Just Elementary, Inc. » Entries tagged with "Collateral"
Three C’s to Qualifying For Bank Loans, Lines of Credit, Working Capital, Equipment Financing, Acquisition Financing and other Bank Financing
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There are Three important keys to getting small business financing bank loans, whether it is in the form of a line of credit, working capital, equipment financing or even acquisition financing: Capital Capital is the up front funds the bank expects you to infuse into a business venture when applying for a bank loan. Banks refer to it as having “skin in the game.” If you don’t put up your share of the funds into a project, … Read entire article »
Filed under: SBA
Basics of Applying for Lines of Credit, Working Capital & Business Acquisition Loans
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Trying to get a Working Capital Loan, Line of Credit of Business Acquisition Loan? There are a lot of erroneous perceptions among business people about which facts, figures and terms are important in getting a loan and which bank to get loans from. If you are just starting out in business, one possible benefit from banking with a smaller community bank that is that you will be a bigger fish in a smaller pond, and you will … Read entire article »
Filed under: Business Tips, SBA
CABB OC Chapter Meeting 9-28-10
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I skipped today’s RIAOC meeting today due to a conflict with the CABB O.C. Chapter Meeting today. It was nice to catch up with a few Business Brokers that I had not talked to recently. Key takeaways from the meeting are that loans are happening for business acquisitions, but the adherence to criteria is a must. Namely, the experience criterion. Today, we were told that a buyer was able to secure an SBA loan for a … Read entire article »
Filed under: Business Tips, SBA