Tag "business loan"
Managing money is a critical aspect of running a business. However, sometimes there is a cash crunch and the owner or another decision-maker needs to seek outside financing.
Credit usually plays a central role in funding a business, yet so many people still have a very vague idea of how business credit actually works.
Investing in a small business requires ample resources, namely capital and financing to get your business started. For many prospective business owners, money is in short supply what with home prices still way off from 2007 highs and available equity diminished accordingly.
Tweet Its isn’t that your banker does not want to lend money to you, rather he wants to determine what risk you pose as he considers your loan application. The
As a result of the financial crunch of recent years, getting business loans may not be as easy as it once was. The lax lending standards that contributed to the financial crisis are no longer in play, which has led to stricter qualification criteria.
Tweet A small business loan can also help, provided you follow established guidelines as set forth by the federal Small Business Administration and its banking partners. The following steps can