Business Credit Talk

If You’ve Been Rejected, I Can Help

Little known fact. If you’ve been rejected for business credit one time, the game is not over. According to the Small Business Credit Access Report… “Second and third attempts to seek credit (after an initial line or loan was rejected) proved BENEFICIAL to small business owners in 2010. Normally success declines with each consecutive institution [...]

Oil Prices And Your Small Business

I have to admit, it’s kind of neat to watch all the goings on in the Middle East. As an American, I love seeing democracy work. But there is a potential cost to you as the small business owner. High prices for fuel. How does this impact you? Well oil is in just about every [...]

It’s The Lack Of Confidence Mr. President….

…. not in you, or your policies, your party or Congress. The American economy, which is fueled by the small business owner, the entrepreneur, is essentially stuck in neutral. Why? It’s not because of money or credit or anything else. The reason we are stuck in neutral is because we don’t have confidence in the [...]

Your Personal Credit And Business Loans

Your personal credit score will have a major impact on your ability to get a business loan. Yes, this is different than what others will tell you online. But the fact of the matter is, banks and lenders do look at personal credit. Especially after 2008. What then do you do if your credit is [...]

The Fed Begins 1.5 Billion Loan Effort For Small Businesses

Michigan and North Carolina are the first two states to benefit from the new small business lending initiatives of the Federal Government. It appears Washington is realizing the small business is the engine of the economy and recovery. “When small businesses can’t access credit, they cannot create jobs.” US Treasurer Rosie Rios said in announcing [...]

The Only Legal Way Left For The Small Business Owner to Get a $35,000 Business Loan

According to the Small Business Administration, loans to small businesses have declined by a paralyzing 31% over the last four years. That means one out of three small businesses that were getting loans before the recession, are not getting loans now. A recent SBA Performance report shows 2,121 small business loans were approved in 2006. [...]

Eating Chicken While You Hunt Elephants

Every week, I talk with small business owners and entrepreneurs with great business ideas. In my 25 years, I’ve seen some incredible great ideas, never get off the ground. Why? It’s simple. Too many small business owners are looking for the big score without taking care of today’s financial needs. A friend of mine called [...]

Confronting Your Fear And Busting Through The Shame

Granted this site is about building business credit and how to get funded. Still there is a need to look at the entire process of running a successful business. That’s the reason for today’s post. Just below you’ll see a video that is a must watch for any business owner, entrepreneur or someone who’s considering [...]

The ‘Bush/Obama’ Tax Cuts And Your Business

When I dragged myself out of bed this morning, staring at me on the front page, was the hailing of the ‘tax cuts’ agreed upon by Congress and the White House. All I could think of was; politics makes for strange bedfellows. Just think, less than 2 weeks ago the White House was all but [...]

Lending To Small Businesses Declined In Late 2010

Right from the Fed Chairs mouth “Lending to small businesses declined in the 3rd quarter of this year.” Ouch. There are a few reasons why as stated by Fed Chair Ben Bernanke. First, small businesses are not seeking credit. It may be that the business is not doing well, or that they don’t feel they [...]