Small Businesses Now Have Financing Options

Myriad small business studies often cite the biggest issue as "Lack of capital." That lack of capital has apparently been much more pronounced

CALIFORNIA, WA (prHWY.com) October 25, 2012 - Toca Family Business Services dba The Resourceful CEO
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Small Businesses Now Have Financing Options

Myriad small business studies often cite the biggest issue as "Lack of capital." That lack of capital has apparently been much more pronounced in recent years due to the meltdown in the capital markets in 2008 and the ensuing bank failures. The tide may now be shifting. According to the Small Business Administration (SBA), the "U.S. Small Business Administration's loan programs posted the second largest dollar volume ever in FY 2012, supporting $30.25 billion in loans to small businesses." There is a new eBook, Help! I Need Money for My Business Now!, which provides information that may help to turn that tide. In this eBook the author, Tiffany C. Wright, presents a number of sources of capital for small business owners and the how-to to access those sources.

"Lack of capital has never been the real issue. Although capital for growing small businesses in 2012 is less available than in 2007, it is still available. The main issue is lack of access to capital. This may seem like semantics but it is not. Also, the younger the business, the fewer the available sources," says Tiffany C. Wright, author. "Most small and medium enterprises or SMEs either have minimal exposure to the variety of financing sources that exist for companies in their industry or at their growth stage or they are wholly unprepared to meet the needs from a presentation perspective."

Wright contends that there are always a few financing alternatives available for any small business and more for businesses with at least a three-year track record. To access these they must think creatively and educate themselves. "Bank financing is what most business owners consider when you say debt and venture capital is what they think of when you say equity. There is a vast pool of debt and equity and blended debt/equity financing available from other sources."

Help! I Need Money for My Business Now!: Answers to Your SMB Financing Needs has over 25 case studies of financing sources business owners have tapped to access expansion capital for their businesses. The book covers everything from what is available (and how to access it) to what works best for a particular business type. This includes the how-to on forming strategic partnerships, pursuing business-friendly community banks, and utilizing supplier financing.

Help! I Need Money for My Business Now!! can be ordered online at http://www.financeyourcompany.com .

About the Author: Tiffany C. Wright is the president of Toca Family Business Services, an interim C-level management provider and business advisory firm. She is a financial and business advisor to numerous small businesses in industries ranging from technology to distribution to business services. She has an MBA from the Wharton School at the University of Pennsylvania in Finance and Entrepreneurial Management and a BS in Industrial Engineering. She currently resides in Raleigh, North Carolina.


eBook Statistics
Title: Help! I Need Money for My Business Now!!
Subtitle: Answers to Your SMB Financing Needs
Author: Tiffany C. Wright
Category: Business/Finance

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Tag Words: cash management, business owners

Categories: Business

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Myriad small business studies often cite the biggest issue as "Lack of capital." That lack of capital has apparently been much more pronounced

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