Commercial insurance protects your small business from unforeseen events. Many firms have specific risks from which they need protection, but nearly all small businesses need protection from general liability, property damage, and income loss. If any adverse event negatively impacted your business assets, or if you were slapped with a lawsuit and not covered by […]
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Small business definition and statistics What is a small business, and how many of them are there in the United States? According to the US Small Business Administration Office of Advocacy’s 2021 Small Business Profile report, there were 32.5 million small businesses in the US. This report defined small businesses as firms with fewer than
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Loan Broker or Direct Lender? This is our first post here, so we wanted to share why we chose to start this venture as a small business broker rather than a direct lender. Direct lenders typically secure wholesale lines of credit from third-party lenders, agree to covenants – including the types of financings, the maximum and
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