Comments for Entrepreneur Resources: Small Business Blog» Entrepreneur Resources – A Small Business Blog

Comment on 3 Ways to Keep Track of Your Online Brand by Inner West LIVE

Inner West LIVE — Fri, 27 Aug 2010 07:37:50 +0000

employer repeller du jour…

I found your entry interesting thus I’ve added a Trackback to it on my weblog …

Comment on Financing Your Small Business by Dequiana

Dequiana — Sat, 21 Aug 2010 02:36:00 +0000

@ Christyn – Thanks for your perspective and for sharing the additional funding sources. You mentioned that Sam’s Club has a credit score requirement. Do you know if the IDA programs traditionally have credit requirements as well? Even though the programs may be limited, they look like good options for small business owners who wouldn’t qualify for a traditional loan. It can also promote the idea of saving for something important vs. spending everything that’s earned. Thanks again!

Comment on CocoaBabies by Dequiana

Dequiana — Sat, 21 Aug 2010 01:07:00 +0000

You’re welcome Nia. It was a pleasure to feature your business!

Comment on Why Outsourcing Won’t Kill Your Business by Dequiana

Dequiana — Sat, 21 Aug 2010 01:03:00 +0000

Thanks for your comment Justin! I think some business owners just never learn to let go. However, outsourcing key functions (like finance) allows business owners to focus on what they really love – interacting with customers or performing the company’s core services.

Comment on Beware of Fraudulent E-mails by Dequiana

Dequiana — Fri, 20 Aug 2010 20:44:00 +0000

With the recent influx of phishing and spam emails, I wanted to remind people of the tips in this article. Be wary of any email asking you to provide personally identifying information, such as your social security number, ATM PIN or mother’s maiden name.

Comment on Financing Your Small Business by Tweets that mention Financing Your Small Business |Entrepreneur Resources: Small Business Blog -- Topsy.com

Thu, 19 Aug 2010 16:38:04 +0000

[...] This post was mentioned on Twitter by Steve Rabago, Dequiana Brooks. Dequiana Brooks said: New Blog Post: Financing Your Small Business http://www.entrepreneur-resources.net/financing-your-small-business [...]

Comment on Financing Your Small Business by Website Rankings

Website Rankings — Thu, 19 Aug 2010 15:19:41 +0000

Well I found this on Digg, and I like it so I dugg it!

Comment on Financing Your Small Business by Articles » Blog Archive » What Can I Use A Laptop Data Card For?

Articles » Blog Archive » What Can I Use A Laptop Data Card For? — Wed, 18 Aug 2010 22:34:03 +0000

[...] like you.. Journal Prompt | Toliveinspired's BlogFinancing Your Small Business |Entrepreneur Resources: Small …5 Great Places For Stock Clipart and Photos | Host EarthHow much space for documents does our [...]

Comment on Financing Your Small Business by Lastest Entrepreneur auctions | Entrepreneur

Lastest Entrepreneur auctions | Entrepreneur — Wed, 18 Aug 2010 16:33:30 +0000

[...] Financing Your Small Business |Entrepreneur Resources: Small … [...]

Comment on Financing Your Small Business by Christyn

Christyn — Wed, 18 Aug 2010 15:35:00 +0000

As someone who works with lenders extensively, I thought this was a pretty good article and covered the general sources of financing small business. In regards to the loan option, its a HUGE misconception that the SBA is a direct lender. In many cases, they will guarantee a loan, but at the end of the day, the lending criteria is still set by the bank (no matter if the SBA guarantees 90% of the loan). Its not much of an incentive to a bank, whose ultimate job is to ensure that they are paid back.

I work for a non profit that is also a CDFI, a community development finance institution, and you would be amazed that people think that since we are a non profit, our loan program is like charity. The organization is Chicago Community Ventures (CCV), and our primary clients are women, minorities and businesses in low to moderate income areas of Chicago.

People, know your credit score, understand cash flow and more importantly, understand how you will pay the money back (and be able to convey that to the lender).

One source that people may (or may not) be aware of is Sam’s Club. They have partnered with Superior Financial to offer the Community Express/SOHO loan, under the SBA’s 7a program. Credit criteria is 680 – 700, loan amounts range from 5000 – 25k.

Another source is a Individual Development Account. Its a matching program, but you have to meet income requirements. For every $1 you save, you will receive between $2- $4 (there is a limit to the savings). Bethel New Life is the only program in Chicago that I currently know is funded. Funds can be used for very limited things, but starting/expanding a business is one acceptable use of funds.

If anyone has any questions about anything mentioned above, feel free to contact me or check out CCV’s blog http://www.chiventures.typepad.com