Business Finance Loans

A Biz2Credit study earlier this year listed the Portland, Oregon, area as having the second-highest average revenue in the U.S. for businesses with fewer than 250 employees or under $10 million average revenue. 

The month of October has caused jitters since 1929, when "Black Tuesday" (Oct. 29, 1929) signified the stock market crash that ushered in the Great Depression. In two days, Monday, Oct. 28 and Tuesday, Oct. 29, 1929, the market lost nearly a quarter of its value.

How it grew: With a website that makes it easy for small companies to apply quickly for commercial loans online, seven-year-old Biz2Credit has positioned itself for profit. Biz2Credit's ever-expanding group of lenders, including a number of small banks, is eager to make deals with small firms at a time when bank loans under $1 million have stagnated, according to a Federal Reserve Bank of New York survey. Last year, Biz2Credit facilitated $380 million in loans, up from $200 million in 2012.

At a time when peer-to-peer mortgage lending in the U.S. is actually feeding loans to small banks, the situation appears to have flipped for small-business loans: alternative lenders are approving fewer loans, while big banks are approving more, according to monthly numbers from Biz2Credit. In September, large U.S.

Latino entrepreneurs face challenges in securing financing and are more likely to borrow money from high interest, non-bank lenders, according to a study released today by Biz2Credit.com that looked at annual revenue, credit scores, age of business (in months), and operating expenses.

A new study found that Latino small business owners and entrepreneurs across the U.S. often struggle to get business loans from banks and often turn to non-bank lenders with higher interest rates to secure financing, according to Biz2Credit.com.

Big banks and institutional investors were more generous in granting small-business loans in August, while their smaller competitors turned slightly stingier, according to a Biz2Credit study.

All businesses have strengths--and we hate to admit--weaknesses. So when it comes to running your operation, focus on the factor that best generates business. As an example, Helen Ling, owner of a gift shop called Enchantments that specializes in jewelry and other items hand-made by skilled artisans, uses the calendar to promote different gift items. In May, she features Mother's Day gift ideas, in June, the focus is on brides. Naturally, the holiday gift season looms large.

According to the new guidelines, a drywall and painting companies that generate up to $14 million annually are considered small businesses, as are children's clothing stores with $30 million in annual sales, convenience stores with $27 million in annual revenue, and liquor stores with $7 million in annual sales.  

If you're looking to start a small business and you don't have a trust fund, wealthy friends, a mega-rich godfather or haven't won the lottery, chances are you'll more than likely need a small business or bank loan. This means tons of paperwork and personal time. It's a process that can take months to get a green or red light and even longer to pick up the cash.

Download Small Business eBooks for FREE. E-books Available for small business owners, women owned businesses, physicians, franchise, tax and many more

People often ask me how to get a loan to start a business, or what type of documentation is needed to apply for a small business loan.  Although every bank has its own requirements, many documents are mandatory across lenders. Before applying, here are the basic small business loan requirements to keep in mind.

As America honors its fallen soldiers this weekend, the country also recognizes the contributions of its returning veterans. They often face challenges such as permanent injury or a return to civilian life that can be difficult after years of serving in the military.

Denver is the Best Small Business City in America for Women Entrepreneurs, based on a weighted average that includes annual revenue, credit score, age of business (in months), cash flow, debt-to-income ratio, incorporation (C-Corp or LLC vs. sole proprietorship), and business owners` personal credit scores, according to an analysis released today by Biz2Credit.com

Denver is the Best Small Business City in America for Women Entrepreneurs, based on a weighted average that includes annual revenue, credit score, age of business (in months), cash flow, debt-to-income ratio, incorporation (C-Corp or LLC vs. sole proprietorship), and business owners' personal credit scores, according to an analysis released today by Biz2Credit.com.

Biz2Credit.com has identified San Jose as the Best Small Business City in America, based on a weighted average that includes annual revenue, credit score, age of business (in months), cash flow, debt-to-income ratio, incorporation (C-Corp or LLC vs. sole proprietorship), and business owners' personal credit scores.

New York-based small business loan marketplace Biz2Credit said it analyzed average revenue, age of business, average credit scores and other financial data to determine the rankings. It defined "small businesses" as companies having fewer than 250 employees or less than $10 million in annual revenues.

Banks made it easier for businesses to get loans in the first quarter, fueling increased purchases of products and equipment as well as more merger activity, the Federal Reserve said Monday.

Whether you are starting a new company, buying more real estate for your established business, or acquiring new equipment, you will most likely need to apply for a small business loan to secure financing. The process of acquiring capital can be a lengthy one.

The reasons for the big bank pullback, Arora says, are three-fold. First, big banks have more challenging underwriting standards and they may be waiting for 2013 tax returns from businesses. The harsh winter has also wrought havoc on business sales as customers stayed home and businesses themselves pulled in and perhaps sought fewer loans. Lastly, Arora says, banks haven't done a good job automating their loan processes, so it slows down their loan approvals