{"id":12297,"date":"2013-01-16T12:26:55","date_gmt":"2013-01-16T17:26:55","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/securing-financing-in-2013\/"},"modified":"2022-12-21T07:04:48","modified_gmt":"2022-12-21T12:04:48","slug":"securing-financing-in-2013","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/securing-financing-in-2013\/","title":{"rendered":"Securing Financing in 2013"},"content":{"rendered":"
The New York Times<\/i> recently published an article in its \u201cYou\u2019re the Boss\u201d blog titled, \u201cThe State of Small-Business Lending<\/a>.\u201d In it, the author laid out his predictions for business lending in the upcoming year.<\/p>\n It is no secret that new businesses have had trouble securing financing over the last several years, either from a bank or from the SBA. According to the article\u2019s author, this likely won\u2019t change in 2013. Unless you start a new franchise or have personal collateral, securing financing will be difficult.<\/p>\n However, if you\u2019re a well-established business with some collateral, the SBA and lending institutions will be more likely to make positive lending decisions this year. If your business is going well, but you need a little extra cash in 2013 to develop a new product, open a new facility, or for any other reason, keep in mind that a business valuation that includes a full machinery and equipment appraisal is an important first step. Most lending institutions will insist on seeing a certified appraisal before making any lending decisions.<\/p>\n If seeking financing in 2013 is part of your business plan, contact the NEBBI<\/a> today and we\u2019ll help you find a certified appraiser in your area.<\/p>\n