Month: November 2017

Gifts for Corporate Clients

When it comes to corporate clients, nothing says I appreciate your business more than a free gift. After all, if it were not for them, you would not have any business Corporate clients are essential for the success of your business and should never be taken lightly. According to an article, a great way to show how much you appreciate them is a gift accompanied with a personal note. If you seek happy business relationships than gifting is key. From corporate gifting and employee recognition; happy and successful business relationships come as a result of you making a little extra effort. Everybody likes getting gifts so why not give something thoughtful to your corporate client. Some ideas for corporate client gifts include: books, e-readers, 3D pen, fruit baskets, paperweight, membership or subscription, business card holder, bottle of wine, gift cards, pet-related gifts, sticky note holder, a personalized notepad, or … Read More

Why Bank Lending to Small Business Owners is not Bouncing Back

Nearly a decade after the economic crisis of 2008, you would think that the situation for small business owners would be improving – but you would be wrong. While steps have been taken to try to improve small business lending, the majority of entrepreneurs still struggle to secure the cash they need to start, grow and expand their business venture. In truth, banks have moved from being community-focused to being Fed-focused. Small business lending is simply not a priority.

In general, most small businesses seek loans of less than $100,000. However, bigger loans are more profitable for banks, so they prefer to underwrite larger loans (small loans cost the same to underwrite as large ones). In addition to less small business loans being available, the financial crisis of 2008 also led to tighter credit requirements and heavier terms. As a result, around 80 percent of small business owners who apply … Read More