Entrepreneurs have fallen victim to a growing scam that uses a legal document as a weapon to strip away funds from growing companies. The fraud also relies on the New York court system and an owner’s eagerness to expand into new markets.
Small business owners sometimes encounter challenges when it comes to getting financing for their company. For example, they might not get approved for as big of a loan from the bank as they were hoping for. When this happens, some business owners might be tempted to stack loans.
The last part of the year, including the holiday season, can be a very impactful time for small businesses.
Debt can serve some very important purposes for businesses. For many companies, it can be a critical source of financing for getting off of the ground or growing. In a 2017 survey, around 77 percent of polled small business executives pointed to money from financial institutions as being important for small business success.
Filing bankruptcy can be an extremely difficult time for businesses. Will the business be able to stay open? Will employees be laid off? These questions can be overwhelming and depend on which type of bankruptcy a business chooses.
Businesses can have a wide range of capital needs. Sometimes, companies will turn to credit to meet these needs. There are a range of different credit options businesses can have. One is a business line of credit.
It is very common for entrepreneurs here in California to turn to financing to help with the costs of getting a startup up and running. What decisions startup owners make regarding financing can have long-term implications for their company.
For small business owners, knowledge truly is power. Having the right information and know-how can be key for such owners in their efforts to steer their company towards success.
Here's one way to unload unmanageable debt and try to build for the future - sell a division that's still attractive to buyers, yet could cause problems down the road. Sears Holdings Corp. CEO Eddie Lampert has put the retailer's notable appliance brand Kenmore up for sale.
If your business is struggling to stay ahead of creditors and pay employees, a small business loan could be the answer. But will you qualify?