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
Read MoreCrowdfunding 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
Read MoreAccounts 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
Read MoreLet’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
Read MoreThere are a lot of advertisements for free grant money for businesses and for 99.9% of businesses this is not true! Yes there are some grant funds, but they tend to be for science & technology companies (SBIR/STTR). Sometimes there will be agriculture, tourism, recycling or energy improvement grants that primarily come from states. Last
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