Naperville Business Attorney on Your LLC and Personal Bankruptcy

When you are looking to start a business, there are a number of things to consider. Of course, you want to be sure that you will be offering products or services for which there is plentiful demand. You will need to be certain that you can meet the needs and expectations of your customers. Once […]

Know the Risks of a Personal Guarantee for Your Business Loan

For many small business owners, especially those who are just starting out, avenues for raising operating capital may be rather limited. If you are in such situation, you may have no choice but to apply for loan that requires you to offer a personal guarantee of its repayment. Over the years, many of my clients […]

Is a Small Business Loan the Right Decision?

It’s common knowledge that small businesses need capital and other resources to both commence operations and to keep things going. Regardless of the amazing business model or innovative ideas that someone possesses, they will need money to make these concepts a reality. Small business owners and entrepreneurs can pursue capital from a variety of sources […]

Wells Fargo Announces Plan to Lend $100 billion to Small Businesses

Following the 2008 financial crisis, many financial institutions were conservative when it came to extending loans to budding new businesses. In recent years, the provision of small business loans and other financial assistance to emerging entrepreneurs has become a key goal for both private and public institutions throughout the country. Nowadays the prevalent view is […]

New Small Business Administrator Appointed to United States Senate

Earlier this week the year-long search for a new Small Business Administration (“SBA”) leader ended with the appointment of Maria Contreras-Sweet. Contreras-Sweet was nominated by President Obama, and was confirmed this week by the U.S. Senate. Many believe that Contreras-Sweet’s appointment will breathe a breath of fresh air into the SBA, while also encouraging the […]

504 Loans Offer Alternative Sources of Financing for Illinois Businesses

New relief is coming to small business owners in Illinois who are looking for inexpensive, high-quality financing from lenders they can trust. This year the Regional Development Company (“RDC”), a highly respected regional community development organization, will be extending its reach into Illinois. What is the RDC? The RDC is a federally certified business development […]

Types of Business Loans Offered by the Small Business Administration

The Small Business Administration (SBA) is a government run organization designed to help small business in all stages of a business’ life cycle. One of the most crucial stages in any business, and one in which the SBA can be especially helpful, is in the financing stage.  The SBA offers several different kinds of loans […]

Funding to Start a Small Business

You don’t have to be a self-made millionaire or come from money to start a business. In recent years the number of entrepreneurs across the country has skyrocketed. According to Forbes magazine, “as of March 2011, there are an average of 320 new businesses launched every month, for every 100,000 U.S. adults.” That breaks down […]

Businesses Have Other Alternatives Than Taking Out Bank Loans

Small businesses have been struggling through these tough economic times, but now there are options other than taking out bank loans. A recent New York Times article came up with some creative alternatives to help out small businesses that are struggling. A lot of these alternatives are, however, more expensive than traditional bank loans. So […]