In 2008 Chris Byrne opened The Gear Geeks, an eBay store that sells
musical equipment, with $2,800 in cash. To purchase inventory, the
Huntington Beach, Calif., 'trep relied on a business line of Ignore warning credit from
his bank. When the recession caused his credit line to dry up, Byrne
turned...
Basic Guide to Bank-Term Loans
What it is: Term loans are the standard commercial
loan, often used to pay for a major investment in the business or an
acquisition. The loans often have fixed interest rates, with monthly or
quarterly repayment schedules and a set maturity date.
Bankers tend to classify term loans into two categories:...
How To Get Loan Application Approved
The following are question and answer about How to Get Your Loan Application Approved :
How Is The Lending Climate For Small Business Changing?
Credit is coming back to midsize and larger
companies faster than small businesses. That's because small businesses
are riskier. . . Small businesses...
Where to Get a Small Business Loan
Money still isn't falling off trees for small businesses, and the
lending seas can be a challenge to navigate. Although you need funding,
you want to make sure your deal is better than the one offered by the
neighborhood loan shark.
If you want to expand your business, you're going to need some cash.
Money...
Loan Market Remains Weak
Small-business credit quality weakened in the third quarter, as the health of the loan market remains weak, and a speedy recovery isn't likely. Findings from the Experian/Moody's Analytics Small Business Credit Index
released today showed many small businesses continue to have trouble
paying off their...
Why Business Loans Are Very Interesting
After years of being beaten up and blamed for every ailment besetting
the economy, banks may be able to start defending themselves a bit. For
several years now, many small-business owners reported having trouble
securing loans for their enterprises. That certainly sounded consistent
with what we...
Choosing a Bank to Get a Loan
Consolidation has cut the number of chartered U.S. banks roughly in
half over the past 20 years, but a reduction in the number of banks has
not translated into a reduction in the availability of loans for growing
businesses.
The application process might be daunting, but the money is
there. That's...
