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.
Some would say Larry Howald accomplished every small-business owner’s dream: Selling his company to a big competitor for “good” money.
During these difficult times, small-business lenders are looking harder at intangibles—including a borrower’s character.
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.
New law allows banks to refinance existing real estate and equipment debt through the U.S. Small Business Administration 504 loan program.
Expensive personal credit undermines credit scores and ultimately the odds of more traditional lending.
In a question-and-answer forum, leaders weigh in on topics ranging from tech transfer to the future of Aprimo.
Julie Grice, a 10-year veteran of the Greater Indianapolis Chamber of Commerce and former business owner, began her tenure as executive director of the not-for-profit Business Ownership Initiative of Indiana on Sunday.
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.
Unlike past events in Indianapolis, this one features a panel of judges who will select a winning business idea, enabling a team to compete in a global online contest against other winners from cities worldwide.
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.
The more I deal with e-mail, the more I believe that, despite these extremely valuable benefits, e-mail is hurting our ability
to effectively grow our businesses.
As the year winds down, it is a great time to think about your marketing plan and budget for 2010. For small-business owners,
this is particularly important, because we do not have the marketing budgets of large firms.
Buying a building for your business is still possible in a tight lending market, but bankers will review real estate purchases
To improve the productivity of your management team, it’s critical to have an objective plan for measuring performance.
That means clear job descriptions, goals, and key performance indicators to track progress.