Small Business Boomers

One result of the credit/banking crisis has been a new wave of lenders who can help you get loans for your small business when other traditional lenders cannot.  A recent Wall Street Journal article detailed one such lender, On Deck Capital.  Instead of requiring you to put up assets for more traditional types of loans, On Deck lets you leverage your cash flow for loans up to $100,000.
If you are like a lot of other small business owners, you may be finding it difficult to get a traditional loan.  On Deck  says that 65 percent of small businesses seeking loans …read more

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Like all business owners, baby boomers are dealing with the current financial mess in different ways.  Here are some suggestions for you, depending on your degree of optimism and your risk tolerance:
1.  Restrict your cash flow and focus on essentials.  Decide what is essential for your business and what is nice to have but not essential.  For example, this is not the time to remodel the reception area.  As they say, “stick to your knitting.”
2.  Find small savings.  Those little things can add up.  For example, do you really need those fancier new pens or will an older one do?
3.  Cut employees.  …read more

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