Are You Under-Banked?
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Are You Under-Banked?

Are you under-banked? If so, you’re not alone. A recent article I read indicated that among CFO’s, being under-banked has landed on the growing list of challenges most CFO’s face. Here’s why:  A recent report stated that the financial landscape for small to medium sized businesses (SMB’s) has changed significantly.  Credit markets have become increasingly biased toward bigger…

How Much Debt Is Too Much?
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How Much Debt Is Too Much?

Recently, we talked about obtaining a line of credit as “sleep insurance” when growing your business and how to make sure you’re bankable and bank-ready when requesting a loan.  Some people are risk takers and don’t mind going into debt. Some are totally debt averse and don’t borrow at all.  But how much debt is…

2 Questions You Need to Answer Before You Talk to a Bank
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2 Questions You Need to Answer Before You Talk to a Bank

Every business owner wants abundant cash flow in their business. It’s emotional and practical. Cash is like oxygen. Your business can’t function without it.  When cash is in short supply, owners become lightheaded, then despondent, then desperate. Cash represents success and lack of it, failure. It’s not a question of “if” cash is in short supply,…

Are You Losing Sleep Over Business Cash Flow?
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Are You Losing Sleep Over Business Cash Flow?

In your business, money has a way of going out just as fast as it comes in. When cash is tight (and it almost always is), many business owners go home at night worrying about lack of cash in their bank account. In fact, 54% of business owners in a recent Forbes survey are losing…

How to Talk to Your Banker
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How to Talk to Your Banker

You may have discovered that bankers unintentionally speak a language that business owners have a hard time understanding. I call it BankSpeak. Bankers use terms like liquidity, leverage, profitability, working capital, cash flow, EBITDA and sometimes don’t explain the context or the calculations behind these terms and how they might impact your business positively or…

The Business Owner’s Cheat Sheet – Starting and Selling a Business with an SBA Loan

The Business Owner’s Cheat Sheet – Starting and Selling a Business with an SBA Loan

Generally, starting a business with an SBA loan is incredibly hard due to no historical track record of cash flow and ability to service the debt. Banks are looking for at least three years in business before extending credit. However, it’s possible if you find a bank that is willing to do startups. Many banks…

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