lenders
Federal survey: Access to capital limited for younger firms
Officials with the Federal Reserve Bank of Atlanta recently indicated that lenders rejected more than half of companies less than five years old that applied for loans. The data was part of a national survey about small business access to capital: 16.8% received most of the capital requested, 14.5% received the same amount and 11.3% received substantially less from their lenders. Full article.
Micro-Lenders
Non-Bank lenders are a special group of organizations that cater to businesses other lenders overlook. Many commercial banks will not make commercial loans under $50,000, and are not willing to risk investing in very small start-up businesses or in loans not fully collateralized.
Cenla Entrepreneur’s Resource Fair Held 10/8/09
The Central Louisiana Business Incubator was the location for Cenla Entrepreneur’s Resource Fair, where local businesses and agencies gathered for a one-stop shop to provide information to people wanting to start their own business.
ENTREPRENEUR'S RESOURCE FAIR IS TODAY !!!! Oct 8, 2009
Our Entrepreneur's Resource Fair is TODAY!
Place: Central Louisiana Business Incubator - 1501 Wimbledon Drive Alexandria, LA
Time: 4:00 P.M. - 7:00 P.M.
CENLA Entrepreneur’s Resource Fair
Encore Performance ! Due to the success of our last Entrepreneur Fair, the Central LA Business Incubator will be the location for the latest CENLA Entrepreneur's Resource Fair, which includes an expanded list of resource providers and presentations. Date: Thursday, 10/8/09.
Entrepreneurs Turn to Alternative Financing
With banks tightening credit requirements, small business owners are turning to alternative financing, such as asset-based lenders (who make secured loans for purchases of equipment or inventory), factors (who buy unpaid invoices at a discount), and
