Amanda Keppert is convinced that she would have lost her hot dog stand in San Jose, Calif., if she had not received a type of loan that is more common in the third world than in the United States. According to a story in The New York Times, last year, as fewer people ate out […]
Can Microloans Help American Small Bizs? Read More »
In a recent article located on Bizbox it was stated that there is money becoming available for small businesses out there more and more each day. This is due to a number of reasons: Small businesses are realizing that we are coming out of a huge recession and therefore there are not as many companies searching
Money Is Available Read More »
USA TODAY is reporting that Sam’s Club said it will offer small business loans of up to $25,000 to its small business members. The division of Wal-Mart, based in Bentonville, Ark., is testing a program with Superior Financial Group, one of 13 federally licensed non-bank lenders, and will offer $5,000 to $25,000 loans to members
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Gentle Parking has grown quickly since William Ortiz-Cartagena started the San Francisco company two years ago. He now employs 25 people and says he turns a decent profit running six parking lots, including two he manages for the city. When he decided to bid on a contract to run another city-owned lot, though, two banks
Microfinance Goes Where Banks Fear To Tread Read More »
Denver, Colorado-based Internet Pawn, which said it is creating the first dedicated online pawn shop nationwide, recently announced it raised $1.5 million in its first round of venture funding from Daylight Partners and Access Ventures, reports Reuters. The company offers pawn loans – cash advances based on the collateral of customers’ assets – at no
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According to AllBusiness.com, while microcredit loans first originated in the Third World as a way to help launch small businesses thousands of American entrepreneurs are finding it as the alternative solution to traditional lending. Many of the micro lenders, which are mostly non profits, receive the bulk of its funds from the Small Business Administration.
Microfinance Loans May Be The Solution Read More »
Proving that microloans can help to change the world one little bit at a time, Kiva.org hit a major milestone, TechCrunch reports. Since it’s founding four years ago, it has now made possible $100 million in microloans between individual lenders and entrepreneurs all around the world. The company has brought together 573,000 lenders (people like
Kiva Hits $100 Million In Microloans Read More »
SCORE says to be able to convince a lender to make you a loan for a new business venture, you must demonstrate that you have done your homework and have prepared a business plan is what’s needed to apply for a small business loan. In addition to the primary purpose of using the plan to
What You’ll Need To Get A Startup Loan Read More »
photo credit: Logan Cyrus Most people don’t know the right way to go about building credit for their business. They do several things that might actually hinder their chances of obtaining credit, or they simply don’t do the simple things that would ensure their business credit. To help in light of the current credit crunch,
Credit Building Mistakes For Businesses Read More »
photo credit: gutter If your getting ready to start your own business, or even if you already have an established business but need a loan for various reasons, it is necessary to understand how your bank thinks when going to borrow money. This way if you understand how they think, you will be well prepared
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