HOW TO GET FINANCING FOR NEW & EXISTING SALONS

  • Posted by Cheryl Greenerl
  • On February 8, 2017
Undercapitalization is cited as the #1 cause of failure for companies with fewer than 500 employees, and salons are especially prone to underestimating working capital needs.  You’ve worked hard to build your salon business and can’t afford to miscalculate the next steps for growth. Come and find out how much money you need, who’s lending, […]
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2016 LeadSMART – Finance

  • Posted by Deborah Free
  • On May 23, 2016
Financing for Dynamically Growing Businesses Did you know you have more than one credit score?  When and how does a lender use each of your credit scores to assess your credit worthiness?  Do you know the difference between the terms, FICO, FairIsaac, BNI, Beacon and Pinnacle, Global Cash Flow, Debt to Income Ratio and Debt […]
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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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Applying for a Business Loan

  • Posted by Emily Ambrose
  • On August 31, 2015
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 […]
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Building a Relationship You Can Bank On

  • Posted by Marketing Intern
  • On February 12, 2015
Business relationships are important to overall business success, and far too few borrowers continue in a meaningful relationship with their lender after their loan has closed. In many cases, an adversarial type relationship develops over time. A common perception is that bankers only want to assist you when you don’t need them. Mark Twain even […]
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Show Lender You Know What You’re Doing

  • Posted by Clare Ursillo
  • On May 23, 2011
I often hear aspiring entrepreneurs complain they cannot get funding for a business startup. While it is difficult to obtain funding, it is not impossible. There are lenders willing to make startup loans, especially if the Small Business Administration (SBA) is willing to back up part of it. But you need to understand startup businesses […]
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