Another day, another week of small business rumblings. It seems as if there’s a cosmic shift in small businesses and small business lending every week, and we’re here to break down every new and noteworthy development for you. The news is never thin with small business topics, so let’s take a look at the big stories this week:
U.S. small businesses notch year-on-year increase in borrowing via CNBC.com: According to Reuters, U.S. small businesses borrowed more money in January 2014 than they did in January 2013. This is encouraging news, and indicates that the economy is experiencing solid growth. The report goes on to explain that because borrowing as increased, more hiring may be on the horizon.
Small businesses face operational, regulatory challenges via Gallup: Gallup is reporting that business owners say that biggest challenge they face is attracting more customers. Also, business owners also say that government regulation and healthcare issues are also top issues. The results are based on the Wells Fargo/Gallup Small Business Index.
Dick’s Sporting Goods sues Modell’s CEO for allegedly posing as Dick’s VP via Consumerist: OK, we admit this doesn’t have to do with small businesses or small business lending, but it’s so bizarre we had to share it. Apparently, Mitchell Modell, CEO of Modell’s Sporting Goods, is accused of posing a Dick’s Vice President to infiltrate the company. The article explains how Dick’s is now filing a lawsuit against Modell, claiming he posed a senior executive for Dick’s at one of their stores in Princeton, NJ on February 8. What a world we live in!
Small business and small business lending topics are always going to be near the top of the news cycle. We want to be your top aggregator for all things small business, so make sure to check back again soon for more news!