Tag Archives: credit
Your plan for financing a new business depends largely upon the type of company you create. Plenty of people start a business and spend no time raising money. In fact, most small businesses are not capital intensive.
When Congress enacted the CARD Act, legislation that protected consumers from unfair treatment by credit card companies, Washington was praised for enacting real world legislation that would have effects that would be felt by anybody using a credit card but does the CARD Act protect small businesses? The answer is simple: It does not and [...]
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 [...]
A number of states have passed tax credits for angel investors in an effort spur additional financing and new business formation for entrepreneurs. If early returns from a program in Minnesota are any indication, the tax credits may be a widespread success.
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.
Credit union activists are trying to encourage lawmakers raise the credit union lending cap – a move that could allow credit unions to give out $10 billion in additional loans for business formation and other uses.
A recent wave of fraudulent loan scandals has targeted small business owners who may have been denied credit at other lending institutions as they try to create a corporation.
The Small Business Administration reports that small businesses are predicted to lead economic recovery as SMBs have created 64 percent of net new jobs in the past 15 years. Now, the administration is making an effort to spur business formation – and job generation – with an appeal to increase credit for small businesses.
Some entrepreneurs think the brilliant business idea is all they need to make it big. Unfortunately, there are some logistics that can keep even the greatest concepts from launching into successful businesses – like credit scores.
President Barack Obama asked banks to help finance small and starting companies last year as experts predict these companies will drive economic recovery. Now, it seems a number of major financial institutions are stepping up to help business formation by offering funds to SMBs in 2010.