Archive for business financing
Tapping 401K Funds to Start Your Business? Here’s What You Need to Know
Posted by: | CommentsWith small-business loans at a premium in our still-struggling economy, many entrepreneurs have begun tapping into their 401(k) retirement funds to help finance business startups—or, in some cases, to finance growth for their existing businesses. If you’re considering either option, you should know that the Internal Revenue Service is taking notice of the trend and
Using Factoring to Finance Your Business Growth
Posted by: | CommentsWe all need cash to run and grow our businesses. But during the current credit crunch, money is getting harder and harder to come by. Leaving bank loans, venture capital, and other financing sources aside, it’s getting tougher and tougher for many business owners simply to collect on their receivables.
If you’re having trouble
Small Business Lending Experts Are Clueless
Posted by: | CommentsRecent news in small business lending:
• CIT Small Business Lending the #1 lender in 2008 with $771,391,550 in loans filed Chapter 11 bankruptcy
• Advanta Credit Card company has filed Chapter 11 bankruptcy
• JPMorgan Chase to add $4 billion in small business loans
• Bank of America extends nearly $78 billion in small business [...]