Barack Obama today proposed a plan of tax cuts and loans for small businesses hurt by the current credit crisis, a temporary program he said is needed to help Main Street and complement what has already been done for Wall Street. In The Trail, a daily diary of campaign 2008 on washingtonpost.com, Robert Barnes writes [...]
As access to loans becomes scarce, some middle-aged entrepreneurs are betting their retirement funds on small-business ventures. About 16 percent of small-business owners have taken premature withdrawals or borrowed from their retirement accounts, according to a recent online survey of 512 small-business owners by Harris Interactive and ING Direct. “Raiding your retirement should always be [...]
Question: I want to open my own restaurant, but without any experience or capital, I’m having trouble finding a bank to lend me the money I need to build out the space and buy equipment. Any ideas? Answer: No different from any other first-time entrepreneur, you need to walk before you can run. In your [...]
