For a very long time things were going great. Cash was flowing, business was going well, banks were giving business loans to anyone that had a pulse, and it was good. Well, we now know it wasn’t so good, but at the time I couldn’t have been happier. As the economy came and customers started to [...]
Continue reading...12 December 2009
In my last blog I spoke a bit about Hard Money Loans for small businesses. Today, I spoke to a customer that was looking for a business loan and was expecting all these receivables to come in from his clients. He had decent credit and the business had been around for a few years. The [...]
Continue reading...10 December 2009
Lending is on every small business owners mind. I mean that’s what I would assume because I’m a small business owner and it’s always on my mind. The question always being where can I find financing in such a tight time right now? I have done all kinds of research on different kinds of funding [...]
Continue reading...27 November 2009
You wouldnt believe how many business owners I meet that haven’t a clue what business credit is all about. I have conversations with them about business financing and keeping the company rolling to find out they are using personal credit cards and their personal credit score to finance their companies. Some of these businesses I [...]
Continue reading...17 November 2009
With the credit markets so tight right now businesses are starving for access to capital. Local community banks and your larger banks have brought lending back to a bare minimum. The regulators are telling the banks to raise capital while the government is asking the banks to lend. The regulators however, are the ones that can [...]
Continue reading...11 November 2009
A business owner is always trying to go after cheap money. Running my own business ask myself on a regular basis, “How can I borrower money for free or close to it to grow my business?” There all kinds fo ways to borrower money for your business. One of those ways is a credit card. Now most businesses owners will tell [...]
Continue reading...9 November 2009
There are many things I dont understand about this economy. However, one thing I do know is the small business community cannot move forward or grow if they dont have access to capital. Lines of credit and working capital loans are crucial for any business when it comes to growth. Some of the larger banks have [...]
Continue reading...6 November 2009
Fee’s to get a business loan today are changing daily. Before, you never needed to pay a financial institution to find you a business loan. With the market being the way it is more and more lending institutions are needing to charge more fees to barrowers in order to get the work done. The SBA [...]
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17 December 2009
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