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Credibly Financial News Roundup for the Week of August 31st, 2015


Minyang Jiang

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.

The Student-Loan Siphon via the Wall Street Journal
“New evidence from the Federal Reserve Bank of Philadelphia illustrates how subsidized student loans sap small business creation…Debt-financing, the Fed points out, is critical for expanding a business in the years following its founding. Yet graduates have sunk too far into the red to amass more liabilities, and not even bankruptcy can liberate them.”

8 Things The Army Taught Me About Running A Small Business by Fred Wellman, Task & Purpose
“Even when time is crunched and things are on fire, it’s important to take some time to develop a plan. The Army planning process is drilled into our heads from an early stage of our training, so being able to quickly develop a plan and execute it is second nature. Businesses often don’t do this. It doesn’t have to be a perfect plan, but taking the time to sit back, evaluate the options, analyze the targets, and come up with a path forward has been key to success in my businesses and client engagements over and over.”

Charlotte Dubbed ‘King of N.C. Small Business Landscape’ via South Charlotte Weekly
Credibly, an emerging Fintech platform that lends to small and medium-sized businesses, recently named Charlotte the ‘king of the North Carolina small business landscape,’ according to a news release. Credibly awarded Charlotte a score of 75 out of 100, based on new data regarding the small business climate in the city and how it compares to other locations throughout the state.”

The Pros and Cons of a Business Line of Credit by Carrie Gallagher, TheSelfEmployed
“Lines of credit are generally a good way for you and your small business to have cash on hand when things aren’t going well. However, the best time to apply for a line of credit (LOC) is when your business is booming – not only will you have the cash flow to support the request, but chances are your lender will be willing to negotiate terms, including interest rates.”

Hard Work Is Irrelevant by NPR’s Planet Money (podcast episode)
“Patty McCord helped create a workplace at Netflix that runs more like a professional sports team than a family. If you’re not up to scratch, you’re off the team. Is this the future of work?”

10 Most Expensive Places to Raise a Family by Catey Hill, MarketWatch
In some spots in this country, it costs parents well into six figures just to eke by. The amount that a two-parent, two-child family needs just to pay the bills (but not have money left over for savings) ranges from about $50,000 to more than $100,000 depending on where a family lives, according to data released Wednesday by the nonprofit and nonpartisan think tank the Economic Policy Institute. “This does not mean a middle-class lifestyle,” says Elise Gould, a senior economist with EPI. “This is just living, no savings.”


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, we published a small business guide to financing commercial real estate and discussed what really separates successful franchises from unsuccessful ones.