article thumbnail

9 Steps to Handle Business Loan Rejection

Up and Running

On the other hand, some of these are not easily fixable so you’ll have to look for alternative solutions to your financing problems. For example, even after that loan is paid, the investors who lent the money end up with one or two percent of your business, as shareholders. Explore other financing options. Get a co-signer.

SBA 163
article thumbnail

How to Get Funding for a Business

Up and Running

Most healthy businesses need business financing at some point. Startups have to deal with starting costs and ongoing businesses have to finance growth and working capital. Financing options depend on what kind of business you have. Don’t waste your time looking for the wrong kind of financing.

SBA 161
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Finance Options Are Ideal For Young Entrepreneurs?

YoungUpstarts

While it can seem impossible, there are several finance options available which can help; it’s just a question of making sure you choose the best option for your requirements and circumstances. If you’re confused about the finance options available to you, here are some of the most widely used for your consideration.

Finance 147
article thumbnail

10 Qualities of a Good Business Plan Explained

Up and Running

According to the United States Small Business Administration, there are approximately 32.5 million small businesses at the moment. The number fluctuates from year to year with businesses coming and going. If you want to remain profitable and thrive, you must have a plan to move forward. .

article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. The right time for drafting a founders agreement is in the early stages of business. Open a business bank account.

article thumbnail

Financing Your Business? Consider An SBA Loan

YoungUpstarts

Small business is the backbone of the U.S. Small Business Administration (SBA) Office of Advocacy. For these enterprises, securing funding can impact their ability to operate and grow, yet most small business owners do not fully understand all of the types of credit available to their business.

SBA 150
article thumbnail

Effective Ways To Obtain Small Business Financing

YoungUpstarts

Most businesses need startup capital to get up and running in order to properly sustain and grow their operations. In situations like this, small business financing is typically the best way to get a cash infusion to make it possible to run your company during the early growth stages.

Finance 150