12 02-2014

Recognizing Lenders for Their Work: Utah Has It Right

By | 2017-09-14T11:21:16+00:00 February 12th, 2014|

The Small Business Administration gathered to honor Utah’s SBA lenders on Thursday, Jan. 23 for their outstanding participation in the SBA’s loan programs. SBA loans are an increasingly viable option for small business owners seeking capital at any stage of business. The Utah honorees included Large Zions Bank, Medium Celtic Bank, Small Rock Canyon Bank, [...]

15 01-2014

You May Still Qualify: Applying for a Microloan

By | 2017-09-14T11:21:17+00:00 January 15th, 2014|

Speaking to a lender for the first time can be a harrowing experience.  The future of your business may be riding on the interaction and you may have concerns about qualifying for the loan if your business is new or if you don’t have all the necessary paperwork the lender is asking for. However, for [...]

29 04-2013

Next Stop on the Access to Capital Road Trip: Chicago!

By | 2017-09-14T11:21:23+00:00 April 29th, 2013|

On October 18th, 2012, a catalyst occurred in Los Angeles, a catalyst that led to tens of millions of dollars in new small business loans. What happened that day, you might wonder. What one thing could be responsible for prompting millions of dollars of small business loans? I'll tell you. It was an event: Access [...]

17 04-2012

Community Development Financial Institutions Fund: What You Need to Know

By | 2017-09-14T11:21:29+00:00 April 17th, 2012|

Community Development Financial Institutions (CDFIs) are companies, certified by the US Department of Treasury, that offer access to capital to economically distressed communities.  The US Department of Treasury explains, "Through monetary awards and allocation of tax credits, the CDFI Fund helps promote access to capital and local economic growth in urban and rural low-income communities across the nation."  These companies may be banks, credit unions, [...]

27 03-2012

Community Involvement Helps Generate Capital

By | 2017-09-14T11:21:31+00:00 March 27th, 2012|

Getting involved with the local community is an excellent way to build brand awareness and credibility for your business.  According to Small Business Resource, "Most business owners are worried about making a profit rather than making good relations with the community where their business is located."  In actuality, a business's involvement in the community renders several benefits [...]

22 03-2012

The Importance of Solid Relationships With a Lender: Start Early Before You Need Them

By | 2017-09-14T11:21:31+00:00 March 22nd, 2012|

When you talk to lenders, often you will hear that lenders wish more businesses built ongoing relationships with them.  A strong relationship with your lender can be vital to the success of your business. Your lender should be someone who understands your business as well as someone you can turn to for advice. They should [...]

13 03-2012

The Power of Knowledge for Small Businesses Before Seeking Capital

By | 2017-09-14T11:21:32+00:00 March 13th, 2012|

According to Professor John Paglia, Pepperdine's Graziadio School of Business and Management, the top two issues that businesses face are economic uncertainty and access to capital.  The state of the economy has caused lenders to be more frugal with their lending and more cautious about whom they lend to.  Despite the state of the economy [...]