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We have had a lot of people asking us how to get a business loan with bad credit as the recession put a hurt on their credit score for a variety of reasons.  To make matters worse, banks have tightened their standards on lending and the primary factors today in getting a small business loan is credit

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USDA B&I Guarantee

Similar to the SBA loan guarantee,the USDA (United States Department of Agriculture) also provides a loan guarantee for small businesses called the B&I or Business & Industry loan guarantee.  As one may imagine this program is more for businesses in rural areas, which by USDA standards is a city or town with fewer than 50,000

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Crowdfunding

Crowdfunding is a form of financing a business through the collective effort of friends, family, customers, and individual investors. Several web based platforms provide an easy way for an entrepreneur reach a wide audience with their product and essentially presell their product.   The traditional model to get financing for a business is you develop

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Business Terms & Definitions

Accounts Payable (AP) – Bills to be paid as part of the normal course of business. This is a standard accounting term, one of the most common liabilities, which normally appears in the Balance Sheet listing of liabilities. Businesses receive goods or services from a vendor, receive an invoice, and until that invoice is paid

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Writing a Business Plan

Let’s face it – most people would rather go to the dentist before writing a business plan.  The usual reason most people even write a business plan is because the bank won’t lend them money until they have it, but a business plan is much more valuable than that.   A business plan is a

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