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Credibly Financial News Roundup for the Week of August 17th, 2015

With the world of small business finance changing so quickly, who can stay on top of it all? Here at Credibly, we sift through hundreds of blogs, news alerts, and emerging FinTech trends every day, selecting the most important industry updates so you don’t have to. Here’s the financial news that caught our attention this week.

Need a Loan? Try Not to Appear Too Successful by Megan Elliott, CheatSheet
“…Researchers at Fordham University wanted to find out how people using peer-to-peer lending sites made decisions about who was worthy of credit. Yuliya Komarova, an assistant professor of marketing, and Laura Gonzalez, an assistant professor of finances, set up a simulated lending site called Lendi. Lenders viewed profiles of potential borrowers, which featured basic information like a photo, how much money they wanted to borrow and why, and their credit rating.”

U.S. Sees Big Spike in Black and Hispanic Women Entrepreneurs by Tanzina Vega, CNNMoney
On Wednesday, the National Women’s Business Council released an analysis of preliminary Census data which showed there were nearly 10 million women-owned small businesses in the U.S. in 2012, an almost 22% increase from 2007…While men still own more businesses than women, women-owned businesses grew at a rate of four times that of male-owned businesses.”

Self-Employed? How to Assess Your Working Capital Needs by Carrie Gallagher, TheSelfEmployed.com
“As an entrepreneur, making decisions about how much working capital your business needs isn’t easy. Taking on more debt than you can handle will cut into your profits, but not having enough capital may result in stagnation, trapping you in business ‘Neverland’ where you are incapable of growth. So how can you determine the “right-size” capital needed for your business?”

The Best State and City for Small Business Are… by Caitlin Huston, MarketWatch
“…The survey, conducted by technology marketplace Thumbtack, contends that the friendliest states and towns for small businesses offer easier or non-existent licensing requirements. On a city basis, the report called Manchester, N.H., the best and Hartford, Conn., the worst for small-business climate.”

3 is a Magic Number in the Marketplace Lending Ecosystem by Glenn Goldman, OrchardPlatform.com
“…Over multiple market cycles, access to On-Balance Sheet financing, Whole Loan Sale, and formal/informal Securitization (rated or unrated) have ebbed and flowed – so much so, that for prolonged periods of time access to one or more of these strategies all but disappeared. Ensuring access to all 3 is paramount to prudent financial management, maximizing optionality, and ensuring Platform longevity”

How to Find the Right SBA Loan for Your Small Business by Marci Martin, Business News Daily
“Part of what the Small Business Administration (SBA) does is help America’s small businesses secure the funding they need to operate and grow. As a federal government agency, the SBA does not lend small businesses money directly. Instead, it sets guidelines for loans that are made by its partners, which include banks, credit unions, community development organizations and microlending institutions.”

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Have you checked out our new small business education blog, In.Credibly?

Over at in.credibly.com we’re helping small businesses evaluate their working capital needs, source the right funding, and put those dollars to use more efficiently. This week, our contributing editor Joe Tagliente discusses what your business needs to have in place before it can be franchised, and we published an original video covering what retailers need to know about the EMV recertification process.