Marlese Lessing

3 weeks ago | bankrate.com | Marlese Lessing |Rob Watts

Tariffs are taxes on imported goods that are paid by the importer, used by the government to protect domestic industries, generate revenue and provide a negotiation point with foreign countries. Tariffs have the potential to increase prices, shift supply chains and stimulate domestic production and industry. Small businesses can manage tariffs by adapting their supply chains, cutting costs and changing what products and services they offer.

1 month ago | bankrate.com | Thomas Brock |Rob Watts |Marlese Lessing

With the current presidential administration making sweeping changes across the federal government, the Small Business Administration has undergone a wave of new regulations, standards and criteria impacting how small business owners can qualify for SBA loans. Here’s a roundup of the changes to be aware of, and how they can impact your small business.

1 month ago | bankrate.com | Thomas Brock |Aylea Wilkins |Marlese Lessing

Small loans are increasingly popular with small businesses, according to data from the Federal Reserve’s latest Small Business Credit survey. While the average SBA loan size in 2024 was $443,097, more businesses are seeking financing in the total of $100K, $50K and even $25K as they seek to sustainably scale, manage rising operating costs and manage increased borrowing costs.