Business Resources Library

Viewing Author: Heidi Freedman
Personal Guarantee

If you’ve applied for a small business loan or are considering doing so, there’s a requirement that most lenders have and it often comes as a surprise to borrowers: it’s the personal guarantee. In this article, we look at what lenders mean by personal guarantee, why it’s required and what they include. What is a personal guarantee? Simply put, a personal guarantee is a business owner’s promise to repay a business loan personally, in case the business is ever [...]

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Short-term business loans

When small business owners find themselves short on cash, many take on short-term debt in hopes that quick funding will help them overcome the cash crunches they’re facing. But are short-term loans the best solution? In this article, we explain what a short-term loan is and offer advice to help you determine the best solution for your business’s needs. What is a short-term business loan? Short-term loans are essentially funds that are paid back within 12 months, although some [...]

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Jean Kristensen

“Even today, studies show that only about three to four percent of women-owned businesses achieve one-million dollars or more in annual revenue,” says Jean Kristensen, owner, president and CEO of Jean Kristensen Associates, LLC. “And for businesses owned by women of color, the rate is even lower.” Businesses owned by men, on the other hand, are three times as likely to achieve that. “Women face a lot of the same business challenges as men, like accessing capital [...]

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Yvette Richardson

Yvette Richardson, PE, LEED AP, NOMA, NSBE - Principal and founding partner at Sabir, Richardson & Weisberg Engineering & Architecture   As a certified electrical engineer, Yvette Richardson has spent more than 25 years in a field where diversity, in any sense, was often hard to find. Now, as principal and partner at Sabir, Richardson & Weisberg (SRW) – a certified minority- and women-owned business enterprise (MWBE) firm specializing in the architecture, [...]

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How to Finance Your Manufacturing Business

Small manufacturing businesses are a diverse and evolving driver of the U.S. economy. In fact, according to the National Association of Manufacturers, for every $1.00 spent in manufacturing, another $1.89 is added to the economy, proving that this sector continues to thrive. While the opportunities are tremendous, most entrepreneurs face a primary challenge in funding their manufacturing companies, as they tend to be more expensive to get off the ground than many other types of small [...]

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