July 2024 – SBA Loan Advisor

How to Use SBA Loans for Business Mergers

Understanding Business Mergers Definition and Types of Business Mergers Business mergers involve the combination of two companies into a single entity. There are various types: Horizontal mergers occur between competitors. Vertical mergers happen between supply chain partners. Conglomerate mergers involve unrelated businesses. Reasons for Business Mergers Strategic motivations behind mergers often include: Market expansion to […]

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Biden-Harris Administration’s Significant Milestones in Supporting Small Businesses

Uncategorized / Contrivex Team

The Biden-Harris administration has shown a strong commitment to supporting small businesses, recognizing their crucial role in the U.S. economy. Through various initiatives and programs, the administration has provided unprecedented support, resulting in significant milestones that have bolstered entrepreneurship, expanded access to capital, and fostered economic growth. Key Initiatives and Programs American Rescue Plan Comprehensive

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SBA Introduces 7(a) Working Capital Pilot Program

Uncategorized / Contrivex Team

The U.S. Small Business Administration (SBA) has launched an innovative initiative aimed at expanding access to working capital for small businesses across the country. The newly introduced 7(a) Working Capital Pilot Program is designed to provide flexible and competitively priced lines of credit to help small businesses manage their operations, pursue growth opportunities, and enhance

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Small Business Loan Statistics and Trends 2024

Uncategorized / Contrivex Team

The landscape of small business loans in 2024 offers a nuanced perspective, ripe for exploration with a tapestry of data illuminating key funding trends and disparities. As stakeholders navigate these statistics, intriguing insights emerge regarding loan approval amounts, lender preferences, and the intricate interplay between policy shifts and financing activities. Understanding these statistics could prove

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