Wire

Key findingsSixty percent of approved borrowers sought financing for working capital needs, like paying for inventory, overhead or repairs.Approved borrowers reported earning a median annual revenue of $900,000, though it varied by quarter, industry and time in business.The gap between what borrowers requested and what they ultimately received was widest among lower-revenue businesses. But smaller...

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Chase just dropped a limited-time $1,000 welcome offer for new Ink Business Unlimited and Ink Cash customers. It’s the best bonus these cards have offered, and one the best sign-up bonuses we’ve ever seen for a no-annual-fee business card. Here are the details from Chase: Earn $1,000 when you spend $8,000 on purchases in the...

Wire

The latest update from Trump's Small Business Administration presents itself as an Independence Day gift for entrepreneurs: up to $10 million in SBA financing. But small-business owners shouldn't start celebrating just yet.Beginning July 4, 2026, qualified borrowers will be able to access up to $10 million in SBA financing by combining 7(a) and 504 loans....

We are in a tough time due to inflation of just about everything you can imagine. We have decreased our discretionary spending as we try to pa…