Small Business Loans For Start Up Businesses – Last month, four researchers (and business/finance professors from the University of Texas, University of California, Los Angeles, and New York University) asked “How important is credit to small business success in America?” published a study titled
Small Business Loans For Start Up Businesses
Small business loans are critical to startup success, study finds. The study results are not surprising and they are consistent with many market data that have been discussed for a long time. When properly acquired and used properly, small business financing can help businesses grow. A closer look at small business loan research
Loans And Lines Of Credit As A Way To Fund Start Ups And Existing Small Businesses
The panel reviewed five-year startup loan applications from Asian Texas, a lender that provides capital to startups across the country. (A startup is defined as a new business, open 6 months or less, and most applications are for retail and restaurant businesses.) According to the study: “Startups that receive funding are more likely to survive, earn higher revenues and create more jobs. . .”
This study illustrates the importance of access to credit and reminds us that borrowing capital, when done right, can be critical to business success.
Small business financing is like any other thing. It is a tool that can be used wisely for great things. It can be misused, in which case it will not help your business grow.
Tom Cassaway is the founder and president of Lencret. His expertise lies in helping small business owners in their first two years of business properly obtain business financing that separates their personal and business loans, while protecting, protecting and improving their credit profiles. Tom blogs at Lencred’s blog, The Business Finance Lounge.
Unlocking Growth In Small And Medium Enterprises
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