A Guide to Choosing the Right Small Business Loan

Logo_BusinessNews_DailySeen in BusinessNews Daily:

“Small businesses today have a variety of options when it comes to finding a lender. There are government-backed loans and loans from banks, merchant service providers and alternative lenders, which include an assortment of online lending services that don’t come with those same guarantees as those backed by the government.”

Read the article here:


The Big Deal About Small Business, Part 1

New Yorker_Resurgence-of-Small-BusinessThink big? Think again…

A January 24, 2015 article in the New Yorker exposes the advantage that small businesses have over their larger rivals, namely “true differentiation”.

“Most profoundly, the trend creates an industrial upheaval important to the long-term strength of the economy. It suggests an economy that is alive and reinventing itself, that is mutating from within, that is engaged in the never-ending process of creative destruction.”

BusinessUS supports the growth of small businesses by providing timely and affordable small business loans. If your small business has a true differentiation it wants to promote, contact Norris Lozano for information about new capital to get it done.

SBA says: Small Businesses Create 2 Million Jobs

urlFrom an early January post from SBA Administrator Maria Contreras-Sweet: “Last week’s jobs report offered more evidence that our economy is gathering a head of steam as we ring in the New Year. Last month, American businesses added back 252,000 jobs and our unemployment rate fell to its lowest level since June 2008. We’re in the midst of 58 month of consecutive job growth – the longest streak on record since the mid-1990s.

Read the article here.

~ Norris Lozano, CEO of BusinessUS

How Grameen Bank is about barn raising, and other observations

screen_cap“When Nobel Prize winner Muhammad Yunus founded Grameen Bank, his innovation was not so much the idea of lending small sums of money to poor villagers in Bangladesh; it was the idea of lending to small groups of women who could help each other make the best use of the loans and ensure repayment. The community was the big idea.”

So says Tim Brown, CEO of Ideo.

The concept of providing capital that helps communities grow is not new to BusinessUS. Please reach out if a small business or organization in your community needs a boost.


Fed says: One-Third of all small business loans are SBA-guaranteed

colemanreportbannerlogo082013-2Today, Bob Coleman reports on the “2014 Joint Small Business Credit Survey“, a study compiled by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia, that reveals that one in three small businesses that received credit in the first half of 2014 came in the form of a SBA loan.



Read more news about SBA lending at the Coleman Report.

~ To find out whether your small business qualifies for an SBA loan, please contact BusinessUS using our contact page, or send an email to Norris Lozano, our CEO,

Small Business Loans: hot… or not?

arrowsThe media is hungry for clues about the direction of the American economy. And as we know, small business is a key engine of this economy, providing 55% of all jobs and 66% of all net new jobs since the 1970’s, as well as 54% of all US sales.

Here are a few positive snippets from recent news:

U.S. small business optimism jumped in December to its highest level in more than eight years, the latest sign of strength in the economy even as dark clouds settle over global growth….The outlook was further bolstered by other data on Tuesday showing job openings approached a 14-year high in November.

But perhaps these headlines grabbed you:

So 2014, on the whole, seems to have been a good year for small businesses seeking capital from banks to grow…..But if you look at the numbers another way, you’d see that this increase is only telling part of the story. It’s a story of success mainly for small businesses seeking big money from big banks.

U.S. small-business lending never quite regained the ground lost during the Great Recession, ceding significant market share to larger firms that have benefited from a gradual but lengthy economic recovery, research from the Federal Reserve Bank of Cleveland finds.

Seems to be a mixed bag… so here’s some clarity. Big banks are stepping up to the plate for small business after almost 6 years of kicking them to the curb. But only in larger amounts. No surprise here: big banks make big loans to make big profits.

Where small business lending is growing is sub $150,000 loans, which many new online lenders are happy to provide – at massively high rates.

What’s still missing in the picture is the traditional meat-and-potatoes of the small business lending picture: community banks lending to small businesses in their communities.

Says Carly Fiorina in Inc. Magazine: “Unlocking capital is very important, and of course since the financial crisis, the surviving big banks have gotten bigger, but the community banking system is really struggling, and that means small businesses are struggling. It is community banks that provide most of the capital to small business, and [we need to] start unlocking small business loans again. We have got to get capital to them so they can form and thrive.”

If you want to learn more about small business loans, contact BusinessUS

Companies tend to die, Cities don’t

zapposheadquartersTony Hsieh has led Zappos to the business stratosphere, with unique approaches that resonate with its customers.

Inc. Magazine tells of 10 Steps to Zappos Success

US News & World Report lays out the unique reasons that Zappos “… went from a struggling start-up in 2000 to getting acquired by Amazon in a deal valued at $1.2 billion in 2009.”

Legend has it that:

  • 75% of its sales come from returning customers
  • …who also spend 2 1/2 times more time on the website than first-time visitors
  • the longest customer service call took almost six hours.
  • Another rep helped a caller locate a nearby pizza place that would deliver after midnight.

