Business Loans
Debt Service Coverage Ratio and How Lenders Use It
A bakery owner I worked with last spring had strong sales, a clean credit file and two years of tax returns, and the bank still...
Your bank renewal letter mentions a 30-day clean-up and you have carried a balance on the line for fourteen straight months.
Recent
Business Loans
A bakery owner I worked with last spring had strong sales, a clean credit file and two years of tax returns, and the bank still...
Cash Flow Management
A bakery owner I worked with last spring had $14,200 in her operating account on the 18th of the month and felt comfortable.
Business Credit Cards
A wholesale supplier tells you they now accept cards, but with a 3 percent surcharge.
Lines of Credit
Your biggest supplier sends an invoice for $40,000 with a line printed at the bottom: 2/10 net 30.
Business Credit Cards
A landscaping company I worked with last spring put $41,000 of mulch, fuel and equipment rental on a single card in April.
Lines of Credit
A landscaping company with eleven staff runs payroll every second Friday at about $26,000. Its biggest client pays in 45 days.
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Archive
Three people who have sat on different sides of a funding decision: a former underwriter who spent a decade deciding which loan applications got approved, a small business owner who has borrowed through a term loan, two lines of credit, and one merchant cash advance she still warns people about, and a bookkeeper who sees a client's cash flow problems months before the owner does. Every article carries a byline, and nothing runs that the writer has not actually dealt with.