loans
Published November 27th, 2008
Q: Steve, it is no secret that credit and money are still tight, but what is a secret is where small business should go now. My line of credit has dried up last month and I am at a loss. What are our options?
Michael
A: The good news is that there still are options out there, it’s just that if you want to find the money to start or expand your business, you may need to look in new places and be more creative.
The era of ‘easy credit’ is over, that’s for sure.
In fact, according to Senator... Read more
Tags: advice, banking, credit, credit options, loans, Steve Strauss, tips
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Published April 24th, 2008
In the same way that people get into financial tough spots, so do businesses. In many cases, the solution for the business is taking out a merchant cash loan. A merchant cash loan is basically the same thing as a payday loan.
When a business gets into financial trouble, they can contact a merchant cash advance provider, or MCA. Getting these loans is easy and you do not need collateral to get them, as you do with banks.
Why Business Owners Resort to MCAs
The reason most business owners go to a MCA is that they cannot get a loan... Read more
Tags: advice, Finance, Finance and Accounting, Leeia Ladipoh, loans, merchant cash loan, small business loans, tips
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Published April 9th, 2008
After you build your business up and are successful you might be tempted to consider selling. The problem many business owners run into is that finding someone to buy their business is difficult. Many times people are interested in purchasing the business but they lack the cash to make the purchase, or have credit that isn’t quite good enough for standard financing. Although everyone dreams of a quality business person with cash and financing to walk in that doesn’t happen very often.
The bank is going to check on the history of the potential owner to see what their financial... Read more
Tags: advice, Finance, Finance and Accounting, larry Slusser, loans, selling a loan, selling your business loan, tips
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Published March 6th, 2008
When you’re starting out in your new business, one of the things that you may be considering is a business loan. These are excellent for helping people get started in their own business, as they offer far more favorable rates than a standard loan might offer. They’re also a good way to help maintain your company during lean spells. However, it can be difficult to decide how much of a loan you actually need - after all, it may be just a booster to top up your own finances, or it may be on a larger scale.
Deciding how much... Read more
Tags: advice, business loan, danny brown, Finance, Finance and Accounting, loans, startup loans, tips
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Published March 5th, 2008
If you are trying to find a little extra capital to continue to grow your small business, it may not be as easy of a task as you had hoped. Because of the housing market crunch, a lot of the money that banks would usually use to finance loans is stuck in the rising number of foreclosures. This means many banking lenders are not as willing to write loans, until they can reclaim some of the cash they are missing.
What is your small company to do when you feel a growth spurt coming on and are having a tough... Read more
Tags: advice, business loans online, Finance, Finance and Accounting, Leeia Ladipoh, loans, money, startup loans, tips
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Published February 26th, 2008
We can’t all be math wizards. From understanding capital and cash flow to evaluating loan and debt options then sorting out taxes and payroll deductions, there are a lot of numbers that have to be moved around - and understood - to run a small business.
Luckily, there are a lot of great business financial calculators out there that will help you sort out all the numbers relating to your business - and what they mean to your bottom line and your business’ future.
Accounting and Taxes
When it comes to the health of any company, the day-to-day monies coming... Read more
Tags: Accounting, debt management, Finance, Finance and Accounting, financial calculators, Leeia Ladipoh, loans, small business tools
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Published February 14th, 2008
Whether you have been running your business out of your home or a small office in town, if things are going well, you may be thinking of expanding your working space.
Few people have the money on hand to purchase a whole new office building or company headquarters. You are likely going to need a commercial real estate loan.
For many, more time is put into finding the right piece of property or office space for their business instead of going into finding the right commercial real estate loan. This is a major mistake. Not being careful when shopping for... Read more
Tags: advice, commercial real estate loans, Finance, Finance and Accounting, Leeia Ladipoh, loans, small business loans
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Published February 11th, 2008
For any small business in the US today, one of the unsung heroes is the US Small Business Administration, or SBA. Offering advice and financial aid to thousands of small businesses across the country, the SBA works alongside local authorities and city councils to provide grants and reduced loans to the companies that need it the most. Now the SBA is offering a specialized package purely for ex-military service personnel who have gone into business.
Known as the SBA Patriot Express Loan Program , its aim is to help start and grow the business of people whose military service is... Read more
Tags: danny brown, Finance, Finance and Accounting, loans, Patriot Express Loan Program, SBA, small buisness loans, small business administration, Transition Assistance Program
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Published January 23rd, 2008
Whether you’re starting a business or have an established company, the time may come when you need to borrow money -either for starting or expansion costs. Most business owners will end up turning to a conventional bank for a business loan. Knowing what’s expected from the lender can help to prepare you and your business before meeting with a loan agent and filling out a loan application. It just might increase your chances of getting a loan.
When deciding to give a company a business loan, most banks (big and small) will refer to what is commonly called the "Six... Read more
Tags: advice, business loan, Carrie Hinkel, loans, Starting a Business, startup loans, strategy, tips
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Published January 20th, 2008
There is no doubt that starting your own business is one of the best ways to achieve financial independence and true happiness. Many people are simply not content to work for others their whole lives, and it can be extremely difficult to attain true wealth through a traditional white collar or blue collar career. It is no wonder that so many individuals have been starting their own part time and full time business ventures in an attempt to get their piece of the American dream.
Even though running a business can be a road to riches, that road is not... Read more
Tags: commercial loan, Finance, Finance and Accounting, loans, Rebecca Button, small business loans, tips
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