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Startup Digest

Small Business

May 06, 2016

Welcome to this week’s Startup Digest. This week, we’re highlighting all things finance, starting with a post that challenges the way you think of eCommerce. (Hint: It’s not just about selling goods through an online store.) Next comes a fun but thought-provoking quiz on your business finance and credit IQ. Think you know the answers? Don’t miss out on this enlightening quiz. Do you know the number one rule of business? Spoiler alert-- it’s “don’t run out of cash.” Follow tips from Alan Fox at Small Biz Lady to never run out of it. Following these posts is an interesting list of reasons why you should consider leasing, not buying. Finally, we take a look at the top 100 SBA lenders that offer loans for less than $150K. Happy reading and see you next week!

Small Business Startup Digest is curated by:
Marc Prosser

Marc Prosser

Contact Marc Prosser at marc.prosser@startupdigestmail.com

Michael Heiligenstein

Michael Heiligenstein

Contact Michael Heiligenstein at michael.heiligenstein@startupdigestmail.com

METRO Accelerator kicks off second round together with Techstars

METRO Accelerator, powered by Techstars, is commencing the application process for its second program for startups, whose digital services and companies could give a direct boost to the commercial success of restaurants, hotels and catering businesses. From now until June 20, interested startups from all over the world can submit an application for the program on www.metroaccelerator.com.

Why eCommerce is Not Just About Selling Online

Nicole Dean - Trellis

When people think of eCommerce, they generally think of an online store. In reality, there’s so much more involved than just that. eCommerce is purchasing and selling goods and services via the internet. It covers a range of different businesses from consumer-based retail sites, and auction/music sites, to business exchanges/trading goods and services between corporations. eCommerce is all about gathering information for marketing purposes. There are four basic types of eCommerce, B2C, B2B, C2B and C2C.

What’s Your Business Finance and Credit IQ?

Lydia Roth - Nav

Here at Nav, we work hard to fuel success amongst small business owners in America by creating financially fit business owners. To help you self evaluate your financial fitness, we’re bringing you our “Business Finance and Credit IQ” quiz to help you test your knowledge.
Warning: this quiz is not easy! But we have plenty of resources to help you discover what you don’t yet know (but would like to know) — take the quiz to find out what that is.

How to Never Run Out of Cash

Alan Fox - Small Biz Lady

In the age of easy credit, having cash on hand can often seem old-fashioned. I say beware of such an attitude. The old saying “cash is king” is as relevant today as it ever was, and as an entrepreneur, it’s imperative that you always have a significant cash reserve to keep your business afloat.

6 Reasons Why Leasing is Better for Your Business

Ivan Widjaya - Noobpreneur

If you’re running a business, doubtless you’ll have a watchful eye on the budget and a firm grasp on the purse strings. One way to keep on top of your outgoings and make sure business runs smoothly is to lease whatever you need, rather than paying for everything outright.
Here’s six reasons why leasing is better than owning…

100 Top SBA Lenders For Loans Under $150K – 2016 Edition

Priyanka Prakash - Fit Small Business

Between 2006 and 2016, based on data we obtained from the U.S. Small Business Administration (SBA), lenders collectively issued 608,359 SBA 7(a) loans to small businesses. 66 percent of these loans were under $150K. In this article, we share the 100 top SBA lenders for loans under $150K, followed by some tips on how you can get an SBA loan under $150K.

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