Locally-owned community banks in the Lowcountry and elsewhere have become somewhat of an endangered species in recent years. Many of them have been gobbled up by large banks that continue to expand their ever-growing reach. However, a group of local businessmen are bucking the trend.
The majority of economists prefer free trade over any restrictive alternative. There were some unhappy academics when the Trump administration announced tariff rates as high as 50 percent for washing machines and up to 30 percent on solar panels.
Customers are telling businesses what they want and do not want through simple interactions, creating a wealth of data that can improve consumer satisfaction, produce product innovations, and increase efficiencies. The ever-expanding breadth of available data enables business strategists to plan as never before. Many companies have large amounts of underutilized consumer data such as purchase history, complaint calls, repair requests, and the like.
Far too often, people starting a small business may not be aware of anomalies or errors in their credit reports until they apply for, and are denied, credit.
An energetic and experienced quartet of venture capital experts formed a company that hopes to invest at least half the money it raises in emerging companies in Charleston and the Southeast.
This innovative approach attracted the attention of online lending broker LendingTree. In September, LendingTree purchased SnapCap in deal worth up to $21 million.