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Understanding the State Small ...

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What Is It? On September 27, 2010, President Obama signed into law the Small Business Jobs Act, creating the State Small Business Credit Initiative (SSBCI) and bolstering state programs that support small-business lending with a $1.5 billion federal grant. The State Small Business Credit Initiative is expected to help ...

Must-Have Tools to Boost Your ...

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1. The All-Powerful X-Factor. Make sure that your company does something better, or at least different, than your closest competitors. Every growing small business needs an x-factor, a product or feature or gimmick that sets your brand apart from the competition. Identifying potential “key differentiators” isn’t ...

Online Tools Can Help Maximize ...

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Online Tools Empower Business Owners First, the good news: the most powerful tool for managing small-business credit is only a click away. Your business credit file is a dynamic document: it changes every single time you make or miss a payment, and every creditor will thoroughly examine your credit scores and ratings ...

Understanding Recourse and Non ...

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Two Sides of the Factoring Equation As defined by Investopedia, factoring is a form of asset-backed financing, a financial arrangement in which a company leverages receivables in order to obtain credit from a third party financier known as a “factoring agent.” Typically, a business owner will sell his receivables ...

Working Capital 101

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Managing Working Capital, Improving Credibility Working capital is defined as the net difference between your company’s current assets and current liabilities. Your current assets are typically highly liquid, meaning they can be converted to cash in a short amount of time and at minimum expense to your business. ...

Selling Out? Zipcar’s Story ...

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What Happens When a Small Business Hits the Big Time? Zipcar’s meteoric rise came to a dramatic conclusion on January 2, 2013, when Avis Budget Group announced that it would be purchasing the Cambridge-based startup for about $500 million. Founded in 2000, Zipcar is a membership-based car sharing service that ...

You’ve Got to Shop Around: B ...

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Moral Hazard and the Small-Business Credit Crisis Ever since the financial crisis of 2008, the issue of credit availability to small businesses has garnered significant attention from the media, economists, and entrepreneurs themselves. Credit equilibrium models that point to moral hazard (defined by Investopedia as, ...

Rebuilding After Bankruptcy

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The Next Chapter If there is one word that sends shivers down the spines of business owners everywhere, it is “bankruptcy.” But if your business is failing financially and you can’t pay your creditors, then it is critical that you understand exactly what bankruptcy means for business owners, their employees, and ...

Alternative Financing Options ...

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Creative Funding for Creative Entrepreneurs When the financial seas grow rough, small-business owners must often rely on creative sources of financing to survive the storm. Some common “alternative” financing options have been around for decades, others leverage new and emerging technologies to help cash-strapped ...

How to Maintain Good Business ...

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So you have made smart moves when it comes to establishing your business’s credit rating, and seen the doors of financial opportunity open for your company. Congratulations. Building business credit is an excellent item to check off your list of successful business necessities. But the work is not done. Building ...