Here’s what you need to know about government grants for small businesses, who is eligible to receive them, and how to go about getting them.
Loans and Grants
“Not wanting to look a gift horse in the mouth, we took the $1,000 check. The only problem was that we needed more: We’d already committed $2,000 to local boutiques.”
Whether you’re a nonprofit, a new small business, a high-tech startup, or an up-and-running company, and whether you’re looking for a loan or a grant or an equity-sharing arrangement, there is an option for you.
Did you know that 60 percent of businesses that fail are profitable when they go out of business? They just don’t have the cash flow to cover their expenses, and it forces them into closure. Part of the problem is that once your cash flow issues are apparent and affecting your business operations, it can [...]
Obtaining a loan certainly isn’t the most fun aspect of running your business, but it can be achieved with a little work and planning. Here’s how.
The effect of a cheap money strategy on the future prospects of businesses can’t be underestimated.
Credit unions are member-owned, not-for-profit financial cooperatives. That means everyone who becomes a member owns a piece of the rock. No shareholders. No paid board of directors focused on profits. Every decision the credit union makes takes members into consideration first.
Over the next year, 61 percent of small business owners expect to expand their businesses. For many that will mean they will be in search of capital. What may surprise them is they may be required to sign a personal guarantee to secure financing. Below are seven things you need to know about personal guarantees. [...]
Having a strong credit score certainly makes it easier to start up a new enterprise. Unfortunately, many business-savvy individuals have to put their entrepreneurial ventures on hold due to their poor — or sometimes nonexistent — credit histories. Building credit might seem impossible for many young entrepreneurs, especially if they’re in school. However, the more [...]
A complete and accurate business credit report is like a gourmet meal to a loan underwriter. Your business credit report is important for your company getting a business loan, because it tends to verify the information provided in your credit application and business plan. Much like a personal credit report, unless it is managed, the [...]