Benetrends Blog

Growing a business is hard work and when it comes to small business funding, it’s important to understand the differences between growth capital and working capital, and how the two work in tandem to propel a business.   The path ahead for a small...

You’ve made it. You’ve moved past the initial startup phase of the business and are now entering into the second phase of entrepreneurship. The company is relatively stable and you’re ready to focus on expanding. Even though your business is new, rather than focusing...

Starting a small business and making it through the first few years is an exciting, yet challenging time. When you make it to the point where you’re ready to grow, take a moment to congratulate yourself and recognize your achievement. It takes time, resources, and...

The goal when starting a business is to grow the business. The growth of a business requires specific resources, whether it be employees, technology or even funding. But once the business is established, how does one scale the business? Starting a Small Business vs....

Starting a small business is hard but finding small business funding can be even more challenging. While it may seem like there’s ample opportunity, from conventional loans to 401(k) funding, fledgling entrepreneurs may find themselves stuck when trying to figure out...

Tax season is upon us again. For the small business owner, tax time may be one of the most stressful times of the year. If you recently launched your business and haven’t even made money yet, you may wonder if you have to file. The answer is almost certainly "yes." If...

Benetrends President & CEO Dallas Kerley offers insight into programs to assist small businesses affected by the COVID-19 Pandemic. Before we look at funding strategies, we want to share a few thoughts with you. With the news about the impact COVID-19 is having...

Cash flow is often a big issue for a small business owner. This is especially true for minority business owners, who face more funding challenges than non-minority entrepreneurs. The good news is that there are now a number of resources available to help...

 Small businesses play an important role in our nation’s economy and minority-owned small businesses are a large part of that.   The Hill noted in 2019: "Minorities own an estimated 29 percent of classifiable businesses, which are growing at twice the...

When you’re starting a small business, access to capital is crucial to fund growth. However, historically speaking, small business lending is more limited for minority-owned businesses. Part of the problem is that the U.S. Census reports that household net...