Phoenix Small Business Investing, Funding, Loans and Financing

By: Lou Wallace

The time seems to have passed quickly and it is interesting to look back over those fourteen years and reflect on how business has changed.  Shortly after starting Performance the economy took a turn for the worse and all of us in Arizona struggled through the real estate problems and Savings and Loan failures.  People still talk about the RTC debacle.  But Arizona businesses survived and they weathered the storm by making all of the right moves to cut costs and become more efficient.

Today it seems like we are all struggling again to survive.  Arizona has many problems and has been in the headlines nationally for some very controversial reasons.  It sometimes reminds me of a quote I heard a long time ago that went “when everyone is against you, you can be sure you are completely wrong………or completely right” Only time will tell where Arizona will come in the end.

One thing I am sure of is Arizona will be fine and our business community will be stronger than ever.

By Lou Wallace

One of the major failings of most businesses is the lack of accurate financial information.  What these business owners don’t understand is that current and accurate financial information is the first thing and lender will want to see and if it isn’t up to par, well you know the old saying about its hard to make a good impression the next time.  Read the rest of this entry »

By Lou Wallace

The magic of turning the calendar page brings new inspiration to everyone.  Reflection on the past year turns to focus to the New Year.  At the top of everyone’s list of questions for 2009 “How can I grow my business?”  Read the rest of this entry »

By Lou Wallace

Where to find working capital is a problem that plagues all business owners.  Whether to seek an “Angel” Investor or find a commercial small business loans through an Asset Based Lender or traditional banking source.  The difference is dramatic.  Read the rest of this entry »

By Lou Wallace

This seems to be a question a lot of small businesses are asking themselves these days.  The simple answer is yes.  While most of the Banks are obviously experiencing financial problems, others are not and there is money available for small businesses.  Most small businesses feel they need to deal with conventional Banks.  This does not present a problem in good times for most small businesses but is an absolute challenge in an economic atmosphere like we are experiencing today.  Banks tend to be fickle and swing the pendulum from loose credit to no credit very rapidly.  When times are good banks love small businesses but let times get rough or let the small business have any type of financial glitch and the Bank is no longer a friend.  They all preach relationship as long as it is one sided Read the rest of this entry »

By: Lou Wallace

There has been much to do recently in the media about the “credit crunch”.  Article after article has appeared telling the general public Banks have quit lending and it will be hard for people to get credit.  While we don’t need to go into the minute details of how’s and why the banks are not lending, the reality is they have shut off the credit spigot. Read the rest of this entry »

By Stephen Bush

Contingency planning (“always have a Plan B”) is likely to help small business owners avoid complex problems. But when it comes to commercial loans and commercial mortgages, working capital strategies often fail to include adequate attention to contingency plans and what can go wrong. Read the rest of this entry »

By Milton Franklin

Unsecured Lines of Credit are an excellent financing alternative that business owners can utilize to replace their frozen home equity lines of credit. These lines of credit will be more advantageous than business loans because, like credit cards, interest is paid only on the outstanding balance. With two years in business and a 680 or above credit score, business owners qualify for up to $1 million with full documentation. Applications can be approved for up to $350,000 with no documentation. Read the rest of this entry »

By  Andrew Bake

Business may be defined as an act of transaction between goods and money. A business can never be flourished without strong financial base. Most commonly, business run on credit. Manufacturing of goods, shipment and payment to the employee all are done prior to the payment released by party. Read the rest of this entry »

By Gaston Castro

In today’s marketplace there are many ways for a person to get money for a business they might want to start. They can go to their friends and relatives for money or they can pull out a personal line of credit in order to fund their business. There are many other options available as well, one of which is known as the business loan. Read the rest of this entry »