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
This is a description of various SBA (7A) loan programs.
This is a description of a revolving loan program to provide potential funding for business owners locating within the limits of the City of Green Bay.
This is a possible alternative to traditional financing for new and established business owners in Northeastern Wisconsin.
1628 NW 28 street
What's Great About My Mentor?
Dan Reinhardt would not give up until he got what was needed.
How SCORE Helped
My Score counselor helped me with a large need for financing to overcome a working capital shortage. He worked with me through 4 different organizations until he got what I needed and has not stopped!
1532 Land O'Lakes Blvd, Suite B
How SCORE Helped
As a result of working with 2 fantastic SCORE advisors, I was able to obtain a loan through the Pasco Economic Development Council (PEDC). With the funds, I have had a new web site built at covertampabay.com and brochures designed, purchased new computers, and most importantly, I was able to hire a part time agent to assist in my office. Without the wisdom and experience of Hap Fairman and George Motran none of this would have been possible. My business is growing, and I have SCORE and the PEDC to thank for it!
Learn about crowdfunding
Join us for this SCORE LIVE Webinar presented by Candace Klein, CEO of SoMoLend
and Kate Drane, Entrepreneur Engagement Lead at Indiegogo
With crowdfunding, you can borrow as little as $500 or as much as $1,000,000. It is much easier than applying for a bank loan and the typical interest rate you pay is based on your credit worthiness or score.