Author Pen Name: phanio
Site: http://www.businessmoneytoday.com/
About Author: Joseph Lizio holds a MBA in Finance and Entrepreneurship, is the founder of Business Money Today, has a strong commercial lending background and is regarded as an expert in business and finance specifically business loans and working capital.
Imagine financing your business (be it a startup or existing business) all without taking on outside debt or giving up equity (ownership) in your company.
That would be novel. Sounds too good to be true!
Well, it can be done – you simply use the money you already have accumulated in your retirement accounts – i.e. [...]
Regardless of the state of the economy, all entrepreneurs, either new at their trade or old hats in business, when seeking financing, tend to get caught up in haggling over the lowest possible interest rate that they can achieve.
Who can blame them? Cost savings – especially while we are still experiencing recession like economic [...]
Bank lending has really been tight over the last few years. Most business owners now think that the only word their banker can say is “no.”
The reason: This last financial crisis has changed the lending game. Banks and other lenders will not just provide you a business loan because you have a great [...]
When most business owners think about vendor financing they think about trade finance meaning that a supplier or vendor allows the business to purchase its products via an informal credit line.
For example, your business purchases $10,000 in goods from a major supplier and based on your business’s long-term relationship with that provider, the supplier or [...]
Given all the media attention to the recent plight of small businesses (any business for that matter) in seeking business loans, it is easy to get mad at banks for keeping their vaults closed tight regarding small business lending (a trend expected to continue in 2011). However, regardless of what the media thinks, there [...]
Business financing or obtaining a needed business loan is not really rocket science on the part of banks, non-bank lenders or financial institutions. It is just a matter of realizing a return for the risks taken given their cost of money.
Sounds easy enough – but, what does it really mean. Banks and other [...]
Many businesses whose main customers are other businesses fall into a trap of extending credit (much like a bank) to their customers. This is usually done via invoice financing or allowing a business 10, 30, 60 days or more to pay for the products or services provided (called trade terms).
While many business owners feel compelled [...]
As the months slowly pass by, there are many things in the business world that continue to change or evolve. But, one constant over the last two years is that loans to small businesses from traditional lenders like banks and similar financing companies are still extremely hard to come by.
Banks and other financial institutions remain [...]
It is no surprise that small businesses just can’t find the financing they need in today’s market. The New Year is still on track to bring tons of uncertainty as banks are still hoarding their cash reserves and our government is more concerned about politics than economics.
Not a great market to be a small business [...]
Many growing businesses tend to get myopic regarding their top line sales. And, it is hard to blame them as this is what they are working so hard for – increasing sales is essentially the core of business.
The problem is that a one-sided view of sales can be detrimental to the rest of the business; [...]
