2024 Woman-Owned Business Statistics
Lendio
by Christina Sanders
4d ago
For decades now, it’s been a game of catch-up for women in business—and they’ve gained a lot of ground. From 2019 to 2023, the number of new women-owned businesses grew at nearly double the rate of businesses owned by men. But the struggle is far from over. The statistics on women-owned businesses below highlight just how far women have come and the disparities we’ve yet to overcome. How many women-owned businesses are there in the U.S.? Women are now majority owners in at least 35 percent of U.S. employer firms. In total, women own 13.8 million businesses employing 10 million workers and gen ..read more
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Inventory Financing Loans: What they are and How they Work
Lendio
by Lendio
6d ago
For small business owners, the adage “you have to spend money to make money” rings particularly true, especially when it comes to inventory. However, managing a healthy, cash-flow positive business sometimes means turning to additional financial tools – and this is where inventory financing can be a game-changer. Here, we’ll unpack everything small business owners need to know about inventory financing. From its workings and benefits to how it can be secured and the array of options available, learn the answers to all your inventory financing queries. What is inventory financing? Inventory fin ..read more
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5 Quotes By Confucius On Running A Small Business
Lendio
by Erik Larson
6d ago
Chinese culture is known for many things. Not only are they know for their business sense, but for their philosophy as well. So it’s no wonder that one of their most popular philosophers, Confucius, has a number of quotes related to running a business. Here are 5 of the best quotes by Confucius on running your small business: Perseverance “It does not matter how slowly you go so long as you do not stop.” When applied to running a small business, it means you shouldn’t panic even if growth is slowing down. As long as your small business is not shrinking or losing money, you should n ..read more
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Best States for Women Small Business Owners in 2024
Lendio
by Lendio
1w ago
The number of small businesses has been increasing in the United States over the past several years. Last year, the White House announced that more than 10 million small businesses were created in 2021 and 2022. Along with its growth in the total number of businesses, the U.S. is also seeing growth in the number of women-owned businesses in the country. The number of women-owned businesses in the U.S. increased 13.6% from 2019 to 2023, making up 39.1% of all of the country’s businesses, according to research from Wells Fargo. In total, women own 13.8 million businesses employing 10 million wor ..read more
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5 Quotes on Having a Vision for Your Company
Lendio
by Erik Larson
2w ago
Creating and maintaining a vision for your company is just as important for your businesses long-term success as marketing and selling is. Vision not only motivates you and your employees, it helps you stay focused on the goal and work together toward something. Visualizing goals “If you want to reach a goal, you must ‘see the reaching’ in your own mind before you actually arrive at your goal.” – Zig Ziglar Researchers have proven that visualizing an outcome and the process you’ll use to get there can substantially increase the likelihood of you reaching your goal. Whatever your busines ..read more
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Lendio Surpasses $15 Billion in Financing to Small Businesses Across America, With More Than 400,000 U.S. Small Businesses Funded
Lendio
by Lendio
3w ago
LEHI, Utah—March 5, 2024—Lendio, the nation’s leading small business financial solutions platform, announces today it has surpassed over $15 billion in funding for small and medium-sized businesses (SMBs). That equates to over 400,000 SMBs receiving loans and financing through Lendio and a network of 75 lenders in its marketplace. The need for SMB funding is a critical need, with 77 percent of small business owners saying they are concerned about their ability to access capital. A top reason for SMB failure is lack of funding or working capital.  “Our mission is to create a world where sm ..read more
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CCBank Selects Lendio Intelligent Lending™ to Fuel Small Business Funding Growth and Opportunities for Utah Companies
Lendio
by Lendio
1M ago
CCBank will automate and expand its lending program for small businesses (SMB) with Lendio’s Intelligent Lending. LEHI, Utah—Feb. 21, 2024—Today, financial technology platform Lendio announced that Utah-based CCBank has chosen the Lendio Intelligent Lending solution to power its small business lending.  Historically for banks, providing an entirely digital loan experience that serves the full spectrum of SMB borrowers has been a hurdle to scaling SMB banking, mainly due to the manual effort involved in traditional underwriting processes. Now, through Lendio I ..read more
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18 Tax Write-Offs for Self-Employed People: The Ultimate Guide
Lendio
by Nick Gallo, CPA
3M ago
One luxury of being an employee is that you don’t have to worry much about tax planning.  You can sit back as your employer withholds money from your paycheck to cover your liabilities, then use the details from your W-2 to file your tax return come tax time. As a self-employed individual, you don’t have that privilege, and your tax situation becomes a lot more complex. Fortunately, that complexity has a silver lining. You gain a wide range of tax deductions that can significantly reduce your personal income tax. In fact, you can deduct all ordinary and necessary business expenses. If you ..read more
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How Much Does It Cost to Open a Salon?
Lendio
by Zoe Weisner
3M ago
You’ve invested years of training, built a solid book of loyal clients, and created a foolproof business plan. Now, you’re ready to start your independent beauty salon. But just like any savvy business owner, you must understand your overhead costs to run a beauty salon if you want to ensure business success. How much money do you need to open a salon? There’s no one-size-fits-all answer to this question as the cost to start a salon can vary greatly, depending on a variety of factors. These include the size and location of the salon, the types of services offered, the quality of fixtures and e ..read more
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Fast Business Loans: Options For Quick Cash
Lendio
by Lauren Ward
3M ago
When your business needs a quick cash infusion to deal with unexpected expenses, seize growth opportunities, or meet urgent operational costs, fast business loans come to the rescue. These loans are designed for swift approval and funding—often within 24 hours—making them an ideal choice for situations where traditional loan processes may be too slow.  This guide will walk you through the various options for fast business loans, helping you make an informed decision that suits your business needs. Types of fast business loans. Here are five quick business loans and other financing structu ..read more
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