What do business-loan lenders want to see? A business plan that installs confidence. Why? Banks lend money to make money. They earn income on fees and interest. And, they want the money back. They are looking for a well-thought out plan. What will the business do? Who will own it, manage it? Does the person [...]
The SBA Applauds Stimulus Bill, Planning Underway For Broadest, Quickest Small Business Impact WASHINGTON – The American Recovery and Reinvestment Act contains a package of loan fee reductions, higher guarantees, new SBA programs, secondary market incentives, and enhancements to current SBA programs that will help unlock credit markets and begin economic recovery for the nation’s [...]
Listen in on this 29 minute and 39 second interview with SCORE counselor Candace Behensky, where she explains what you need to do in order to increase the chances of getting business financing in this economic downturn. This interview covers both start-up business loans as well as financing for existing businesses. Take a few minutes to [...]
The year end is quickly approaching and this is the time that entrepreneurs are trying to get their affairs in order for the beginning of the next year. The next few articles are intended to familiarize you with the most popular business entities and enable you to make a more informed decision at which type [...]
The Dow is at an all time low. One year ago today, the dow broke a record high at 14,165. Today, it closed at 8,579.19. That’s over 5,585 points LOST within one year. Many banks are failing, merging, or being taken over. The Fed is cutting rates and bailing out some of the largest companies [...]
