Archive for January 22, 2014

Five Tips for Expanding Your Small Business Overseas

Written by admin on January 22, 2014. Posted in Business loan, Business loan types, Working capital term loan

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Small businesses are an important force in the American economy. Though more than half are home-based, they employ more than half of the American workforce. That’s not to say that owning a small business is easy, however. About half of all small business owners have to use their own personal credit to finance their companies, and 800,000 others seek small business loans every year. Many of those small business owners aren’t just taking out loans to cover day-to-day expenses — they’re taking calculated risks by growing and expanding their businesses.

It may seem hard to believe, but small businesses make up the largest group of exporters in the U.S. In 2011, 93% of the companies that sold goods across borders were small businesses, and t