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What happens when a bank has to accept the collateral posted for loans? Well, in Russia, it's like the punchline to a bad Yakov Smirnoff joke. "In Russia, when a bank takes collateral, it has to set up a pigpen!"
Well, this is exactly what happened to Alexander Lebedev's OAO National Reserve Bank. It wound up with 40,450 of them. As Russian banks are coping with the financial crisis, they are finding themselves with a variety of hard goods that they never expected to receive.
Continue reading Pigs and panties: Russian banks stuck with unexpected collateral
Starting a business can take months -- and can be expensive. Also, it's tough to anticipate some of the problems you'll run into. That's why buying a business can be a good alternative.
So where do you get financing? One approach is to get a Small Business Administration loan.
Basically, this is like any other business loan. However, the main difference is that the loan is guaranteed up to 85% from the SBA, which is a federal program. Because of this, there are usually advantages versus conventional loans, such as:
OK, what does it take to get such a loan? Let's take a look.
Continue reading Entrepreneur's Journal: Using an SBA loan to buy your dream business
| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 115 | 0 |
| 2 | Tom Johansmeyer | 104 | 0 |
| 3 | Steven Mallas | 52 | 0 |
| 4 | Connie Madon | 50 | 0 |
| 5 | Tom Taulli | 45 | 0 |
| 6 | Mark Fightmaster | 37 | 0 |
| 7 | Steven Halpern | 34 | 0 |
| 8 | Trey Thoelcke | 30 | 0 |
| 9 | Paul Foster | 24 | 0 |
| 10 | Brian White | 24 | 0 |
| 11 | Brent Archer | 22 | 0 |
| 12 | Jon Ogg | 22 | 0 |
| 13 | Jim Cramer | 21 | 0 |
| 14 | Melly Alazraki | 21 | 0 |
| 15 | Zac Bissonnette | 20 | 0 |
| 16 | Eric Buscemi | 17 | 0 |
| 17 | Michael Shulman | 13 | 0 |
| 18 | Elizabeth Harrow | 12 | 0 |
| 19 | Sheldon Liber | 10 | 0 |
| 20 | Michael Fowlkes | 10 | 0 |
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