small business loans
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 17th, 2008
One of the most difficult parts of any small business is to have the funding you need. Whether it’s start up costs or the need for new equipment, the cost can often be more than you can afford. One way around this is to take out a business loan - yet what happens if you don’t have the relevant credit, or your business hasn’t been trading long enough to qualify? This is where peer-to-peer business loans come into the equation.
Working much the same way that a more traditional business loan works, the big difference with a peer-to-peer loan is... Read more
Tags: advice, business loans, danny brown, Finance, Finance and Accounting, peer to peer loans, small business loans, tips
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Published February 22nd, 2008
For young entrepreneurs, now may be one of the best times to start a business and convince investors that your idea is the next “big thing”. More and more young entrepreneurs are turning ideas into million and even billion-dollar businesses. Most have heard that Bill Gates was only 20 when he started Microsoft and that Michael Dell was only 19 when he started Dell. More recently, Sergey Brin and Larry Page were both 25 when they started Google, David Filo and Jerry Yang were 27 and 25 when they started Yahoo!, and Facebook was founded by Mark Zuckerberg when he... Read more
Tags: advice, Carrie Hinkel, Finance, Finance and Accounting, financing, small business loans, young entrepreneurs
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Published February 19th, 2008
Businesses do not usually fail due to a lack of a business plan or incompetent management. It is usually due to a lack of capital. Of course you can start a business with little cash; however, there are some challenges you will be facing. Below are some of those challenges and suggestions on how to be successful without a lot of capital.
First, choose carefully a business where you do not have to invest a lot of capital to get it started. Obviously a franchised business will be out of the question. Be realistic about the type of business you... Read more
Tags: Accounting, bootstrapping, Finance, Finance and Accounting, larry Slusser, money, raising capital, small business loans, Starting a Business
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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 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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Published January 14th, 2008
In part one of this article, "Managing Your Small Business Debt", we looked at debt service and the role it plays in your business’s finances. In this article, we’ll look at how you can calculate your cost of borrowing in order to save your business money.
Another useful measure of your company’s debt is to look at the overall cost of borrowing. Comparing the blended cost of borrowing over time tells you whether it is becoming more or less expensive for the company to acquire capital.
You may have financing from several different sources:
* Bank loans
* Lines of... Read more
Tags: Accounting, Angie Mohr, budget, cost of borrowing, debt, Finance, Finance and Accounting, interest rates, loans, Numbers 101 for Small Business, small business loans
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Published January 10th, 2008
The political picture of the world we live in today, at least in North America, has forced people to recognize that some individuals may be at a disadvantage when it comes to making money.
For this reason, several laws and organizations have been set up in order to ensure that minority groups, including women, have access to the wages and funds they deserve.
In fact, the government has stepped in and specifically developed a plan to assist minorities and women in setting up their own business. The program is developed and run by a federally created body known as the... Read more
Tags: Finance, Finance and Accounting, financing, Leeia Ladipoh, loans, minority loans, small business loans
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Published January 8th, 2008
If you have a mortgage, you’re probably aware that there’s an option for an interest only mortgage. But were you aware that there is also the option to take out an interest only business loan? Similar in concept to the mortgage version, a commercial interest only loan offers both pluses and minuses for using one. Much of it depends on your status, how much you need a loan, and how confident you are that you’ll be able to meet the repayments each month.
What is an Interest Only Loan?
Just as its name suggests, an interest only loan is where... Read more
Tags: danny brown, Finance, Finance and Accounting, interst only loan, loans, small business loans, startup loans
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Published December 28th, 2007
"With great power comes great responsibility," a great man once said… that great man was none other than Spiderman’s Uncle Ben. My apologies for using the word "great" 4 (count ‘em) times in that sentence. Regardless, the statement is true and applies in business as much as anything else.
Many businesses will have a company credit card (or two or three or….) that is designed to be used for business related expenses. Now, what your business constitutes as a "business related expense" is clearly up to whomever is responsible for those cards. In general, employees should be able to use... Read more
Tags: Accounting, company credit card, credit cards, Finance, Finance and Accounting, Rebecca Button, small business loans
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