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Trusted Answers From Licensed Business Professionals

Should I Seek A Business Term Loan Or A Line Of Credit?


Most businesses just starting out or looking to expand or fill a production order, will need outside financing. Should they seek a term loan or a line of credit? .
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What Can I Do To Get a Small Business Loan at a Favorable Rate?


It's still difficult to land a small business loan, let alone at a favorable rate. With that said, there is one step that small businesses can take that will certainly increase their chances of obtaining a loan at a favorable rate. .
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With banks continuing to be reluctant to lend cash, some with a small business or creative project they want to get off the ground are turning to crowdfunding websites to finance their ventures. Before you sign on with a particular site, it's important to understand the ins and outs, and if the site you have in mind has restrictions on the kind of projects presented there. .
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Should You Consider Alternative Financing For Your Business?


When many businesses think about financing, getting a loan from the bank is usually the first thought. While that can be an effective way to grow your business, it's not always an option for every business. Alternative financing is often overlooked because of the lack of transparency but it should be considered as it can be a difference maker. .
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How Should a Small Business Negotiate a Loan for 2012?


This is a common scenario these days, "The loan for my small business is coming due next year. I've heard it's hard to get a new loan, so what do I need to do to get one at the best terms?" It's good that you're thinking about your loan now, rather than when it comes due. A conversation with your banker today can help eliminate surprises and help smooth things along down the line. .
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Seeking a Financial Partner To Launch A Business

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The first step is to explore the viability of partnering with an angel investor or an investment group such as a venture capital firm. They offer industry expertise & a strong network of contacts which will allow you to grow internally as well as having the opportunity to form strategic partnerships with larger companies. Keep in mind that it can be very difficult to obtain financing from these investors but if you succeed, it can be very helpful. Read More.

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How Do I Get A Small Business Grant?

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Congratulations on launching a new venture. Now to the tough part — funding the launch and operations of the business. Small business grants can be helpful to a business but getting one is no cakewalk. Read More.

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I Have An Idea For a Business But Need Money

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Having a good idea is important but it is only one step in the process of starting a business. There are many other elements that are required which include: a business plan, a team, capital, a financial model, experience, etc. High net worth investors and lenders will want to be comfortable that this new business has all of these elements (except maybe the capital part) in place before they write you a check for x amount of dollars. Read More.

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Should I Look for Funding or Develop a Team First?

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That’s a common chicken or the egg type of problem for entrepreneurs. They have a business plan and model but don’t have the capital to fund it because investors want to see a team in place & potential team members want to have assurance that they will be paid. Read More.

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When Is The Right Time To Seek Additional Financing?

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The other day an entrepreneur that sells a patented golf product asked us, “when is it the right time to obtain financing?” This seems to be a common question among entrepreneurs these days so we decided to address it with a few questions and answers. Read More.

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