Tag Archives: business loan

3 Tips for Negotiating a Business Loan | Business News Daily

You can’t start or grow your business without funding. Unfortunately, applying for and getting a business loan isn’t a fast or stress-free experience.

Applying for a loan is one of the most crucial steps for a small business owner. To give yourself the best chance of getting approved, follow these tips for negotiating and ultimately getting a business loan.

1. Do your homework and go to the right banks.

Read More

Are You Financially Ready to Start a Business? | Getentrepreneurial.com

Starting a business could be your next step toward financial and personal freedom. But obviously there’s a lot to think about before in dive in.

First of all, is this the lifestyle you want to pursue? Second, do you have enough money to get started? Use the financial essentials below to help you determine whether launching a business makes financial sense for your future.

Look at Your Personal Financial State

If you’re trying to open a company, you’ve probably been setting money aside. Even if they’ve been doing this, most business owners still have to take out a loan, but your savings should substantially reduce the personal financial burden.

Read More

How to Get a Traditional Bank Loan for Your Business | Business.com

Whether it’s for operating costs, expansion or to pay off debt, being able to access additional capital when it’s needed most can be critical to the survival of your business.

A study from researchers at the University of Texas at Austin; the University of California, Los Angeles; the Massachusetts Institute of Technology; and the Universidad de Piura discovered that a loan of just $11,000 can increase a business’s three-to-five year survival rate by more than 50 percent.

Read More

5 Items Your Books Need to Balance Before a Capital Raise | Getentrepreneurial.com

Unless you are an accountant, the last thing on your mind is probably bookkeeping.  However, whether you like bookkeeping or not, it is important to the health of your business.  This is especially true if you are looking for a business loan, as you will need to ensure that the following 5 items are balanced before you can receive a capital raise.  So if you are thinking about how to get a working capital loan, then you need to read this article.

1.  Taxes Payable

We must pay our fair share, but the tax laws exist for the benefit of small business owners.  I realize some of you are doing a double take after reading the previous sentence, but it is true.  The tax code helps small business owners to offset the investments they have made in their business in the form of tax credits.

Read More