growth when traditional financing may not be the best path. Equipment financing enables [...]

For small or startup businesses unexpected challenges can arise at any moment, having a comprehensive crisis management plan is not just a precautionary measure but a strategic necessity. This article delves into the importance of business crisis management and outlines key aspects small businesses should consider to navigate through unforeseen adversities. The first step in [...]