Should you obtain a home equity loan or home equity line of credit to fund your small business? Starting a business requires money, typically more than most people have been able to save or can easily borrow from friends and family. So, lacking ready cash, they often turn to their biggest assets, the equity in […]
After months of searching for financing, one Indian immigrant found funding through Intuit’s Loan Finder. Last year Khush Hans realized he had to do something about his company’s cash flow. Because of rising fuel prices, the customers patronizing his five ARCO gas stations and convenience stores had started to cut back on purchases of higher-margin items or […]
Immigrant entrepreneurs are a key part of NYC’s economy and corporate leaders have contributed millions to help new businesses grow After a successful career in investment banking in New York and London, in 1999 Maria Gotsch joined the Partnership for New York, where today she administers the Partnership Fund for New York City, a capital pool of roughly […]
Of all the ingredients in a successful business, access to credit is the most frequently overlooked. Credit is, quite simply, the engine that builds big businesses out of start-ups, and makes the American dream possible. “How far your business goes often depends on how well you manage your credit.” Do you have to establish […]
Loans and investments from your biggest fans can be easy to get, but make sure they don’t damage your relationships. It’s not surprising that one of the first places many immigrant entrepreneurs turn for small-business financing help is to friends and family. The folks who know you well may be willing to give you a […]
Is an angel investor right for your business? When start-ups are too big for friends and family, but not big enough to attract venture capital, they turn to private investors called angels to take their companies to the next level. 1. What is Angel Investing? Angels are private investors who will give you startup money […]
It’s not easy to borrow these days—but it’s still possible. Not long ago, the first place many entrepreneurs turned for funding was their bank. That’s changed since the credit crisis hit the United States. With many banks struggling for survival, it can be tough for even seasoned business owners with a strong credit history to […]
Immigrant entrepreneur Aziz Makhani parlayed common assets like savings, sweat equity, friendship and enthusiasm into the realization of a special dream — to teach American kids how to play world-class soccer. Like many immigrant entrepreneurs, Aziz Makhani didn’t need millions of dollars to launch his big idea. To make KickShot, his soccer board game, a […]
Selling your company can be the fulfilling end to a long journey, a brief rest before taking the next step, or a deal you’ll regret the rest of your life. Mad Mimi co-founders Gary and Dean Levitt provide some insights to help you come out on top. Today when tech startups with paper valuations worth […]
Manage and maintain the credit you’ve worked so hard to establish in five easy steps. Your credit score is a measure of your financial responsibility. It is a three-digit number, between 300 and 850, that is statistically derived from your payment history and credit report. The main portion of the credit report is made up […]
