When starting a new business startup, what is more important than passion, a great business plan, a strong work ethic, and a lot hype? Money! You can’t start a business without money and for many businesses, you’ll need more money than you have right now.
You just formed your LLC and now it’s time to figure out what to do next. Here’s what you know: You need to grow and expand before you reach capacity because a business that operates at capacity has a tough time meeting the needs of their customers in a way that makes the customer feel […]
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 […]
You’re a small business owner and you need money. You’re not alone. At some point nearly all small businesses need some sort of funding. Many simply apply for a business loan at a bank but some need even more than that. If you are thinking of soliciting large scale funding for your business, you may […]
You started with a dream and from there you formed a business plan, developed products or services, and even found a site for your new business. There’s only one thing left that you need: Money.
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.
The interest rate on loans made through the U.S. Small Business Administration’s 504 loan program have now reached their lowest point of the year, which should spur business formation and expansion.
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.