Financing / Loans
A look at the different venues that small business owners use to obtain capital for growth including loan approval rates and the total cost on a business, in time and money, of financing.
A look at the different venues that small business owners use to obtain capital for growth including loan approval rates and the total cost on a business, in time and money, of financing. Learn more by downloading the graphic that explains, "Where do I get the capital for growth?".
After several years of financial market upheaval, banks have once again opened the lending window to viable small businesses with proposals that meet the loan threshold at the bank. But as Chicago-based author and consultant Carol Roth notes, the number of loan approvals is not high because the banks are determined not to repeat past mistakes.
While banks remain a primary small business funding option, this is the time for entrepreneurs to consider some alternate sources of start-up or expansion capital.
Len Fischer, founder of Benetrends, shares expert tips on obtaining financing to start or grow your business.
With the economy showing signs of continuing recovery, has it become easier for small businesses to get financing?
I’ve recently taken my business plan for a new and innovative consumer product to several banks seeking funding, but have had no success. What are some other financing options that might be available to me?
Entrepreneurs and small business owners trying to obtain a conventional loan from a bank can find the process arduous, if not nearly impossible. It’s no secret: banks have become more restricting when it comes to lending after enduring huge losses from the economic downturn of recent years.
Raj Tumber, a SCORE Las Vegas mentor, debunks the myths surrounding small business financing and offers alternative options to consider.
This paper will outline ways to stay ahead on your business accounting and financial paperwork. These simple weekly steps will save you major at tax preparation time as well as providing useful ongoing operational financial information to guide your business decisions.
A comprehensive description of what a lender is looking for to establish the credit worthiness of a borrower. The 6th "C" is a recent addition.
Lending institutions want to lend money because it’s the way they make money. However, they only want to lend money to a borrower who is able to repay the loan on time and in full.
Virtually all businesses, at some point, need to borrow money. The question is, how do you convince someone to lend it to you? Although most new ventures are financed by the resources of family and friends, at some point it will be necessary to approach a commercial lender.
What does a lender look for? What criteria do they use? In the past, you would hear about the mysterious “Three Cs of Credit” (sometimes there are even five). That is:
A description of various SBA loan guaranties. See also SBA Financing Alternatives Part B