Group items tagged

Latino entrepreneurs face challenges in securing financing and are more likely to borrow money from high interest, non-bank lenders, according to a study released today by Biz2Credit.com that looked at annual revenue, credit scores, age of business (in months), and operating expenses.

As America honors its fallen soldiers this weekend, the country also recognizes the contributions of its returning veterans. They often face challenges such as permanent injury or a return to civilian life that can be difficult after years of serving in the military.

There is often a debate in the heads of small business owners over whether they should buy that new piece of equipment or just lease it. It may seem to be a small question with only month to month ramifications, but that fact is that the choice made can affect your tax return as well. It may do so even if you do not intend for it to.

Making more money is the obvious way to increase your bottom line, but just as you try to save when spending your personal budget, you want to save when spending , as well.Similar to using coupons for grocery and household items at home, looking for discounts and ways to save money during the daily course of business is essential to success.

After going to school for the time and money it takes to become a veterinarian, most graduates are ready to get to work as soon as graduation is done. Whether you decide to jump straight into business for yourself or do some time in an established veterinarian's office first, when the time comes to branch out on your own you are going to need a lot of support. From finding loans for a veterinary practice to finding a location, there are going to be challenges. Where should you start?

When it comes to dealing with issues such as debt management, loan qualification, and credit scores, everything is surprisingly interconnected. Most people's bad debt comes from misuse of their credit lines and loans. When credit scores drop, they discover that getting personal and business loans can be much more difficult. -

There are times office equipment breaks down and you can simply write a check or draw from the business line of credit for repairs or replacement. Other times this is not the case. In those instances, it is necessary to call in the big guns. Equipment financing is likely the answer when other options just will not work.

Depending on what kind of business you have, you might not be able to turn to a bank for money. For those for whom a traditional bank is not a viable source of capital, a merchant cash advance can be the answer.

How it grew: With a website that makes it easy for small companies to apply quickly for commercial loans online, seven-year-old Biz2Credit has positioned itself for profit. Biz2Credit's ever-expanding group of lenders, including a number of small banks, is eager to make deals with small firms at a time when bank loans under $1 million have stagnated, according to a Federal Reserve Bank of New York survey. Last year, Biz2Credit facilitated $380 million in loans, up from $200 million in 2012.

If you are applying for a loan to finance your small business, you are probably aware that lending institutions will scrutinize your credit score. But perhaps you've made a couple mistakes in your financial history that caused your credit score to lower, and you ended up with sky-high interest rates whenever you applied for loans. Or worse, you were denied loans altogether.

According to the recent second annual women-owned business study by Biz2Credit, the average time period is just two years when a female entrepreneur applies for a loan. Meanwhile, in Illinois, a male-owned firm averages 31 months before it applies for a loan. That figure for the women-owned companies is lower than the average total of 27 months when women apply for loans, according to the Biz2Credit.

The month of October has caused jitters since 1929, when "Black Tuesday" (Oct. 29, 1929) signified the stock market crash that ushered in the Great Depression. In two days, Monday, Oct. 28 and Tuesday, Oct. 29, 1929, the market lost nearly a quarter of its value.