Tag Archives for Small Business Debt

Businesses, like individuals, sometimes suffer from too much debt. Taking on the right amount of debt – and at the right time – can mean the difference between a business that struggles and one that succeeds. According to the U.S. Small Business Administration (SBA), roughly 50 percent of small businesses fail within their first five years, largely because of insufficient capital, poor credit arrangements and too much debt.

Business Loans With Previous Bankruptcy

Business Loans with Previous Bankruptcy

How to Get the Financing You Need Are you trying to get business loans with a previous bankruptcy on your history? Sometimes it just makes sense to file for bankruptcy, especially in certain economic times, and it is not always a sign of failure. A personal bankruptcy, however, can continue to show up on your credit report for up to ten years. While it does make it harder to secure a loan afterward, in some situations it is still possible to get Read More

Small Business Loans

Small Business Loans

Is your business contributing to America’s growth? Al Gore once said that small business is the engine that drives the economic growth of America. Defined by the Small Business Administration (SBA) as any business with less than 500 employees, small businesses still make up a large majority of the economy. Most big companies started small, often in someone’s garage or apartment. Steve Jobs, Michael Dell, Bill Gates and Sam Walton are just some of the entrepreneurs who came from humble Read More

How To Manage Small Business Debt

commercial equipment leasing loans

Is debt bad for your small business? As long as I can remember, I was always taught ever since I could remember that having debt was bad. My dad would always tell me how it’s important to stay away from debt, and to always to try and pay cash when I can. Now that was when I was very young, and knowing my dad he probably didn’t think I would understand how to use debt to my advantage. Of course Read More