| |
Business Credit Card Source - Credit Blog and Updates |
| |
|
| |
| The Good News and Bad News About SBA Emergency Small Business Loans
|
| Monday, April 13,2009 08:46 PM |
|
|
|
The bad news:
1. You can't use them to pay off an old SBA loan
2. Guidelines are still under review
3. Loans max out at $35,000
4. Only "viable" small businesses will be approved. According to the SBA, viable means "...a small busines......
|
| |
| view details |
|
|
|
| |
| SBA Loans Are Back on the Menu
|
| Thursday, April 09,2009 09:42 PM |
|
|
|
Honestly. They actually gave 35 loans in the first week of April (no foolin'), their best week in almost six months. And the loans are inexpensive since certain fees have been suspended. Another boost: because the fed is guaranteeing up to 90% of ......
|
| |
| view details |
|
|
|
| |
| Credit Woes Hit Home
|
| Wednesday, April 08,2009 09:29 PM |
|
|
|
As we wind up Q2, what we can see from a glance at the news is that entrepreneurs (read: small businesses) are getting the sharp end of the credit stick. Some of the statistics are jarring and the quotes that I read from small business owners from al......
|
| |
| view details |
|
|
|
| |
| Obama Acts to Aid Small Businesses
|
| Tuesday, March 17,2009 09:58 PM |
|
|
|
Hark! Good news is starting to trickle down to Main Street businesses! President Obama announced plans that would not only loosen credit for small businesses but would require banks receiving bailout money to report each month on how much small bus......
|
| |
| view details |
|
|
|
| |
| Credit Cards Are the Next Credit Crunch
|
| Wednesday, March 11,2009 07:21 PM |
|
|
|
Great opinion piece in the Wall Street Journal this week on the dangers of credit card companies decreasing credit limits ... especially because they are pulling back too quickly, too indiscriminately, and sometimes to the wrong people. And with peop......
|
| |
| view details |
|
|
|
| |
| A Boss's Guide to Stopping Company Credit Card Abuse
|
| Monday, March 09,2009 08:23 PM |
|
|
|
A friend of mine who owns a small business (with around 15 employees) recently realized that his business credit card company had pretty much ignored his recent request to add an employee card to his account. He was surprised not only because he's b......
|
| |
| view details |
|
|
|
| |
| Entrepreneurs Can Lead Us Out of the Crisis
|
| Wednesday, March 04,2009 09:51 PM |
|
|
|
This is the most forward-thinking piece I have read since this whole crisis became a CRISIS. It basically says that the strategy being presented to pull us out of this thing is wrong and "worse, that the weapons it is using to fight the recession ar......
|
| |
| view details |
|
|
|
| |
| Remember credit unions? Now they're a ray of hope.
|
| Tuesday, March 03,2009 09:16 PM |
|
|
|
The Wall Street Journal had a great article today about credit unions and their willingness to give business loans to small (and I do mean small!) businesses. Not the 500 employee "small" business that needs to borrow a few million dollars to buy a......
|
| |
| view details |
|
|
|
| |
| Can Small Business Owners Dodge New Tax?
|
| Friday, February 27,2009 05:19 PM |
|
|
|
Honestly, politicians are so wacky. Even though it's hard to know who to believe anymore, I think we should all be able to agree that a tax on individuals making more than $250,000 a year isn't going to hurt truly small businesses...unless they're d......
|
| |
| view details |
|
|
|
| |
| Barter Fits the Bill for Strapped Firms
|
| Monday, February 23,2009 08:50 PM |
|
|
|
This is the coolest thing! I grew up in a time and place where barter happened frequently and can tell you that it not only works, but that it can create a great sense of community and a certain kind of "barn-raising" spirit that can pull a person (......
|
| |
| view details |
|
|
|
|
|
|
|
