Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance ...
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance Your Business
Question:
"Are there any recommendations you would have for somebody looking to make a financial request to a financial institution?"
Rod Banks
Executive Vice President, City National Bank
Topics covered in this video:
Business loans, financing, banking, honesty
Transcript:
One of the best things a new entrepreneur can do is to think of their banker as a financial partner. Building a relationship with the bank, with the institution, with the individual is going to be the key. I would find someone who is really interested in your business: who will take the time, who will come out and take the tour and who will ask all the appropriate questions. Because if you think about it, this is the individual who is going to be your representative back to the bank to talk about your business.
Now on your end you should invest the proper time to build the relationship with that banker. Get to know them. Find out how long they have been with the bank, find out about their career and make sure that you stay in contact and build a relationship over time. And the last piece of advice I'd offer is that no matter what the information might be about your company, always share it. Bankers want to know as much as they can about your business. They don't like surprises. If you have bad news they would much rather you deliver it as opposed to having the bank hear about it second hand. So good communication with your banker will be one of the best pieces of advice I could give anybody starting a business.
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Added: 277 days ago
Views: 5
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With all the different loans to choose from, ...
http://videos.smallbusinessnewz.com/
With all the different loans to choose from, how can you know which loan is best for you, especially when you need money fast? SmallBusinessNewz Reporter Abby Prince explores secured personal loans, home equity loans, accounts receivable loans, and other sources of funding that serve as options for you. Check out the full report only on SmallBusinessNewz.
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Added: 277 days ago
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Most lenders will give business credit to individuals with good personal credit. Some lenders will o...
Most lenders will give business credit to individuals with good personal credit. Some lenders will offer a loan to a business once the applicant provides personal information on the loan guarantor. Learn how to fund a business with a business loan with the banking advice in this free video on personal finance from a licensed mortgage broker.
Expert: Adriel Torres
Contact: www.ultimatecredittoday.com
Bio: Adriel Torres has been in the mortgage business for over a decade. He has owned two mortgage companies, and is a licensed mortgage broker.
Filmmaker: Christopher Rokosz
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Added: 271 days ago
Views: 2
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance ...
Video from our FREE Online Business Course
http://www.myownbusiness.org
Session 9 How to Finance Your Business
Question:
"Raising start-up money is one of the great hurdles in starting a business. Would you have any recommendations or some basic do's and don'ts as to how people should go about this great challenge?"
Rod Banks
Executive Vice President, City National Bank
Topics covered in this video:
Starting a business, financing, loans, writing a business plan
Transcript:
First off, before you begin to think about getting your start-up money together, you need to have a business plan. And once you put the business plan together it will help you to determine how much money you need to start your business. Once you determine the amount, then you've got to decide: where is the best place to get it? In today's world it is very difficult to go to a commercial bank--the typical bank you see on the street-- for a start-up business type of loan.
A lot of first time entrepreneurs will start off by using their own personal savings or look to a friend or a relative to see if they can get a friendly partner in with them. Some people will look at putting a lien to some degree on their home. Because of the credit card boom, a lot of people today will take credit card solicitations that come out. And it's perfectly okay to take one of these low interest rate credit card offers if you manage it in a very responsible manner.
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Added: 278 days ago
Views: 7
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In order to boost a credit score, make payments on time, leave old credit open and have a good mix o...
In order to boost a credit score, make payments on time, leave old credit open and have a good mix of credit cards and loans. Raise a credit score by showing good credit management skills with tips from a financial consultant in this free video on personal finance and credit scores.
Expert: Carrie Kukuda
Contact: www.wearehdtv.com
Bio: Carrie Kukuda has a business administration degree, and was branch manager of a community bank.
Filmmaker: Christopher Rokosz
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Added: 271 days ago
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To get a small business loan despite bad credit, clear up the bad credit by making ...
To get a small business loan despite bad credit, clear up the bad credit by making payments on-time and negotiating with the credit agencies to have the bad credit removed. Find non-traditional lenders online and through nonprofit organizations with tips from a small business owner in this free video on business loans.
Expert: FJ Cava
Contact: www.sfwebspot.com
Bio: FJ Cava has an Master's of Business Administration from San Francisco State, and he has worked with the Small Business Administration. Currently, he owns Bayview Webspot.
Filmmaker: Sam Lee
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Added: 271 days ago
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A 6-minute preview of the 85-minute DVD on How To Write A Business Plan. Available in a gift-boxed ...
A 6-minute preview of the 85-minute DVD on How To Write A Business Plan. Available in a gift-boxed DVD from www.timetrappers.com in PAL or NTSC formats.
Email TimeTrappers@Tiscali.co.uk for further information.
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Added: 277 days ago
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