Category: Business Credit and Loans
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 […]
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 […]
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 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, […]
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 […]
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 […]