Minnesota Small Business Loans: Urban Initiative Program

Minnesota Small Business Loans: Urban Initiative Program

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Bruce Shattock Fraud Letter: Attorney Scam

Bruce Shattock Fraud Letter: Attorney Scam

Our office has been contacted several times by Bruce Shattock, supposedly on Behalf of S&J Boring Inc. Similar scams targeting attorneys have been reported in Alabama. Within the scam emails, Bruce’s phone number is listed as 734 956 2445. The following is correspondence with one Bruce Shattock. Bruce Shattock: Bruce Shattock [email protected] Dear Counsel, On…

Minnesota Indian Business Loan Program

Minnesota Indian Business Loan Program

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Minnesota Small Business Development Loan Program

Minnesota Small Business Development Loan Program

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Estimated Initial Investment | Franchise Disclosure Documents | Item 7

Estimated Initial Investment | Franchise Disclosure Documents | Item 7

Item 7: Estimated Initial Investment Item 7 of the amended Rule requires franchisors to set out in a prescribed tabular format a franchisee’s entire estimated initial investment – i.e., all the expenses required by the franchise agreement and all other costs necessary for a franchisee to commence business. These expenses include items that are often…

Franchise Disclosure Documents – Item 6: Other Fees

Franchise Disclosure Documents – Item 6: Other Fees

Item 6: Other Fees Like the UFOC Guidelines, Item 6 of the amended Rule requires the disclosure, in a prescribed tabular format, of recurring or occasional fees associated with operating a franchised outlet. These recurring or occasional fees include such charges as royalties, advertising fees, and transfer fees. Item 6 covers payments made directly to…

Franchise Disclosure Documents | Item 6: Other Fees

Franchise Disclosure Documents | Item 6: Other Fees

Item 6: Other Fees Like the UFOC Guidelines, Item 6 of the amended Rule requires the disclosure, in a prescribed tabular format, of recurring or occasional fees associated with operating a franchised outlet. These recurring or occasional fees include such charges as royalties, advertising fees, and transfer fees. Item 6 covers payments made directly to…

Minnesota State Financing Programs: Minnesota Investment Fund

Minnesota State Financing Programs: Minnesota Investment Fund

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Business and Industry Loan Guarantee Program in MN

Business and Industry Loan Guarantee Program in MN

Business and Industry Loan Guarantee Program These are loan guarantees with an upper limit of $10 million. Some high-priority projects may be guaranteed up to $25 million by the administrator in Washington. Most business purposes are eligible, e.g. building and equipment purchase or development, working capital (no lines of credit); aquaculture; commercial nurseries; tourist and…

Franchise Disclosure Documents – Item 5: Initial Fees

Franchise Disclosure Documents – Item 5: Initial Fees

Item 5: Initial Fees Consistent with the UFOC Guidelines, Item 5 of the amended Rule requires the disclosure of any initial fees and any conditions on their refundability. “Initial fees” means “all fees and payments, or commitments to pay, for services or goods received from the franchisor or any affiliate before the franchisee’s business opens,…

Item 5: Initial Fees | Franchise Disclosure Documents

Item 5: Initial Fees | Franchise Disclosure Documents

Item 5: Initial Fees Consistent with the UFOC Guidelines, Item 5 of the amended Rule requires the disclosure of any initial fees and any conditions on their refundability. “Initial fees” means “all fees and payments, or commitments to pay, for services or goods received from the franchisor or any affiliate before the franchisee’s business opens,…

Value-Added Producer Grants (VAPG) for Minnesota Small Businesses

Value-Added Producer Grants (VAPG) for Minnesota Small Businesses

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Renewable Energy for America (REAP) Loans & Grant for MN Businesses

Renewable Energy for America (REAP) Loans & Grant for MN Businesses

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Small Business Investment Companies and Microloans in Minnesota

Small Business Investment Companies and Microloans in Minnesota

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Franchise Disclosure Documents – Item 4: Bankruptcy

Franchise Disclosure Documents – Item 4: Bankruptcy

Item 4: Bankruptcy The bankruptcy disclosures of the amended Rule are substantively similar to those of the UFOC Guidelines. One difference, however, is the list of persons about whom bankruptcy information must be disclosed. Franchisors must disclose not only the bankruptcy history of the franchisor itself, its affiliates, and predecessors, but also of any of…

