Business Bank Accounts: 6 Mistakes Small Businesses Make
By Sarita Harbour
April 22, 2014 Business News Daily
If you’re ready to get serious about your small business, you’ll want to open a business bank account to manage your finances. However, with so many options available to business customers, it can be confusing to set up a new account. Small business experts shared some of the common mistakes business newbies make with their commercial accounts, and how you can avoid doing the same when opening your own.
Five Tips to Help Get Money to Expand or Upgrade
By Susan Solovic
February 28, 2014
The financial press is beginning to report a little easing on bank loans to small businesses. This is especially true for established small businesses. If you’re planning to open a new small business, it looks like banks are still holding on tightly to the purse strings.
Great Advice on Creating a Compelling Pitch for Your Small Business
By Susan Solovic
February 23, 2014 THE Small Business Expert In one of the worst business pitches ever featured on the ABC reality show, “Shark Tank,” Michael J. Desanti tries to wow the panel with a bird feeder that can be remotely triggered to electrocute ravenous squirrels. The only thing that got sapped was any potential for interest from the prospective investors.
Small business, big mistake: We waited too long to apply for a business loan
By Serge and Wendy Albert of Tempo Restaurant in Alexandria, Va.
February 3, 2014 The Washington Post Welcome to “Small Business, Big Mistake,” where small-business owners face up to their biggest mistakes and share advice to help your company avoid the same fate. Check back with On Small Business every other Monday for the latest entry.
The Absolutely Best Time to Borrow Money
By Ami Kassar
January 15, 2014 Inc.com staff
At my loan brokerage firm, I receive calls from small business owners everyday who are desperate for loans–not only to save their businesses, but just to keep the roofs over their heads.
4 Factors to Consider Before Taking Out a Small-Business Loan
By Rachel Hartman
December 30, 2013 Intuit Small Business Blog
If your company is running short on funds, applying for a loan may seem like the best next step. After all, an influx of cash can keep operations running, support expansion plans, and ultimately help to increase revenue.
FY 2014 SBA Loan Volume is Off to Sluggish Start
By Bob Coleman
November 12, 2013
Editor, The Coleman Report
On the one hand, it’s perfectly understandable that loan submissions in the first month of fiscal year 2014 would be less than desired.
Number of small businesses changing hands rises in Ohio
By Scott Suttell Crain’s Cleveland Business Columbus Business First reports that the market for buying and selling small businesses “stayed hot in the third quarter,” with numbers trending up in Ohio and nationwide.
Loan Spigot Runs Dry for Small Businesses
By Ruth Simon and Angus Loten on October 7, 2013 The Wall Street Journal
The government shutdown is throwing a wrench into efforts by some small businesses to get government-backed loans from the U.S. Small Business Administration.
6 Secrets to Getting a Business Loan (Even in Tough Times)
By Minda Zetlin on September 23, 2013 Inc.com
Want to start a business but afraid you can’t get financing? Credit may not be as plentiful as it was before the financial crisis, but loans are still out there for small business owners who do their homework …
Back Home: Veterans’ business loan program higher in defaults
By Colton Totland on August 26, 2013 The Denver Post, American Homecomings
An $800 million federal loan program intended to help veterans start businesses has a default rate nearly 75 percent higher than other small-business loan programs, according to a News21 analysis.
Why Small Business Lending Is Getting Better (and Worse)
By Patrick Clark on August 22, 2013 BloomburgBusinessweek
Keeping track of the research on small business lending must be frustrating for entrepreneurs. If you’ve been following the New Entrepreneur these last few weeks, you’d know that approval rates are up, lending is stuck in the mud, and outgoing Small Business Administration chief Karen Mills’s top achievement was to boost lending.
Access to Capital for Main Street is improving for its Members says NFIB
By Bob Coleman on August 6, 2013
Editor, The Coleman Report The latest NFIB quarterly survey reveals access to credit continues to improve for its members. Some numbers are approaching 2008 pre-recession survey results.
The 5 Myths of Getting a Loan
By Rohit Arora on July 19, 2013 CEO & Co-Founder, Biz2Credit
As a small-business owner, you’re bound to make a few missteps. Spending more time thinking when you should be acting, overselling your idea when you should be playing it cool—these are typical beginners’ mistakes. But when it comes to getting a loan, you (literally) can’t afford to slip up. Here are five loan application don’ts you should do your best to avoid
Why Getting a Loan May Get Harder
Kimberly Weisul on July 15, 2013 Inc.com staff
A heavy-hitting business lender says regulatory overzealousness is going to make it harder for entrepreneurs to get credit.
Small Business Lending Up 52% in Last 12 Months
By Bob Coleman on July 9, 2013
Editor, The Coleman Report
In a year-to-year comparison, small business lending approvals at big banks are up 52 percent over the figure from June 2012, says the latest Biz2Credit Small Business Lending Index
What Not to Do When Seeking a Small-Business Loan
by Robert Moskowitz on July 1, 2013 Intuit Small Business Blog
Small-business owners who get turned down for a loan often blame the lender. Yet, more often than not, the owner is primarily at fault, because he or she went about borrowing money all wrong.
Debt vs Equity – Are you a Moron?
By Bob Coleman on July 1, 2013
Editor, The Coleman Report
Anybody who starts a business with borrowed money is “a moron.”
So says Mark Cuban. And New York Times blogger Ami Kassar doesn’t like the characterization. Ami writes, “There are three ways to finance the start of a company: one is by giving away equity, another is by taking on debt, and the third is through personal savings.
Two for the Price of One
By Bob Coleman on June 27, 2013
Editor, The Coleman Report
There are two takeaway’s in this afternoon’s Coleman Report.First, this is an example of how the CEO and Founder of Worthington National Bank uses a Twitter inteview for a branding and marketing exercise.
Small Business Lending in Deep Freeze
By Bob Coleman on June 25, 2013
Editor, The Coleman Report
Yesterday, we reported how Obama’s Small Business Lending Fund has increased small business lending for 90% of lenders who accessed the fund.
