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Start offering consumer financing to your customers and increase sales by 25%   Oct-13-2008 iBill, Inc (www.iBill.net) is a groundbreaking financing option that will allow any of the 165,000 new small and home-based businesses that are formed each month across the U.S. to start offering consumer financing to their existing and potential customers without any qualifications needed from the business. This is something that has never been offered to businesses of this size and because of that we believe we will see enormous results within just a few short months. iBill has develope... more...

Your business plan can make or break your chances of obtaining a small business loan   Sep-18-2008 Many small business owners find that one of their most difficult tasks is finding the money to operate their businesses. Sooner or later most seek to obtain a small business loan. Clinching the loan deal requires demonstrating that providing you with a small business loan is a low-risk proposition. The most important task to obtain a small business loan is preparing a business plan. When evaluating your loan application, most lenders will look at your personal credit history, business plan, ... more...

Small businesses worry over rising costs   Aug-20-2008 Article from The New York Times Small Business section:Problems, We've Got ProblemsArticle by Paul B. BrownPublished August 18, 2008 New York Times Small Business sectionSummary:  A survey of 3,530 small business owners conducted by the National Federation of Independent Business and Wells Fargo, found that for the first time the biggest problem facing small businesses was the 'expense of being in business'.  Traditionally the high cost of health care is the number 1 concern of small b... more...

Higher costs are taking a toll on small business   Aug-20-2008 Article from The New York Times business section:Higher Costs Are Taking a Toll on BusinessArticle by Michael M. Grynbaum and Peter S. GoodmanPublished August 19, 2008 New York Times Business SectionSummary:  The articles premise is based on data released from a survey by the Labor Department which highlights that rising prices have infiltrated much of the economy, now both businesses and consumers are being forced to pay higher prices for produc... more...

Three people every small business owner should know.   Aug-13-2008 Three people every business owner should know.Statistics have shown us that nearly 6 in 10 new businesses will fail within the first 5 years of business.  Start ups fail for many reasons: poor financial management, failure to plan properly, lack of good marketing, to name just a few reasons. After all, initially someone goes into business to provide a specific service or product, not to know how to run a business.A common mistake made by many business owners is not seeking out the advice of... more...

The fed reports tightening lending standards for business loans   Aug-11-2008 Yahoo News Business Article:Federal Reserve Finds Deepening Credit CrisisArticle written byMartin Crutsinger, AP Economics WriterPosted August 11, 2008Summary:  The Federal Reserve reported Monday the findings from a July survey of banks and other lending institutions.  The new survey has found that a majority of banks have significantly tightened their lending standards across the board.  Changes in lending standards was initiated because of the subprime mortgage market... more...

Hundreds of banks will fail, Roubini tells Barron's   Aug-06-2008 Article posted on Reuters Business & Finance section August 3, 2008Reporting by Robert Macmillan, editing by Martin GolanSummary:  Mr. Roubini is reminding Americans that even with the government bail out of major banks, our economy is still working itself out.  We are in a darwinian state of the economy, only the big and strong banks will probably survive, but banking on the local level will drastically change.  Because of the faultering of local community banks and governmen... more...

The Myth: Free money for new businesses   Jul-30-2008 BusinessWeek article:Busting the 'Free Money' MythSearching for a government grant or no-interest loan to start a business? Don't waste your time Article by Kerry Miller from February 27, 2008 BusinessWeek"Still, the myth of abundant 'free money'  to start a small business has stubbornly defied debunking for decades" Summary:  Article talks about the common myth being perpetuated that if you have a business or a good idea for a business there is money available... more...

B2B Credit to offer small business financing in addition to business credit services   Jul-29-2008 (PRWEB) July 30, 2008 -- B2B Credit, Inc., a financial services firm specializing in helping new business owners build business credit, has partnered with iBill Inc., to offer small business financing to B2B's customers. Through this new partnership, B2B Credit will be able to offer their business credit building program as well as shelf corporations and business plans to people who might not have the funds available to start the program. "We're very excited to have iBill as a tool we can u... more...

Worried banks sharply reduce business loans   Jul-28-2008 NY Times Article:Worried Banks Sharply Reduce Business LoansArticle by Peter Goodman from July 28, 2008 NY Times  Summary:  Article states that because of past indiscriminate lending by banks in the mortgage industry the pinch is being felt across all areas of the lending market.  Even well established profitable small businesses who were once welcomed customers to bankers, are now being turned away because of more cautious and scrutinized lendin... more...

Shelf Corporations on the rise   Jul-22-2008 An increasing number of  customers are choosing to purchase a “shelf corporation” rather than self-incorporating. A shelf company, otherwise known as an “aged company,” is an incorporated business that has had little or no business activity. Purchasing and utilizing a shelf corporation can allow you to:•    Shorten the lead time for incorporating your business•    Be able to bid or present your business in an arena where candid... more...

Top 10 reasons to establish business credit   Jul-21-2008 Many business owners make the mistake of using their personal credit to fund their businesses. Here are the top 10 reasons why establishing business credit is a better idea.The old adage that it 'takes money to make money' is trueAcross the country, the top 10 reasons to establish business credit are:1.   Reduce Personal Liability and Risk. Establishing separate business credit reduces the business owner's personal liability for the company's financial commitments.2.   Avoid ... more...