IPO stands for Initial Public Offering. Referred to as taking a company public, the IPO involves a private company offering its shares to the public for purchase for the first time. Thereafter the shares become listed on a stock exchange and trade in the open market.Continue Reading
Chapter 11 is a type of bankruptcy that allows a business to continue operating while it reorganizes its financial affairs. Chapter 11 is also available to individuals, but not many individuals take advantage of it because it is labor intensive for the attorney and expensive for the client. Likewise for businesses. It is a fact that many businesses have used Chapter 11 to successfully turn around operations, but it remains a a messy, expensive, and time consuming proposition for most businesses.Continue Reading
If you are a service-based business owner, deciding what to charge for your time can be like looking for that elusive needle in the haystack. Because it is often so arbitrary, many small business owners undervalue their services when they first get started and don't charge the rates they deserve.Continue Reading
Crowdfunding in Canada is still in its taming the Wild West phase; you have a lot of crowdfunding companies who would love to colonize the space hurling themselves at the regulatory barbwire.
And now Kickstarter has joined the fray with six-shooters blazing.
While banks like to roll out press releases announcing their commitment to lending to small businesses and patting themselves on the back for the amount of small business loans they’ve already provided, the truth of the matter is: they don’t like to do it. So they don’t much.Continue Reading
When banks start to tighten lending to the small business market, they look to reduce the risk of issuing a small business loan. To qualify, a small business must understand the risk assessment processes bankers use in loan determinations. Bankers making a loan approval will review a small business in the context of the 5 C's for small business loans and credit as follows.Continue Reading
It happens everyday. Well-prepared entrepreneurs are walking into the banks with brilliant business ideas backed by well developed business plans — and are walking out empty-handed. Financial institutions are notoriously reluctant to provide debt financing to small businesses unless adequate collateral is available. Fortunately many of these professionals are ultimately able to obtain small business financing from private lenders, such as Tom McKenzie, through business capital brokers.Continue Reading
A small business loan is an amount of money borrowed from a financial institution by a small business person to start, run, or expand a small business.Continue Reading
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