Small Business, Big Problems

Portici di Sottoripa, Genova , Italy Galleries tend to form clusters of small business owners over time. Yes, there are business loans (and other types of business financing) that either do not look at your credit at all or if they do, do not place much weight on it (great for those credit scores that are borderline). Channels of distribution – Selecting an effective channel of distribution may reduce the promotional expenses as well as overall expenses for a small business. Most business owners report that it is years before they can take any time away from their business whatsoever.

The new unfair contract term protections will apply to standard form small business contracts entered into, or renewed, on or after 12 November 2016, where the up-front price payable under the contract does not exceed $300,000 – or $1 million if the contract is for more than 12 months. If you are a frustrated small business owner and feel trapped, you may be looking for a new enterprise that will not be so strenuous – a way to create a stable income that still leaves you time for yourself and your family.

And, since repayment of this advance (loan) is based on future cash flow from your credit card paying customers, these lenders are not that concerned with your personal credit scores but more concerned about your business’s ability to keep getting those paying customers in the door (which is what you wanted – a business loan based on your business results and future potential and not your past credit mistakes).

Since 2002, a series of federal investigations have found fraud, abuse, loopholes, and a lack of oversight in federal small business contracting, which has led to the diversion of billions of dollars in small business contracts to large corporations. They are independently owned and operated, organized for profit, and are not dominant in their field, as defined by the U.S. Small Business Administration (SBA). Again, since your business has already demonstrated that it can win business, the focus of this loan approval is not based on your personal credit or the cash position of your company but in the next cash event – when your customer receives the completed order and pays you.

Some small businesses are further financed through credit card debt—usually a poor choice, given that the interest rate on credit cards is often several times the rate that would be paid on a line of credit at a bank or a bank loan Recent research suggests that the use of credit scores in small business lending by community banks is surprisingly widespread.