In its 2024 Business Owner Report, Bank of America Institute indicates that most small business owners are cautious, yet optimistic, about the road ahead. Economic confidence has remained consistent since spring 2023, and entrepreneurs are keeping a close eye on inflation, the current U.S. political climate, and the 2024 presidential election. Despite political uncertainty, “65% […]
Category: Business Banking
Financial Crimes Enforcement (FinCEN) Releases Notice Regarding Beneficial Ownership Information (BOI) Reporting Requirements
Operating as a bureau of the U.S. Department of Treasury, the Financial Crimes Enforcement (FinCEN) plays a vital role in protecting businesses and the economy at large.
SBA Announces Certification Upgrade
The MySBA Certifications platform, managed by the U.S. Small Business Administration (SBA), is in the process of streamlining and simplifying its application process.
Federal Reserve Board of Governors Michelle Bowman on Community Banks
Community banks remain an essential resource for many small businesses to access capital to support their businesses.
Family Businesses Share Thoughts on Goals, Strategies, Leadership, and the Economy
Family-owned businesses have long served as a mainstay of main streets across the U.S. and a key player in the national economy.
Can “Going Green” Boost Your Small Business’s Bottom Line?
Are you feeling the pinch of rising utility costs? Studies have shown that “utility prices rose 3.6% over the last 12 months, outstripping the broader inflation rate of 3.2%.”
2024 Federal Reserve – Small Business Credit Survey Results
Loans, Lines of Credit, and Credit Cards: How Small Businesses Are Working with Financial Partners to Navigate Economic Pressures Findings from the 2023 Small Business Credit Survey.