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Posts Tagged ‘Business’
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November 3rd, 2010
Using a Business Line of Credit for Startup Capital
Although not the most common method of acquiring startup capital, using a business LOC as financing to launch your business venture is not uncommon. As we have discussed in previous articles, there are a number of different method of financing your new business venture including using your own capital, raising money from private investors, or [...]
October 29th, 2010
The Facts of Business Financing
Your mummy always warned, “Don’t put all of your eggs in one basket ” and those words of advice can be applied when > financing a business. There are numerous techniques that will help consumers in financing a business. Customers must recognize their available resources eg the seller, banks, and financiers.As a kid, we are [...]
October 29th, 2010
How Does a Business Loan Work?
A business loan is an agreement between your business and a lender in which you agree to pay an interest rate on a specific amount of capital borrowed over a specified period of time. As we have discussed earlier, a business loan works very much in a similar fashion to a mortgage. You are lent [...]
October 24th, 2010
What is a Small Business as per 7a SBA Loan Rules?
According to the Small Business Administration, companies that can qualify for the 7a SBA loan must meet certain small business size standards. These standards vary greatly by industry, but the general rules of thumb are as follows: Farming businesses must not have revenues exceeding $750,000 Building contractors can have a maximum revenue of $14,000,000 [...]
