IndusInd, Yes Bank say exposure to ‘large mortgage lender’ secure

MUMBAI : Following a 34% fall in the shares of Indiabulls Housing Finance Ltd on Monday, Yes Bank and IndusInd Bank said in separate statements, without naming the non-bank, that their exposure to a large mortgage lender is fully secured. Shares of Indiabulls Housing nosedived to an over five-year low after the Delhi […]

Cash maketh the SMB: How to ensure your small business always has cash in the bank

In the words of a successful entrepreneur, profit may be optional, but cash is mandatory. All decisions regarding customers and contracts impact the amount of cash the business generates. SME owners dislike losing orders. The fear of losing the order occasionally clouds decisions about the order profitability or its capability to […]

Sky’s The Limit? Big Bank Lending for Small Businesses Just Keeps Climbing

Lending to small businesses from big banks ( those with $10 billion or more in assets) and institutional lennders continues to climb according to a recently released Biz2Credit Small Business Lending Index report for October. The report indicates that loan approval rates at big banks improved to 23.5 percent, which […]

83 Percent of Entrepreneurs Get Support from Family, Bank of America Study Says

Family support is crucial to succeed as an entrepreneur. Luckily, most business owners have the necessary backing from home. That’s according to a new Bank of America (NYSE: BAC) study. The Fall 2016 Bank of America Small Business Owner Report (PDF) has found 83 percent of entrepreneurs say they receive […]

Can’t Get a Loan from a Bank? Here are Alternative Funding Options

Securing funds to either start or grow business was once every entrepreneur’s worst nightmare. In the past, big banks and credit unions often rejected loan applications, leaving business owners with the only option of borrowing from friends and family or borrowing against receivables. A lot has, of course, changed mainly […]

Can’t Get a Loan from a Bank? Here are Alternative Funding Options

Securing funds to either start or grow business was once every entrepreneur’s worst nightmare. In the past, big banks and credit unions often rejected loan applications, leaving business owners with the only option of borrowing from friends and family or borrowing against receivables. A lot has, of course, changed mainly […]

How to Secure Financing for Your Small Business at a Traditional Bank

Banks are the largest lenders for small businesses across the United States. But getting a traditional bank loan for a small business is often a huge challenge. About 72 percent of small businesses that apply in fact get rejected. That’s because traditional banks require businesses to meet several criteria to […]