The Small Business Matters Podcast

Experian Business Information Services

If you run a small business or are thinking of starting a business, you have come to the right place. In this podcast, Experian interviews experts, authors, influencers, and business owners about strategies for running a successful business. We talk about credit, marketing, innovation, sales, management, and more. read less

Financing Options For Your Small Business #007
Jul 18 2022
Financing Options For Your Small Business #007
If you are considering financing for your small business or feeling unsure which type of financial institution might be best to work with, this episode of Small Business Matters is just for you as we focus on small business finance.    We sat down with executives from four different financing companies ranging from Fintech, to CDFI, to Equity Crowd Funding and Traditional Brick and Mortar banks to talk about how they serve small businesses.    Fintech Standout Biz2Credit Streamlines Funding Process for Small Business   Segment #1 0:58   Rohit Arora is one of the country's leading experts in small business finance. His company, Biz2Credit, uses technology to streamline business funding. We talk about the origins of FinTech, their VirtualCFO platform, which enables small business owners to benchmark how they are doing to other businesses in their space, and what’s driving growth for fast, convenient online funding, and why more small businesses are turning to FinTech lenders.    Rohit Arora on LinkedIn   CDFI’s Provide Myriad Assistance to Small Businesses and Entrepreneurs   Segment 2  9:43   CDFI stands for Community Development Financial Institution, they are mission-driven community resources of financing for small businesses, and they play a crucial role in the financial ecosystem. We spoke with Mark Pinsky, Founding Partner of CDFI Friendly America, an organization determined to help existing CDFI’s serve bigger markets.    In our discussion, we talked about what characteristics CDFI’s look for in small businesses and entrepreneurs they work with, and what CDFI has planned for major city expansions in places like Fort Worth, Texas.    Mark Pinsky on LinkedIn   Seed at the Table Offers Innovative Crowdfunding for Small Businesses and Investors to Help Close the Racial Funding Gap   Segment 3 23:00   Seed at the Table is a mission-driven crowdfunding platform committed to connecting diverse entrepreneurs with investors. They raised $1.3 million in less than a year for businesses founded by women, and people of color. Co-Founder Suzen Baraka sat down with Experian’s Emily Garman to talk about their mission, and some of the early successes they had in closing the racial funding gap.    Suzen Baraka on LinkedIn   First Citizens is Banking on Strong Relationships with Small Businesses   Segment 4  31:00   As America's largest family-controlled bank, First Citizens Bank has been supporting consumers and small businesses across the US for more than 120 years. They operate more than 600 locations in 22 states and recently merged with CIT Group, making them one of the top 20 US banks.    We spoke with the bank’s Senior Director of Business Credit, Phil Hains,  about how they support small businesses, what a small business should have in place before seeking funding, and how the bank is embracing Diversity, Equity and Inclusion in their branches through their bankers and the greater small business community.   Phil Hains on LinkedIn   For any resources mentioned on the show today, visit our show notes over at experian.com/smbmatters.    Want to help us grow? Drop us an honest review and rating on whichever platform you are listening on.   FOLLOW US   Twitter Instagram LinkedIn YouTube
Small Business Change Masters with Barry Moltz - #005
Mar 14 2022
Small Business Change Masters with Barry Moltz - #005
We have three segments in this week's episode: Small Business Change Masters with Barry MoltzInclusion-Forward Story - Brandelyn Green Highlights from the Fed's Small Business Credit Survey SEGMENT 1 In this talk we explore change, coming up with a plan and following through with Barry Moltz (@barrymoltz).  Barry gets business owners unstuck. He’s a nationally recognized expert on small business, he’s given hundreds of presentations to audiences ranging in size from 20 to 20,000, appearing on many TV and radio programs. Barry speaks from experience, founding and running many small businesses with a great deal of success and failure for more than 20 years. His first book, “You Need to Be A Little Crazy: The Truth about Starting and Growing Your Business” describes the ups and downs and emotional trials of running a business. In his seventh book “Change Masters” Barry explores follow-through, and why so many small business owners pay for expensive advice, agree to take action ... and then never follow through. SEGMENT 2 Brandelyn Green - Turning health adversity into triumph For our Inclusion-Forward segment this week we focus on the power of community to grow a successful small business. From the onset of her business, Brandelyn Green (@voiceofhair) understood the value a strong community could bring. Her company, Voice of Hair helps women of color find the best hairstylists, hair products and hair extensions through a portfolio of pictures, videos and reviews. But it was a personal health crisis that spawned the idea for her thriving line of hair care products which she sells on voiceofhaircare.com. She also cultivates a thriving community on her instagram channel.   SEGMENT 3   Emily Wavering Corcoran - Program Manager The Federal Reserve Bank of Cleveland We taped our  interview on Friday, March 4th, 2022, ahead of the Federal Open Market Committee meeting. In November of last year, The Federal Reserve Banks conducted the Small Business Credit Survey. In all they surveyed nearly 11,000 small businesses to ask them about their financial condition, whether they had sought financing in the prior 12 months and what effect the pandemic had on their business. The results of that survey have just been published in the 2022 Report On Employer Firms. We spoke with the Fed's Program Manager, Emily Wavering Corcoran. She works in the Community Development Department of the Federal Reserve Bank of Cleveland.  She touched on some of the most interesting highlights in the latest survey results.  FOLLOW US: Twitter Instagram LinkedIn
Small Business Economic Outlook - #003
Jan 19 2022
Small Business Economic Outlook - #003
There's so much going on in the economy these days, so much for small businesses to deal with. We're in the throws of another significant variant of the Coronavirus, the supply chain issues continue amid rising inflation, and it that were not enough, employers are having a hard time finding employees because many are either staying home or finding new roles in different industries. It's a lot for small businesses to deal with.   So to help put it all into perspective, our good friend Ryan Sweet from Moody's Analytics joins us today to talk about our economic outlook.   If you are not familiar, Ryan is a senior director at Moody's Analytics. He contributes regularly to Economic View and is a member of the U.S. macroeconomics team in West Chester Pennsylvania. His areas of specialization include the U.S. economy, monetary policy, capital markets and forecasting high-frequency economic indicators. Ryan provides a great perspective on what's really going on with the economy and possible impact to small businesses.    We celebrated Martin Luther King Day this week, so for our Inclusion-Forward segment, we hear from Experian team members about how Martin Luther King, Jr. inspires and motivates them, and how his message influences their work here at Experian.    If you have ever wondered why your business credit score might go down after a credit inquiry, we talk about it in this week's Business Credit Answer. Send us your business credit questions smbmatters@experian.com or hit us up on Instagram at @experianbis.