Robert Gloer

5 Things Small Business Owners Need To Know This Fall

Internet Security The current hot topic in business at the moment, internet security tops the list of important things small business owners need to know this fall. As we discussed in Protecting Your Business and Customers From Data Breaches, taking stock of your current technology and upgrading to prevent breaches is a must. Add virus and malware …

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Protecting Your Business and Customers From Data Breaches

With the abundance of security breaches recently, internet and data security should be at the top of your list – not only for the safety and privacy of your business, but for that of your customers. Stay Safe Online, powered by the National Cyber Security Alliance, offers the following tips on protecting your small business and …

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The Current State of True “Small Business” Lending

Last month, a subcommittee on Economic Growth, Tax, and Capital Access held a hearing titled, ”Where Are We Now? Examining the Post-Recession Small Business Lending Environment.” As I listened to witnesses explain to our policymakers the current state of small business lending in our country, I realized just how deep the REAL problems are. For …

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Small Business Owners: Know the Repayment Terms of your Loan

For small business owners, understanding repayment terms before applying for a loan is critical. For instance, most lenders offer pre-computed interest rates, which means they calculate the interest payment for the entire length of the loan and add it to the principle when the loan is issued. And yes, this does provide a clear picture …

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Bridging the Gap Between Banks and Online Lenders

I recently participated on a panel with several bankers during the PayNet event in Chicago, so this article in American Banker about banks needing a strategy around small business lending was especially interesting to me. Its author, Andy Peters, brings up a good point that has also been discussed around our office for years: Where is the bridge in the gap …

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Small Business Owners Find Alternative Solutions For Capital

A recent USA Today article featuring IOU Financial examined unconventional lending sources for small business. Even for healthy businesses, those with positive cash flow and strong financial history, getting loan approval from a traditional bank is difficult. Whether the size of the loan is too small or the cost to process and fund it is too expensive, there is …

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