Search Results for: financing tips

Financing Tips: Life after Loan Closing

By Parag Nevatia Going through the process of applying for a business loan is like struggling through all the road blocks while running through a maze; just that in financing it’s like running through that maze to the closing table. What you experience through the process is months of balancing between perseverance, patience, frustration and chaos while wondering if you will ever see the closing table. And when you make it to the closing table, after “signing your life away”, subconsciously you’ll probably hope of never having to go through all that ever again. Fair enough! Keep in mind,...

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Financing Tips: Why Do Business Loans Get Declined?

By Parag Nevatia Many of you may remember the late 1990s when there was a big uncertainty buzzing in the financing world, specifically the coding of computerized systems, called the ‘Y2K bug’ or the ‘millennium bug’. There was a mystery about what will happen on January 1, 2000 when the century would reset into another. The worlds’ smartest engineers were optimistic and hopeful that the world wouldn’t lose all its data. On the morning of January 1, 2000 when companies realized that business was as usual, and all of the computers started just like any other morning, subsequently a...

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Financing Tips: Financing Gridlock

By Parag Nevatia I immigrated to the United States from India in the early 1990s. Back then my town in India was quiet, peaceful and very green. Traffic was less, there was discrimination in classes, and those who had a car where considered more affluent while others used public transportation or a two wheeler. Today, some 25 years later, almost every automobile company has opened a factory in India – increasing the need for engineers. Big corporations opened up offices in India – increasing the need for construction with the best architecture in order to keep up with the standards...

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Financing Tips: Mismanagement Leads to Cash Flow Quicksand

By Parag Nevatia How many times have we seen businesses over spend money in hopes of making more revenue? In most cases the realization is there every month but poor judgments on part of the business owner result in what is called mismanagement in the business world. It’s usually when a business spends more than what was in the budget. Here are some interesting statistics showing the percentage of business failure within first two years:  http://smallbiztrends.com/2005/07/business-failure-rates-highest-in.html. As a former banker in financing for over 20 years, and while having financed over a hundred million dollars to the community, I...

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Financing Tips: The Small Business Administration: A Mysterious Black Hole

By Parag Nevatia  We all know about Sci-Fi movies and space. We flew imaginary space ships, while watching Star Trek and Star Wars back in the days. Alongside, we were also introduced to the mysterious Black Holes in the universe with ugly and scary creatures. We learnt that these black holes were an entrance to mysterious canals, when once entered, it was impossible to come out of. Well Start Trek was only entertainment. As far as we know, we live on the only inhabited planet, and the rest is unknown. To connect the two, the human race has always...

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