Financing Articles

Business » Financing | By Ann Knapp @ Saturday, 30th August 2008 @ 3:35 PM

Banks come in many shapes and sizes - services and specialties. As in any professional relationship, the success of an association first requires thoughtful inquiry and research. Banks can provide business owners with a level of support and guidance but the connection must be a good fit from the start. For example, one makes careful choices about physicians, real estate agents or lawyers. That same attention should be paid when seeking out a bank to handle your business needs. Prior to s... more...

Business » Financing | By Carlos Scarpero @ Wednesday, 27th August 2008 @ 9:58 PM

A reverse mortgage is a government sponsored product for seniors 62 and over to stay in their homes and improve cash flow. Reverse mortgages have gained significantly in popularity in recent years. While they are becoming more widely accepted, there are still many myths and misunderstandings surrounding reverse mortgages, This article will explore some of those myths. Myth 1: Reverse mortgages are only for desperate seniors This first myth might have been true in the old days of re... more...

Business » Financing | By Scott Letourneau @ Sunday, 24th August 2008 @ 8:05 PM

The main system in place for determining credit scores is called FICO, an acronym for Fair Isaac Credit Organization, which is the company that owns this formula. The three credit bureaus, Equifax, TransUnion, and Experian all use this system to establish credit scores, but they each market it under a different name. Equifax markets their product as Pinnacle; Experian as the FICO Advance Risk Score; and TransUnion as Precision. It is important to be aware of these names, and to note t... more...

Business » Financing | By Max Walker @ Saturday, 23rd August 2008 @ 10:26 AM

If you are looking for capital from outside sources, it\'s not enough to show you are passionate about the idea - you must have a business plan and the prospect of a good return for your investors. You do lose some control by inviting others in to finance your business, but often there would be no business without their help; investor may bring useful skills along with their money. When you have a great idea for a business, it is often quite difficult to understand why everyone is ve... more...

Business » Financing | By Amy Nutt @ Friday, 22nd August 2008 @ 8:22 AM

There are many benefits to having an offshore bank account, especially if you travel a lot for business. Many businesses utilize offshore bank accounts because placing their money within another economy can have some tax advantages. It also allows a business to have money in a different location in case they need it for a specific reason. Otherwise, they are able to have money housed somewhere else where it cannot be touched by anyone that doesn\'t have the authority to touch it. Security i... more...

Business » Financing | By Scott Letourneau @ Thursday, 21st August 2008 @ 8:36 PM

Business owners must consider how these changes could effect their business scores, because of the major impact it could have on their ability to take out loans, finance projects, or pay employees. Consider your options and discuss them with a financial adviser to figure out what is the best plan for you. How will these changes impact consumers? When consumers who are considered authorized users on credit accounts receive their new credit score, it may be significantly lower. Thi... more...

Business » Financing | By Scott Letourneau @ Tuesday, 19th August 2008 @ 3:10 PM

Small businesses are extremely important to our culture and our economy. In fact, small businesses make up a very significant portion of our economy. They thrive on local business and give life to the monetary heartbeat of America. The financial success of America\'s small businesses lies heavily on their ability to attain credit in order to maintain their business. Recently, FICO has changed some of its rules for the credit approval systems for these businesses. It is important ... more...

Business » Financing | By Scott Letourneau @ Tuesday, 19th August 2008 @ 1:44 PM

Many businesses fail because they are unable to access the capital that they need to survive, particularly in the first five years of establishment when banks view them as riskier because of their age. This is also when the vast majority of businesses fail. By being aware of the factors that are weighed before lending money, you can better prepare your business to successfully attain the credit needed to not just survive, but thrive. Your personal credit score and revolving debt will be an in... more...

Business » Financing | By Scott Letourneau @ Tuesday, 19th August 2008 @ 1:44 PM

Small businesses are extremely important to our culture and our economy. In fact, small businesses make up a very significant portion of our economy. The financial success of America\'s small businesses lies heavily on their ability to attain credit in order to maintain their business. It is shocking that nearly all small-businesses fail in their first months or years of business. One of the primary flaws of the way people run their businesses is being lax when is comes to book keeping a... more...

Business » Financing | By Scott Letourneau @ Tuesday, 19th August 2008 @ 1:35 PM

Many business owners are shocked to find that their personal finances have such a large impact on their business\'s ability to access credit. Revolving credit, in particular, can have an unexpected affect on any individual\'s ability to access new lines of credit or business credit cards for their business. In fact, your individual FICO score can factor up to fifty percent into a lender\'s decision to approve your business for credit or not. In order to understand how rev... more...