The turbulent economy is exposing yet another type of credit where bankers let their guard down: small-business loans.
Missed payments and losses on small-business loans are surging at banks throughout the country that were so eager to pad their profits that they essentially threw typical underwriting methods out the window. Some lenders doled
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Banks are seeing more small-business loans go sour
Posted by TimJustus under Raising CapitalFrom http://online.wsj.com 5818 days ago
Made Hot by: on May 16, 2008 5:33 pm
Small-business owners find funding in nooks, crannies
Posted by ArmadaIG under Raising CapitalFrom http://www.chron.com 5826 days ago
Made Hot by: on May 8, 2008 10:17 pm
These days, small-business owners like Metzger have to be creative about getting the money to start and expand their companies. Many are turning to nontraditional sources, such as credit unions. Increasing numbers are going to online lending sites that cut out the traditional bank middleman and to factoring companies, which buy companies' future
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Home equity lines of credit being frozen
Posted by TimJustus under Raising CapitalFrom http://www.nytimes.com 5846 days ago
Made Hot by: on April 16, 2008 8:57 pm
In the last 30 days, lenders have sent several hundred thousand letters advising borrowers that their home equity lines of credit are frozen. Small-business owners who use home equity lines to bridge cash-flow gaps throughout the year are also being stricken by these curbs.
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Advice for Tech Startups Seeking VC Funding
Posted by TimJustus under Raising CapitalFrom http://www.techcrunch.com 5853 days ago
Made Hot by: on April 10, 2008 8:58 pm
From article: Despite the broader economic rumblings, it' s never been cheaper to start a company and there's still a ton of venture money out there. In fact, Ressi told me that there is so much money out there for startups that VCs are now offering to partially buy out founders' personal stakes to get deals. In effect, they are paying off the fou
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Patriot Express Loan Initiative Succeeding
Posted by JohnH under Raising CapitalFrom http://www.smallbusinessnewz.com 5862 days ago
Made Hot by: on April 1, 2008 2:47 pm
Loans intended to help current members of the military, veterans, and their spouses are proving extremely popular. The Patriot Express Loan Initiative has distributed more than $100,000 million since it came into existence in June of last year.
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YouTube Co-Founder Starts Venture Capital Firm
Posted by mer0104 under Raising CapitalFrom http://www.mashable.com 5872 days ago
Made Hot by: on March 24, 2008 2:06 pm
The co-founder of you tube has put together a "founder friendly" venture investment group called Youniversity. Aiming for companies looking for backing without having to sign off to unfavorable terms.
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Venture Capital Financing
Posted by jrjr under Raising CapitalFrom http://www.evancarmichael.com 5872 days ago
Made Hot by: on March 24, 2008 2:05 pm
Raising money for starting your own small business and defining what venture capital is.
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Why you need to build a relationship with your banker
Posted by TimJustus under Raising CapitalFrom http://www.nytimes.com 5872 days ago
Made Hot by: on March 21, 2008 7:02 pm
While every business has a bank, few have a banker. That's because bankers are too often seen as obstacles standing between an entrepreneur and the bank's vault. However, small businesses are not doing business with a building — the bank — they are working with people — the bankers. So forging a relationship is crucial.
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SBA Loan Programs Face Cuts as Credit Crunch Looms
Posted by ArmadaIG under Raising CapitalFrom http://www.allbusiness.com 5876 days ago
Made Hot by: on March 18, 2008 2:43 pm
Given the current economic climate, you would think the government would be doing all it can to bolster Small Business Administration (SBA) loan programs. But the Bush administration is proceeding as if it was business as usual. The administration, in fact, is once again proposing substantial SBA budget cuts, as it has every year since the preside
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What if every Entrepreneur had to tell the Truth?
Posted by entrepreneur under Raising CapitalFrom http://clubenetwork.com 5878 days ago
Made Hot by: on March 16, 2008 2:00 pm
Somewhat of a parody on the lives of entrepreneurs, and how they are forced to stretch the truth to get the critical things they need to survive.
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