FEATURE

We continue the conversation from last week with an SBA loan expert, talking about the timely topic of credit availability, as well as what paperwork is needed to get a loan.  We also look the right and wrong way to use a credit line.

Today’s guest is Laurence Leopold:

Laurence’s LinkedIn page:  https://www.linkedin.com/in/laurence-leopold-4496342/

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NEWS ROUNDUP

1
Small business’ access to credit tightened in April.
https://b2c-cms2.b2cdev.com/small-business-lending-index/april-2023

2
82% of business owners plan to obtain funding for their business in the next 12 months, but only 29% will seek out traditional bank loans.
https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/04/bofa-survey-76-percent-of-small-businesses-feel-well-equipped-to.html

3
The Small Business Administration is trying to reverse a decline in the number of small businesses that have contracts with the federal government.
https://federalnewsnetwork.com/contracting/2023/05/agencies-spending-record-amounts-on-small-business-contracts-amid-shrinking-pool-of-firms/

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This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.

👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.

📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.

🖥️ Learn how I can help your small business at https://eraynay.com/.