3 Reasons Your Bank Seems So Stingy

by / ⠀Startup Advice / April 27, 2013

We hear it all the time, frustrated entrepreneurs say things like: “The big banks aren’t lending to small businesses” “The banks aren’t willing to take a risk” “Why do banks even advertise small business loans? They don’t approve anyone!” It is easy to blame the stingy, greedy bankers for your company’s inability to raise capital, but I think it is helpful to put yourself in the banks shoes…

Is Your Bank Committed to Your Small Business?

by / ⠀Funding Startup Advice / November 18, 2012

Despite benefitting from a low cost of capital, your enterprise is still burdened by higher costs to finance its inventory, its capital expenditures and most importantly, its receivables. Why is this happening? Well, in this economy customer demand is down, and customer bankruptcies are up. Both increase your costs of financing, and both impact your cash flow. However, there’s something far more important to be concerned with: whether…

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