Many small business owners report having difficulty financing their businesses. Whether because of a lack of collateral, bad credit, or anything in between, there are many roadblocks that can stand in the way of business owners and their dreams of improvement. However, there are a few things that business owners should know that can help them get over the first mental hurdles they will face when it comes time to start looking for financing. Small business funding is more scarce now than it used to be, but it has not simply gone away. the American entrepreneurial spirit will always find a way to fill the gaps left in the economic climate, and small business owners in particular are a hardy bunch. When it seems as if business funding from loans and grants is a pipe dream, and that every lender and credit union you visit is eager to turn you away, take a deep breath and consider these three key points. 1) First of all, there is

According to Businessweek, while the SBA has approved over $2.3 billion in loans related to Hurricane Sandy relief, only around $411 million has been distributed, approximately 17% of the total approved amount. The long wait for loans has not significantly alarmed state official in New Jersey, who say they do not doubt the money will make its way to them through the right avenues, if given time.  Red tape on the part of governmental organizations dispersing funds is more or less standard, but may be compounded by the recent news that a Baltimore woman along with an accomplice defrauded the SBA for close to $100 million. With the potential for misuse of funds that are so sorely needed by so many, perhaps officials are right to preach patience. In the wake of the Hurricane, Horizon Business Funding pledged $1,000 donations to the Red Cross for each successfully funded business seeking to rebuild or improve in the wake of the storm. The offer still stands. Photo

Sometimes it seems there is nothing you can’t learn from YouTube. The Google owned video channel has taught me how to tie a bow tie, cook my favorite meal and other such curiousities. But sometimes it is also good for ideas I would never dream of on my own. This morning I typed “landscape” into the YouTube search bar. The autocorrect function loaned the suggestion “landscape design ideas” so I went with it, although I was skeptical about what I could learn about gardening from the confines of my tiny computer screen, in my New York apartment. YouTube loaned 53,700 results. One of the most intriguing was instructions to build a “gutter garden” from home improvement giant Lowes. I bring you that video here:

  In a column published late last month, The New York Times’ architecture critic Michael Kimmelman argued for rebuilding New York City post-Hurricane Sandy in a responsible fashion. He feel efforts should be loaned toward rebuilding businesses and homes in a sustainable way. The piece is called “Vetoing Business as Usual After the Storm” and the advocate-critic writes: New York clearly ought to have taken certain steps a while back, no-brainers after the fact. The Metropolitan Transportation Authority ought to have installed floodgates and louvers at vulnerable subway entrances and vents. Consolidated Edison should have gotten its transformers, and Verizon its switching stations, out of harm’s way, and Congress should have ordered the Army Corps of Engineers to study the impact of giant barriers to block parts of the city from the sea. The thoughtful construction projects he loans his advocacy to, however, have yet to take hold in the United States, at least not in the public sector. Kimmelman explains that this is because,

Electricians in high demand after storm

Monday, 03, December , 2012 by

One month after Hurricane Sandy, electricians are still seeing tremendous need for their services Four weeks after Hurricane Sandy, electricians remain in high demand. Electricity has yet to return for many unlucky New Yorkers. So from assessing safety to repairing damages (if they can find the parts) electricians across the region have been very busy. Last week the New York Times reported on electricians who have been working around the clock. Explaining that, “the pleas [for electricians] really surged when Consolidated Edison required that customers in flood zones have their electrical equipment inspected before they could have power turned back on.” Reuters noted that these electricians must be certified to work in New York City. One man told the Times, that days of labor are followed by nights of applying for permits to make necessary repairs. He said, “I go out to my truck to grab a part and there will be three people by the van.” But basic parts have become harder to find than

Beware of mold caused by Hurricane Sandy

Thursday, 29, November , 2012 by

Mold has become a major concern for businesses hit by the storm, we loan a few tips for dealing with this messy problem.  As electricity and heat slowly returned to the tri-state area, many home and business owners learned of new problems caused by Hurricane Sandy when she hit almost one month ago. One such issue is mold. Heavy rain and storm surges filled many usually dry spaces with inches—and sometimes feet—of water. In a booklet called Flood Cleanup and the Air in Your Home, the Environmental Protection Agency explains, “Flood water can make the air in your home unhealthy. This is because when things get wet for more than 2 days they usually get moldy. There may also be germs and bugs in your home after a flood.” Dr. Clifford Basset, an allergy specialist and a professor at New York University, wrote on, “If areas of your home have been wet for two or more days, you may be dealing with a possible

Earlier this month, the Council for Community and Economic Research released a study which showed that Brooklyn is now the second most expensive city in America. The Council based its findings on a cost of living index that included the prices of 60 basic goods and services, including housing, utilities, food items, health care, and other expenses. While the  national index average was around 100, Brooklyn’s score was 183.4, second only to Manhattan, which came in at 233.5. As of August, the average monthly rent for a two-bedroom apartment in Brooklyn was $3,083. At the same time last year, this number was $2,824.  With rents increasing by 9 percent annually, many real estate investors are eager to finance construction of new rental units. Slow Mortgage Lending Causes Increased Demand For Rentals Even as other types of lending like small business loans showed gains in recent months, mortgage lending has not shown significant growth since the financial crisis began 4 years ago. With fewer buyers able

Agreement Reached About Memorial Construction Financing On the 11th anniversary of the September 11 attacks on the World Trade Center, New York City mayor Michael Bloomberg and New York state governer Andrew Cuomo have announced that construction on the 9/11 Memorial Museum will resume. The museum was originally scheduled to open in 2009, but was postponed until this year’s anniversary. However, the opening was delayed once again due to a financing dispute between the 9/11 Memorial and Museum Foundation and the Port Authority of New York and New Jersey, which owns the World Trade Center site. The museum is now expected to be completed in time for the 2014 anniversary. A deal was reached late Monday night between Bloomberg, Cuomo and New Jersey governor Chris Christie, and a six page “memorandum of understanding” was issued stipulating the construction financing terms of the project. The 9/11 Memorial and Museum Foundation will pay $17 million to the Port Authority, which will also be granted greater access to

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