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Loan Options

I saw an interesting article on Inc.com discussing some of the small business loan options available. The list was by no means exhaustive, nor was it meant to be. It contained sufficient options and enough data about those options to get you to thinking creatively and help you to realize that there are other options besides bank financing if your company just doesn’t qualify for any bank’s business loan yet. In other words, it was my type of article. Here’s an excerpt:

“The good news: Recently, government initiatives, such as the Small Business Jobs Act, have bolstered small businesses and freed up lending lines—and the proof is in the numbers. In Capital One Bank’s 2011 survey, 85% of U.S. small business owners said they were able to get the financing they needed.”

Go to the article, The New Rules of Getting a Loan, to read more. (One comment. This title is a misnomer. The rules are not new. They may be stricter but otherwise they’ve been this way for years. And the article mentions a staggering drop in small business lending. If a 10% drop is a staggering drop especially in a recession, then what would the author call a 20% drop, ‘earth shattering’? Remember when you read the article that journalists use inflammatory language to engage you and get you to read the article.)

Hope you are enjoying your 4th of the July weekend! (assuming, of course, you reside in the US)

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About Tiffany C. Wright

Hi! I,Tiffany C. Wright, am the author of the ebook, "Help! I Need Money for My Business Now!!" and the book "Solving the Capital Equation: Financing Solutions for Small Businesses", available on Amazon. I am the president of Toca Family Business Services, a short-term & project-based interim management & strategic and financial advisory firm, located in Atlanta, Georgia. In the past five years I've helped small and medium companies restructure and obtain over $31 Million in financing and a similar amount in purchase orders and contracts. I have an MBA in Finance and Entrepreneurial Management from the Wharton School of Business at the University of Pennsylvania and a B.S. in Industrial and Systems Engineering from The Ohio State University. Personal: I enjoy investing. I am a prodigious reader of everything from business books, magazines, and newspapers to horror and popular fiction. I read 4-6 books per month. I also love to travel. I've been to 33 countries on 5 continents and lived in Japan for 2.5 years and aim for a foreign locale twice a year. I am also an athlete and run track on the Master's Circuit. The highlight was placing 7th in my age group in the 2007 World Master's Track and Field Championships in Italy.

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The Resourceful CEO, Tiffany C. Wright

the president of Toca Family Business Services, a strategic and financial advisory firm which provides short-term & project-based C-level management. She is the author of Solving the Financial Equation: Financing Solutions for Small Businesses, available on Amazon.

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