If you’ve been in business at least a year, it’s time to take out a small loan to pay for some services or perhaps some new equipment… whether you need it or not. Remember, building your business’s credit history is crucial. It doesn’t matter whether you spend the money or just open a savings account and […]
About Robert Gloer
As a believer that small business is the backbone of the American economy, Robert is passionate about doing what he can to fuel the growth of small business. As President and COO of IOU Financial, Robert is a small business advocate and lending expert. Robert leverages his background in mortgage lending to seize the opportunity to help small businesses in a way that banks can’t.
Entries by Robert Gloer
Some businesses actually thrive in a recession. Here are a few that may surprise you: Cosmetics: When things get tough, women look for more inexpensive ways to pamper themselves like cosmetics and nail salons. In fact, some economists point to rising lipstick sales as a sure sign of a sagging economy. Dry cleaners: People still […]
The old steadfast rules of personal credit health apply in large part to business credit health as well, in a variety of ways, which is why it is so important to get your personal credit in check, and then adopt the same philosophies in regards to your business credit as with your personal credit. It is […]
Why aren’t they getting them? We’ve all seen the news and reports on how the “credit crunch,” as we so delicately call it, is preventing business owners with good credit from obtaining financing. But why is it so hard? Without even addressing the disappearing role of community banks in the vitality of small businesses, the simple […]