Category: Business Credit and Loans

Up to 50 percent of SBA loan fees to be covered by City National Bank

Facing a 70-percent drop in U.S. Small Business Administration loans since federal funding ended, City National Bank will pay for half of the SBA fees for LLC loans. The American Recovery and Reinvestment Act of 2009 made federal financing available in an effort to stimulate economic recovery and provide capital for small businesses. But the program expired […]

Federal Reserve reports small business lending becoming easier

The most recent Federal Reserve quarterly survey of banking loan officers revealed that conditions for business loans have become more flexible and credit lines are no longer being reduced, boding well for entrepreneurs forming an LLC and looking for capital. For the first time since 2006, major U.S. banks are reporting their lending standards are being loosened, […]

Factors that deter investors

After finishing the process of filing an LLC, entrepreneurs need to line up funding for their new venture. Entrepreneurs should be aware of the red flags, which will discourage investors from supporting a company. Martin Zwilling, the CEO and founder of Startup Professionals, offers seven factors that investors consider high risk. First, is an inexperienced team. […]

Become more appealing to lenders with business incorporation

Even with President Barack Obama’s recent allocation of $30 billion to banks that make loans to small businesses, many entrepreneurs reportedly struggle to find sufficient funds. Additionally, recent legislation proposed by Senator Dodd might render a number of angel investors no longer credible. A report from Fox Business offers some insight on how business owners might become […]

Western New York banks increasing small business lending

While there has been a great deal of attention shown toward small business bank financing in recent weeks, entrepreneurs looking to start an LLC in western New York have seen an increased willingness by local financial institutions to grant small business loans, the Buffalo News reports. In the nine-month period from last October through June, 30 local […]