Small Business Financing - Business ExchangeMost Active Articles2009-11-24T14:23:57.483-05:00Business ExchangeBusiness_Exchange@businessweek.comurn:com:businessweek:bx:topic:most-active:small-business-financingColleen DeBaisecdebaise508Goldman Sachs Announces $500M in Aid to Small Businessurn:com:businessweek:bx:article:9414727843174675710-97a292022e12dc68eacc8a993a03ad282009-11-18T09:42:50.548-05:00Lords of high finance may seem unlikely sources of aid for small businesses. But Goldman Sachs (GS), along with Warren Buffett and several education and nonprofit groups, today announced a $500 million charitable project to aid small businesses over five years.Lords of high finance may seem unlikely sources of aid for small businesses. But Goldman Sachs (GS), along with Warren Buffett and several education and nonprofit groups, today announced a $500 million charitable project to aid small businesses over five years.BusinessWeekhttp://www.businessweek.com/smallbiz/running_small_business/archives/2009/11/goldman_sachs_t.htmlLeslie MacCallumlmaccallum946242103Do You Have to Run a Business in a Smaller City to Get Credit?urn:com:businessweek:bx:article:18163061935428709306-e110744babd61385d022236d8631356b2009-11-20T20:56:20.933-05:00Smaller community banks generally have a better sense of their customer needs and keep a clearer head for long-term growth than do larger banks.Smaller community banks generally have a better sense of their customer needs and keep a clearer head for long-term growth than do larger banks.blog.winningworkplaces.orghttp://blog.winningworkplaces.org/blog/winning-workplaces/0/0/do-you-have-to-run-a-business-in-a-smaller-city-to-get-creditMark Harbekemharbeke7247700Three Tips to Gain (and Keep) Business Crediturn:com:businessweek:bx:article:15689224694935529215-9700fba8bb7dd80d9751d542fa2626e52009-11-18T13:13:55.676-05:00The small business credit crunch has justifiably been one of the primary news themes during the recession and slow recovery. And while stingy, risk-adverse credit behavior from banks and lenders is often labeled as the primary culprit, some small business owners may actually be exacerbating the credit crunch, albeit more due to ignorance than intentionally bad habits.The small business credit crunch has justifiably been one of the primary news themes during the recession and slow recovery. And while stingy, risk-adverse credit behavior from banks and lenders is often labeled as the primary culprit, some small business owners may actually be exacerbating the credit crunch, albeit more due to ignorance than intentionally bad habits.blog.cortera.comhttp://blog.cortera.com/2009/11/18/three-tips-to-gain-and-keep-business-credit/Alex Cotéacot608101000Goldman, Buffett Establish $500 Million Small-Business Programurn:com:businessweek:bx:article:9515827996446560940-f10aeae909aa80d8eb841d841458ca6e2009-11-17T17:42:03.260-05:00Nov. 17 (Bloomberg) -- Goldman Sachs Group Inc., under fire in Washington for setting aside billions of dollars for bonuses a year after getting a taxpayer bailout, said it’s teaming up with Warren Buffett to provide assistance to 10,000 small...Nov. 17 (Bloomberg) -- Goldman Sachs Group Inc., under fire in Washington for setting aside billions of dollars for bonuses a year after getting a taxpayer bailout, said it’s teaming up with Warren Buffett to provide assistance to 10,000 small...bloomberg.comhttp://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQWV0pN.Y1LQJudy Kratochviljkratochvil608101000Goldman, Buffett Said to Plan Small-Business Help (Update1)urn:com:businessweek:bx:article:13317022471995661573-8682ad9a75f46d9511261ae829ca23ed2009-11-17T17:29:14.524-05:00Nov. 17 (Bloomberg) -- Goldman Sachs Group Inc., under fire in Washington for setting aside billions of dollars for bonuses a year after getting a taxpayer bailout, is preparing to team up with Warren Buffett to provide assistance to small...Nov. 17 (Bloomberg) -- Goldman Sachs Group Inc., under fire in Washington for setting aside billions of dollars for bonuses a year after getting a taxpayer bailout, is preparing to team up with Warren Buffett to provide assistance to small...bloomberg.comhttp://www.bloomberg.com/apps/news?pid=20601087&sid=a5GyA5QNaqs8&pos=1Judy Kratochviljkratochvil6082200Small Business: Three Best Ways to Make Sure Customers Payurn:com:businessweek:bx:article:18251688349557901820-c690df0528deec2592c5d9749848bcfb2009-11-15T10:32:08.269-05:00If