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Three C’s to Qualifying For Bank Loans, Lines of Credit, Working Capital, Equipment Financing, Acquisition Financing and other Bank Financing

Three C’s to Qualifying For Bank Loans, Lines of Credit, Working Capital, Equipment Financing, Acquisition Financing and other Bank Financing

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

Basics of Applying for Lines of Credit, Working Capital & Business Acquisition Loans

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

CABB OC Chapter Meeting 9-28-10

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