Jul
24
Start-up venture – Financing it without incurring debt
Practically, every start-up entrepreneur faces the problem of choosing the right financing option to fund his new business venture. Generally, entrepreneurs choose between debt and equity financing as standard means of business finance. Borrowing money straightaway from lending institutions with a formal agreement between the lender and borrower is known
Jun
30
Small Business Loan Guarantees – How it Works
A Loan Guarantee Program based on the State Small Business Credit Initiative, allows small businesses, typically fewer than 500 employees, and usually a lot less than that, to get a Small Business Loan or Line of Credit. These funds can be used for start-up costs, inventory, working capital and
Jun
20
Banks – Are They Really Lending?
Despite the fact that lenders say they are opening their coffers to the borrowing public, loan balances have been declining. Commercial loans have increased somewhat, but overall small business still needs money and is not receiving it. Banks have said they are increasing so-called asset based lending, in which
Jun
14
Small Business and Cash Flow
As if small businesses don’t have enough trouble in this tight economy, in general they also have to wait longer to be reimbursed for their products/services. Ever since the economic downhill slide, large companies have been holding on to money for as long as possible, perhaps to hedge their bets
May
24
Your Credit Score and You
I’m sure everyone’s well aware of how important your credit score is for a variety of different business and personal reasons. A good credit score can save you thousands in interest, while a bad credit score could cost you not only the ability to get a loan, but the rate of
May
23
Summary of U.S. Small Business Administration’s SBA 7(a) & SBA 504 Loan Programs
Small Business Administration SBA 7(a) loan program is designed for any qualified businesses to use the proceed for any business usage, including business real estate purchase, construction, refinance, business acquisition, equipment purchase, and business working capital. SBA loans are typically variable-rate loans tied to the lowest New York prime
May
21
2005 Bankruptcy Abuse Prevention and Consumer Protection Act
According to Wikipedia, “Bankruptcy is a legal status of an insolvent person or an organisation, that is, one who cannot repay the debts they owe to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor”. Usually, when a person or company is inundated
May
9
Is the Economy Really Slowing Down?
According to the most recent reports small business lendingslipped in March a (supposed) sign that companies are losing confidence in the economy. This has triggered some rather negative remarks about economic recovery from the naysayers of the industry. In turn this has caused downturns in the markets. Per an interview
May
2
Bank Loans vs. Alternate Lending Institutions
With the country going through its worst financial crisis of the last 70 years, it’s not so easy for small businessesto obtain bank loans. Having said that, there are bank loans that are still available. You’ll just have to work harder to get one. The sad truth is that
Apr
23
Credit Unions – The Small Business Lenders of the Future?
Banks are vigorously opposed to the lifting of the cap because they feel that they are at a disadvantage to credit unions, which don’t have to pay federal taxes or are not subject to certain regulations. The banks are concerned that they will be losing business to the credit unions even as