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Small Business Loans

Bankers Grab Your Collateral When You Default

Jerry Chautin | Posted 06.07.2011 | Business
Jerry Chautin

Both SBA and conventional lenders want to lien your home. In addition to securing your equity, lenders believe that you will work harder to make the business successful when your home is at risk.

Small Business Loan Numbers Are 'Disheartening': PayNet

Reuters | James B. Kelleher | Posted 06.04.2011 | Business

(Reuters) - Borrowing by small U.S. businesses grew in February from the year before for the 12th straight month, according to data released on Mond...

How To Get A Small Business Bank Loan: The Five Cs

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Capacity, capital, collateral, credit, and character are the "Five Cs" that loan offers learn in Lending 101. But to most small-business loan applicants in need of money, it is an esoteric and arduous exercise.

GOOD SIGN: Some Business Are Borrowing Again

AP | PALLAVI GOGOI | Posted 05.25.2011 | Business

Martin Foil's company sells yarn that winds up in clothes from the Gap, Ralph Lauren and American Apparel, and business is growing. He's buying new ma...

William Alden

Banks Ease Credit To Big Companies, But Leave Out Small Business

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

In a sign that life may be getting easier for big U.S. corporations, large banks are beginning to make loans more available. Citing increased competi...

Brokers Are Blamed for Loan Failures

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Lenders, brokers and borrowers beware. The Small Business Administration's Inspector General is looking for errors made during the origination, closing and servicing procedures.

States To Recieve $1.5 Billion In Small Business Aid

Reuters | Posted 05.25.2011 | Business

Reuters) - The Treasury Department on Friday announced a $1.5 billion lending initiative to promote small businesses at the state level. To receive...

Procuring Business Financing 101

Ryan Mack | Posted 05.25.2011 | Business
Ryan Mack

In an ideal world when establishing or expanding a small business, one must put themselves in the position of a lender.

Laura Bassett

Small Business Owners Struggle: 'How Do You Let Your Own Child Go?'

HuffingtonPost.com | Laura Bassett | Posted 05.25.2011 | Business

After more than 20 years of running a successful Mom-and-Pop real estate inspection business out of their home, Ann and Rick Runnels of Austin, Texas,...

8 Ways Start A Business Without Going To A Bank

The Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

For startups, credit is like "experience" for job applicants -- you can't get it if you don't already have it. Despite a recent push by banks to giv...

Small Businesses Delay Hiring, Wait For Senate To Act

USA Today | Posted 05.25.2011 | Business

Small businesses have put hiring, supply buying and real estate expansion on hold as they wait out the vote on a small-business-aid bill that stalled ...

Banks Overlooking Small Companies That Want Credit, Fed Report Says

The Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

Banks that lend to small businesses may have overlooked thousands of qualified loan applicants, according to a report released Monday by the New York ...

Small Businesses Are Having An Easier Time Getting Loans, Fed Survey Finds

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday . I...

SBA Chief: Why It's Actually A Great Time To Start A Company

Karen Mills | Posted 05.25.2011 | Business
Karen Mills

Today, thanks to the Small Business Jobs Act, signed by President Obama on September 27th, we are well on our way to providing $14 billion more in loans to small businesses.

New Refinancing Program May Help Stem a Pending Foreclosure Disaster

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Pundits say that $350 billion of commercial mortgage loans are coming due for payoff. The balances still owed are so high that many borrowers will be unable to refinance conventionally.

Franchising Is an Alternative to Unemployment if You Can Get Start-Up Financing

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Self-employment is an alternative to unemployment. Yet, determining what kind of business to start, knowing how much money you will need, and what steps to take can be daunting

$30 Billion Is Being Allocated to Boost Small-Business Lending

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Big banks prefer making multimillion-dollar loans to large corporations instead of small-businesses because the fee income is greater and it allows them to hire experts in industries that they want to target.

How Loyal Customers Saved A Business

The Huffington Post/AOL Small Business | Amanda Kooser | Posted 07.27.2011 | Small Business

New Mexico may be more known for its red and green chile, but David Edwards took an alternative path by starting a tea company with business partner D...

Getting Financing Depends Upon the Strength of Your Executive Summary

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Your mission is to foster a trustworthy-enough friendship with the loan officer so that he will agree to show you what the bank's memorandum looks like.

Your Money Search Begins With a Persuasive Cover Letter

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Even though the cover letter is rarely thought of as a business-plan document, it begins the process of selling your concept to the loan officer and finance committee.

Uniquely Crafted Business Plans Are Needed to Raise Capital

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Now is the time to think about dusting off your old business plan as the economy improves. A business plan is required to obtain a loan or venture capital. It is uniquely designed as a sales tool to get financing.

Obama's Small-Business Program Could Create $300 Billion In Credit for Small Businesses

Bloomberg | Laura Keeley and David Henry | Posted 05.25.2011 | Business

President Barack Obama is on the verge of creating as much as $300 billion in credit for small businesses as bankers raise doubt about whether there's...

Shahien Nasiripour

As Lending To Small Businesses Plummets, Bernanke Implores Banks To Do More

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

After more than 40 summits held across the country to figure out why the nation's small businesses aren't getting the loans they need and qualify for,...

Bernanke Calls Out Banks For Stiffing Small Business In Favor Of Big Firms

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Big companies are building up cash and are expected to report strong earnings starting this week. Not so for small businesses that ...

Obama Small Business Lending Bill Headed To Congress

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration has sent Congress a proposal to create a $30 billion support program to unfreeze credit for the nation's s...