Archive for Small Business Financing
The New Rules of Getting a Business Loan
Posted by: | CommentsGetting a business loan in today’s economic climate is a bit like preparing to climb Mt. Whitney. Before you start, are you in good physical (and fiscal) shape? Have you thought of everything you’ll need to make your journey problem-free, as in no surprises and no hidden credit traps?
FICO Inc. recently reported that in April
Are Microfinance Lenders Right for You?
Posted by: | CommentsWith more and more small businesses being turned down for financing by traditional lenders, microfinance lenders, or microlenders, are stepping in to bridge the gap.
Microlenders are community-based nonprofit lenders, customarily created to help underdeveloped, underserved, or economically challenged communities. They are also more likely than typical banks to lend to less experienced entrepreneurs or startups.
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