startup loans
Published April 8th, 2008
Consumer loans and small business financing has become incredibly difficult to obtain. What started with the mortgage industry has crept into the small business arena where lenders have tightened up the criteria for lending. This is creating a need for business owners to look somewhere else for financing. With rising defaults in revolving credit, the fees are higher and underwriting is tougher, making it more difficult for small business owners to obtain any sort of financing-even more difficult than in a normal market. Looking for alternatives for financing is where small business owners must look rather than using their credit... Read more
Tags: advice, credit crunch, larry Slusser, startup capital, startup loans, 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 8th, 2008
For big business ideas that go beyond the funding of a bank, turning to venture capitalists can sometimes be the only way to get a large-scale business off the ground. However, with big money at stake, it’s the venture capitalists who are calling the shots; to have the best chance of getting your idea approved, follow these dos and don’ts when trying to woo any venture capitalist:
What to do when trying to win over a venture capitalist
Prepare a top-notch business plan - In order to even get considered by a venture capitalist, you’ll need to have a detailed,... Read more
Tags: Accounting, Carrie Hinkel, Finance, Finance and Accounting, Starting a Business, startup loans, VC, venture capital
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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 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 September 28th, 2007
Most new businesses will require a substantial amount of money in start-up costs. Obtaining money for a business can be challenging, but not impossible. Before considering financing, it’s important to make a detailed list of your start-up expenses and their cost. This will give you a good idea of how much money you will be able to cover on your own, and how much you will need to finance. Once you’ve figured that out, consider these strategies to help you get the financing you need.
Borrow from yourself. True, you may not have an over-flowing savings account but there are... Read more
Tags: Accounting, Carrie Hinkel, Finance, Finance and Accounting, loans, Starting a Business, startup loans
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Published September 24th, 2007
Most people starting a new business are overwhelmed by the amount of work and the number of steps required to get their business off the ground. They have questions about everything from financing to knowing when to start. This article tackles 5 of the most common questions from small business entrepreneurs.
1. Where can I get money to start my business? By far, this is definitely the most asked question. Unlike in decades past, banks today expect you to share in the risk before they are willing to give you a loan. So, unless you have equity in your home,... Read more
Tags: Accounting, business plan, Carrie Hinkel, Finance, Finance and Accounting, Starting a Business, startup loans, startups
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