Jul 21
Although the news for small businesses wanting to procure a loan has not been good over the past few years, Mike Lubansky, senior financial analyst for Raleigh, North Carolina, financial analyzing company Sageworks recently shared some tips to help companies.
In a recent Fox Business article, Lubansky said its important to find the right bank and then create a relationship with that bank.
“A bank will be more receptive to your loan request if they know you,” Lubansky told the news source.
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Tags: Financial Analyst, Loan, Small Business
Jul 20
Vague bid mutterings around Aviva made a return last night as the insurer shot up the blue-chip index thanks to European leaders agreeing a deal on a bailout of Greece.
The group has been the subject of takeover chatter before, and yesterday the rumours were reheated as speculation spread that at least two of its European peers could be mulling over a possible approach worth 575p a share. Zurich and Allianz were among the names being discussed as potential aggressors, with market gossips saying the former could be tempted to try and acquire a UK company given the strong value of the Swiss franc.
However, there was widespread disbelief around the tale, with Panmure Gordon’s Barrie Cornes saying its likelihood was “extremely low”.
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Tags: Bid, Bid Talk
Jul 19
Small business, in many cases, is now on the Web. Whether this is for simply marketing or collecting data or whether their businesses are conducted almost entirely online. If you operate your business fully or partially on the Internet, this roundup is for you.
Online Marketing
Why your customer doesn’t care about your Website. Ever tried to order something from an online store? Was it easy or overly complicated. Many customers buy online because of ease and convenience. But what happens when there’s nothing easy or convenient about shopping with you online. You say you’re having technical problems? We don’t care. The next Website is just as good as yours.
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Tags: Small Business, Web
Jul 19
Seventeen community banks that include Monument Bank in Doylestown have received $214 million in new capital from U.S. Treasury’s small business lending fund. This is a $30 billion asset that will provide capital to community banks. Qualifying banks are those with less than $10 billion in assets.
Tier -1 qualifying capital is being provided by the fund through preferred stocks and equivalents. Banks provide 5 percent dividends on stocks but then that can decline to 1 percent only if banks increase small business lending by 10 percent.
An estimated $3 million new capital will be received by Monument. John Soffronoff, the bank’s CEO conveyed that the fund shall help Monument to market small-business lending programs. Rec
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Tags: Banks, Business Lending, Business Lending Fund, Lending Fund
Jul 19
Can I ask you for a quick favor?
Tim Berry, the founder of Palo Alto Software and a personal friend, was just nominated as a Small Business Influencer in the Guru category on SmallBizTrends.com. Everyone at Palo Alto Software would love to see him win. Were hoping that you can help us out by voting for Tim Berry.
Can you take a quick break from reading this article and go vote for Tim Berry as a Small Business Influencer? You dont have to register and they wont ask for your email address.
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Tags: Guru, Small Business, Tim Berry
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