Archive: December 2014

Every start-up begins with enthusiasm and energy, but unfortunately a business cannot survive on optimism alone. Having enough working capital is at the heart of successful firms. In fact, according to Bloomberg, eight out of 10 businesses fail during the first 18 months simply because they run out of cash. Here are three strategies to implement to make sure your company does not suffer the same fate: 1. Fill Your Rainy Day Fund This is obviously easier said than done, but have a well-stocked […]

Business owners can refinance their commercial mortgage loans in many different ways to improve their financial outlook. Here’s a look at some of the most popular reasons to refinance a commercial mortgage: 1. Cash-Out Refinance If a business owner has accrued a significant amount of equity in the commercial property, it may be possible to pull out a portion of it as cash to be used for other purposes. This can be an effective way to finance property repairs or improvements or even provide […]

The U.S. Department of Agriculture announced earlier this month plans to extend loan help to even more small business farmers, most notably by increasing the loan limits on its microloan program. Farmers with small to medium sized operations will now be able to apply for microloans up to $50,000, a $15,000 increase from the current limit. Microloans are small amount loans typically made to underserved populations, especially those that have a hard time obtaining financing with traditional lenders […]