Beauty Store Business

APR 2015

For beauty business news, beauty store owners turn to Beauty Store Business. Beauty business trends, beauty business profiles and more!

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Page 47 of 83

46 April 2015 | Here are expert tips on how to court banks for favorable terms on business loans. by Phillip M. Perry HERE'S SOME GOOD NEWS FOR ANYONE SEEKING A LOAN: BANKS ARE showing new signs of vigor after a long period of infirmity following the financial meltdown of 2008. "Bank profits are up, and most have paid back the money they received under the federal Troubled Assets Relief Program," says Bill McDermott, CEO of Atlanta-based McDermott Financial Solutions ( A healthier banking sector couldn't come at a better time. Many small businesses, spurred by improving economic conditions, are starting to gear up for the kind of aggressive growth that requires outside financing. "Business owners are starting to spread their wings," says John McQuaig, managing partner of McQuaig & Welk (, a Wenatchee, Washington-based management consulting firm "There is more demand for expansion and equipment loans than there has been at any time since the Great Recession." collection

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