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How you managed your finances?
What difficulties did you face ;and
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From the category archives:
Small Business Loan
23
Dec
Loans Offered To Businesses With Storm Damage
by anderson in Business Loans, Small Business Funding, Small Business Loans
Published in The Acron;
Companies, nonprofits can borrow up to $2 million for repairs, replacement of destroyed property
Low-interest federal disaster loans are available to California residents and business owners affected by high winds from Nov. 30 through Dec. 4.
SBA (Small Business Administration) assistance is available in Los Angeles, Kern, Orange, San Bernardino and Ventura counties. SBA customer service representatives will be on hand at the Disaster Loan Outreach Center to issue loan applications, answer questions about SBA’s disaster loan program, explain the application process, and help individuals complete the application. No appointment is needed.
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21
Dec
Lack of small business knowledge fostering extreme caution in lending; because there is no useful credit risk transfer option for smaller loans, lending institutions know that they can’t trade out of a loan and instead must bear the entire risk.
While lending to large companies is rising steadily across the globe, small- and medium-sized businesses struggle to obtain financing. Maximizing Results, Minimizing Risks, a new paper examines the reasons for the reluctance to lend to small businesses and what the financial services industry needs to do to help this important sector stay funded.
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20
Dec
By Jacob Fenton, Investigative Reporting Workshop
New federal data show that the number of small bank loans to business has fallen to the lowest point in more than a decade, cutting the flow of money to a sector that’s usually a job-creation powerhouse.
“It’s usually the smaller business that is more able to bounce back and take advantage of different opportunities faster than a middle-market company,” said Linda O’Connell, Manager of small business research at Barlow Research Associates, a Minneapolis market research firm that focuses on the financial industries. “We haven’t seen that.”
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19
Dec
WHY THE DISCONNECT?
by Liz in Small Business Loans
If so many big businesses want to say yes, then why are so many small businesses hearing no?
Published in News & Trends, Small Business;
“For political reasons, for marketing reasons, big banks clearly want to represent that they’re very friendly to small business,” says Ami Kassar, founder and CEO of Philadelphia-based MultiFunding, which helps small businesses find the best loans available to them. “But the data tells a different story.”
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