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6 Ways to Start a Business with
Bad Credit
Times are tough - especially for those budding entrepreneurs looking to get
their business off the ground. And though people and businesses still need to
consume goods and services, down economies do have some effect on the business
owner's ability to find and obtain capital for their ventures.
Here's how you can find that capital if your
personal credit is not up to par.
When Applying for Business
Credit, Think of This Acronym
If you or your business are seeking credit and feel a bit nervous about your
chances of getting the cash you need, pause for a moment, take a deep breath and
remember this simple acronym.
Financing Your Business In 2009
There are many criteria that banks require in approving loans for businesses.
Credit worthiness is important, but lenders also want to know if a business will
be able to service a new debt. Find out how banks
calculate your business' ability to repay a loan >>
Why Do Lenders Require
Collateral?
When you apply for a loan, the bank usually wants to know what you can put
up as collateral. Yet not all forms of collateral are as appealing to banks
as others. Find out why lenders need
collateral and what qualities they look for in it.
Is Debt Always Bad for
Business?
Do you hold the belief that all debt is bad for your business? It's true
that unmanaged debt can quickly get out of control, but debt chosen
carefully for the right reasons can allow your business to take advantage of
opportunities that you'd otherwise have to pass up.
Read more >>
9 Alternatives to a
Traditional Business Loan
Having trouble getting a business loan? Whether your business needs capital
to grow, meet payroll, or to just simply survive, there are numerous
alternatives for your company when banks say "no."
Here are nine alternative sources of
capital that you may not have considered.
Raising Capital
with Private Placements
With the stock market and economy in their current condition, it's not
likely you'll be seeing many IPOs in the near future. If your company is
looking for capital, there are still ways you can raise money to grow
without waiting for the economy to turn around or depending on venture
capital. Details >>
How You Can
Qualify For A Business Loan
With the recent turmoil in the financial markets, banks and other lenders are
further tightening their purse strings, especially to small businesses.
But, if your business is strong in these three areas
that lenders always consider, your chances of getting approved are better.
Commercial Real Estate
Loan Source
Are you having trouble finding a commercial real estate loan of $250,000 or
more? Submit your loan needs on this
form.
Business Loans for Start-Ups
Businesses have trouble securing financing at the best of times, and it can be
even more difficult for a new business. To stand the
best chance of securing those much needed funds, follow these four steps to
cement getting approved.
10 Ways to Get Money to Start a
Business
Many people are held back from starting a business because they don't have
the money to get it started, or they don't know how they'll make enough
money to replace their salary once they're up and running.
Here are several common ways that
entrepreneurs find the startup funding to finance their dreams.
Demand Continues for
Government-Backed Loans
The U.S. Small Business Administration reported that since the start of the
fiscal year the agency approved a total of 6,215 loans for a total dollar amount
of $1.036 billion in its flagship 7(a) loan guarantee program.
Read more >>
Loans to Women-Owned Businesses
Increase
As part of the SBA’s record-breaking performance
in FY 2004, the agency and its lending partners provided more loans to
women-owned businesses than ever before.
Read more >>
Venture Capital Intermediary
Just when you thinks it's safe to get back into the
financial waters... it is. Whether testing the waters with a toe or taking the
plunge to really put that small- to medium-sized business in high gear, CAPS
Interactive has changed the rules and is knocking down financial barriers.
Details >>
Small Business Failures and Financing
What's the real story behind how often new businesses fail? How about where
small businesses go for financing? The SBA Office of Advocacy has recently
examined both these issues, and the findings may surprise you.
Read more >>
SBA Revamps Loan Program
The U.S. Small Business Administration is modifying its 504 Certified
Development Company Program to encourage creation of new lenders, expansion of
the territories they serve, and, ultimately, improve the delivery of the program
to small businesses and further spur job creation.
Details >>
More Small Business to Qualify for SBA Assistance
The U.S. Small Business Administration has increased its revenue-based size
standard for small businesses in the facilities support services industry. The
new standard will allow more companies to qualify for assistance and compete for
federal contracts.
Read more >>
Military Reservists Disaster Loans
The temporary loss of key employees can disrupt normal business activities.
How will your business survive if one or more of your essential employees who is
a military reservist is called to active duty?
Read
more >>
Easier Access to Capital
The Small Business
Administration has just announced changes in the SBAExpress pilot
loan program that will significantly expand the number of lenders
participating in the program and increase access to capital for
small businesses.
Details >>
Business
Loans Made Easy
Yes,
Virginia (and Victor, too), there is an easy way to borrow money for
your SOHO business. And you don't need a rich uncle or have to
give your brother-in-law's purple-haired son a job to get it. Click
here for information.
Forget About Venture Capital
When it comes to launching a company or expanding your business, there are only
a few sources for the necessary capital. Unfortunately, venture capital isn't as
readily available as it once was. Here's why
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