Business Finance Articles For Entrepreneurs & Small Business OwnersNew SBA Financing Programs … More Money for Small BusinessBrett Palmer, president of the Small Business Investor Alliance, credits SBA’s Sean Greene for shortening wait times for SBIC licenses to less than 6 months and as a consequence, the annual rate of new licensees has more than doubled over recent years. The SBA grants licenses so private entities can provide money to small businesses. […] Collateral is a Big Factor in Getting a Business LoanMost small business lenders now require borrowers to put up hard assets to be granted loans, and the most common collateral used is real estate or one’s home. Take the case of Craig Holman who put up his share of the family farm as collateral to get an $85,000 loan to buy into an AdvantaClean […] Small Business Lending: Government Urged to Extend SBA Federal InitiativeSteven Grossman, Treasurer and Receiver General of the Commonwealth of Massachusetts, and Robert Baker, President of the Smaller Business Association of New England (SBANE), in a Huffington Post article, urge the government to extend the highly successful federal initiative to December 31, 2012. They claim that the effect of the previous funding was dramatic. SBA […] Starbucks Create Jobs for USA ProgramHoward Schultz, CEO of Starbucks, will launch a “Create Jobs for USA” program that asks the American public to donate $5 at any of its stores for small businesses. A Pepperdine poll showed that less than 50% of small businesses obtained loans from lending institutions . This lack of credit results in less jobs being created […] Alternative Financing For Small BusinessesObtaining loans from traditional lending institutions such as banks is more difficult these days. With the recent recession, a number of banks have gone out of business while others have merged. Today, there are new regulations and criteria for these financial institutions to provide financing. Business lawyers Ruth Miijuskovic and Jim Shnell, in a talk with […] Papa John’s Franchisee and GE Capital Franchise Financing DealGE Capital, Franchise Finance, specializing in financing restaurants and hospitality industries with over $10 billion assets, has agreed to refinance the existing debt of BAJCO Group, a Papa John’s Pizza franchisee. Papa John’s is the world’s third largest pizza company where BAJCO owns and operates 74 units in various states of America. This news was […] Where to Get Loans for a FranchiseShelly Sun of BrightStar shares her experience regarding financing franchises. She says that the most common cause “for failure for franchisors is under-capitalization”. In her article in Enterpreneur.com, she gives advice on where and how to get a franchise loan. Banks, government programs, friends and family can give you the financing you need. The No. 1 […] SBA Loan Volume at All-Time HighNetwork Solutions reported that the US Small Business Administration announced a record volume of loans in fiscal year 2011. This volume is the highest in its history. The first quarter of 2011 was also the most active single quarter ever for SBA-backed loans with over $12 billion. This is more than double any quarter in […] Banks To Increase Lending To Small BusinessesAfter meeting with Vice President Joe Biden, major lenders are increasing loans to small businesses. According to American Banker, Biden met with executives from 13 banks including Citigroup, KeyCorp and M&T Bank. Citigroup pledged $24 billion in loans to small business in the U.S. over the next 3 years. President Barack Obama has said […] Not All Revenue is Created EqualMany small business owners envision “more revenue” as the key to a higher selling price. But, is that really true? Is it really more revenue that the owner needs, or just better, more profitable revenue? It can be an enlightening experience to understand what tasks create value in your company and which ones simply keep […] Financing a Business Loan: How is it possible?Collecting sufficient capital for small business can be a laborious task for new owners. The banks usually turn down the loan application of new entrepreneurs as they avoid taking risk of lending money to companies without an established financial record. But do not worry as there are options that you can rely on to finance […] The Small Business Financing CrisisThe current small business credit crunch is getting much attention and rightly so. We know very little about the overall small business universe because it is so huge and diverse. Most discussions about this topic focus on credit and lending, but the issue is much more complex than that. A more broad-based discussion is necessary […] Need Your Delinquent Customers To ‘Get It’?Not too long ago, I shared some lunch with Nancy, a relative newcomer to the speaking business. When we got to coffee, Nancy cleared her throat and asked me for some advice about one of her customers. “It took me some time to land this customer,” she said. “Finally, he agreed to one of my […] The Dark Side Of CollectionsNot long ago, Tori, a scheduling manager with one of my favourite clients called me. “I know your usual topic is Accounts Receivable,” she said, “but I was wondering if you also conduct programs on ‘Accounts Payable’? I don’t know the topics myself,” she added,” but how different can they be?” Well, the short answer, […] SBA Loan Limits On Business Buyouts – Good For Small Business?In March this year, the Small Business Administration (SBA) placed a limit on the guarantees it was extending on “goodwill” financing, capping them at $250,000, or 50% of the total SBA loan amount, whichever figure was lower. “Goodwill” financing is a part of a SBA business loan that is used to acquire the intangible assets […] How To Finance Your Business PurchaseEven the most lucrative and attractive business deal can freeze in its tracks if an entrepreneur cannot get adequate business financing. This aspect is especially important if there is an opportunity for business acquisition, as really remarkable deals can be very few and far between, and getting adequate business purchase financing on time is the […] Do Your Own Business Valuation – Part 4: Quantifying Business RisksThe basic concept of business value is that the future benefits (return) of owning a company must be adjusted (discounted) for the risks associated with owning the company. The sales or earnings of a company are typically used to represent the benefits (return). Multiples and rates are used to represent the risks. The sales and […] Let Robert Plant Be Your Financial AdvisorIn 1969, Robert Plant famously sang: “Don’t know where you’re goin’, only know just where you’ve been”. Even for those that don’t listen to Led Zeppelin on a regular basis, there is some truth to be found here. When a financial advisor attempts to build a relationship with his client, it is useful to ask […] Franchise Loans: How to Get a Franchise Loan During a RecessionFinding Franchise Financing Individuals or groups looking to buy a franchise rarely have the kind of cash it takes to pay for everything up front. When you take into account the initial franchise fee – anywhere from $25,000 to $50,000, or more – plus money for equipment, inventory, supplies, advertising, and possibly even real estate, […] Using Home Equity to Buy a BusinessFinancing Your Dream Business Prospective business buyers are always looking for innovative ways to come up with the money to start a company or acquire an existing one. If you want to buy a business, your choices may be limited based upon what you own, what you owe, how good your credit rating is, and […] |
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