Category Archives: Small Business

Coca Cola need not read this

I’ll Pay Cash

Expanding on Lack of Capital from an earlier post, the question remains “Why pay cash?” The truth is, while money is “cheap”, paying cash is like digging an early grave. From the bank’s perspective, if a customer has a low 4 figure bank balance and is asking to borrow a moderate 5 figure sum, the applicant will either… Read More »

Financing a Small Business Start-up

With stats ranging from 50% to 80% of new businesses failing in the first 5 years, how can you increase your chance of survival? Having worked in commercial equipment finance for many years, I have sorted through my fair share of start-up applications. Imagine, if you will, a mountainous eyesore of unprepared hobbyists who are willing to risk… Read More »