you're having a tough time getting customers to pay, you're certainly not alone. As a result of the roiling economy, many business owners are dealing with foot-dragging clients who are now late and requesting payment extensions on bills.If you're having a tough time getting customers to pay, you're certainly not alone. As a result of the roiling economy, many business owners are dealing with foot-dragging clients who are now late and requesting payment extensions on bills.online.wsj.comhttp://online.wsj.com/article/SB10001424052748703683804574533482721614374.htmlAlex Cotéacot6084400Free cash for your business: Small business grantsurn:com:businessweek:bx:article:7647770007348867156-6eccc49580c9de7f74f362cc661fc65b2009-11-02T07:25:28.074-05:00When hunting for cash, desperate small business owners may find themselves sucked into buying books and software packages promising "Billions in Free Grants!" from Web sites with names like NeverPayItBack.com, or hiring consultants...When hunting for cash, desperate small business owners may find themselves sucked into buying books and software packages promising "Billions in Free Grants!" from Web sites with names like NeverPayItBack.com, or hiring consultants...money.cnn.comhttp://money.cnn.com/2009/10/27/smallbusiness/free_money_small_business_grants/index.htm?postversion=2009102811Dane Carlsondcarlson281282800An Entrepreneur Prepares to Pass the Torchurn:com:businessweek:bx:article:7903678107659715153-9c1fe3eb3b1c1ae0aed0e8d2e5c0fe692009-11-06T13:34:18.537-05:00 It's a classic dilemma. A first-time entrepreneur creates a thriving company from scratch with the potential to be The Next Big Thing, but her investors thinks she needs an... It's a classic dilemma. A first-time entrepreneur creates a thriving company from scratch with the potential to be The Next Big Thing, but her investors thinks she needs an...BusinessWeekhttp://www.businessweek.com/smallbiz/content/sep2009/sb20090929_350040.htmNick Leibernleiber106161600How to Get (and Give) Business Credit Where It's Dueurn:com:businessweek:bx:article:895202382217469917-27df6baf2d280ceefdeb10adc63f58022009-11-09T10:51:20.053-05:00Building business credit isn’t just about paying your bills on time. Ideally you want those on-time payments reported to the credit agencies so other vendors and lenders will see your stellar payment history. But if your small business, like many,...Building business credit isn’t just about paying your bills on time. Ideally you want those on-time payments reported to the credit agencies so other vendors and lenders will see your stellar payment history. But if your small business, like many,...allbusiness.comhttp://www.allbusiness.com/legal/banking-law-credit-regulation/13403748-1.htmlAlex Cotéacot6084400The Main Street Credit Squeeze Continuesurn:com:businessweek:bx:article:10873218442495752664-751d90209ec03197638130721dd0e72c2009-11-10T10:27:48.319-05:00The S&P is up over 50% since its March 2009 lows and yet for most of us, the leading indicators and large company earnings seem to defy the reality on Main Street. Newsweek offered a view on why such a gap may exist – and some indicators are emerging to focus on small business sentiment — but the fact remains that most prominent economic indicators fail to paint a true view of Main Street conditions. Last month we started publishing a small business index that takes a shot at filling the gap. Based on same criteria lenders and businesses use for determining credit viability, the SBI provides a view into the cash flow on Main Street. And just as Newsweek paints the picture of the Wall Street – Main St gap, the Cortera SBI™ shows increasingly divergent behaviors between the largest of businesses and the nation’s millions of small companies.The S&P is up over 50% since its March 2009 lows and yet for most of us, the leading indicators and large company earnings seem to defy the reality on Main Street. Newsweek offered a view on why such a gap may exist – and some indicators are emerging to focus on small business sentiment — but the fact remains that most prominent economic indicators fail to paint a true view of Main Street conditions. Last month we started publishing a small business index that takes a shot at filling the gap. Based on same criteria lenders and businesses use for determining credit