Commercial finance is one of the many options available to entrepreneurs seeking capital to start or grow an existing business. This sort of financing is also referred to as asset-based lending, meaning that it is a secured business loan. The borrower guarantees the loan by giving up business assets as collateral for the loan. Another popular phrase for commercial finance is asset-based finance.
How Do I Invest For A New Business?
Lets be honest, many of us dream have that one day starting up and successfully running a new business and leaving our miserable jobs behind to become our own bosses.
Free Counseling and Advice Every Startup and Growing Business Needs
Free Business counseling information is available, and can save your business money.
A Successful Business Financial Projection Can Be The Key To Securing Financing
A business seeking capital cant afford to underestimate the importance of business financial projections. A business financial projection is simply forecasting your sales and revenue to the lender. This information is important because it is a key indicator to your ability to repay a loan.
If you are unsure about financial forecasting and how it relates to your business it is best to hire someone who does know. Most lenders will want to see a three or five year projection…
To Successfully Obtain Business Capital Every Business Needs A Coach
If you are a business owner the task of obtaining business capital can be very daunting. Most businesses fail because they have never been taught how to obtain financing and therefore they have no clue where to begin. The Small Business Administration reports that 97% of business loan applications fail.
The importance of seeking expert assistance when setting up business credit has many business owners turning to a business finance coach to help them establish their busine…
How do you get the money you need for your business?
A Guide to Finding Investors and Receiving a Business Loan.
Failing To Plan Your Business Financing Can Be A Death Sentence For Your Business
Most businesses start out thinking the first thing they need is a great business plan. The popular myth is that potential lenders will place great stock in your business plan as a major consideration for approving the financing you need.
While a well written business plan will assist you when you are seeking financing, it is far down on the lenders list behind things such as your business management teams experience, your past business successes and your lending charact…
Free Counseling And Advice Every Startup And Growing Business Needs To Succeed
Business counseling fees can be extremely expensive and not knowing where to turn for business advice can be a significant waste of valuable time. That is why there are 80 Business Information Centers (BICs) in the United States and over 1,100 Small Business Development Centers (SBDCs). Not only do they provide small business owners with free counseling, but they also have an extensive reference library of books, publications, and video tapes. Small Business Development cente…