Small Business Loans for Immigrants in the U.S.: What You Need to Know

Small Business Loans for Immigrants in the U.S.: What You Need to Know

The average small business owner spends $40,000 during their first year to cover startup costs and expenditures. If you’re an immigrant looking to start a business, this may seem like a daunting figure. However, small business loans can help. Small business loans can provide capital for starting a business. Here, we’ll explore the different types … Read more

With the end of the PPP, small businesses must seek other sources of financing

With the end of the PPP, small businesses must seek other sources of financing

Small business loan approval percentages in large banks (over $10 billion in assets) rose slightly from 13.4% in April to 13.5% in May 2021, according to the latest Biz2Credit Small Business Loan Index. Small bank approvals jumped from 18.2% in April to 18.7% in May. Bank vault (Photo by © Viviane Moos/CORBIS/Corbis via Getty Images) … Read more

Expanding Online Small Business Loans Help Black-Owned Businesses and Other Small Businesses

Expanding Online Small Business Loans Help Black-Owned Businesses and Other Small Businesses

Small business lending continues to improve steadily, but at a slow pace. While the rebound in percentage approval rates for small business loan applications pales in comparison to the pre-pandemic highs recorded in February 2020, the direction has been generally positive for about a year at this point. For example, small businesses loan approval percentages … Read more

LAKE SHORE BANCORP, INC. Management’s Discussion and Analysis of Financial Condition and Results of Operations. (form 10-K)

LAKE SHORE BANCORP, INC. Management’s Discussion and Analysis of Financial Condition and Results
of Operations. (form 10-K)

This discussion and analysis reflects our consolidated financial statements and other relevant statistical data and is intended to enhance your understanding of our consolidated financial condition and results of operations. You should read the information in this section in conjunction with our audited consolidated financial statements and accompanying notes to the audited consolidated financial statements … Read more