BLOG: Protecting Your Ideas Part I—Copyrights and Patents

BLOG: IRS Checklist for Small Businesses

As a new business owner you need to know your federal tax responsibilities. This page provides links to basic federal tax information for people who are starting a business. It also provides useful information for making basic business decisions. The list should not be construed as all-inclusive. Other steps may be appropriate for your specific type of business. (more…)

BLOG: Financing your Business Part V – Applying for a Loan

So far in our “Financing your Business” series, we have covered the questions you should ask yourself before seeking financing, credit factors you should consider, what bankers are looking for, and the financial statements you need to have completed prior to applying for a loan.  Now that you understand some of these different factors and you know the type of financing you are going to seek, it’s time to prepare a written loan proposal. (more…)

BLOG: Timeline for Suspending Your Business

Many business owners who are members of the National Guard or Reserves make the decision to suspend their business during absences caused by training, mobilization, and deployment. There are many reasons business owners might choose to do so, but oftentimes suspending business is the only viable option, especially when there is no one else with the skill or knowledge to take over while you are gone. For example, artists, craftsmen or even independent truck drivers do not have the option to pass their business on to someone else. (more…)

BLOG: SBA 7(a) Loans — SBA Express Loan & Patriot Express Loan

With the SBA Express loan and the Patriot Express Loan lenders can use, to the maximum extent possible, their own loan analyses, procedures and documentation, in addition to their own application forms, internal credit memoranda, notes, collateral documents, servicing documentation and liquidation documentation. In return for the expanded authority and autonomy provided by the program, lenders agree to accept a maximum SBA guaranty of 50 percent (85 percent for Patriot Express). (more…)

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