TUCSON, Ariz. (KGUN) — A new lifeline has emerged for Tucson’s smallest businesses, offering them a much-needed boost in accessing capital. The Microbusiness Loan Fund, launched by the Community Investment Corporation (CIC) and Groundswell Capital, provides loans of up to $50,000 for businesses with five or fewer employees. This initiative is part of a broader
Sign up for our Bronx Times email newsletter to get news, updates, and local insights delivered straight to your inbox! The Bronx Economic Development Corporation (BXEDC) serves the Bronx community by providing loans to its small businesses. The most important thing for small businesses to have right now is access to capital — but unfortunately,
Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets the company’s enterprise customers create customized risk management rules and outcomes, letting them make informed lending decisions tailored to specific criteria for small- to medium-sized businesses (SMBs). “The cloud-based rules
Key takeaways No collateral business loans are a higher risk to the lender, leading to higher interest rates than other loans When applying for an unsecured business loan, check that your business fits the lender’s minimum requirements to apply. Business loans without collateral often require that you sign a personal guarantee, which states that you