The owners of a family farming operation were evaluating their business, as they had grown dissatisfied with the return on investment from their traditional farming operation. They felt that for a similar investment in another type of business, they could realize a much higher return on their capital.
Good news for main street! According to PayNet, small business lending increased significantly in the first part of the year, with the January Small Business Lending Index nearing the all-time high from July 2015. The index is up 14% over January 2017.
Rural areas rely heavily on community banks as their lifeline to mainstream financial services. The FDIC reports that there are more than 1,200 counties (a third of all U.S. counties) where community banks are the only option. If you are one of these “lifeline” lenders
Private businesses are feeling confident about the current economy, but many still aren’t comfortable taking on new debt, as the flat rate of 2017’s Small Business Lending Index indicates. Further, expected rate hikes in 2018 may add some pressure to the rates of delin
Recently, PayNet, Inc., a national expert in small business credit data and analysis, released a Small Business Credit Outlook from Q3 2017. We found a number of interesting takeaways for community banks, and summarized our key conclusions. You can access your own fre
It’s a new year, and you may have spent some time setting goals and targets for 2018. At VITAL, we’ve been implementing the Entrepreneurial Operating System (EOS), a set of concepts and tools for business success. It’s been incredibly beneficial, and I find myself freq
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You've likely heard of the SBA 7(a) and 504 loan programs, the most widely used guaranteed lending programs. But, do you know how to leverage the CAPlines, Export Loans, or Business & Industry programs to support business customers that need different financing options
Have you ever had to turn down a borrower that wanted to buy a business, because the physical assets didn’t cover the requested loan amount? You’re not alone. But, if your traditional approach to acquisition financing leaves you turning away too many opportunities, tak
Would you pass up the opportunity to lend to a solid business or community project? What if the loan was backed with an up to 90 percent government guarantee and had extended terms? Even more, what if the operation was an important economic driver in a rural area your