The 5 C’s of Business Credit

  • Posted by Clare Ursillo
  • On August 14, 2017
As a business consultant, I routinely help small businesses with access to capital.  My role in the process is to assist with business plans, acquisition and expansion plans, strategic plans and financial projections that may be needed to accompany a funding request.  Before we begin that process I always have a discussion about the 5 […]
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“I want to get a small business loan to start a business”

  • Posted by Emily Ambrose
  • On January 5, 2017
I have been a consultant with the UGA Small Business Development Center for almost 5 years, and I can’t tell you how many times I have heard this statement, or some variation of it. Unfortunately, a lot of these people do not have a good understanding of how to set up a business financially so […]
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Are you a Grasshopper or an Ant?

  • Posted by Stacy Johnson
  • On July 12, 2016
A favorite of mine is the story of The Grasshopper and The Ant. If you do not recall, the premise of the fable is that the Grasshopper is enjoying the summer day, hopping, chirping and singing away when the Ant passes by, working away, storing food. The Grasshopper asks the Ant why it is working so hard when everything is so easy, foods plentiful, and states that the Ant should be enjoying the sunshine. The Ant replies that he is planning for the winter, by continuing to work when everything was going well. Of course, winter comes and the Ant is well prepared while the Grasshopper is out in the cold, starving. The moral of the story is:
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Business Loan Application Tips Borrowers Can Take to the Bank

  • Posted by Ashley Panter
  • On May 2, 2016
Whether it’s to start, operate, expand or acquire a business, capital is required. Just how much is available, and what it will cost depends on each business’s unique situation and the personal financial position of its ownership. These two factors are so important that they find their way into the starting lineup of every loan application. Borrowers who have a good understanding of […]
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Manage Your Business Taxes – Don’t Let Them Manage You

  • Posted by Ashley Panter
  • On March 31, 2016
As an SBDC Business Consultant, I have the opportunity to work with a lot of business owners, and one of the things I have figured out is that NONE of them got into their businesses so that they could pay taxes. The restaurant owner wants to serve really great food. The car dealer is a car guy. But taxes are a fact of business life. So, it is a good idea to have a game plan to handle them in an efficient way so that you can focus on the real reason you got into business in the first place. Here are a few suggestions:
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Foreign Receivables Insurance: A Tool to Grow Your Business

  • Posted by Ashley Panter
  • On January 20, 2016
If you have a business that sells product or service internationally, or if you are considering selling your product or service to foreign buyers, you may want to consider using receivables insurance as a way to grow your business and mitigate risks commonly associated with international sales. If you are selling internationally, the least risky […]
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