Banks & Loans

Will Your Company be Bankrupt by 2014? Edward Altman Knows (and so should you)

You may not know Edward Altman, but he knows whether your company will be bankrupt in the next two years. Altman developed a deceptively simple formula that calculates the financial strength of a business and accurately predicts the probability of bankruptcy more than 90% of the time. The formula, called Altman’s Z Score, needs just [...]

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Cash When You Need it Most: How to Use Your Customers Credit to Borrow Money Now

Employees won’t wait for payroll and landlords don’t want to hear about your cash flow when rent is due. Sure, cash is a problem. But if you have Accounts Receivable, you already have the keys to unlocking more cash. Here’s how you can get the cash when you need it the most: The Root Cause [...]

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Loan Applications: 4 Things to Never Tell your Banker (by guest blogger Rob Severson)

In my 40-year career I have met with 100’s of business people seeking loans. It is the fun part of what I do. But I’ve also seen some common mistakes that entrepreneurs make, particularly when talking to a banker. Sometimes I think bankers speak a different language than entrepreneurs. Be very careful that what you say is [...]

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Make Finance the Foundation of Your Growth: Step 3 of my Business Tune Up Program

Ready for part 3 in my 4-part Business Tune-Up Program? By now you know what really drives your profits; you have a dashboard that helps you keep track; and you have fixed any cash bottlenecks. Now it’s time to magnify all the good things you are doing in your business and watch the profits multiply. [...]

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Retirement is Dead: Retire in Entrepreneurial Style by Building Wealth Instead of Savings

I’ve accepted it: Retirement is dead. Anyone still working today might never be able to retire. So why are we all putting money into retirement savings accounts? Between IRAs, ROTHs, 401(k)s, SIMPLEs, SEPs and SOLOs, there’s no shortage of ways to save for a day that may never arrive. And yet Morningstar reports that the [...]

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Bridge Loans: How Angels Can Get You Cash When VC Can’t

Whether your business is growing rapidly or just getting started, you need cash. But negotiating equity investments can take a long time – time you don’t have. You need cash NOW… meanwhile, venture capitalists (VC) and other investors will spend months negotiating deal terms. And just when you think the terms are finally set, there’s [...]

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Keep your Sanity and your Money with this One Simple Bookkeeping Mantra

Its amazing how complicated you can make bookkeeping if you try. Apply for a handful of credit cards, get two or three bank accounts, and carry arround a checkbook … and you’re on your way to a life of late payments and bounced checks. There’s a better way. In fact, keeping your books straight in [...]

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Get Ready for the Coming Boom in 2012

Prepare your small business for the next economic boom cycle. The recession is ending. Now is the time to get ahead of competitors by gearing up for growth and expansion.

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New Business Loans… and a Cup of Coffee to Go

Starbucks just announced an innovative new small business loan program called “Create Jobs for USA”. Yes, along with doling out $5 cups of coffee, Starbucks will now fund loans of $50,000 and more for small businesses. The company has a history of “micro-finance” in developing countries; this is its first program here at home. But don’t [...]

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9 Lies We Tell Ourselves About Loans

Getting a loan is not easy these days, and as a result too many entrepreneurs have given up even looking. Instead we run around searching for all kinds of private equity and venture funding… But if given a choice between a good old-fashioned loan and any other form of finance, I’ll pick loans every day. [...]

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Sinking in Debt? Swim Over to 10 Reputable Debt Consolidators

[By Guest Blogger Marc Brown] Startup is a time of wild optimism. The sky’s the limit and everything seems possible. It’s also a time when entrepreneurs look for cash – borrowing and spending their way through the birth of a new company. Unfortunately, wild optimism and boundless borrowing are the two key ingredients in a [...]

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Bank Loans: 7 Secrets to Crack the Safe Wide Open

Lending is tight, but loans are available for the well-informed. If you are looking for a business loan, know these 7 keys to approval before you sit down with a banker. You won’t find these secrets anywhere else!

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Avoiding Personal Guarantees: Loans are Fun Again

Seems like every time I start a new business, I start it at the bank. In the chair. In front of the loan officer. ME: "I've got another great idea Mr. Banker. I just need a loan for $600,000 to buy a greenhouse." BANKER: "That's fine Mr. Worrell. So long as you agree to give [...]

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RMA: The Banker’s Secret Book You Must Know

Yes, Virginia, bankers do have a secret book. Yes, it has answers you need to build your business, get a loan and more. But wait, it gets even better. Let me back up just a little. If you are writing a business plan, trying to project your company’s financial future, or simply wondering why you [...]

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Fundraising Quiz: Cap Table, Archangel and 12 other buzz killers

Before you venture out to raise money for your small business, get hip to the lingo. Don't wait until its too late to learn the difference between your Cap Table and your Capacity… between a Ratchet and a Warrant. Whether you're looking for a loan or angling for an angel, know the ropes. Nothing [...]

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← Previous Entries

Banks & Loans

Will Your Company be Bankrupt by 2014? Edward Altman Knows (and so should you)

Cash When You Need it Most: How to Use Your Customers Credit to Borrow Money Now

Loan Applications: 4 Things to Never Tell your Banker (by guest blogger Rob Severson)

Make Finance the Foundation of Your Growth: Step 3 of my Business Tune Up Program

Retirement is Dead: Retire in Entrepreneurial Style by Building Wealth Instead of Savings

Bridge Loans: How Angels Can Get You Cash When VC Can’t

Keep your Sanity and your Money with this One Simple Bookkeeping Mantra

Get Ready for the Coming Boom in 2012

New Business Loans… and a Cup of Coffee to Go

9 Lies We Tell Ourselves About Loans

Sinking in Debt? Swim Over to 10 Reputable Debt Consolidators

Bank Loans: 7 Secrets to Crack the Safe Wide Open

Avoiding Personal Guarantees: Loans are Fun Again

RMA: The Banker’s Secret Book You Must Know

Fundraising Quiz: Cap Table, Archangel and 12 other buzz killers

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Banks & Loans

actionable advice from david worrell has appeared in:

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search site

SUCCESS IS NOT AN ACCIDENT

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