Tag Archives: bank financing
So, the bank declined your request for a business loan. Did they ask, Do you have any “marketable collateral”? When you indicated that you only had business assets, did they respond, “I am sorry, but we do not finance businesses
Many bankers say loan approvals are down because loan demand is down. However, a recent survey of lenders and business owners done by the Pepperdine Private Capital Markets Project and reported on by Karen E. Klein for Bloomberg Businessweek found
According to a CNNMoney.com article, Credit Card Debt at 8 year low, the amount of credit card debt consumers are carrying dropped to an eight-year low and delinquencies continued to decline in the second quarter as consumers looked to shore
SBA America’s Recovery Capital (ARC) loans can be used to make payments of principal and interest, in full or in part, on one or more existing, qualifying small business loans for up to six months.
The Small Business Stimulus Package has not yet been renewed by Congress, so in June, the number of business loans guaranteed by the Small Business Administration in its 7(a) loan program fell by 49% dropping to 2,758 loans from the 5,388 loans in May. Full Story
SBDC Consultant Jim Parrish published in the June edition of the Maddux Report Getting a business loan may be critical to the success of your business. But no bank loan is automatic. Your banker?s goal is to generate bank profits