Microloans service entrepreneurs who need financing assistance to start or expand their business but cannot qualify for traditional bank loans due to past credit issues. Bad credit can result in a denial of most, if not all, traditional bank … [Read more...]
Traditional small business loans can translate into a long, drawn out, often cumbersome process. Small business owners are often required to provide business plans in addition to collateral to secure a business loan. New small business owners as … [Read more...]
Question: I incorporated my business in 2010 but have had my EIN since 2007 for self-employed. When I incorporated I went into Duns & Bradstreet put in company name I got my Duns Number very quick. When a rep called he told me I did it for my … [Read more...]
Small business owners, especially sole proprietors often mix business credit accounts with personal credit. This can be dangerous as it leaves your personal credit at risk should default occur on the business credit. The distinction between … [Read more...]
The U.S. Small Business Administration (SBA) has a small business loan for veterans, military service members, and even their spouses. The Patriot Express Loan can be used to establish a new small business or expand an existing business. The … [Read more...]
Business credit can be established without using personal credit history and there are several good reasons why it should be done that way. Business cards for people with bad personal credit can be difficult to find. This is one major reason why … [Read more...]
According to the SBA Office of Advocacy, in 2009, there were 27.5 million businesses in the United States. The latest available Census data show that there were 5.9 million firms with employees in 2008 and 21.4 million without employees in … [Read more...]
As we are becoming a credit driven society, entrepreneurs as well as consumers are feeling the negative effects of having low credit scores. But surprisingly statistics show that approximately 25% of start-up funding for small business owners and … [Read more...]
Credit card holders can breathe a sigh of relief when it comes to credit card abuse with the enactment of the Credit Card Accountability, Responsibility and Disclosure Act of 2009. But small business owners are picking up the slack for the … [Read more...]
Private money lenders are experiencing an increase in small business lending. They are filling the void left by the banks tightening lending standards and refusing to lend money. While President Obama has repeatedly called upon banks to lend money … [Read more...]