viability, the SBI provides a view into the cash flow on Main Street. And just as Newsweek paints the picture of the Wall Street – Main St gap, the Cortera SBI™ shows increasingly divergent behaviors between the largest of businesses and the nation’s millions of small companies.blog.cortera.comhttp://blog.cortera.com/2009/11/10/the-main-street-credit-squeeze-continues/Alex Cotéacot6082200Small Loans to Start or Grow a Business | Business.com's What Works for Business Blogurn:com:businessweek:bx:article:14564987943878931068-3f388a6bb45d22dd6bf284987fc569fc2009-11-02T17:14:13.216-05:00Need a small loan to start or expand a business – a so-called “microloan?” If so, there’s good news. Despite what you might have read lately, microloans of $500 to $50,000 are available through a variety of private sources, government programs and...Need a small loan to start or expand a business – a so-called “microloan?” If so, there’s good news. Despite what you might have read lately, microloans of $500 to $50,000 are available through a variety of private sources, government programs and...blogs.business.comhttp://blogs.business.com/whatworks/2009/small-loans-to-start-or-gro-a-business/Daniel Kehrerdkehrer628121200Obama's New Push to Help Small Business Get Loansurn:com:businessweek:bx:article:16996861204527979646-9143560000ad866a8bbbdf725124a7d02009-10-29T09:57:05.436-04:00As part of its efforts to stimulate economic recovery, the Obama Administration announced on Oct. 21 a new set of initiatives to help spur lending to small businesses. As part of its efforts to stimulate economic recovery, the Obama Administration announced on Oct. 21 a new set of initiatives to help spur lending to small businesses. BusinessWeekhttp://www.businessweek.com/smallbiz/content/oct2009/sb20091021_699300.htmNick Leibernleiber106161600Loan climate chilling Main Streeturn:com:businessweek:bx:article:12441193943939343961-15afb7fa0d922c93bc89564abd31dfbf2009-11-04T10:11:35.978-05:00 Even before small-business lending giant CIT Group filed for bankruptcy last weekend, entrepreneurs and mom-and-pop shops were having a hard time funding their operations.
So far this year, small-business loans have slid by 3 percent nationwide, or $113 billion, which is the first decline since 1993, according to the most recent data from the Federal Reserve.
With tight credit restrictions and a dwindling supply of lenders, many small-business owners have stripped their personal savings or funded purchases through high-interest credit cards in order to survive. Even before small-business lending giant CIT Group filed for bankruptcy last weekend, entrepreneurs and mom-and-pop shops were having a hard time funding their operations.
So far this year, small-business loans have slid by 3 percent nationwide, or $113 billion, which is the first decline since 1993, according to the most recent data from the Federal Reserve.
With tight credit restrictions and a dwindling supply of lenders, many small-business owners have stripped their personal savings or funded purchases through high-interest credit cards in order to survive. signonsandiego.comhttp://www.signonsandiego.com/news/2009/nov/04/loan-climate-chilling-main-street/Alex Cotéacot6082200Banks Need To Open Their Vaults; Small Business Lending Woesurn:com:businessweek:bx:article:4198268664167104693-0bab79c9a57deb2bfccdd50b2e3f77862009-10-29T08:24:44.456-04:00If our lending institutions don't start "lending," our economy won't improve...If our lending institutions don't start "lending," our economy won't improve...thefranchisekingblog.comhttp://www.thefranchisekingblog.com/2009/10/some-banks-are-not-open-for-business-why-wont-they-start-loaning-money-to-small-businesses-.htmlJoel Libavajlibava8137700Dual credit crunch conspiring against a recovery?urn:com:businessweek:bx:article:6855742733576685759-970c9c1c71e950887cacda8ad416ac542009-10-29T14:06:24.987-04:00On October 12, the New York Times detailed how the worsening credit conditions are affecting small businesses, as banks take on an increasingly risk adverse approach to lending and credit lines. Yesterday we talked about how small businesses are getting squeezed by increasingly late payments. Today, the Dow closed above the 10,000 mark for the first time in a year, buoyed by better than expected earnings from a few bellwethers and early signs of improving consumer confidence. The common thread