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There’s good and bad news to share about startup financing for a small business. Keep in mind, we are only looking at debt options so think of loans and lines of credit that you pay back to a lender. We are not looking at any equity solutions such as angel investors, venture capital, etc. The go Read More

According to the SBA, 90% of our nations small businesses are family owned. Of course, “family owned” does not always mean it’s a husband & wife team but many of them are as referenced here. We all know that small business owners need capital today as bad or worse than ever. We’re not here to co Read More

These are the five biggest mistakes we’ve seen since the onset of the credit crisis in 2008:
1. Using Personal Credit Cards for Your Business
2. Using Borrowed Funds the Wrong Way
3. Pledging Excessive Collateral With Your First Loan or Line of Credit
4. Doing Your Own Research and Getting It W Read More

Some entrepreneurs think that the only goal of borrowing is to get approved or just to have some form of financing they can use. But it’s bigger than that. It’s actually common for businesses to grow and then to need additional capital to propel themselves to the next level. Read More

It’s no secret that capitalizing your startup business can greatly contribute to its long-term success. However, did you know that even the smallest amounts of financing can take your startup business to the next level in a big way? That’s right, small loans can generate big returns for your startu Read More

We all say that Cash Flow is King for small businesses. Well, according to the National Federation of Independent Business, 45% of small-business owners say their most significant problem of getting paid is slow or late payments. Read More

There’s all kinds of statistics out there about how often businesses fail, and what causes them to fail. According to Michael Gerber, who authored The E-Myth, 80% of businesses fail within 5 years. Then, of the 20% that remains, another 80% of them fail between years 5-10. Read More

HELOC’s were once a popular financing tool for small-business owners around the country. Then, almost overnight, they were not even among the 10 most common forms of small-business financing. Read More

If you are a new entrepreneur in need of startup business financing, it’s important to know the three biggest small business financing mistakes made by entrepreneurs in their first 1-2 years. Knowing and understanding these mistakes will empower you to make the right decisions. Read More

It’s time for your quiz. Who issues Paydex scores? Who issues FICO scores? What is the scoring range for Paydex Scores? What is the scoring range for FICO scores? Which one is most important? Do they both matter? If you know the answers to all of these questions then you pass and there’s no Read More