"Sooner or later, those who win are those who think they can."Paul Tournier
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Bad Credit Mortgage Refinancing - Refinance And Improve Credit
Many homeowners have a goal of improving their credit. Despite efforts to maintain a good credit rating, situations arise that can have a damaging affect on our credit. A common problem involves acquiring too much debt. In this case, some homeowners are ...
Cash Out Refinance – Home Equity Mortgage Loan or Cash Out Refinance
There are some definite benefits to doing a cash out refinance. Just make sure that overall you are not going to be spending more money in fees and interest doing a cash out refinance as opposed to a home equity loan. When you do a cash out refinance, you ...
Why Refinance Back into a 30-Year Loan?
Why Refinance Back into a 30-Year Loan?Refinance Your Mortgage for Rate and Payment Reductions By Jansen Drake, CMS1st Metropolitan MortgageMarietta, GA – One of the biggest reasons homeowners refinance their mortgage is to obtain a lower interest ...
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While most companies seeking venture capital initially think about angel investors and venture capitalists, a large alternative source of financing is federal grants and loans. The two largest federal grant programs are run by the Small Business Administration (SBA), and by Small Business Investment Companies (SBICs).
An SBA loan, regardless of whether it is a direct loan from the SBA, or, as is more common, a bank loan guaranteed by the SBA, is essentially a bank loan. The benefit of it versus a traditional bank loan is the rate. SBA rates are typically much less than traditional business loan rates.
In most cases, in a guaranteed SBA bank loan, the SBA guarantees 90 percent of the loan will be repaid to the bank. As such, banks are at much less risk than in most other loans, and are a bit more flexible with regards to who they offer these loans. However, the SBA usually requires the founders of the company to personally guarantee the loans, which makes them risky should the venture collapse.
Alternatively, Small Business Investment Companies (SBICs) are privately organized corporations that are licensed and regulated by the SBA. Small or emerging businesses which qualify for assistance from the SBIC program can receive equity capital and/or long-term loans from these companies. Essentially, these companies provide their own capital, which is supplemented by federal funds, to the companies they fund.
Interestingly, U.S. taxpayers benefit from the SBIC program as tax revenues generated from successful SBIC investments have more than covered the cost of the program. Likewise the program has created hundreds of thousands of jobs.
In summary, SBA and SBIC financing are viable alternatives to financing from angel investors and venture capitalists and should be considered in the capital raising process. Similarly to angel and VC financing, companies seeking SBA and SBIC financing need a strong management team and value proposition, and a highly professional and compelling business plan in order to raise the capital they need.
About the Author
As President of Growthink Business Plans, Dave Lavinsky has helped the company become one of the premier business plan development firms. Since its inception, Growthink has developed over 200 business plans. Growthink clients have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share.
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 Investors Await More Dismal Job Numbers - KOAT 7
The number of people continuing to draw jobless benefits is projected to stay near 4.5 million, demonstrating the troubles the unemployed are having in finding new jobs. Just days into the new year, managed care provider Cigna Corp., aluminum ...
Market Chatter -- Corporate finance press digest - Reuters
* Swiss bank Union Bancaire Prive is threatening to pull several billion dollars of investments from large U.S. hedge funds because they do not use a full-time independent administrator, the Wall Street Journal said. The Swiss bank is facing hefty ...
Guaranteed Credit Scored Special Finance Leads for Auto Dealers - PR.com
Charlotte, NC, January 08, 2009 --( PR.com )-- DealerLink, the industry’s leading provider of exclusive special finance leads and auto leads, recently announced the launch of its newest product, Guaranteed Credit Scored Leads. This exciting and ...
BRIEF-C&C says Dwan retires as finance director - Forbes
Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Neither ...
C&C appoints Glancey as finance director - Irish Times
C&C Group, the Irish maker of Magners cider, said this morning that finance director Brendan Dwan will retire in May and be replaced by Stephen Glancey. Mr Glancey will retain his role as chief operating officer, C&C said in statement
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