Showing posts with label lending. Show all posts
Showing posts with label lending. Show all posts

Thursday, March 19, 2009

Guide to Business Credit for Women, Minorities, and Small Businesses

The need for financing is a critical and perennial concern for the owners of small businesses. Indeed, few things are as crucial to the health of a small business operation. Many small businesses are launched by the personal resources of their owners. But they can quickly reach the stage where the owner must look to the credit market for financial help in expanding operations. The banking industry is an important source of working capital. However, entrepreneurs may not realize that applying for commercial credit is a more customized process than obtaining consumer credit, and requires a great deal of preparation by the business applicant. This brochure may help to de-mystify the process and improve your chances of getting the credit you need.

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Online Request for SBDC Counseling




Wednesday, March 18, 2009

When Banks Say No, Microlenders Say Yes

When banks say no, owners of cash-starved small-businesses aren’t giving up on finding loans.

Many are turning to microlenders for the money they need to meet the payroll, buy supplies, pay the rent and keep the lights and heat on.

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Online Request for SBDC Counseling



Friday, March 13, 2009

Feds Launch Drive to Increase Lending

With the stated goal of generating up to $1 trillion in lending for businesses and households, the Federal Reserve and Department of the Treasury have rolled out their plan to lend up to $200 billion by the end of the month. Part of the Term Asset-Backed Securities Loan Facility (the bigger the program, the more words allotted to it), the cash infusion is aimed at "eligible owners of certain AAA-rated asset-backed securities backed by newly and recently originated auto loans, credit card loans, student loans and SBA-guaranteed small-business loans."

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Online Request for SBDC Counseling



The Stimulus and Small Business: What's In It For Us?

We've had a number of small businesses wondering how the recent passing of the stimulus package will ultimately affect their bottom line. Based on our research, the following seems to be of importance for small business owners.

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Online Request for SBDC Counseling