Small Biz Finance

WOJTOWICZ: Lots to consider when weighing mortgage payoff

June 21, 2013
Jean Wojtowicz
You certainly don’t want to keep paying a mortgage if it restricts your business in other areas. But you don’t want to cough up too much at once and have the same effect.
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WOJTOWICZ: Is small-business ownership for you?

November 30, 2012
Jean Wojtowicz
The horror stories are sobering: Dun & Bradstreet reported earlier this year that businesses with fewer than 20 employees have only a 37 percent chance of surviving four years and just 9 percent will be around 10 years.
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WOJTOWICZ: Lenders need financial statements to protect investment

August 27, 2012
Jean Wojtowicz
The bank needs to know how your business is doing right now (usually the most recent 30 or 60 days), rather than rely on your current year’s tax return that may have aged several months.
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WOJTOWICZ: It pays to know environmental requirements

June 29, 2012
Jean Wojtowicz
Unexpected problems add to the headaches of opening or relocating a business, and we hear a lot about the hang-ups of required, but annoying, environmental investigations.
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WOJTOWICZ: Temporary program helps refinance commercial mortgages

February 24, 2012
Jean Wojtowicz
A recent study from Credit Suisse found that over $15 billion of small commercial mortgages (under $5 million) are coming due in the next few years.
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WOJTOWICZ: Do homework before meeting business lender

December 19, 2011
Jean Wojtowicz
Prepare to talk in detail about your business, the plans you are making and the reasons for expanding before you show the banker the facts and figures.
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WOJTOWICZ: Character always counts—even in loan decisions

September 23, 2011
Jean Wojtowicz
During these difficult times, small-business lenders are looking harder at intangibles—including a borrower’s character.
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WOJTOWICZ: Missed tax payments could affect business loans

July 1, 2011
Jean Wojtowicz
Property tax billing and collection were at their most confusing during the recession, when businesses were experiencing lost revenue, poor projections and, in general, toughing it out as best they could.
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WOJTOWICZ: Relief available for firms with falling real estate values

June 3, 2011
Jean Wojtowicz
New law allows banks to refinance existing real estate and equipment debt through the U.S. Small Business Administration 504 loan program.
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WOJTOWICZ: How to lay your hands on working capital

December 6, 2010
Jean Wojtowicz
Small-business owners looking for working capital would be well-served to do their research in advance and can ask their bankers about several approaches, including financing based on assets.
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WOJTOWICZ: Be careful when locking in low loan rate

August 27, 2010
Jean Wojtowicz
This may be a golden opportunity for small-business owners to lock in a low rate to finance expansion. But make sure you understand the loan agreement.
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WOJTOWICZ: Is it time to buy rather than lease space?Restricted Content

November 28, 2009
Jean Wojtowicz
Buying a building for your business is still possible in a tight lending market, but bankers will review real estate purchases carefully.
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WOJTOWICZ: Stimulus is expanding small-biz lendingRestricted Content

July 27, 2009
Jean Wojtowicz
The economic stimulus package allocated $375 million to the U.S. Small Business Administration so it could offer more generous terms to small-business borrowers.
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Small Business Administration grants loans to Indy businessesRestricted Content

February 23, 2009
These businesses have received loans from financial institutions with a guarantee from the SBA.
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To survive lean times ahead, small businesses must plan nowRestricted Content

November 24, 2008
David Clegg
Small businesses should plan for the worst while being attuned to what is happening in their industries, and to their customers.
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Lean companies have best chance to surviveRestricted Content

November 24, 2008
Jean Wojtowicz
Make your business look as attractive as possible to your banker because you are competing for financing with other small businesses.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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