in all of these events? Conditions do indeed seem to be improving for many of the nation’s large businesses. Unfortunately, a dual credit crunch conspires to thwart similar growth by the small businesses that make up the majority of the nation’s jobs engine and 50% of the GDP.On October 12, the New York Times detailed how the worsening credit conditions are affecting small businesses, as banks take on an increasingly risk adverse approach to lending and credit lines. Yesterday we talked about how small businesses are getting squeezed by increasingly late payments. Today, the Dow closed above the 10,000 mark for the first time in a year, buoyed by better than expected earnings from a few bellwethers and early signs of improving consumer confidence. The common thread in all of these events? Conditions do indeed seem to be improving for many of the nation’s large businesses. Unfortunately, a dual credit crunch conspires to thwart similar growth by the small businesses that make up the majority of the nation’s jobs engine and 50% of the GDP.blog.cortera.comhttp://blog.cortera.com/2009/10/14/dual-credit-crunch-conspiring-against-a-recovery/Alex Cotéacot6085500Things to Consider When Getting a Business Loanurn:com:businessweek:bx:article:8791150616745131831-0531b03502fa306ef0c89da2568a1d192009-10-23T16:08:47.942-04:00There are three main components banks review when underwriting your loan application. The knowledge and understanding of these issues can greatly increase your chance of success while also saving you the time of applying for a loan program you may not qualify for due to your current situation.There are three main components banks review when underwriting your loan application. The knowledge and understanding of these issues can greatly increase your chance of success while also saving you the time of applying for a loan program you may not qualify for due to your current situation.businessknowhow.comhttp://www.businessknowhow.com/longisland/getloan.htm#Janet Attardjattard6908800Obama Acts to Spur Lending to Small Businessurn:com:businessweek:bx:article:16573723332688287141-06ed727cc9669ba6797cb637f02adebd2009-10-21T20:29:16.401-04:00After enduring months of criticism that his administration had done too little to help small businesses weather the recession, President Obama said Wednesday that “there’s still too little credit flowing to our small businesses” and unveiled initiatives he said would open the spigot.After enduring months of criticism that his administration had done too little to help small businesses weather the recession, President Obama said Wednesday that “there’s still too little credit flowing to our small businesses” and unveiled initiatives he said would open the spigot.New York Timeshttp://www.nytimes.com/2009/10/22/business/smallbusiness/22small.htmlThomas Huynhthuynh3814301Advanta Halts Credit-Card Lending Amid Surging Losses (Update1)urn:com:businessweek:bx:article:17773083858724930906-ea902f7dcce0abba7483cdb67c92ac082009-05-12T12:26:21.963-04:00Advanta Corp., the issuer of credit cards for small businesses, will shut down accounts for its 1 million customers next month and seek to pay off securitized debtholders early as the recession...Advanta Corp., the issuer of credit cards for small businesses, will shut down accounts for its 1 million customers next month and seek to pay off securitized debtholders early as the recession...bloomberg.comhttp://www.bloomberg.com/apps/news?pid=20601087&sid=a_FhoI2A4ZsMColleen DeBaisecdebaise5086664025 Keys to Funding Future Business Growth | Business.com's What Works for Business Blogurn:com:businessweek:bx:article:16736696163676380979-e26ff81bd7f75b8516ed358712a046dd2009-10-19T11:45:55.572-04:00While many businesses have been slammed by recession, some entrepreneurs are using the downturn as a time to prepare for better times ahead. And a big part of that is not only getting your current balance sheet in shape, but lining up funding...While many businesses have been slammed by recession, some entrepreneurs are using the downturn as a time to prepare for better times ahead. And a big part of that is not only getting your current balance sheet in shape, but lining up funding...blogs.business.comhttp://blogs.business.com/whatworks/2009/5-keys-funding-future-business-growth/Daniel Kehrerdkehrer6286600FACTA Fright is FTC Halloween Red Flags