Anthony Sykes & Company

 It is still difficult for a small business to get a line of credit or loan these days but it can be done. If you go to http://www.sba.gov/ you will see the Small Business Administration website, click on the Recovery Act button and it will take you to the overview of the American Recovery and Reinvestment Act of 2009. There are several programs for small businesses I advise you to take a look to see if you can qualify for one. One of the requirements for any of the loan programs is that you have good credit. While the definition of "good" varies it is generally said that a score of 690 or better is needed. However a change has been occurring in the credit scoring system, you should visit http://www.vantagescore.com/ for more details. The three main credit rating agencies have created a new scoring system using their combined data information. However they will market it separately. The new scores range from 501-990. They will predict the likelihood of future serious deli

It is the middle of June and this very deep and tough recession has taken a toll on many small businesses and we are seeing many businesses refocusing and adjusting to become stronger and more flexible. However one thing we need to pay more attention to is that governmental entities whether Federal, State or Local are refocusing and gearing up to bring in more revenue. In the Health Care Act there is a provision to hire more Internal Revenue Service Personnel, the State of California Board of Equalization is sending notices to all business that gross over 100,000 inquiring about if they should be paying us tax, and local governments are beginning to step up enforcement of business taxes. In the area where you are located, What is the government climate like?