According to the SBA the reason they've guaranteed fewer loans lately is not not bank's unwillingness to lend. It because of reduced demand by small businesses; borrowers are on the whole less creditworthy; and many lenders have tightened their credit standards.
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Bank Loans For Small Business
When a newspaper reporter asked bank robber Willie Sutton why he robbed banks he answered, “Because that’s where the money is.” And Willie was right if you’re trying to grow a business too-banks do supply the bulk of the money for small businesses. In effect, bankers are financial intermediaries. They’re a little like Robin Hood [...]
7 Strategies for Dealing with Home Business Credit Crunch
Home buyers may have been stupid (or dishonest) and banks may have been stupid (or dishonest), but the mortgage crisis has spilled over in to other banking issues creating a credit crunch for home-based business owners.
Startup Financing for Home Based Businesses
If you’re starting or growing a small business you undoubtedly need money to turn your dreams into reality. You have two basic options: • You can borrow the money and incur a debt, a debt you’ll have to repay; and/or • You can raise money from investors (called equity capital) by trading their money for [...]
Home-Based Economics
We don’t want to be all doom and gloom here but if you’re looking for a job that will let you work from home , or if you’re thinking about starting a home based business , or launching a freelance career, you need to consider how the state of the economy fits into your plans. [...]
