Author: Erik Bunaes

SBA loans are a great way to expand, finance your business, or fund major expenses without affecting your cash flow. But, when borrowers fail to meet their payment obligations, it can affect their borrowing reputation. This is the worst nightmare for any business owner.  Recently, loan defaults have risen due to economic uncertainties and high interest rates....

SBA loan defaults have skyrocketed in the recent past. What seemed like a promising program with a blend of low interests now faces increasing delinquencies, high charge-offs and loan defaults. Last year, the agency announced they will approve small-dollar loans in the next 7 years.  This move was criticized by republican lawmakers who claimed that...

It is no secret that navigating the business realm is rarely a straight line, and so, is the growth. As a business owner, at some point you may have needed help expanding your business or reaching your target markets but could not seem to find any. Markets and consumer preferences do change, but some businesses...