Minnesota Certified Development Company Loans & MN 504 Loan Program

Minnesota Certified Development Company Loans & MN 504 Loan Program

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

All About Short-term Guaranteed Loans in Minnesota

All About Short-term Guaranteed Loans in Minnesota

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Franchise Disclosure Documents – Item 3: Litigation

Franchise Disclosure Documents – Item 3: Litigation

Item 3: Litigation Item 3 calls for the disclosure of certain lawsuits involving the franchisor and other entities associated with the franchisor – i.e., predecessors, parents, and affiliates – in addition to certain lawsuits involving any person identified in Item 2. These are substantially similar to the disclosure requirements of the original Rule and the…

Item 3: Litigation | Franchise Disclosure Documents

Item 3: Litigation | Franchise Disclosure Documents

Item 3: Litigation Item 3 calls for the disclosure of certain lawsuits involving the franchisor and other entities associated with the franchisor – i.e., predecessors, parents, and affiliates – in addition to certain lawsuits involving any person identified in Item 2. These are substantially similar to the disclosure requirements of the original Rule and the…

All About Regular Guaranteed Loans for Minnesota Small Businesses

All About Regular Guaranteed Loans for Minnesota Small Businesses

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Federal Programs for Minnesota Small Business Loans & Financing

Federal Programs for Minnesota Small Business Loans & Financing

This post is part of a series of posts designed to help you acquire a loan for your small business. The following posts cover methods for public financing of your small business Local MN Programs for Small Business Loans Minnesota Reservist and Veteran Business Loan Program Minnesota Small Business Loans: Urban Initiative Program Value-Added Producer…

Small Business Loan Packaging: What You Need To Know

Small Business Loan Packaging: What You Need To Know

Loan Packaging Before inquiring about debt financing, an entrepreneur should assess such things as: Do you actually need more capital or can you manage existing cash flow more efficiently? How do you define your need? Do you need money to expand or as a cushion against risk? How urgent is your need? Do you want…

Franchise Disclosure Documents – Item 2: Business Experience

Franchise Disclosure Documents – Item 2: Business Experience

Item 2: Business Experience Item 2 of the amended Franchise Rule is substantially similar to Item 2 of the UFOC Guidelines. It requires disclosure of the business experience of certain individuals – including directors and principal officers, among others – for the last five years. A longer period is acceptable if the prior experience is…

Item 2: Business Experience | Franchise Disclosure Documents

Item 2: Business Experience | Franchise Disclosure Documents

Item 2: Business Experience Item 2 of the amended Franchise Rule is substantially similar to Item 2 of the UFOC Guidelines. It requires disclosure of the business experience of certain individuals – including directors and principal officers, among others – for the last five years. A longer period is acceptable if the prior experience is…

What You Need to Know About Business Loan & Debt Financing

What You Need to Know About Business Loan & Debt Financing

Business Loans Debt Financing There are many sources of debt financing: banks, savings and loans, commercial finance companies and government agencies are most common. State and local government have developed many programs in recent years to encourage the growth of small businesses. Family members, friends and associates are all potential sources, especially when the capital…

The Truth About Small Business Grants In Minnesota

The Truth About Small Business Grants In Minnesota

The number of companies and outright scams—all selling information about “government grants” or guides to government grants—is growing through Internet spam and telemarketing. All of these offers are built on the false idea that individuals are eligible to receive thousands of “unclaimed” dollars from the government—money that can be used for almost anything, including personal…

Accounting for a New Business: Income Forecasting Techniques

Accounting for a New Business: Income Forecasting Techniques

Income Forecasting Techniques One of the most important steps in the construction of a written plan for your proposed business is the development of meaningful financial projections. No business enterprise should be undertaken without a clear plan of profit potential and an understanding of the sales volume needed to achieve this profit. Experienced entrepreneurs recognize…

Accounting for the New Business – Basic Accounting Principles

Accounting for the New Business – Basic Accounting Principles

Accounting for the New Business Basic Accounting Principles Accounting is the process of collecting, organizing, maintaining, reporting and interpreting financial data about a business. That financial information is useful both to the business owners and managers in operating a business in a profitable and efficient way, and to outsiders like investors or creditors who require…

Business Plan – Sample Business Plan Format

Business Plan – Sample Business Plan Format

Sample Business Plan Format Summary The summary should concisely describe the key elements of the business plan. For the firm seeking capital, the summary should convince the lender or venture capitalist that it is worthwhile to review the plan in detail. The summary should briefly cover at least the following items: Name of the business….