The concept of borrowing money using collateral is called debt financing. Whenever a lender is considering financing a prospective client the very first hurdle that must be achieved is determining the borrower’s credit. It is important to provide ample information within and attached to a formal loan request that speaks to the potential credit question.Read… Read more »
When it comes to sales and marketing initiatives the name of the game is to stand out. Typically the goal is to be unique and different from the crowd of competitors. But with finance the opposite is true. It does not pay to do things like carve your own path if you expect to getRead… Read more »
Pitch & Polish The NCTC Access to Capital committee hosts monthly Pitch & Polish clinics that help tech-related companies prepare for raising Angel capital. How it works: It’s pretty simple actually. You get 10 minutes to pitch your idea/company. Then a panel of wise folks knowledgeable about early stage investing give you feedback about yourRead… Read more »
There is a distinct difference between what a lender looksfor in a deal versus what an investor is interested in seeing. For the mostpart, the investor is interested in the idea. Does the concept have enoughjuice to propel it into the stratosphere? Because an investor knows they canchange the model, change the personnel, change locationRead… Read more »
November 2010 Creative Capital Associates, Inc. would like to thank all of the fine people who have crossed our path all these years and to wish each and every one a wonderful holiday season and health and happiness for your entire families Gary Honig, President Creative Capital Associates, Inc. [email protected] 301-681-0080 www.ccassociates.com Request for contactRead… Read more »
On September 27, the President signed the Small Business Jobs Act. This now opens the door for a renewal of the 90% SBA guarantee on the 7(a) loan program thru the end of December 2010. The fee relief afforded under Section 501 of the American Recovery and Reinvestment Act of 2009 has been extended throughRead… Read more »
The extension of provisions which have the capacity to support $14 billion in loans to small businesses: Extending these Recovery loan enhancements – which increase guarantees for SBA’s largest loan program (the 7(a) program) to 90% and reduce fees for the 7(a) and 504 program – has the capacity to support $14 billion in lendingRead… Read more »
You may be unfamiliar with the term “factoring.” It is a commercial financing transaction where you can leverage finished work to gain badly needed working capital to grow the company and pay bills. Also known as Invoice Factoring, the benefit is in the simplicity of its mechanics. A company does work for their customer andRead… Read more »
The Internal Revenue Service is not a lender of last resort. By not paying taxes, you are ultimately borrowing from the Government, at extremely costly rates. The addition of compounding interest and penalties will make a bad situation much worse. Any unpaid taxes due will garner a daily interest rate, plus a monthly 5% penaltyRead… Read more »
Sounds great doesn’t it? Well that is exactly what businesses do everyday when they offer credit terms to their customers. Sure it’s considered normal to allow a customer thirty days to get their bookkeeping in order to pay the bills. But many large companies take advantage of credit terms and take 60 – 90 daysRead… Read more »