CFO Job Description

While there are strong signals that the small business merger & acquisition market is heating up in 2011, most entrepreneurs are still being challenged when it comes to obtaining capital to fund the acquisition. Gross sales are the measure of the total sales generated by a business over a given period of time. SBA loans are for established small businesses capable of repaying a loan from cash flow, but whose principals may be looking for a longer term to reduce … Continue reading “CFO Job Description”

While there are strong signals that the small business merger & acquisition market is heating up in 2011, most entrepreneurs are still being challenged when it comes to obtaining capital to fund the acquisition. Gross sales are the measure of the total sales generated by a business over a given period of time. SBA loans are for established small businesses capable of repaying a loan from cash flow, but whose principals may be looking for a longer term to reduce payments or may have inadequate corporate or personal assets to collateralize the loan.

About 850 lenders qualify for the SBA’s Certified Lender Program, having met certain criteria, the most important of which, from the borrower’s perspective, is extensive experience in SBA loan-guarantee processing. It demands a great amount of skill in managing maximum tasks in minimum time, and being aware of all the local laws which may be applicable to company administration.small business administration

This group processes approximately 21 percent of loans. For example, the organization offers money to a non-profit company that often lends money to any start up company at own volition. No one shows you how to attack the root causes of organizational drag listed above, which allows companies to eliminate unnecessary work, reenergize the workforce and at the same time, put the business on a better course.small business administration

The businesses then entered the loan process of the Reconstruction Finance Corporation. Commercial bridge loans act as a conduit by helping a business bridge the gap between meeting current financial obligations and securing a permanent source of financing at a later date.

This can be a formal mentoring type relationship through organizations like the Small Business Administration, or simply a colleague who is already where you are trying to go. Failure to make timely payments harms the credit history of the business, making it difficult to procure any business loans in the future.small business administration