Press Release: Helping Small Businesses Obtain Financing

By: Small Business Finance Forum on 7:00 AM

Helping Small Businesses Achieve Big Finance: Financial Adviser’s Book “Solving the Capital Equation: Financing Solutions for Small Businesses” Guides Business Owners on How to Obtain Financing for Business Life and Growth

Atlanta, Georgia, July 30, 2013 –  According to a survey conducted by the National Small Business Association (NSBA) in 2012, “Small businesses have struggled to find reasonable, affordable capital.” With millions of small businesses in the country driving over half the sales in the United States, it's more important than ever for small businesses to find the capital they need to survive.  Author Tiffany C. Wright's book Solving the Capital Equation: Financing Solutions for Small Businesses deconstructs and examines various forms of capital for small business owners so they are able to find the funding needed to grow their business. 

Click here to read the rest of the press release.

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By: Small Business Finance Forum on 8:44 AM

This blog's author, Tiffany C. Wright (me!) is feature on Author and Book Buzz! Check it out.

Here is a snapshot of my feature!

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Part II: All About Franchising in a Nutshell

By: Small Business Finance Forum on 8:05 AM

Continued from Friday

The initial franchise cost is the onetime payment made by the franchisees in order to secure the new franchise. The royalty fee paid henceforth depends on the gross sales from different stores. A franchiser can make money through the franchise fee, sale of supplies and the royalty fees. In order to obtain the legalities of a franchise, one needs to consult a franchise lawyer and a consultant having good knowledge about franchising. The franchise lawyer will do the necessary paper work like franchise contract, register and drafting of franchise offering circular and the like. The right consultant on the other hand can help you with advertising, operation manuals, public relation materials and training programs.

If you are making a profit with your franchise business then you can always put the businesses for sale if you want to. You can get potential buyers who can strike a deal with you. But if you are not making enough profit then it is pretty difficult to sell your business in the market. There are also magazines available which are dedicated in providing data regarding the franchising business. You can get valuable information on business franchise through the internet. Find out more about exciting franchise opportunities Kansas City right here.

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All About Franchising in a Nut Shell

By: Small Business Finance Forum on 11:52 AM

All About Franchising in a Nut Shell

By Jamiee Parker

In simple terms, a corporation creates a franchise expansion system. Then a small business entity or individual enters into an agreement with the franchiser to become a franchisee. Typically, the franchisee obtains the use of the franchiser's trademarks and logos and broad-based market. The legal agreement protects everyone's interests. The franchisee pays an initial franchise fee then a royalty payment each month from then on.

Franchising is now an established business option. The use franchisees helps some large corporations achieve diversification. Franchising is increasingly popular in many different industries. With franchises, a business can create new business units. As per a recent survey, approximately one-third of total retail sales are made via franchise stores.

Owning a successful food or other franchise can be very comforting. However, potential franchisees must exercise caution when opening a franchise store in a new market. Sometimes the outcome does not meet expectations. As a business owner you can also consider franchising. For example, restaurant owners who want to expand their business can create franchise opportunities. Franchises would provide the solution to a shortage of management personnel or lack of financial resources to operate a chain of restaurants.

See the rest of the article on Monday, July 22.

Article Source: http://EzineArticles.com/?expert=Jamiee_Parker
http://EzineArticles.com/?All-About-Franchising-in-a-Nut-Shell&id=7823622

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Wells Fargo Is Top 7a SBA Lender Thus Far in 2013

By: Small Business Finance Forum on 12:25 PM

Wells Fargo FAQs for the 7(a) program.

Apparently Wells Fargo is the top SBA lender for fiscal year 2013. According to a press release issued by Wells Fargo, the company extended over 1,900 SBA 7(a) loans to businesses since the 2013 federal fiscal year began. Specifically, Wells Fargo approved these loans between October 1, 2012 and April 30, 2013. The aggregate value of the approved loans totaled $739 million. This was an increase of 16 percent in dollar terms and 10 percent in volume terms over the previous fiscal year.

The SBA 7(a) program is a loan guarantee program for for-profit small businesses with a tangible net worth of $15 million or less and average net income of $5 million or less over the previous two years. Through an SBA-approved lender the SBA guarantees 85 percent of the loan for loans up to $150,000 or a 75 percent guarantee on loans between $150,001 to $5 million.

The motto: If you are in the market for an SBA loan, check out Wells Fargo. In general, they get high marks for customer service. As always, approach a vice president or higher level NOT a branch manager. Although all SBA loans go through committee, a VP's input still holds more sway.

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MillerCoors MUES Business Plan Competition Rebranded: Miller Lite Tap the Future

By: Small Business Finance Forum on 8:00 AM

MillerCoors has decided to expand the MUES program by positioning it under the Miller Lite umbrella and expanding its reach. MUES will has evolved and will become-- Miller Lite Tap the Future, a program that fosters the bond in business by bringing great friends together to compete for a prize pool of $400,000. Tap the Future is scheduled to launch by this summer.

The competition will experience some changes as well as we are now planning to simplify the submission process. Following is a snapshot on how the contest will look like:

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Buddha quote for Struggling Entrepreneurs

By: Small Business Finance Forum on 5:21 PM

"In order to gain anything you must first lose everything." Buddha

For all of you business owners and entrepreneurs who have failed, are currently struggling or have struggled in the past, this wonderful quote is for you. excellent quote. Success is on the horizon, if you are not already there. Embrace the learning lessons embedded in any struggle and you will definitely succeed.

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Payables

By: Small Business Finance Forum on 5:03 PM

If your company has to stretch accounts payable because it is in trouble (i.e., having financial difficulties or cash flow problems), keep your vendors and suppliers informed! Please!! These financial difficulties could be a hiccup in a long and profitable history for your company. Treat it as such and update those that supply you. I

If your vendors and suppliers turn on you due to lack of communication and poor payment, your hiccup could become a disaster quickly. As with anything, when people notice things and crave information, they begin to draw their own conclusions and the rumors may fly. These rumors with no competing, true information can shorten your company's lifespan significantly.

By communicating frankly you will build your relationships with your vendors and suppliers despite the slow pays. Keep this in mind when your company encounters some distress or slight financial distress.

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