Loans Articles

Business » Financing » Loans | By David Castro @ Sunday, 12th October 2008 @ 10:18 PM

People across the country are suddenly taking a crash course in frugality. As more and more jobs are lost and unemployment is at its highest in five years, lavish personal spending and instant gratification have taken a backseat to more conservative spending habits in the hopes of promoting long-term financial stability. The economy is not selective on who it affects. People of all races, shapes, sizes, male and female are learning and implementing new ways of handling their finances. more...

Business » Financing » Loans | By David Castro @ Friday, 10th October 2008 @ 9:54 PM

Yahoo recently featured a Business Week article naming states that have seen \"shortfalls in tax revenue in their fiscal 2009 budgets.\" California has seen the highest shortcoming, with a deficit of over $22 billion, while the shortcomings of Florida, Nevada, Rhode Island, New York, Alabama, Georgia, New Jersey and Maryland combined reach over $40 billion. Though the lack of funds mainly represents shortcomings in the salaries for \"teachers, cops, firemen, and other essenti... more...

Business » Financing » Loans | By David Castro @ Thursday, 9th October 2008 @ 1:49 PM

The Problem: You want money for your business. You want to expand. You want to offer more services to more customers and possibly even open a new store. This probably does not sound like a problem, in fact, it sounds like a wonderful idea and an achievable goal. But here is the catch, your credit is not up to where you would like it to be, and you have no collateral to offer in order to secure the loan. You want to get the funds you need without the strenuous review process and the... more...

Business » Financing » Loans | By David Castro @ Wednesday, 8th October 2008 @ 7:28 PM

It has long been said that in order to receive a business loan, a potential borrower must meet and posses the \"Five Cs\" of credit. Character, capacity, collateral, conditions and capital are all assessed when applying for a business loan and a slight default in any one of these categories can virtually obliterate one\'s chances of receiving business funds. Character Lenders look towards a borrower\'s character to determine their likelihood of repaying a loan. ... more...

Business » Financing » Loans | By David Castro @ Tuesday, 7th October 2008 @ 1:45 PM

If you are like many other business owners, you are probably trying to figure out how to get the most out of your business, and how to make your business work for you. Increasing advertising, upgrading equipment and purchasing inventory are all things that could increase sales for a business. But what do all of these things have in common? They all cost money. And sometimes it takes money that you just don\'t have. If your lack of business funds is keeping you from taking your bu... more...

Business » Financing » Loans | By David Castro @ Sunday, 28th September 2008 @ 5:14 PM

Many merchant business owners may have not yet gotten a credit card advance because they are unaware of the many benefits they can bring a business. Accustomed to traditional methods of business financing, some small business owners opt not to get a credit card advance due to fear of the unknown or reluctance to step outside of the box and try something new. But if these small business owners were aware of the many ways a credit card advance could help their business, they might think tw... more...

Business » Financing » Loans | By David Castro @ Sunday, 28th September 2008 @ 10:03 AM

In the midst of a credit crunch, big banks say they are still willing to provide small business loans, but only to those whom they feel are capable of repayment. Obviously, one of the major factors that banks use to determine whether an applicant is capable of loan repayment is credit score, leaving businesses whose owners\' credit scores are not excellent, out in the cold. But now, it isn\'t just struggling businesses that are being hit. Strong, healthy businesses are also ... more...

Business » Financing » Loans | By David Castro @ Sunday, 28th September 2008 @ 9:55 AM

Credit cards are becoming more and more widely used in the United States, making credit card advances an increasingly relevant method of business financing for small businesses in particular. In 2006, there were over 984 million bank-issued Visa and MasterCard credit card and debit card accounts in the United States, and over 450 million Visa cards in the U.S. Therefore, accepting credit cards not only makes you one step closer to being eligible to receive a business cash advance, but it could... more...

Business » Financing » Loans | By David Castro @ Saturday, 27th September 2008 @ 10:30 PM

The number of minority owned businesses has been steadily increasing since 1982. According to statistics released by the Small Business Administration in 2007, between 1982 and 1997 \"...the number of minority-owned firms increased at a rate of 8.5 percent per year...\" This percentage is three times that of all U.S. businesses. The U.S. Bureau also reports that the revenues from minority owned firms has increased at a rate of 10 percent per year. Minorities now represent 33 percent ... more...

Business » Financing » Loans | By David Castro @ Friday, 26th September 2008 @ 9:13 AM

For most of us, the holiday season means a chance to create warm memories with friends, family and loved ones. But for years, it has also meant crowded shopping malls and stores, and the emptying of tons of money from consumers\' pockets. Retailers usually expect to experience their highest sales volumes during this time, investing in extra inventory, extensive marketing and slashing prices to compete with competitors. Black Friday (the Friday following Thanksgiving) has repeated... more...