Entrepreneurs Turn to Alternative Finance
The credit binge and the crash that followed have left entrepreneurs in a bind. Banks, faced with rising defaults, dramatically tightened lending standards to reduce ...
ARC Loans' Weak First Month
Diego Iorio sounds like the kind of small business owner the government's new ARC loans are made for. His two-employee audio gear retailer, SIRS Electronics, had been ...
CIT's Fate Worries Retailers and 'Factor' Industry
The retail industry is bracing for a possible bankruptcy filing by CIT Group (CIT). The New York-based commercial lender is the biggest player in the business of ...
As Bankruptcies Surge, Fewer Emerge
As the effects of the recession continue, the high number of business bankruptcies—7,514 in May, up 40% from the prior year—shows few signs of abating. ...
Turning Nonprofits into For-Profits
The nonprofit Bikestation reached a crossroads in late 2007. Founded in Long Beach, Calif., in 1996 to design, build, and manage bike transit centers, the 10-employee ...
When Your Business Loan Affects Your Personal Credit
The third sentence in the letter Gary Kerr received earlier this month about his $50,000 loan from Capital One (COF) surprised him: "We'll begin reporting your loan ...
The SBA Sees a Lending Shift
Small business lending was still growing through the first half of 2008, albeit more slowly—and much of the growth was via credit cards rather than traditional ...
No Relief for Small Business Cardholders
Joseph Rosmann thought he was a model small business credit card customer. A 65-year-old general contractor in Bellevue, Wash., Rosmann typically charges between ...
Snipping Credit Lines for Small Businesses
For small business owners, a line of credit can be a lifesaver, giving them a buffer against cash-flow problems and enabling them to handle regular expenses such as ...
Pitching? Let Your Dashboard Do the Work
Over the past decade, Jim Calhoun has founded a variety of tech companies—most notably PopularMedia and CustomerClick—and raised venture capital from ...
Cash Vanishes from Merchants' Accounts
In the midst of the worst economic contraction in decades, some small business owners are experiencing an additional—and brutal—cash squeeze, this time at ...
Mills Vows to Reinvigorate the SBA
Editor's note: This is an updated version of the story. President Barack Obama's pick to head the Small Business Administration, Karen Gordon Mills, was approved on ...
A Primer on Changes to SBA-Backed Loans
President Barack Obama and Treasury Secretary Timothy Geithner recently announced sweeping changes for the Small Business Administration's loan programs. Are these ... link...
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