Legislation Increasing Support to SBA Investment Program a Step Forward for Entrepreneurs Looking for Capital
House legislation seeks to provide greater access to capital for entrepreneurs by expanding the amount available to small business investments through the SBA's Small Business Investment Company program
Peer-to-peer (P2P) lending is a fairly straightforward concept: networked lending between people who want to borrow money with those who want to invest money. Also known as social lending, this form of crowdfunding is facilitated through specialized investment firms and websites.
All options for loans have both positives and negatives, as an entrepreneur or small business owner you need to select the option that best aligns with both your long term and short term goals. Explore all possible options and don't ever let funding be a reason that a great idea doesn't come to life.
Applying for a business loan can be intimidating and stressful, and it can be confusing to have an application rejected with little explanation. Three of these steps are described below, and should be completed prior to approaching a financial institution about a loan.
Next month two budget-neutral economic recovery programs for small businesses will expire unless Congress ends its election-year deadlock and extends them.
Franchising Is Safer for Lenders and Entrepreneurs When They Use the Right Tools to Make Better Choices
I financed several start-up restaurants when I was in the commercial mortgage banking business. All of the non-franchised restaurants failed within the first two years. So I studied the restaurant failures to better understand what it takes to underwrite them successfully.
The salvation for small businesses appears to be the community banks that represent just 10% of all U.S. banks. These bankers live in the community. These are the old-fashioned relationship bankers that want to know about the character of the person they lend to.
Even as recent headlines detail yet one more investment debacle at a behemoth Wall Street bank, small businesses and credit unions continue to carry the water for America's communities and ultimately, our entire nation's economic well-being.