Financing

The numbers are in and they aren’t pretty. According to the Wall Street Journal, the last fiscal year saw defaults on SBA 7a loans for franchisees increase over 50% over the prior year. In real dollars, the loan losses totaled just over $93 million, which is an increase in percentage terms, [...]

With over a billion sites on record and growing, it is easy to get bogged down and bookmark hundreds of business related sites. Most experts say that the average user actively seeks out less than 5 sites in any particular internet session. With that said the following are our suggestions of must click sites:

When you [...]

“Why are the Obama Administration, Congress, and the Senate marginalizing the nation’s largest industry in the new stimulus plan?
Small Business Inc. employs about 60 million people, accounts for 70 percent of new jobs each year, and clearly represents the backbone of almost every regional and local economy. For this vital industry, the administration has allocated [...]

Having a bad credit rating can really make it hard to get more credit and loans, which you may need for the financing of cars, college courses or even houses, as mortgages are included under the heading of ‘loans’. Some credit companies won’t touch you at all and will just refuse to lend money to [...]

If you’re considering starting a business in 2009, you’re probably wondering how the heck you’ll finance it. Raising start-up capital has always been a challenge, but the downturn has made a hard process harder.
Some 85% of banks have tightened standards on small business loans over the past three months, according to [...]

President Barack Obama will require banks to boost lending to consumers and companies in return for taxpayer aid from the $700 billion bailout fund, in a departure from Bush administration policy, a key lawmaker said.
“You’re going to see the Obama administration,” learning lessons from the first phase of the [...]

The credit crunch looks like an espresso machine.

At least it does to Michael McDonald, who is trying to open a coffee shop near UC Santa Barbara next month but just heard that his funding had evaporated for an equipment leasing deal. McDonald needs the espresso maker and other gear in place in two weeks so [...]