Business Loan

Is a Specialty Lender Right for Your Business?

Capital Solutions Bancorp — Fri, 25 Jun 2010 01:00:00 -0400

Six banks turned down one vet startup. But the seventh one approved the loan request. What made this bank different? Not only did it tend to approve more startup loans than rival banks, but also it was familiar with the veterinarian industry.

The Danger of Payday Loans

Capital Solutions Bancorp — Sun, 19 Apr 2009 09:10:00 -0400

Payday loans are short-term cash loans that you pay back on payday. Borrowers write a check for the loan amount plus the finance charge to get cash. Lenders hold the check until payday and deposit the check. The interest rate for two-week payday loans can range from 390 to 780 percent! So for every $100 they loan you, you owe $15 to $30 in interest. It won't take long for the number to get big fast and exceed the amount of the original loan.

Small Business Administration Loan Updates

Capital Solutions Bancorp — Fri, 03 Apr 2009 09:48:08 -0400

In an effort to help small businesses, President Obama has released a federal guarantee on small business loans up to 90 percent. However, some say there isn't enough oversight for the program. The Wall Street Journal explains that the "credit elsewhere" program targets troubled small businesses and dumps the loan fees that pay for the project.

Contract Renegotiation, Bank Loans, Funding and Cost Savings

Capital Solutions Bancorp — Fri, 06 Mar 2009 06:56:41 -0500

Many businesses are taking advantage of difficult times to look at their current contracts and agreements to see if they can get a better deal. Small Business Research Board publishes the Small Business Index to track small business issues in the US and Canada. It also tracks national and regional small business trends.

Small Business Administration (SBA) Loans Drop

Capital Solutions Bancorp — Tue, 03 Mar 2009 01:51:10 -0500

With the economy in doldrums, businesses find they have fewer options for business loans. SBA, usually a viable option for many businesses, now struggles to help small businesses.

Cash Flow Remains Key to Receiving Loans

Capital Solutions Bancorp — Thu, 08 Jan 2009 18:44:58 -0500

A great credit score above 700 can help a business get a loan—not necessarily with a bank. Small Firms Get Local Loans quotes a local credit union lender who says cash flow trumps credit score when looking at financials.

The article tells the story of a restaurant chain owner who struggles to get a loan from any one of nine community banks. She wants to expand her business and many believe that the downturn hurts restaurants leading to many closings.

What's the Difference between VC, Angel, etc.?

Capital Solutions Bancorp — Wed, 15 Oct 2008 11:37:55 -0400

Article after article about the small business' struggle to get a bank loan appears in newspapers like The Washington Post, The Wall Street Journal, and Business Week. We know how bad the economy is and the subprime mortgage mess has left many banks tightening their loan processes (read: longer, less likely to qualify, and more paperwork).

Why Capital Solutions is the best choice for you

Capital Solutions Bancorp — Sat, 02 Aug 2008 20:41:23 -0400

If you are like many of the companies considering us, you may be also considering one or more of our competitors. That is a smart thing for you to do. We want you to make an informed choice that is best for you and for your company.

Business to business companies like yours improve their cash flow with Capital Solutions

Capital Solutions Bancorp — Sat, 02 Aug 2008 20:39:15 -0400

You receive the financial services you need to reach your full potential whether you're a...