small business funding tagged posts

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Part 1: Seven Crucial Steps Use by Lenders for Sound Credit Analysis to Provide Funding

 Source: PaydayLoanCredit

Source: PaydayLoanCredit

There are many moving parts in the process of obtaining a loan from inception, through application until the loan is closed. The focus of underwriting, credit analysis and risks management have become the cornerstone of the process. Banks and lenders are not only in a business of providing loans and other financial services, but also mitigating and managing risks with any associated assets, entity, sponsor or firm they plan to fund. This is why many ratios are used when performing credit analysis to determine if a borrower and the company can be funded and how much loan proceed will be disbursed. This short post is to quickly explain 3 of the 7 crucial steps banks and lenders use for sound credit analysis to fund business deals.

Step 1: Story About the Business and...

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Concerning: Five Big Pitfalls Small Business Owners Fall Into and How to Circumvent Them…

 Source: EzyLearn Training Courses

Source: EzyLearn Training Courses

Usually at certain events that particularly catered to real estate and small businesses I often will hear “The entrepreneur bug biting a few.”  By this, I am referring to a select few individuals who wake up one day and decide to start a small business without a business plan or lack thereof any plan whatsoever.  Now being an entrepreneur and small business owner can significantly impact local economies by creating jobs, empowering young adults at learning other crafts, help a community and much more...

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Small Business Owners: Failure To Understand These 7 Business Principles For Better Funding May Doom You

Many small businesses often do not have the capabilities to operate like a big conglomerate firm. The essence of small business ownership usually thrives on collective work and ability to be more resourceful. Unlike a major corporation that has a board of directors, governance in place, with a strong structural systemic approach to maintain excellence after several decades, a small business operation is typically more entrepreneurial and less structured. Due to all the pros and cons that permeates the very existence of many small companies for survival, especially when financing for sustain growth or expansion is needed, it is necessary for some smaller companies to operate by a set of different principles.

 

Principle # 1) Thy Shall Seek the Best Financing Options that Suit Your Needs

It...

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