Back to SMALL BUSINESS News ListWelcome to the World of b Small Business bA few days ago a colleague of mine approached me to ask about starting up a smallbusiness. I thought it might be a good idea to throw it out there to our marketing friends and bloggers for other suggestions, advice and stories about ...
Some small businesses are further financed through credit card debt - usually a poor choice, given that the interest rate on credit cards is often several times the rate that would be paid on a line of credit or bank loan. Many owners seek a bank loan in the name of their business, however banks will usually insist on a personal guarantee by the business owner. In the United States, the
Small Business Administration (SBA) runs several loan programs that may
help a small business secure loans. In these programs, the SBA guarantees a
portion of the loan to the issuing bank and thus relieves the bank of some of
the risk of extending the loan to a small business. |