What can small businesses expect for the rest of 2010? During our last seminar I had several people ask what I thought would happen over the next 6 months to small business. They wanted to
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In response to 18 Business Financing Tips Part 1.
TIP #10 – Business License
When required, have a business license in the city, county, and state where business is located.
The address and phone number on
As mentioned in a previous posting, not all lenders require a formal loan proposal, but in most cases preparing one will be more beneficial to the business owner than to anyone else. You will be
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Many entrepreneurs are misled in regards to how banks work. The following four myths about loan processing need to be dispelled.
Myth 1: Banks are in the business to lend money.
This is false. Banks are in
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The following are just a few of the elements a lender looks at when issuing credit. The requirements will vary, depending on the type of loan or credit. For example, in some cases, you may
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Since early last year the SBA has waived fees and offered banks guarantees up to 90% on small business loans. The Recovery Act and subsequent stimulus programs included many of these adjustments to spur the
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Preparing for a business loan requires the owner to be knowledgeable in all areas of the business. The applicant must be prepared to answer any reasonable question. If the applicant is unable to answer relevant
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The number of Small Business Administration (SBA) guaranteed 7(a) loans and the number of dollars loaned under this program has varied significantly over the last 5 years. The following chart provides SBA 7(a) results for
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President Obama and his Administration have been extremely critical of large banks that do not provide enough lending to small businesses. They have now turned to community banks to fill the lending void. The Washington
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