Growing Your Business in a Dwindling Economy
While many big businesses have been taking a hit, small businesses are on their way up. But many are finding it hard to secure funding to grow their businesses from banks cautious in protecting their assets.
Finding an Alternative for Small Business Loans
With the recent downturn in the economy and a major credit crunch, a lot of small business owners are having a hard time getting approved for business loans, but just because the bank says no, it doesn’t mean you can’t get financing.
Who Can Apply for a Merchant Cash Advance?
According to the Small Business Administration, which oversees nearly six million small businesses in America, problems in obtaining adequate and timely funding are the main culprits in causing small businesses to fail.
Credit Card Advances vs. Small Business Loans
It seems like the first lesson of Business: 101 – when you want to start a business, go out to your nearest bank or lender and get a small business loan. But these days, that’s a lot easier said then done. There are alternatives to small business loans now available that weren’t around back when the “Rules of Business” were written. Below are some of the pros and cons of credit card advances vs. small business loans.
Katie Couric tells “An Untold Story Of The Credit Crunch”
In a recent entry on her blog, Katie Couric wrote about the impact that the economy’s credit crunch as had on small businesses. She wrote:
The impact of the credit crunch on Wall Street, the real estate industry and corporate America is well documented. What’s been given less attention is how severely small business has been affected in the past 12 months by the tightening of credit.
