With the expectation of small business loan financing to remain bleak into the upcoming holiday season, merchants and small business owners will be seeking out alternative means of working capital for the Christmas rush, expected to result in an increased demand for merchant cash advances from financing sources like BusinessCashAdvance.com. A gap in the credit [...]
Camden National Bank was named Maine’s Top Performing 7(a) Lender of the Year at the Small Business Administration (SBA) Awards Luncheon Thursday, May 5. The luncheon, held at the Spectacular Event Center in Bangor, recognized outstanding small businesses in Maine. “Several years ago we made a commitment to deepen our partnership with the Small Business [...]
Recognizing the impact of small firms on the health of today’s economy, Equifax conducted an extensive study on 2010 bankruptcy trends among the nation’s more than 24 million small businesses. Equifax data showed that small business bankruptcy petitions dropped in many areas extending from coast to coast, with some Western regions experiencing sharp declines. While [...]
The U.S. Department of Labor and the American Institute of Certified Public Accountants today launched a new, interactive website to help small businesses select a retirement plan suitable for their employees. The website, “Choosing A Retirement Solution for Your Small Business” – available at www.choosingaretirementsolution.org – was jointly developed and is co-sponsored by the Labor [...]