Although we may not have met, you have our sympathies for loss of your job. It’s a shock and leaves you with a great deal of uncertainty and loss. It’s depressing. It sucks. But in the long term, the news is good. Life goes on. If your job caused dread and anxiety, that’s gone. If Read More

In years past, options for financing your business were limited. Just a generation ago, your bank was the first of few stops available if you needed a business loan. If you were old enough to be in business before the mid-1990s, you may recall how formal it was. You had to make an appointment with Read More

No doubt, this strange virus is causing a panic around the world. At a death rate of 2.5 percent, but with 82 percent of cases classified as “mild”, needing no medical intervention,  the actual number of deaths is low relative to active cases. However, airlines, governments, and millions of people are treating the coronavirus with Read More

“Michael” owned an upscale sports car business. If you wanted to purchase a slightly-used Mercedes-Benz, Ferrari, Lamborghini, or Bugatti, Michael was your guy. If you wanted to customize your car with decals, mag wheels, or other “aftermarket” accouterments, call Michael. It could be a glamorous business, but it has a small, specialized market, not known Read More

According to often published statistics, more than 80 percent of small businesses fail. On the surface, this is lamentable and common scapegoats for small business failure are often “the economy” or “systemic disadvantages for small businesses” or “lack of access to capital”. However, the causes for business failure are quite often preventable through sound practices, Read More

“Pete” owns and operates a well-established plumbing company, founded in the 1920s. Pete had about two dozen employees and was a fixture in his community and the local Chamber of Commerce. For many years, his business thrived, providing plumbing contracting services to the local public school district. In 2008, the collapse of the real estate Read More

“Johnny” founded an LLC. The LLC was to be an a.m. radio show that covered topics of music, nightlife, and the social scene in New York City. He was also planning an informational website in conjunction with the show with an e-commerce function that would sell promotional merchandise such as t-shirts, hats, key chains and Read More

Through peer-to-peer lending, you may be able to obtain funding for your startup. Generally speaking, it is hard to obtain start up loans from banks. At Triumph Business Services, we highly recommend forming a corporation or LLC prior to starting a business or seeking financing for a business. Such a legal structure for a business Read More

A “friend of a friend asking on behalf of another friend” asked me to help finance part of a building acquisition. “Michael” wanted the loan arranged through his representative, “Jay”. The amount requested was $1 million. With great flourish, Jay told me about Michael, who was requesting the money. I learned of Michael’s great wealth, Read More

“Ophelia” is a recently retired New York state corrections officer. I contacted her in advance of her incorporating her business. Her plans were to start a funeral home in the Queens borough in New York City. After listening to her plans, I described what her banking relationship should look like once she was incorporated. She Read More