For most of us, the holiday season means a chance to create warm memories with friends, family and loved ones. But for years, it has also meant crowded shopping malls and stores, and the emptying of tons of money from consumers’ pockets.
Retailers usually expect to experience their highest sales volumes during this […]
You have plans to expand your business. You’ve outlined everything that you want to do, and now all you need is the money to take these plans off of the paper and put them into existence. You’ve already gone the bank route before, only to find that your credit score was not high […]
What is the key to small business success? Some will say it is determination, some may say adequate business financing, and others will still say it is all left up to chance. Whether or not there is a secret ingredient to the recipe for a prosperous small business, one thing is certain; everyone […]
A recent article titled “The Frozen Economy,” details the effects that the current state of our economy is having on Americans. Frozen - motionless, still, cold, unfriendly, frigid; there couldn’t have been a better word choice. From the stay at home mom in Omaha, Nebraska, to the big Wall Street businesses and everyone […]
There could be many possible reasons why you have yet to acquire the much needed funds for your business. With such an abundance of various types of financial lenders, you may feel bombarded and overwhelmed with the options. You care for your business and only have your business’ best interest in mind, so […]
Seeing the words “bad credit” and “business loan” together in today’s economy may seem almost paradoxical. In the United States, a low credit score is like a scarlet letter, warning others of potential risks. Whether you want to purchase a car, open a cellular phone line, or even rent an apartment, your credit […]
Remember high school? As soon as you set foot on the campus you were already looking forward to lunch, counting down the minutes and seconds until you would finally be able to eat and enjoy the company of your friends. You sat through Math, English and History but when the bell signifying the […]
Retail, wholesale and service businesses account for about 70 percent of total economic activity in the United States.
Based on surveys conducted by the U.S. Census Bureau, in 2006, retail and food service firms had an estimated total of over $8.6 billion in expenses, and made purchases totaling over $2.7 trillion dollars.
It is not about regulation and de-regulation, as Washington lawmakers would like you to believe. It is also not about the inability to control derivative transactions, as self-styled experts are claiming on your television sets. In fact, if the facts are closely scrutinized, the alarm bells are all ringing the wrong jagged tune. What we […]
When defining the term small business loan, it is important to understand the definitions of both a small business and a loan. In the United States, a small business is defined as a privately or independently owned and operated business that employs less than 100 people. And a loan is defined as something […]
Owning a restaurant can be a fun and rewarding experience. Unlike many other businesses, as a restaurant owner you get the joy of experiencing customer satisfaction first-hand. As patrons take their seats and partake in lively conversation and good food, you are constantly reminded that your business is a success. But just […]
Adverse credit history, also called sub-prime credit history, non-status credit history, impaired credit history, poor credit history, and bad credit history, is a negative credit rating.
A negative credit rating is often considered undesirable to lenders and other extenders of credit for the purposes of loaning money or capital.
When running a business it is very important to be organized. Keeping track of taxes, income, etc., is necessary when running a business, but doing so can be extremely difficult without having some type of system of organization.
Further stressing the importance of organization, MSNBC offers five tips on how to stay organized […]
According to Wikipedia, generally, a corporation is given many of the same legal rights of an actual person, but unlike general partnerships and sole proprietorships, a corporation has legal independence from the person or people who created it. In other words, a corporation and its owner(s) are viewed as separate legal entities.
Usually, […]
Women-owned businesses are a growing trend in Canada. According to statistics compiled by the University of Ottawa, approximately 47 percent of all SMEs (small and medium-sized enterprises) in Canada, include some degree of female ownership, while “majority women-owned” businesses account for approximately 17 percent of Canadian SMEs. It is evident that in the […]
If you have terrible credit you may well have abandoned all hope for getting a car loan. Today, even couples with a marginal credit rating (one slightly below the prime credit rating) face a big challenge when they go after an auto loan. The GMAC auto loan provides such challenged couples with a clearer path […]
There are constant examples of businesses whose growth has obligated them to expand into larger facilities. As these businesses grow, they often need to find a way to make that leap. Loans are a medium by which the entity can make this transition while setting them in a good position for projected future growth.
This […]
Purchasing a franchise can initially be very expensive. Some companies may require a person to have a certain net worth and at least a certain amount in liquid assets in order to even be eligible to purchase the franchise. One particular hamburger company, for example, requires franchisees to have a net worth of […]
Canada does its best to offer its many small business owners with resources and opportunities to run successful small business. This is demonstrated, as in 1961 the Small business Loans Act introduced the small business loans program. And in 1999 the act was revised to produce the Canada Small Business Financing Act (CSBF). […]
As of March 2008, according to Experian, one of the three major U.S. credit bureaus, the average U.S. credit score was 692. An excellent credit score is usually considered 700 or above, and about 40 percent of Americans have credit scores below 700.
Why are these numbers important? In the United States, your credit […]