If you are a small business owner in North Carolina or looking to start your own, you may need some extra capital to help get you started.
But the question becomes, what does a banker want from you?
When a banker considers making a small business loan, they typically want to assess the borrower’s (your) ability to repay the loan. They will consider several factors, such as your credit history, business revenue, expenses, and the collateral available to secure the loan.
Here are some specific things a banker may want to know when making a small business loan:
Written By: Chad J. Treadway | May 29, 2023
Chad is a Partner and our Chief Smarketing Officer. He will help you survey your small business needs, educating you on your options before suggesting any solution. Chad is passionate about rural marketing in the United States and North Carolina. He also has several certifications through HubSpot to better assist you with your internet and inbound marketing.
When small North Carolina businesses get started, they typically focus on how to land their first clients. Often they will rely on traditional forms of advertising, such as coupon mailers, billboards, out-of-home, or print ads. While many small businesses think that because they provide a superior product or service, it is only a matter of time before prospective clients will find their way to them.
While this strategy may bring in a small amount of revenue, there is a better and easier way. Small businesses should think about leveraging the power of the internet to reach prospects online and reap the benefits of combining traditional and digital marketing. No small business, no matter how new, should disregard digital channels as a source of leads and the conversion of interest into clients.
Still not convinced? Think about this over 94% of business-to-business (B2B) buyers do research online, whereas your business-to-consumer (B2C) buyers research online 97% of the time before making a decision.
Unfortunately, if you rely only on traditional methods, you miss out on a significant portion of your potential clientele.
Written By: Chad J. Treadway | May 17, 2023
Chad is a Partner and our Chief Smarketing Officer. He will help you survey your small business needs, educating you on your options before suggesting any solution. Chad is passionate about rural marketing in the United States and North Carolina. He also has several certifications through HubSpot to better assist you with your internet and inbound marketing.
When you think of rural America, you might often think of large farms where your nearest neighbor may be several miles away, rugged terrain where the roads are so curvy you can see your own brake lights, or it might be just sparse deserts.
Regardless of how you view rural America, I have compiled a list of seven statistics and facts about rural America into one infographic.
Written By: Chad J. Treadway | May 15, 2023
Chad is a Partner and our Chief Smarketing Officer. He will help you survey your small business needs, educating you on your options before suggesting any solution. Chad is passionate about rural marketing in the United States and North Carolina. He also has several certifications through HubSpot to better assist you with your internet and inbound marketing.
Building a technical team from the ground up must be done as intentionally and systematically as possible. You have to know exactly what you want and what your business needs. Then you start tracking down the relevant talents for your team.
A technical team is essential to your business because they are directly involved in the technological development of your product. The team helps your business navigate the Tech market and usually consists of engineers, network architects, UI/UX designers, analysts, and hardware experts. Depending on what service your company offers, your technical team could be just two software engineers in a shared working space or a third-party organization where you outsource your technological needs. However, as a business owner, you can choose to build your team in-house.
Written By: Chad J. Treadway | May 08, 2023
Chad is a Partner and our Chief Smarketing Officer. He will help you survey your small business needs, educating you on your options before suggesting any solution. Chad is passionate about rural marketing in the United States and North Carolina. He also has several certifications through HubSpot to better assist you with your internet and inbound marketing.
