A recent study by the Federal Reserve Bank of New York found 90 percent of small businesses have had their loan request rejected by...
Credit is more readily available in 2014 than it was in previous years. However, you still have to be smart and do everything you can to increase your chances of getting a start up business loan.
There are certain businesses mainstream lenders do not want to be associated with—and some of those industries would surprise you. Being in one of these “forbidden industries” can add another challenge to finding funding, and make some forms of funding impossible.
Every business owner has run into cash flow challenges, whether you need more money to grow your business or to meet the operational day-to-day...
Poor or nonexistent credit history is the thorn in many a new entrepreneur's side. It can be frustrating enough starting a brand-new business from scratch, but having a credit history that does not shine makes things even more difficult. Without a strong credit history, acquiring a loan is not easy.
Entrepreneurs exploring options on funding a small business often turn to bank loans as an effective way for them to get initial capital to pay back once they have income flowing in. However, a recent report from The Wall Street Journal indicates that while there's been slight growth in small business lending, the numbers are not very promising.
Equipment is a crucial aspect to consider when creating a small business. At some point, you will need to acquire funding for the necessary machinery to run your company.
Finding a loan without collateral is never easy. Unsecured loans are hard to come by in the best of circumstances. Throw in some iffy credit history and it can seem almost impossible. It is not impossible to get one, however.
As a small business, finding access to finance when you need it most can be very challenging and might seem impossible but there are alternatives to taking out bank loans or using your own personal funds to overcome a cash flow crisis.
As busy small business owners, we don’t celebrate milestones enough. While the world may not know about the important steps you took before officially...