For small businesses to succeed in an erratic lending climate, the use of aggressive loan strategies means that some small business loan alternatives which borrowers earlier ruled out because they were too complicated or expensive might deserve another look. A prime example of a Plan B business financing strategy for many small businesses but not their eventual choice to obtain additional working capital financing is a working capital advances program (also referred to as credit card receivables factoring). The use of credit card processing factoring to obtain working capital might have more practical appeal for a small business owner who has experienced increasing collateral requirements by many business lenders as well as reduced commercial credit lines. Continue reading “Working Capital Financing Survival Tactics”
Mar 03 2010
Analyzing the New Normal for Business Loans
In the current confusion that prevails over business lending, it is reasonable for small business owners to wonder if there is such a thing as “normal” for commercial financing. An important part of the “new normal” is that many banks continue to state that they are still providing working capital management programs when in reality they have reduced or eliminated their commercial lending programs. The dramatic reduction in the number of commercial lenders that are actively making small business loans is one of the most significant changes in the business finance lending environment. Continue reading “Analyzing the New Normal for Business Loans”
Feb 23 2010
What Happened with Business Lending
By exploring what happened with commercial lenders, business owners will be better prepared to avoid serious future problems with their business loans and commercial real estate financing. This is not a hypothetical issue for most commercial borrowers, particularly if they need help with determining practical small business finance choices that are available to them. The bankers and banks responsible for the recent financial meltdown seem to be saying that even if anything actually went wrong, everything is fine now in the world of business cash advances and commercial lending. Continue reading “What Happened with Business Lending”