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Bank Loan Request for Small Business Readers who do not yet have the advantage of knowing you will judge you by your writing. Pay some attention to what you say and how you say it. What follows is a sample cover letter for a bank loan request. Note how much information is packed into a short letter, and that it 
Can Your Nonprofit Raise Money Through Crowdfunding? Like all things entrepreneurial, crowdfunding has its legends. Most of the time the stories run like this: So-and-so small business owner wanted to raise $3,000 to help fund his new business idea and people liked it so much he raised $50,000. Obviously, those success stories are rare, but it is
Understanding Your Business Credit Score How much do you know about your business’s credit score? If the answer is “not much,” you’re not alone – Entrepreneur magazine reports that less than 10% of all business owners understand how their business credit is established. However, if you want to access
Often business owners think banks and lenders only compete on the price of checking account services and interest rates, but as a business owner you should expect more from your lender. Here are two ways your lender should help out your business: 1) Your lender should work to educate
Financial Projections Template Download this financial projections Excel template to calculate your startup expenses, payroll costs, sales forecast, cash flow, income statement, balance sheet, breakeven analysis, financial ratios, cost of goods sold, amortization and depreciation for your small business.
Alternative Lending 101 Over the past several years, banks have largely pulled away from lending to small businesses. They’ve done so primarily because they’re more averse to risk, plus it’s typically not profitable for them to make loans that are less than $250,000. To meet the demand for small
A Beginner’s Guide to Angel Investing What is angel investing? An angel investor is a private investor who provides capital for early stage companies at their seed or subsequent funding rounds. An angel investor acts alone or as part of a group, buying equity of the company (stock or
One of the toughest moments in your business life will probably be asking someone else to give you money to fund your dream. Usually it’s a pretty large sum, and most people don’t have experience with asking for that kind of money. But working through the Roadmap at Wicked Start
Crowdfunding is the greatest economic opportunity in our lifetime. Economists have predicted the crowdfunding marketplace to grow to $300 billion; some say it can even grow larger.  The Jump Start Our Business Startups (JOBS) Act, recent legislation dealing with regulations on investors
Supplier Financing Steve Strauss, founder of www.theselfemployed.com, explains the concept of supplier financing and how it can be used to start a business on a tight budget.

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