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Main Street Financing Challenges

My blog focuses on practical financing topics facing small business owners in today's difficult market.
Latest Posts

Extension of SBA Loan Enhancements – Moving Through Congress
February 09, 2010, 9:25 AM
Congress is currently considering extending the successful SBA loan program enhancements it originated in 2009 under the stimulus act. Although the SBA loan enhancement programs are being “piggybacked” on a jobs bill, it is widely predicted the bill in some ...

Toyota’s Supply Chain Stretched Thin with Recall
February 08, 2010, 3:10 PM
If you are a small company supplying parts or services in a massive supply chain like the one Toyota has, here are a few tips that will help mitigate your risk of loss if a link in the chain breaks.

Try Mediation First in Small Business Disputes
January 30, 2010, 2:15 PM
When parties having a dispute use mediation before litigation they are far more likely to get their grievances resolved to their satisfaction and with far less cost and effort than by going down the long expensive road of litigation.

Picking a Bank for your Consumer and Business Needs
January 29, 2010, 1:35 PM
Finding the right bank for your consumer and business needs can be a time consuming and involved process. Unfortunately it isn’t as easy as picking up a phone book and looking in the yellow pages. Here are a few tips ...

What To Do When Your Bank Turns Down Your Loan Request?
January 28, 2010, 9:30 PM
Banks turn down business loan requests for a variety of reasons. Some reasons are simple and can be overcome, while others may require you to modify your loan request or work on your business’ operations.

Due Diligence and the Thud Factor
January 27, 2010, 10:20 PM
Banks that are making loans to businesses are now requiring much more due diligence materal than ever before. Now, a bank has to make a good credit decision and build a loan file that banking regulators won't second guess.

Did the Democrats Get the Message in Massachusetts?
January 21, 2010, 12:50 PM
On Tuesday, when a Republican was elected senator in one of the most liberal states in the country, the people of Massachusetts sent a strong message that they were tired of business as usual: Our elected officials need to stop ...

WIKI Available Comparing IFRS to U.S. GAAP
January 19, 2010, 9:45 AM
Over the next few years many U.S. businesses are planning on changing from current U.S. accounting standards (GAAP) to International Financial Reporting Standards (IFRS). The American Institute of CPAs has started a WIKI to allow users to make side by ...

The Problem with Trying High Risk Plays
January 18, 2010, 7:10 AM
Using high risk strategies to grow your business is much like gambling. You can't control the outcome. A customer that year over year accounts for more than about 10 – 15% of your annual sales may be too big for ...

Vacation Home Rental Business Booming in Recession
January 14, 2010, 9:25 AM
Across North America and Europe there are approximately 4-5 million households that own vacation homes and rent them out on a regular basis. During the last several years, in order to help pay the mortgage and keep property, a large ...



Latest Comments in Main Street Financing Challenges posts

Undoubtedly the WIKI will enable the novice and the professionals alike to understand the true import of the comparative features of IFRS Vs. US GAAP in the light of the unprecedented financial turmoil and crisis seen in the last couple of years. Good effort. Let the professionals come up in large numbers to elucidate the two standards.

R. Venkata Subramani
http://accountingforinvestments.com/ ...
By: R. Venkata Subramani on 1/25/10 at 1:47 AM
WIKI Available Comparing IFRS to U.S. GAAP
I just hope the correct message is communicated. The Obama administration interpreted the 2008 election as a plea by Americans to radically swing the country to the left. I thought the election was more a rebuke of the Bush administration than a blank check for extreme leftism. Now, I'm just bracing myself for the right to interpret the latest election as America's desire to move to the extreme right. It's too bad politicians feel the pressure to bow to the 10% extremes of both parties, as the result is complete neglect of the 80% in the middle.
By: Jason Martin on 1/21/10 at 6:13 PM
Did the Democrats Get the Message in Massachusetts?
Sam, great topic for January. Very helpful review . . . it seems like the ROI on such a product could be very fast!

Mike

P.S. I don't even want to know the otherwise billable time I let slip through the cracks last year.
By: Mike Wilke on 1/7/10 at 4:13 PM
The Answer to Lost Billings – Pick the Best Time and Expense Tracking Software
Hey, Sam! My sister lives in Southern California and works for a large corporation. They had implemented an across-the-board 5% pay cut during the recession to avoid more layoffs.

This month they reinstated the full salaries. Not only is that a sign of improvement, but now my sister can give up the second job she temporarily took in a retail store which may open that slot up for someone else.

Little by slow...
By: Linda Keith on 1/4/10 at 10:18 AM
California Inching Back from the Brink of Collapse
No question, Sam. Especially smaller credit unions, or those with a more restricted field of membership, do not make business loans.

Even personal loans to a business owner may be tougher at a credit union than at a bank. It is a matter of how familiar and comfortable the lenders are with looking at tax returns and financial statements.

As regulators continue to be less flexible, lenders need to show they have the capabilities to adequately assess the debt-paying ability of their borrowers. That requires in most cases an enhanced ability to analyze tax returns and financial statements.
By: Linda Keith on 12/10/09 at 4:23 PM
Need an SBA Loan? Should You Pick a Bank or Credit Union?

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