Category Archives: Credit Building
If you’re looking to start a small business that has a physical presence, the startup costs can be quite large and unless you already have access to funding from family, a trust fund, or you’ve done well for yourself, you will have to find a source of funding for everything you need. Is a bank [...]
The Federal Reserve reports that for the first time since 2008, banks have increased credit for three consecutive months, July, August, and September of 2010. This is welcome news for the entrepreneur hoping to get a small business loan.
Any business that doesn’t immediately collect all the money at the time of a sale has entered the realm of extending credit. This entails a risk that the sale amount may never get to the bank account.
A business that has recently started operations or is experiencing sudden expansion requires working capital to grow. Some companies need inventory and can obtain credit from suppliers. Others need equipment and can obtain financing from a manufacturer. However, other options are necessary if your business needs cash simply because of selling on credit terms to [...]
Businesses all over the world have faced headwinds due to the global economic slowdown and none have been hit harder than small businesses. Fortunately, the United States Small Business Administration has a program which provides short term funding for those who have felt the effects of the sluggish economy.
A microfinancing loan can be a big help to an entrepreneur looking to create a corporation. But the sources of those small business loans are becoming more varied as the nation’s economic recovery continues.
Sam’s Club, a division of Wal-Mart, has announced that it is testing a new online small business lending program to help spur business formation and growth.
As the economy begins to pick up, more banks are once again using the U.S. Small Business Administration to help give loans to small business owners looking to create a corporation.
Entrepreneurs are now using microfinancing more than ever as they try to get the capital they need to create a corporation without taking out traditional bank loans, according to BusinessWeek.
Two River Community Bank in Middletown, New Jersey, says it has formed an SBA lending division to help support new small business formation and job growth.