Businesses
Categories: business loans, equipment leasing, financial services
Verified Business
Categories: accounting software, financial services, money order transfer service
Verified Business
Categories: business credit cards, business incorporation, business loans
Verified Business
Categories: financing, mortgage loans
Categories: general merchandise retail
Categories: mortgage loans
Categories: business loans, financial services, loans
Verified Business
Categories: business loans
Verified Business
Many Americans turn to franchising as the key to making their dreams of small business ownership come true. Yet every day, more and more of these aspiring entrepreneurs are discovering that their greatest challenge is not choosing the right concept, but rather gaining access to inexpensive capital needed to complete their purchase. To meet this challenge, a growing number of people are getting into the franchise business by investing in their own franchise—many of them using investment capital they didn’t know they had. Through a vehicle commonly known as Rollover as Business Start-ups (ROBS), entrepreneurs can use their IRA or 401(k) funds to invest in a franchise without taking a taxable distribution or getting a loan.
What do you really need to know about how SBA-backed loans work? First, know that you're going to be spending more time with a bank than you might think.
Separation of personal and business finances is essential for any business owner, and gives you a little protection from the IRS. How do you open a bank account for your business? It's not quite as simple as wandering into the local branch of the big bank on the corner.
Usually, we call these "buyer's guides," but when you're factoring your receivables, you're not buying. You're selling. Specifically, you are selling your receivables to a third-party who, in turn, immediately pays you a price that is discounted from the face value of the receivable. Learn how it works here.
A merchant cash advance is the sale of future credit card sales or other receivables. Companies with predictable cash flow from sales can use this practice to smooth out cash flow.
Company.com talked to Mitch Jacobs, founder and CEO of On Deck Capital, Inc., a New York based company providing loans that work for small business-not the other way around. Mitch founded On Deck Capital in 2006 and, to date, has provided $49 million in loans to small businesses when traditional bank loans were not an option.
Some well-financed soul out there probably wants to lend money to your business. The question is, who is this person, and on what terms? We recognize that small business loans can be difficult to find these days. We want to make the process easier and more transparent for you. We describe the process of most small businesses’ search for a loan, starting at the gold standard – an old-fashioned bank loan – through other alternatives from nonbank lenders, so-called “hard money” lenders and asset-based lenders.
If the bank won't lend you capital, how do you finance your business? We're assuming you don't have a rich Uncle Tony and don't have a winning lottery ticket in your pocket. Your choices after that are institutional lenders, private lenders, account receivables funding, or selling a part of your business. Finding capital can be tough, but here's how to find a few, and how to be professionally prepared to answer the tough questions a lender might ask.
Bootstrapping, reinvesting (your own or your company's money), bank loans, and equity partners. Is there a lesser evil when you sell a stake in your business to bankers or strangers?
Aaron Patzer, CEO of Mint.com, discusses startup accounting and the financial history of Mint.com, which recently bought by Intuit for $170 million. Slides and video of Patzer's presentation are included.
All Results
People
Activity
Follow this Business