Some say that Zappos’ success is proof that Customer Service is the new Marketing.

Now we hear that Zappos is creating an “entrepreneurial utopia” in Las Vegas (Zappos’ offices are now housed in the old Vegas City Hall), and has changed the corporate structure to a “Holoacracy“, because “Look at companies that existed 50 years ago in the Fortune 500—most don’t exist today. Companies tend to die and cities don’t.”


~ If you have a unique concept for your small business need funding to get it going, please contact Norris Lozano or Stephanie Bitters at BusinessUS about an SBA loan. We’d like to support you on the road to Zappos-dom.

SBA Extends Fee Waivers for Veterans and Small Loans

Logo_SBAThe U.S. Small Business Administration announced that it would extend 2 important fee waivers until Sept. 30, 2015. SBA will continue to waive the 2% Borrower Fee (also called upfront guaranty fees) for loans under $150,000 and for Veterans Advantage loans from $150,000 to $350,000.

SBA is also halving the rate of the upfront guaranty fee for non-SBA Express loans of $150,000 to $5 million.

The fee waivers were originally scheduled to end Sept. 30, 2014.

Certain restrictions apply to SBA loans. If you have questions, please contact Stephanie Bitters at BusinessUS.

16 Hot Startups that Launched in 2014

Logo_Business_InsiderBusiness Insider has issued its Best Startups of 2014 List, and it’s worth the read.

As should be expected from a media source whose CEO is Henry Blodgett, there’s a whole lotta technology on the list, analyzed by factors like

  • funding
  • revenue
  • growth, and
  • investor interest.

Here’s the article:

Here’s the list:

  1. glamsquad-brings-hair-salon-quality-blowouts-to-your-apartmentGLAMSQUAD brings hair salon-quality blowouts to your apartment.
  2. Spring is the Instagram for shopping.
  3. DWNLD makes apps easy to make, customize and get published in the App Store
  4. Ello is the ad-free, anti-Facebook social network.

  5. Curbside lets you order stuff on your phone and pick it up at the store without leaving your car.

  6. Reserve takes all the pain out of making restaurant reservations.

  7. Shyp sends your packages for you, so you never have to step foot in the post office
  8. Jet.com is Marc Lore’s mysterious “Amazon-killer” e-commerce website.
  9. More …

~ For more information about using an SBA Loan as part of your startup capital, please contact Norris Lozano at BusinessUS

Small Businesses add a million new workers in 2014

“Small employers added 106,000 workers to their collective payrolls in December, according to the latest round of data issued by payroll processing firm ADP. That’s up from 99,000 added the month before and the fourth consecutive month of employment growth exceeding 90,000.

Over the year, small businesses added more than 1 million employees, averaging monthly additions of 90,000 workers — up from last year’s pace of about 80,000 per month.”

Read more here in the Washington Post

~ want to learn more about small business loans? email Norris Lozano or visit the BusinessUS website

Washington DC may assist more small businesses in the New Year

image_from_bitly_13U3V75“Small businesses are looking for government to function and get a lot more done,” said John Arensmeyer, chief executive officer of the advocacy group Small Business Majority.

A few of the options on the table in this upcoming Congress are:

  1. Reduction in corporate tax rate from the current 35%
  2. Small Business tax deductions
  3. Bonus depreciation
  4. Reduction in paperwork for SBA loans.

“It’s expected to encourage more banks, particularly smaller ones, to make SBA-backed loans, said SBA Administrator Maria Contreras-Sweet.”

Read the full article here.

~ Learn more about small business loans by contacting Norris Lozano at www.Bizbank.US

Small Business Hiring is on a Tear

Logo Icon2dThe Washington Post reports that US Small Businesses amplified their hiring trend, by adding “… 102,000 jobs in October, up from an upwardly revised 93,000 the month before, according to the latest employment report released by payroll processing firm ADP.”

The strongest month in 2014 for new jobs was June, with 133,000 new hires. Still, the October figures represent a second consecutive month of increase, and, considering that 230,000 people were hired by all sized businesses in October, an increasingly strong recovery picture overall.

See the full story here.

“8,000 small business loans are declined every day by banks”

Time well spent: Have a look and listen to this impactful talk2014_10_28_Screen_Cap_video_Connie_Evans with Connie Evans, President & CEO, Association for Enterprise Opportunity in Washington DC, hosted by Bob Coleman of the Coleman Report.

Ms. Evans gives an impressive array of facts about the benefits of micro-lending (loans of up to $50,000) and micro-capital (up to $250,000) to small businesses of up to 5 employees.

Among others, she says that such businesses are declined for loans by banks at a rate of 8,000 declines per day.

8,000. Declines. Per. Day.

The opportunity to serve these underserved small business borrowers is profound.

~ Norris Lozano, CEO, BusinessUS, a California-based small business lender