In the midst of a credit crunch, big banks say they are still willing to provide small business loans, but only to those whom they feel are capable of repayment. Obviously, one of the major factors that banks use to determine whether an applicant is capable of loan repayment is credit score, leaving businesses […]
The number of minority owned businesses has been steadily increasing since 1982. According to statistics released by the Small Business Administration in 2007, between 1982 and 1997 “…the number of minority-owned firms increased at a rate of 8.5 percent per year…” This percentage is three times that of all U.S. businesses. The […]
The new wave in small business financing doesn’t only mean more and more opportunities for non-traditional small business lenders. It also brings an upsurge in opportunities for small business owners who would not have thought twice about such methods of financing had bank loans remained as easy to obtain as they have been in […]
For most of us, the holiday season means a chance to create warm memories with friends, family and loved ones. But for years, it has also meant crowded shopping malls and stores, and the emptying of tons of money from consumers’ pockets.
Retailers usually expect to experience their highest sales volumes during this […]
A commercial real estate loan submission is similar to a prospectus, although it is typically more complex. Lenders analyzing a potential commercial real estate loan must examine many critical details in the submission.
In some instances, lenders will require that documents be presented in a particular order, but many items are interrelated and therefore will be […]
You have plans to expand your business. You’ve outlined everything that you want to do, and now all you need is the money to take these plans off of the paper and put them into existence. You’ve already gone the bank route before, only to find that your credit score was not high […]
What is the key to small business success? Some will say it is determination, some may say adequate business financing, and others will still say it is all left up to chance. Whether or not there is a secret ingredient to the recipe for a prosperous small business, one thing is certain; everyone […]
Debt factoring takes place when a business sells its accounts receivable to a specialized finance company known as a factor. The receivables are sold at a discount and the factor has the responsibility of collecting the outstanding amounts. This is also referred to as accounts receivable financing or factoring.
This type of arrangement is used by […]
A recent article titled “The Frozen Economy,” details the effects that the current state of our economy is having on Americans. Frozen - motionless, still, cold, unfriendly, frigid; there couldn’t have been a better word choice. From the stay at home mom in Omaha, Nebraska, to the big Wall Street businesses and everyone […]
A joint venture is a great way to get a unique business opportunity that is valuable for both the investor and the entrepreneurs who have solid business ideas. There are limited drawbacks to the partnerships, and usually there is a plethora of potential benefits from the partnership. It is an investment strategy with a win-win […]
