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. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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