Lines of Credit

Score with Your Business Credit Report

Capital Solutions Bancorp — Mon, 03 Oct 2011 12:23:00 -0400

If you need financing services or a bank loan, your credit score will be a big player as creditors use it to determine your company's credit worthiness. Creditors often review a company's credit report whenever the company requests a line, takes out a line of credit or applies for a credit card.

How a Small Business Can Get More Cash Upfront

Capital Solutions Bancorp — Mon, 19 Sep 2011 11:44:45 -0400

A successful event management business has nine employees with an income of $2.7 million in 2010. Despite its success, the owner is struggling to get enough cash up front to prepare for its upcoming projects. The Globe and Mail article describes how this successful small business finds itself in this situation in spite of landing bigger and more projects.

5 Ways to Manage Cash Flow

Capital Solutions Bancorp — Fri, 26 Aug 2011 12:02:52 -0400

Cash and profits don't go hand in hand, thus the lack of cash can force a profitable company to go bankrupt. The cash flow problem comes from not having a balance between the timing of the cash entering and exiting the business. When cash doesn't come in routinely, a profitable company can fold because it doesn't have enough cash to pay its employees and regular expenses.

How Expenses, Debt and Accounts Receivables Affect Cash Flow

Capital Solutions Bancorp — Mon, 22 Aug 2011 09:17:10 -0400

A financial statement can show a business has $100,000 when in reality it has much less. Not all financial reports show how much cash a company has in its hands. So a company with plenty of customers and sending out regular invoices could be close to bankruptcy. Take a look at these stories from Basics of Accounting Are Vital to Survival for Entrepreneurs.

Before You Pursue a Small Business Loan ...

Capital Solutions Bancorp — Tue, 19 Jul 2011 13:31:07 -0400

Before seeking a loan, do a review as suggested in 5 Ways Small Businesses Can Get a Loan. This means considering two things. First, the cash may be available somewhere in your business.

5 Ways Small Businesses Can Get a Loan

Capital Solutions Bancorp — Mon, 11 Jul 2011 10:53:35 -0400

The Small Business Administration (SBA) reports that the value of small business loans has plummeted by a massive $60 billion between 2008 and 2010. The previous post, Loans to Smaller Businesses Continue to Drop, also cites studies reporting that banks have approved fewer loans to small businesses.

Banks Approving Fewer Loans to Smaller Businesses

Capital Solutions Bancorp — Wed, 06 Jul 2011 14:32:16 -0400

Businesses expected more loans to be available in 2011. Unfortunately, the opposite happened. Outstanding loans from banks to small businesses dropped by over 8 percent according to the Federal Deposit Insurance Corporation. Federal Reserve Bank of Kansas City's analysis revealed that outstanding loans from banks to small businesses plunged by 14 percent.

Is Bank Financing Easier or Harder for Small to Medium Businesses?

Capital Solutions Bancorp — Fri, 24 Jun 2011 16:51:53 -0400

"It depends." Honestly, that's the answer to the question of whether bank financing small to medium businesses is easier or harder. Unfortunately, it's almost impossible for small- and medium-sized companies to get any new financing from a bank. They may even struggle to keep the current line open.

Buy a Company

Capital Solutions Bancorp — Mon, 23 May 2011 10:45:18 -0400

Buying a competitor gives you the opportunity to merge the two company's strengths and reducing or eliminating weaknesses. The hard part is integrating the two company employees, resources and cultures to turn them into a single company with seamless operations.

Another way to grow your business is to buy a company that has products or services that round out yours. For both scenarios, owners and executives still need to think about other areas before buying the company.