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Finding the right angel investor imitates swinging back into the dating scene. You need a long-term relationship with someone you can trust. The landscape is undergoing some changes as recently as this month; however, and these changes may have long-term, lasting impacts on small businesses.
Wells Fargo Plans $100 Billion in Small Business Lending by 2015
Traditional banks and regulations have made it challenging for small businesses to secure loans since the beginning of the Great Recession. But that may be changing: As of May of 2014, Wells Fargo has agreed to lend $100 billion to small businesses by 2015.
Not All Businesses Qualify for a Merchant Cash Advance
While your chances of obtaining a merchant advance are far greater than securing a small business loan, there still is the possibility of rejection. A merchant cash advance isn’t for every business. Here’s some advice you can follow to help make sure your small business qualifies.
Restaurateurs | To Go Debt Free, or Not to Go Debt Free?
Some restaurants are going debt-free, but does that make sense for your business? Although some debt is decidedly “bad debt,” other investments can help accelerate your restaurant’s growth. Careful consideration of debt options is essential; read on for questions you can ask for a quick debt self-evaluation.
Small Businesses Adding Jobs as Economy Strengthens: Time to Consider a Merchant Capital Advance?
U.S. job growth showed strong, positive signs as 2013 drew to a close, indicating that small business owners are more confident in economic recovery. Is your small business prepared financially for growth in 2014? Will you be able to add jobs along with the rest of the small business service sector?
There is No “One Size Fits All” Approach to Small Business Financing
There is no such thing as an “one size fits all” approach to small business finance, although standard loan applications may try to dictate otherwise. What’s your strategy for getting money for your business?
Despite Uncertain Economic Outlook, Most Restaurants Plan Capital Expenditures in Months A
With access to capital limited, the result of tight credit markets and the recent government shutdown, which prevented the processing of SBA loans, restaurant owners are looking for alternative ways to fund their capital expense and growth plans.
Crowdfunding Growing Increasingly Popular – But Not Without Risk Potential
Crowdfunding provides a way for small business owners to raise funds when traditional financing sources leave a shortfall…but now without its own risks.
Serve Up a Great Meal and a Strong Financial Plan
In September 2013, QSR wrote, “in the quick-service industry, the path to success is straightforward: offering good-tasting, quality food prepared quickly in a clean and courteous environment.” That seems clear enough; quick-service and fast-casual restaurants got into business with this objective at the top of their lists.
Government Shutdown Means Access to SBA Loans Limited
When the Federal government shut down on October 1, 2013, “non-essential federal employees” were furloughed—meaning they could not go in to work. And while many Americans don’t necessarily feel that effect on a day-to-day basis, small business owners who were considering SBA loans will definitely see the impact.