News - NextGen Business Lending

Navigating Inflation: Strategies for Small Business Survival

Angel MoralesMarch 3, 2024015.8K views

In an era where inflation continues to challenge the stamina of small businesses, it’s imperative for business owners to strategize, innovate, and adapt. This piece explores the multifaceted impact of inflation on small enterprises, offering insight on navigating cost management, consumer behavior shifts, and the critical role of strategic financial planning. Through a blend of operational efficiency, agile supply chain strategies, and a laser focus on customer value, small businesses can not only survive but thrive, turning the tides of economic adversity into opportunities for growth and innovation.

How Equipment Financing Can Help Your Business Grow

Angel MoralesNovember 26, 202206.5K views

The cost of purchasing or upgrading existing equipment is also a concern for small businesses, and sometimes equipment breaks at the worst possible time. Fortunately, equipment loans can be obtained from both traditional and online lenders.

Staffing Up In The Current Climate

Angel MoralesNovember 3, 202204.3K views

How can our small business customers navigate the labor shortages, along with all the headwinds they are facing?

Consumer vs Investment Property Mortgages

Joe CowellSeptember 10, 202203.2K views

Offering investment property mortgages provides an excellent opportunity for residential mortgage brokers to expand their product offerings, service more clients, and grow their businesses.

How to Establish Business Credit

Angel MoralesAugust 12, 202203.8K views

It’s not unusual for many business owners to use personal funds to finance their companies when they are just starting. However, as your company grows and financing demands increase, you will most likely want to establish business credit. It will significantly reduce the strain on your personal finances and provide a host of other benefits as well.

Pandemic Relief for Consumer Businesses

Angel MoralesAugust 8, 202204.1K views

Even if your business did not have a revenue reduction or was deemed essential…. You can still qualify for ERC!

Sole Proprietor or LLC: Which one is better?

Angel MoralesAugust 1, 202204K views

As a budding entrepreneur, you might be wondering how best to structure your business. For small businesses, the two most common options are sole proprietorship and an LLC (limited liability company).

SBA PPP Loan Updates

Angel MoralesFebruary 25, 202109.9K views

SBA announced they will only accept PPP loan applications from businesses with fewer than 20 employees. If your business has under 20 employees, you may qualify to be prioritized for a PPP loan through March 10, 2021.

How to Build your Trade Credit with Small Business Financing Options

Angel MoralesFebruary 17, 202104K views

Traditional banks are no longer the only option for business lending. There are several business lending options now available; from SBA Loans to business lines of credit and even invoice-based financing.

Small Business Paycheck Protection Program

Angel MoralesJanuary 25, 202106.7K views

The impact of Covid-19 on small business and small business owners is real. Many business owners are currently seeking creative ways to stay afloat amid this pandemic.