Many small businesses borrow money to grow, helping them develop products and services while expanding into new marketplaces. This initial cash injection will really help you get up and running, but it’s also important to think about the ongoing cost of your loan repayments.
One of the ways lenders determine how likely you are to repay is by looking at your small business track record, demonstrated best through your financial reports. We’ll dig into the main information that lenders are looking for, and how to use those reports to maximize your chances of getting a loan.
The racial inequality wealth gap and chronic under-funding left Black businesses unprepared for COVID-19. Coronavirus closures and social distancing had an enormous impact on local businesses that relied on face-to-face interactions—traditional mainstays for Black entrepreneurs.
Since 1866, Juneteenth has been an important and powerful day of celebration in the U.S., marking the emancipation of slaves and the right to freedom. Originating in Texas, Juneteenth is now recognized throughout the country and is celebrated in most major cities across the nation.
Have you been denied a small business loan by the SBA? We’ll help you figure out why you might have been disqualified, let you know how to strengthen your chances, and suggest some alternative options.
A healthy profit is essential to creating a strong foundation for growth and building up your small business. Focusing on your profit margin ensures you’re making enough money to keep the lights on, pay yourself, and expand your products and services.
Connect2Capital® is powered by Community Reinvestment Fund, USA (CRF).
Connect2Capital levels the playing field for small business owners seeking capital from a responsible lender. For the first time, mission-driven lenders and traditional lenders collaborate within a single, online network to help small business owners succeed—with responsible small business loans. From the moment you start the match process with the Connect2Capital network, we’re with you every step of the way with funding, resources, and guidance—because your dreams can’t wait for tomorrow.
Community Reinvestment Fund, USA is an equal opportunity lender, provider, and employer.
CRF, a national non-profit community development financial institution, is a leader in bringing capital to underserved people and communities. Since 1988, CRF has injected more than $2.4 billion into communities in 48 states across the country to help stimulate job creation and economic development, provide affordable housing, and support community facilities.
Community Reinvestment Fund, USA is an equal opportunity provider.