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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

by Wayne Titus, author of “ The Entrepreneur’s Guide to Financial Well-Being “ Entrepreneurs and small business leaders are trying to figure out how to navigate COVID-19, from how to apply for loans and assistance to FMLA regulations. How can businesses understand their options and develop a cash flow timeline?

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The Latest Questions Small Businesses Are Asking

Up and Running

Look honestly at all the pros and cons for this type of business venture. The local Small Business Development Center office is a resource that can assist with the venture feasibility process. What is meant by “company culture” and how is it important to my business? Analyze ways to overcome weaknesses and threats.

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8 Essentials To Qualify Your Startup For A Bank Loan

Startup Professionals Musings

Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Clean up your credit rating before you apply. Show a significant personal investment.

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8 Strategies To Improve Your Odds Of Getting A Loan

Startup Professionals Musings

Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Clean up your credit rating before you apply. Show a significant personal investment.

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8 Keys To Convincing A Bank To Fund Your New Venture

Startup Professionals Musings

Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Clean up your credit rating before you apply. Show a significant personal investment.

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. Business plan. CPAs get sued over bad audits. Collateral.

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How Entrepreneurs Qualify for Funding from Banks

Startup Professionals Musings

Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Clean up your credit rating before you apply. Show a significant personal investment.