5 Keys To Negotiating Your Fair Share Of Any Startup

I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a co-founder or two. You need to find the skills or experience you don’t have in business, technology, or money. So the first question I usually get is what percent of the company or equity…

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5 Tips for Finding the Best Loan for Your Business

There is a big difference between finding any business loan and the right business loan. If you a need a loan, you need to make sure you find the best product and price available to your business. You can’t expect the right loan to simply appear before your eyes. It takes a bit of searching…

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Where to Go When the Bank Says No

A recent study by the Federal Reserve Bank of New York found 90 percent of small businesses have had their loan request rejected by their bank in the past year. It’s an extraordinary—and alarming—number given the role small businesses play in the national economy. Access to capital is a challenge for most small business owners.…

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Should Your Next Business Loan Be Secured or Unsecured?

should-your-next-business-loan-be-secured-or-unsecured

One of the biggest decisions a business has to make when seeking finance is whether to choose a secured or unsecured loan. In simple terms, a secured loan is taken out against agreed collateral, with the lender holding a legal charge or debenture on a specific asset. Should the loan not be repaid, the lender…

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6 Ways Alternate Lending is Quicker Than a Bank Loan

What’s the difference between a bank and an alternative lender? One of the most significant is the different requirements banks place on small businesses before offering business finance. Here are just six of the things your bank is likely to require, whereas an alternative lender won’t: 1. A detailed business plan. Most banks will want…

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