Category: Business Credit and Loans
If you’re not independently wealthy, one of the biggest challenges when starting an LLC or other small business is obtaining the necessary capital to grow.
You’re probably familiar with the FICO® and VantageScore®. But as an entrepreneur, you’ll need to get familiar with D-U-N-S number, too. Here is what you need to know.
Here are some ideas on small business crowdfunding, including how it works and the pros and cons of this relatively new investment strategy.
An increasing number of entrepreneurs are getting loans backed by the Small Business Administration to help them start a corporation, according to the Enterprise Ledger. Banking officials told the paper that while banks are looking to lend, they are also sending many business owners to the SBA to get a government guarantee for their loans […]
Recent research by the Center for Venture Research shows that angel investors are helping more entrepreneurs than ever get the early-stage funding they need to start a corporation. The study found that even during the recession, angel investors funded more than 57,000 small business projects last year – a 3.1 percent increase over 2008. Thirty-five […]
The Ohio Huntington Business Loan program – a joint collaboration between the State of Ohio and Huntington Bank – has given out loans worth $465 million dollars in the first year of a three-year, $1 billion program. Officials say the partnership has worked to give loans to more than 2,000 small- and medium-sized companies. The […]
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. […]
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 […]
After a lengthy period of planning, troubleshooting and organizing, small business owners must prepare to attain venture capital investments. Though success rates vary for each case, the path is often similar when it comes to attaining funding. By using these steps, an entrepreneur can increase his or her opportunities at acquiring the desired capital. A […]
Small business borrowing showed a 12 percent year over year increase in April, according to the Thomson Reuters/PayNet Small Business Lending Index. The index actually fell 0.6 percent compared with last month to finish at 78.4, but still showed steady improvement compared with numbers from the recession. Reuters says the index also found that fewer […]