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Florida business loans are increasingly being funding by credit unions, thus filling the gap left by commercial banks. Case In Point John DeNucci finally got the loan he needed to build his Fernandina Beach ice cream shop from what he thought an unlikely source – a credit union. “I never would have thought of...
Credit unions are filling the void left by banks to fund business loans Banks have curtailed the amount of new commercial loans they will finance since the financial crisis began in 2008. Burned by bad commercial real estate loans, and struggling to meet regulatory pressures to reduce the concentrations of real estate loans in...
Scammers have turned to business loans an a new area of opportunity A Boca Raton loan broker led a scam that pried more than $10 million in bogus business loans from area banks, federal prosecutors said Wednesday. Frank Santa, 51, of Boca Raton, ran Palm Beach Business Consultants, a loan brokerage that specialized in...
Avoid the top 10 mistakes that entrepreneurs make when starting a company – including raising capital Business consulting expert, Rosalind Resnick, provided a Top 10 list to help startups avoid costly mistakes: 1. Going it alone It’s difficult to build a scalable business if you’re the only person involved. True, a solo public relations,...
Small Business Development Center i3 Advanced Technology Incubator helps small business owners The Advanced Technology Incubator (ATI) provides free or low-cost help to turn an idea into a viable business plan. The ATI was created more than five years ago and currently operates as an SBDC program, through funding from the U.S. Small Business...
Do you think Donald Trump passes out business cards at every function he attends? No Way. Really successful entrepreneurs find other more creative ways to get people to remember them (including their bank manager and other potential business loan sources). Business coach, Craig Duswalt, says successful business people do such out-of-the-box activities such as:...
Small Business Development Center’s Young Entrepreneurs Program choke full of benefits Since the program began in 2007, more than 700 young people between the ages of 14 and 27 have participated. Along the way, they’ve realized that entrepreneurship can be a viable career path while learning how to think and act like an entrepreneur...
Alabama state officials distributed $12 million the first of March to revolving loan funds meant to spur job creation. Each of the state’s 12 regional planning councils received $1 million, including the South Alabama Regional Planning Commission, which serves Mobile, Baldwin and Escambia counties, and the Alabama-Tombigbee Regional Commission, which includes Choctaw, Clarke, Conecuh,...
Cities across America are facing dire financial distress Meredith Whitney, a banking analyst turned independent adviser who correctly predicted the banking meltdown, has issued an Armageddon-like prediction of mass municipal defaults. To anyone reading the headlines of budget deficits and staggering pension liabilities, it takes little imagination to conclude that the next big one...
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