Should the SBA be a Lender of Last Resort?
The March 4, 2010 issue of The Wall Street Journal had an article written by Emily Maltby titled A Plea for Direct Lending to Companies. In the piece, Ms. Maltby discusses the pros and cons of the SBA...
View ArticleImpress Bankers With a Professional Loan Package
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. A...
View ArticleEight Requirements of a Bankable Business
A common question I get is “How do I get a bank loan to fund my startup?” The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups. The failure...
View ArticleDon’t Waste Your Time Courting Investment Banks
The name “investment bank” somehow always sounded like a place where I could somehow deposit my investments, and maybe even earn a little interest. Then I learned that these banks really negotiate...
View ArticleSo THIS is How Startups Get Their Funding?
Money to build the business is the number one challenge for most startups. Don’t believe the urban myth that you can sketch your idea on a napkin, and professional investors will throw money at you. In...
View ArticleYou Can Live and Work in the U.S.
If you are not a U.S. citizen you can legally live and work in the United States as long as you obtain one of the immigrant visas that are available to foreign nationals. Many of these visa programs...
View ArticleBuying Out a Partner Can Be Tough to Fund
An entrepreneur with a successful ethnic restaurant contacted us about writing a business plan that he intended to use to raise capital so he could buy out his partner. There are often very good...
View ArticleDevelopment Banks Can Help Your Business
Generally speaking, development banks are publicly owned financial institutions that are established for the purpose of providing medium- and long-term capital for public or private investments in...
View ArticleBusiness Is So Good It’s Killing Me
A call came into our office last week from a stressed out small business owner in Florida. He said that he needed a business plan right away that he could submit to a bank for a loan to fuel the growth...
View Article
More Pages to Explore .....