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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

The Top 10 Warning Signs for Business in a Recession: Lenders are Watching
July 02, 2009, 11:35 AM
This is a rare chance to read what lenders are trained to look for when making commerical loans. Guest blogger Linda Keith, CPA is an expert on training commerical lending officers how to read financial statements and make loans safely.

IRS Collection Efforts to Change and Step Up
July 01, 2009, 10:05 AM
The Internal Revenue Service has announced that it is changing some of its collection proceedures for delinquent taxpayers as well as steping up collections. While this is necessary to help finance our evergrowing government, it will be an ugly epxerience ...

Intuit Survey Shows SMB Bullish on Their Own Success
June 29, 2009, 8:35 AM
A recent Intuit Survey shows that employers remain upbeat about growth prospects; however, many expect the recession will last another two years or more.

Are You Smarter than An Economist?
June 28, 2009, 12:35 PM
Renee C. Fellman, a Certified Turnaround Professional is sponsoring a contest entitled, "Are You Smarter Than An Economist?" Although the contest is fun, making an educated guess may better help you the forces that are driving the recession and recovery.

Is Your Customer a State Government Without a Budget?
June 26, 2009, 4:25 PM
As of end of business June 26, 2009, 19 states have failed to pass a new budget for their fiscal year beginning July 1, 2009. If your business provides products or services to one of these states, you must act ...

Moving Out of the Recession into Recovery: A Slow Climb Out
June 25, 2009, 9:25 AM
Goldman Sachs economist Ed McKelvey believes there are five main indicators to watch as the economy starts its slow climb out of the recession.

CDFI Lenders Continue to Shine Strong Through Recession
June 17, 2009, 3:10 PM
Community Development Financial Institution (CDFI) lenders have been creating new programs and making more loans during the recession while the SBA and the banking industry as a whole has seemed paralyzed. CDFI lenders have continued to shine strong and with ...

IRS Considering Requiring All Tax Preparers to be Regulated
June 15, 2009, 9:25 AM
The IRS commissioner is considering regulating all tax preparers. They believe that there will be a reduction in errors if tax returns can no longer be completed by unregulated preparers. This is a rediculous notion. What the IRS needs is ...

The New “Normal” in Bank Financing
June 09, 2009, 10:30 AM
As we get close to the end of the recession, banks should be evaluating the way the make commercial loans. They should be examining every part of their process and deciding how they are going to conduct business in the ...

Veteran CPA to Business Owners: Build and Maintain Strong Business Practices
June 04, 2009, 10:40 AM
According to a veteran CPA with 37 years of accounting and business consulting experience, the single best way to thrive during good times and bad ones is to build strong business practices.



Latest Comments in Main Street Financing Challenges posts

Kim, I think every bank has different strategies to helping businesses during a "work-out." From a banker's perspective, they want to keep your loan current, so most of the modifications that they want to do relate to keeping you paying the interest and staying off their "watch list." Often they will reamortize the loan to help you stay current and sometimes they will defer payments. From their perspective, since interest is an income source for them, the typically always want you to pay some interest during any periods of deferal. For many bankers, seeing a good workout plan and sounding confindent when you speak to them is enough to keep them working with you to set terms you can afford.
By: Sam Thacker on 7/1/09 at 10:47 AM
Business Loan Workouts: What You Should Know
I was just talking to someone who is in the situation that you are speaking of. They said they had heard some type of workout where your account is basically put on hold for a period of time, let's say 6 or 8 months to help you get going again.
Do you know anything about this program?
...
By: Kim Shuford on 6/30/09 at 3:38 PM
Business Loan Workouts: What You Should Know
Listen live to the Big Biz Show on chataboutit.com! Chat live with Sully & Russ who are two very funny guys who happen to be in the business of personal finance and investing with an unmatched ability to deliver bar room style conversation with business flair.

Weekdays at 4-6PM EST
Call in at 866-606-TALK
...
By: CBS Radio-Chat About It on 6/29/09 at 9:29 AM
Business Loan Workouts: What You Should Know
Sam, readers of your blog may want to find out whether they are smarter than an economist by entering my contest: http://theturnaroundblogger.com/index.php/are-you-smarter-than-an-economist/

...
By: Renee Fellman on 6/25/09 at 8:59 PM
Moving Out of the Recession into Recovery: A Slow Climb Out
Hi Sam, How much of an increase on cash reserves are you seeing on sba loans, tied to real estate? Im witnessing such a huge range from bank to bank.

Thanks in advance.

Jeff Rauth ...
By: Jeff Rauth on 6/8/09 at 6:16 PM
Nuts and Bolts of Borrowing Series: Liquidity Ratios

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