Business Credit News

Small Business Credit – Where is It?

If you haven’t heard – small business lenders are dropping left and right. CIT Group (CIT, Fortune 500) has been the highest profile case, avoiding bankruptcy with bondholders securing a last-minute band aid for the company on Monday with $3 billion.

JPMorgan Chase (JPM, Fortune 500) revealed last week that the value of non-performing loans in its commercial banking division, which caters to other large corporations as well as municipalities and not-for-profits, more than quadrupled to $2.26 billion from $510 million during the same period a year ago.

Of course there have been several other banks and lenders shutting down their small business lending divisions just this year, even Advanta one of the largest small business credit card issuers.

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So, where do you look if you are a small business owner that needs capital?
How do you stand out from the crowd?
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I just finished a meeting with three executives from a small business lender and got an inside scoop on what’s happening in the market. They shared some extremely valuable insight on what small businesses should look out for during the next year and what they need to do to get financing.

I wish I could take the time to share all of this valuable information but there is just too much to put in an email.

I will however be sharing everything the bank executives and I spoke about and exactly what’s going on in today’s lending market for entrepreneurs at my next event in Las Vegas, NV September 26-27, 2009 (Business Breakthrough).

The Business Breakthrough event is our semi-annual look at:

*what small business owners can do to obtain credit and capital

*how to utilize the business entity to obtain the most benefit

*focusing two days to working on your business using the Ten Building Blocks to Business Success

To learn more about the event and get the agenda and details go to
http://www.earn.com/business-breakthrough-seminar.php

I’m bringing in some angel investors, real estate investors and entrepreneurs who have built multi-million dollar businesses to share with you the latest trends and strategies that entrepreneurs need to know about today.

There is an early-bird special discount for signing up before August 15th.

In addition if you sign-up before August 1st, we’ll give you one night free hotel stay where we have the event.

Red Rock Hotel and Casino in Las Vegas, NV

You don’t want to miss out, so sign-up now. Seats are limited to only 200 serious entrepreneurs who want to take their business to the next level with the knowledge of how to obtain credit and financing, maximize their business structure and utilize the Ten Building Blocks to Business Success.

David Gass – Founder
Business Credit Services, Inc.
and Author of several books on entrepreneurship and small business financing including:
“Success Steps to Business Credit”
“Success Steps to Business Financing”
“Building Blocks to Business Success”

P.S. – Don’t forget to sign-up now
http://www.earn.com/business-breakthrough-seminar.php

P.S.S. – The one free night stay is only available if you sign up for the event before August 1st and only available for the event hotel.

P.S.S.S. – At the September event there is going to be a very special bonuses for a few attendees, but to qualify you have to sign up. What’s the special bonus? Keep a look out for our emails with details and return to our blog daily to read updates and announcements as they happen.

Tags: building business credit, business credit, credit, Entrepreneurship, financing, small business credit