Comments on: More Small Business Owners Plan to Seek Bank Loans

By: Equipment Leasing

Equipment Leasing — Thu, 26 Jul 2012 21:31:00 +0000

For whatever reasons, not all businesses may qualify for bank loans. There are always alternatives, which don’t have the same requirements as banks. Balboa Capital is a leader in the equipment financing industry and we work with small and medium sized businesses throughout the whole United States. Each business we work with is provided a customized lease, depending on their situation and financing needs. We have a successful track record and have been around for over 20 years. Hopefully the economy will pick up soon enough, but until then the situation is tough for many people. A positive mindset also has a lot to do with business success, and that is an idea that Balboa Capital has always maintained.

By: BizPlanCompany

BizPlanCompany — Sat, 21 Jul 2012 01:44:00 +0000

Bank lending is still viable if the guarantors are very solid. If collateral is lacking, we suggest seeking out those lending institutions that are active with utilizing SBA guarantees.
P2P lenders still remain viable for smaller loans and we have had several clients successfully fund businesses via this route.
Equity can be tough but we have had some clients secure equity funding from the crowd funding platforms.
It is a difficult environment out there and first impressions are important, make sure you put together a solid and professional funding proposal and business plan before hand.
Best of luck to everyone.

By: Phanio

Phanio — Wed, 11 Jul 2012 03:03:00 +0000

The thing is, will the banks provide the needed financing? And, if not, where will they (the 68%) turn to next? I think you stat of 68% is a bit off. Why? Because most small business owners think that bank loans are their only option – and they are so wrong. Many other options and many of these other options are better options.