Several SBA Loan Requirements Eliminated

The U.S. Small Business Administration made significant changes in qualification for SBA 504 loans. The changes include elimination of “the personal resource test” and “the nine-month rule”. These modifications mean businesses will have an easier time qualifying for SBA loans, according to a recent statement by TMC Financing. “By eliminating the nine-month rule for expenditures, businesses that have… [More…]

Striking a Good Deal Takes Chemistry

For Ralph Planzo, selling cars is a science. The former chemist is methodical, yet sensitive. And his formula works more times than not.

For Ralph Planzo, selling cars is a science. The former chemist is methodical, yet sensitive. And his formula works more times than not. Planzo, whose father owned an upholstery shop, said he never thought he would go into sales. The Springfield, Mass., native moved to the West Coast in 1950. He attended Long Beach City… [More…]