The Small Business Administration (SBA) will increase its business size standards effective March 18, 2024. Eligible businesses will now include those with a Tangible Net Worth of not more than $20 million (up from $15 million), and Average Net Income...
Whether your business is product or service based, having the necessary equipment is vital to maintaining smooth operations. However, replacing, upgrading or purchasing new equipment for the first time can put a serious pinch on your cash flow. That’s why the...
On February 21, 2018, Congressman Mike Bost (IL-12) visited a rural small business, Magnum Steel Works, Inc., in Mt. Vernon, Illinois. The purpose of this visit was to get a firsthand glimpse of the impact local business expansion has on its community. He also...
Starting or growing a business can, and usually does, involve spending in several different areas. And some business owners may find their type of business to be one that lenders pass on due to inexperience with the business type or lack of comfort with the risks....
Wondering how to finance heavy equipment? The SBA 504 Loan Program is one of the best options for manufacturing operations looking to purchase heavy machinery and equipment, or for those looking to purchase new facilities, warehouses or other commercial real estate...
