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 [...]
How To Find Money To Start a Home-based Business
If you’re starting a business and need money to turn your dreams into reality, you have several options: You can borrow the money you need and incur a debt, a debt you’ll have to repay; You can sell part of your company to investors and exchange equity for the money you need; or You can [...]
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 [...]
