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August 2015 Archives

Online lending growing in popularity among small businesses

Challenges can sometimes arise for small business owners when it comes to getting a traditional bank loan for their business. For one, banks, particularly larger ones, sometimes aren't particularly well-structured for working with small businesses. Also, the process of getting a traditional bank loan can sometimes be a very long and drawn-out one, which can be problematic when a small business owner needs funding for their business quickly.

Well-known Northeast grocer files or Chapter 11

New York City residents have likely shopped at or walked by a supermarket owned by The Great Atlantic & Pacific Tea Company or A&P as it's more commonly known. The 156-year-old Northeast grocery store chain recently announced it is filing for Chapter 11 bankruptcy protection. The news was met with sadness by many New Yorkers regard A&P as a being a New York City's institution and blame competition from big-box and lower cost retailers for contributing to the company's financial difficulties.

Debt relief options for small business owners who are struggling with debt

An individual who wracks up unmanageable amounts of debt is likely to feel stressed out and overwhelmed. Now imagine how a business owner, who spent years starting and growing a business that is now facing financial difficulties, must feel upon realizing that not only is his or her personal livelihood at stake, but so too are those of employees and their family members. With no viable plan to pay back and get out of debt, a business owner is likely to fear that he or she could essentially lose everything.