Getting a Business Loan [recurso electrónico] Financing Your Main Street Business

Every day, Main Street businesses wrestle with the challenge of finding the cash to finance growth or use as working capital. The local banker often wants a credit score of 720, three or more years in business, and a fat savings account. No wonder local bankers approve only 10% of loan applications. __Getting a Business Loan: Financing Your Main Street Business__ shares something your local banker might not want you to know—small business owners have options. And this book describes those alternative lending sources in detail, as well as traditional sources of funding like banks and credit unions. Half of all business startups don’t make past their fifth birthday—and often because they can’t find the financing required to sustain their operations. Whether you own a small restaurant, a bicycle shop, a hardware store, a small manufacturing company, or a service business, Getting a Business Loan offers easy-to-understand descriptions of loan options that can keep you going, as well as practical advice on where to look for money and how to apply. What would you do with an extra $40,000? Expand your restaurant? Hire a new employee to fulfill a new contract? Buy a needed piece of equipment? __Getting a Business Loan__ will: * Detail how bankers look at you and your loan application * Explain the menu of non-bank financing options available to business owners, like asset-based lending, factoring, merchant cash advance, local “hard money,” and more * Show how to locate potential lenders via the Internet and other means * Show how to prepare before you visit the lender or fill out an application Main Street businesses aren’t limited by the local bank’s footprint any more. There are people and institutions all across the country that lend money to small business owners. If you want to find the money you need to strengthen and expand your business, __Getting a Business Loan__ will show you how. What you’ll learn* How to speak to your banker about a loan * The different types of loans available at your local bank or credit union * How to qualify for an SBA loan * Alternative financing options, where to find them, and how to apply * Using the Internet to find money for your business * What to do if you don’t qualify * Options for business owners in dire straits Who this book is for __Getting a Business Loan__ is for the 7 million+ Main Street business owners with fewer than 100 employees, the backbone of the American economy. Table of Contents1. Building a Relationship with Your Bank: Date Before You Marry 2. A Visit to the Bank: Popping the Question 3. Keep Your Relationship with the Bank Personal: When the Honeymoon is Over 4. Getting the Right Bank Loan: My Porridge Is Too Hot! 5. Navigating the Maze of the SBA: Are We There Yet? 6. Angels, Venture Capital and the Myth of the Shark Tank 7. The Sun Will Come Out Tomorrow: There are Options 8. Asset-based Lending: Need a New Piece of Equipment? 9. Factoring: Tap Your Accounts Receivable 10. Real Estate Loans : Location, Location, Location 11. Merchant Cash Advances : Credit or Debit? 12. They Call It a Credit Card for a Reason: Don’t Leave Home Without It 13. Peer-to-Peer Loans: Brother, Can You Spare a Dime? 14. Business Acquisition Loans: I Need Money Now Before the Opportunity Slips Away 15. Franchises: There’s a Loan for That 16. Startup Funding: Crawl, Walk, Run 17. Crisis Borrowing: Help! 18. WOSB and other Loans: It’s No Longer a Man’s World 19. Small Business: The Backbone of America Every day, Main Street businesses wrestle with the challenge of finding the cash to finance growth or use as working capital. The local banker often wants a credit score of 720, three or more years in business, and a fat savings account. No wonder local bankers approve only 10% of loan applications. Getting a Business Loan: Financing Your Main Street Business shares something your local banker might not want you to know--small business owners have options. And this book describes those alternative lending sources in detail, as well as traditional sources of funding like banks and credit unions. Half of all business startups don't make past their fifth birthday--and often because they can't find the financing required to sustain their operations. Whether you own a small restaurant, a bicycle shop, a hardware store, a small manufacturing company, or a service business, Getting a Business Loan offers easy-to-understand descriptions of loan options that can keep you going, as well as practical advice on where to look for money and how to apply. What would you do with an extra $40,000? Expand your restaurant? Hire a new employee to fulfill a new contract? Buy a needed piece of equipment? Getting a Business Loan will: Detail how bankers look at you and your loan application Explain the menu of non-bank financing options available to business owners, like asset-based lending, factoring, merchant cash advance, local zhard money, y and more Show how to locate potential lenders via the Internet and other means Show how to prepare before you visit the lender or fill out an application Main Street businesses aren't limited by the local bank's footprint any more. There are people and institutions all across the country that lend money to small business owners. If you want to find the money you need to strengthen and expand your business, Getting a Business Loan will show you how Front Matter....Pages i-xv Funding the American Dream....Pages 1-8 Building a Relationship with the Bank....Pages 9-20 Keeping Your Relationship Personal....Pages 21-31 Getting the Right Bank Loan....Pages 33-43 Navigating the Maze of the SBA....Pages 45-59 Angels and Venture Capital....Pages 61-71 The Sun Will Come Out Tomorrow....Pages 73-82 Asset-Based Lending....Pages 83-91 Factoring....Pages 93-99 Commercial Real Estate Loans Location, Location, Location....Pages 101-110 The Merchant Cash Advance....Pages 111-118 They Call It a Credit Card for a Reason....Pages 119-127 Peer-to-Peer Loans....Pages 129-138 Business Acquisition Loans....Pages 139-147 Franchises....Pages 149-156 Startup Funding....Pages 157-164 Crisis Borrowing....Pages 165-169 WOSB and Other Loans....Pages 171-176 Small Business....Pages 177-185 Back Matter....Pages 187-192