Archive for Finance

  • What Kind of Bank is your Bank? What Kind of Bank is your Bank?

    Banks are often unofficially or officially labeled by a number of names that give an indication of what kind of customers they serve and what kind of loans they predominantly make. Knowing these labels will help you find the best bank for your small business. [full post]...

  • Is Using Your Home as Collateral on a Business Loan a Good Idea? Is Using Your Home as Collateral on a Business Loan a Good Idea?

    Thank twice about using equity in your personal residence as collateral for a business loan. Many states allow this practice and banks and other lenders have evolved into believing they should take your personal residence in an effort to have an “abundance” of collateral. [full post]...

  • SBIR dodges a bullet -- for now. But they'll reload, so let's get busy! SBIR dodges a bullet — for now. But they’ll reload, so let’s get busy!

    . The House passed the so called Jobs Bill (HR.2847) on Thursday with only minor changes from the Senate version. SBIR Reauthorization does NOT appear to have been one of those changes. We haven't seen the actual wording of this bill yet, however, and we do know how sneaky they can be. But appare...

  • SBA 7(a) Loan Enhancements Temporarily Extended SBA 7(a) Loan Enhancements Temporarily Extended

    Congress has done a poor job taking care of the SBA’s 7(a) loan program enhancements which were a part of the ARRA stimulus bill, however, yesterday it temporarily extended the enhancements for the second time for 30 days. Hopefully during the next 30 days it will act to extend them to the end of ...

  • Intuit Small Business Employment Index Shows Positive Numbers Intuit Small Business Employment Index Shows Positive Numbers

    Intuit, Inc. has recently designed The Intuit Small Business Employment Index that focuses on employment trends in businesses with less than 20 employees. By focusing on the 87% of businesses that employ 87 percent of workers in America Intuit's new index is one to watch.[full post]...

  • SBIR Reauthorization compromise suggested -- but is it a ploy? SBIR Reauthorization compromise suggested — but is it a ploy?

    . It works! Raising our voices slowed the attempt to smuggle the House version of SBIR Reauthorization into the Jobs Bill. But they haven't given up. The train's going down a new track. And the new direction is so ironic: compromise with the Senate's version! Representative Jason Altmire ...

  • What you Need to Know about Bank Subordination Agreements What you Need to Know about Bank Subordination Agreements

    Subordination agreements and intercreditor agreements allow two non-affiliated lenders to work together to provide several types of loans to a borrower.[Full post]...

  • Business Goodwill – Can You Finance It? Business Goodwill – Can You Finance It?

    Normally traditional lenders will not finance goodwill in the purchase of a business. Buyers usually must pay for the goodwill as equity injections into the purchase, or have the seller carry some or all of the goodwill in a second note.[full post]...

  • Six Reasons Why Lenders Aren't Making Business Loans Right Now Six Reasons Why Lenders Aren’t Making Business Loans Right Now

    When making a loan request it helps to understand what you can about the personality of lenders you are considering. It may take time to find the right banker and bank. Using some of the same investigative skills you use to find new customers will help you make decisions about your banking relations...

  • The Jobs Bill Train is Leaving the Station -- and SBIR is being smuggled aboard! The Jobs Bill Train is Leaving the Station — and SBIR is being smuggled aboard!

    . Evan Bayh said it true. The process Congress uses is flawed. It's more about partisan deal making than the public interest. Back room deals. Sneaking legislative provisions into sometimes unrelated bills to serve private interests and avoid scrutiny and discussion. We have new evidence toda...

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