Trickurn:com:businessweek:bx:article:14963196011439028604-60c02d5c71dfaa3437c10d9027a6d13e2009-10-27T17:44:55.555-04:00The time has finally arrived. After multiple delays stretching a year, the much-feared FACTA Red Flags Rules — new anti-fraud legislation that requires millions of credit-granting businesses (both large and small) to implement identify-theft...The time has finally arrived. After multiple delays stretching a year, the much-feared FACTA Red Flags Rules — new anti-fraud legislation that requires millions of credit-granting businesses (both large and small) to implement identify-theft...blogs.business.comhttp://blogs.business.com/whatworks/2009/facta-fright-ftc-halloween-red-flags-trick/Daniel Kehrerdkehrer6281100VC will ride out of the downturn on health care, fintech and online adsurn:com:businessweek:bx:article:997629972502077537-8db9d07bef98656af9f18d686ab68cb02009-10-27T08:51:12.566-04:00The dealmakers at Safeguard Scientifics say 3 hot spots for future funding are health IT, financial software and online advertising.The dealmakers at Safeguard Scientifics say 3 hot spots for future funding are health IT, financial software and online advertising.entrepreneur.venturebeat.comhttp://entrepreneur.venturebeat.com/2009/10/26/vc-will-ride-out-of-the-downturn-on-health-care-fintech-and-online-ads/Kristy (Lash) DelMutoklashdelmuto4050000How to Cut Credit-Card Feesurn:com:businessweek:bx:article:7945398586186936589-592676d8a856ee39a48c8718efcf53b92009-10-19T12:40:55.069-04:00When shoppers swipe their credit cards at Dollhouse Bettie, a vintage-lingerie purveyor on San Francisco's Haight Street, it used to cost the store 2.3% to 4.2% of every sale, depending on the type of card. Now the retailer pays 1.7% to 3.8%. The cost of accepting credit cards is a sore point for merchants. As Washington mulls regulation, here's some advice on negotiating lower rates nowWhen shoppers swipe their credit cards at Dollhouse Bettie, a vintage-lingerie purveyor on San Francisco's Haight Street, it used to cost the store 2.3% to 4.2% of every sale, depending on the type of card. Now the retailer pays 1.7% to 3.8%. The cost of accepting credit cards is a sore point for merchants. As Washington mulls regulation, here's some advice on negotiating lower rates nowBusinessWeekhttp://www.businessweek.com/smallbiz/content/oct2009/sb20091016_295783.htmLeslie MacCallumlmaccallum9461100A New Way to Rate Customers with no Credit Historyurn:com:businessweek:bx:article:4314353211441683421-6790920919deeacb5dcd8c33a464c2292009-10-20T12:15:02.280-04:00Recession-damaged small and mid-sized businesses would like to extend credit to customers with little if any credit history if they could do it without great risk. Now there’s a way.Recession-damaged small and mid-sized businesses would like to extend credit to customers with little if any credit history if they could do it without great risk. Now there’s a way.blogs.business.comhttp://blogs.business.com/whatworks/2009/rate-customers-credit-history/Daniel Kehrerdkehrer6281001Social Networking May Help Entrepreneurs Connect With Venture Capitalists - Small Business Startup News - Entrepreneur Newsurn:com:businessweek:bx:article:12722494552047848824-8278811cbea821ae1cc1afa268f191862009-09-30T15:32:45.039-04:00With personal relationships forming the key to securing venture capital funding, many entrepreneurs may find LinkedIn and other social networking sites to be a valuable resource.With personal relationships forming the key to securing venture capital funding, many entrepreneurs may find LinkedIn and other social networking sites to be a valuable resource.gaebler.comhttp://www.gaebler.com/News/Small-Business-Startup/Social-networking-may-help-entrepreneurs-connect-with-venture-capitalists-19373713.htmJesse Kedyjkedy4014301Good News in Small Business Financingurn:com:businessweek:bx:article:7867036432645773866-fc967a916a75eda70cc569842188fdc42009-04-01T03:51:37.852-04:00Some welcome news for small businesses struggling in the credit crunch: A new government program to help small businesses get loans appears to be on the way.Some welcome news for small businesses struggling in the credit crunch: A new government program to help small businesses get loans appears to be on the way.smallbiznumbers.blogspot.comhttp://smallbiznumbers.blogspot.com/2009/03/good-news-in-small-business-financing.htmlAnita Campbellacampbell287464600