What You Need For A Small Business Loan | Fox Small Business Center

Personal Information: Banks expect borrowers to provide basic personal background information.This data includes current and previous addresses, aliases, criminal record (if any), educational level, and other information.
For the original version including any supplementary images or video, visit http://smallbusiness.foxbusiness.com/finance-accounting/2014/06/05/what-need-for-small-business-loan/

Obama ~ Faces of Change Bills Small Business Loan – YouTube

Minorities seeking small business loans are treated differently than their white counterparts, despite having identical qualifications on paper, according to a new study that appears online in the Journal of Consumer Research . “There is a general belief among Americans that we’re the land of opportunity and that anyone can pull themselves up by their bootstraps,” said study co-author Glenn Christensen, an associate professor of marketing at Brigham Young University. “It is a land of opportunity, but that opportunity is not always equally accessible.” As part of the study, the researchers recruited three black, three Hispanic and three white small-business owners to try and secure loans.
For the original version including any supplementary images or video, visit http://mashable.com/2014/06/03/small-business-loan-racism/#:eyJzIjoidCIsImkiOiJfdjIwM20wYXBkN214Nm40YyJ9

Minority Entrepreneurs Have More Trouble Getting Loans, Study Shows

Armed with a federal small business loan for “around $1 million,” Lewis said, Pipeworks has ordered a 30-barrel brewing system that will allow it to increase production to about 6,000 barrels of beer in 2015. The brewery has already grown from making 430 barrels in 2012 to a projected 1,800 barrels this year. The new beer will be used to meet the demand that Pipeworks has struggled to supply in Chicago, Lewis said, including a significant increase in draft distribution. Pipeworks also plans to package beer in four-packs of 16-ounce cans, as well as in 22-ounce bottles its primary method of distribution so far for its more adventurous recipes, Lewis said. Pipeworks will can five year-round beers, Lewis said: Ninja vs. Unicorn (an imperial India pale ale), Close Encounter (a hoppy stout), Blood of the Unicorn (a hoppy red ale) and two new beers a pale ale made with Mosaic hops and a lower alcohol Belgian-style beer. The four-packs will be priced between $9.99 and $11.99.
For the original version including any supplementary images or video, visit http://www.chicagotribune.com/features/food/ct-food-pipeworks-brewery-expansion-20140725,0,1420044.story

Pipeworks to build new brewery, distribute in cans – chicagotribune.com

What are you going to do with the money? You will have to provide, in detail, the designated use of every dollar requested. A small business loan is often needed for: operations (new employees, marketing, etc.), assets (equipment, real estate, etc.), or to pay off business debts. When will you repay the small business loan? Explain in detail how this small business loan will serve as a stepping-stone for your business. You will need to convince the lender (with your financial statements and cash flow projections) that you are able to repay the loan through the expected long-term profitability of your business. What will you do if you don’t get the loan? Let lenders know that rejection will not discourage you from starting or growing your business. You want to portray a confident and determined personality and you will try lender after lender until you receive the money you need to get your business moving. As a small business owner, you will need a certain degree of fortitude. Be confident and proud of your venture. Let lenders know you are in control and know what’s best for you and your business.
For the original version including any supplementary images or video, visit http://sbinformation.about.com/od/creditloans/a/ucbusinessloan.htm

Small Business Loan 101 – Essential Loan Tips

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