Monday, July 16, 2018

Equipment Financing For Your Capital Assets

Equipment financing - easier access to what you need!

Equipment financing is the fastest growing type of business financing.

The advantages: 1. It is easier to obtain and more flexible than traditional loans.

2. It can provide you with certain unique tax or accounting benefits.

Preservation of available credit

If structured properly the 'debt' does not have to be shown as a direct liability on your financial statements and consequently may allow you to preserve your borrowing availability with your bank and other creditors. This may also result in improved debt-to-equity and earnings-to-fixed assets ratios thereby improving how the lending community views your company in general.

Custom tailoring

Certain types of equipment financing may be obtained with a simple one-page application. Your payment structure can meet a variety of your business needs, such as;

• deferred payments,

• seasonal payments,

• balloon payments,

• quarterly payments,

• step up and step down payments.

For easier access to what you need click here for equipment financing.

Saturday, April 7, 2018

How to Get a Business Loan... Even when You Think You Won't Qualify

During this webinar we’ll dive into how you can get a business loan even if you have credit issues, don’t have collateral, or don’t have cash flow.

There are A LOT of available funding options for you and your business… but most of them you won’t find at your bank. During this webinar we’ll look at the financing you can get, where to get it, and how to actually get approved.

You Will discover:

What sources now issue over 98% of all business loans… and how you can get access to that funding.

Funding options that can work for you even if you have bad personal credit, no collateral, no cash flow verification, and even as a startup.

How to make sure you don’t get declined due to being in a “restricted industry” … and how to choose the right entity to reduce your personal liability.

12 items on your loan application that lenders heavily scrutinize… and how to make small tweaks to ensure you get approved.

How to get approved for multiple loans only because you have consistent cash flow… regardless of your business tax returns.

How to get 0% NO DOC business financing… and how you can get approved even as a startup.

The key to getting little-known-about alternative SBA loan options with great rates and long terms… even with average credit.

How to use collateral to get loans and credit lines with rates of 5% or less… and how to qualify even if you don’t have collateral.

How to get business credit for your EIN that’s not linked to your SSN even when you don’t qualify for other business loans… and how to get your HIGH LIMIT accounts quickly.

6 other forms of financing that most don’t even know about… and how to get approved.

During this webinar you’ll discover how to setup your application the right way where you’ll get approved.

And you’ll uncover the exact types of financing you can get regardless of cash flow, credit, or collateral… and the exact steps to get approved.

Monday, October 2, 2017

How to Get Business Credit?

Do you know how to get business credit? It is not hard to get. It does take a little work, but it doesn’t have to be a mysterious process relegated to the top executives of Fortune 500 companies. Anyone can create business credit no matter how big or small their company is.

Who Are You?

Before you can even start to build a credit rating for your company, you have to have the proper building blocks in place. You need to separate yourself from your business by creating an entity. Your business needs to be established as a real “thing”. One of the best ways to do that is to have a separate address for your company. Many businesses will automatically have that, but for those people operating their new company out of the garage, basement or bedroom that’s not possible. However, you can still create an identity by adding a separate, dedicated phone line to your business.

Make sure you are up to speed with any local licenses you need to have, and get an Employer Identification Number (also known as EIN) from the IRS. It is easy to get a number and you can do it all online in a matter of minutes on the IRS website. Get a DUNS number from Dun & Bradstreet. You will need a DUNS number to get business credit and it is the one that all outside creditors will use to report your credit transactions, both good and bad, and will help create a business credit rating.

Making a Plan

Even when you know all about your business it is important to be able to communicate what your business is about and that you understand it well to others. That is exactly what a business plan is made for. A business plan is a detailed overview of who you are and what you bring to the company, what your company is about, and how you plan to meet your goals. Lenders will want to see your business plan when considering your company for funding, especially if you are not using your personal credit to back the loan.

Bank Score

Something many people do not know is that when you have a bank account, usually a checking account, you get a bank score that actually weighs pretty heavily on your ability to get loans in traditional ways. Your business can have its own separate bank score. Open an account in your business name, with its own identification numbers, not yours. Operate all of your daily expenses, making deposits from income, paying your bills and making purchases etc, from that account. Within a few months you can have a very good bank score that will help you get loans and credit cards that allow you to get business credit.

Monday, April 3, 2017

Before Applying For a Bank Business Loan, Make a Good Business Plan

If you could be interested in starting a small business, then unless you can lay your hands on a copious source of prime hard cash, then you may possibly be thinking about looking into getting a bank business loan. There are many lenders that may be able to aid you obtain the vital business loan; these lenders have specialist start up business loans and are keen to start up new companies and have rates of interest that are designed for these sorts of start up business loans.

The specialist companies offering bank business loans will generally create a loan for the complete venture start up to encompass buying of land, bricks and mortar, stock and a stock register, equipment from the previous business owner, indispensable new hardware, and an adequate amount of working funds to last longer than short-term restrictions of workforce wages, repairs to hardware, company business cards, and some kind of company promotion proposal which may encompass a website making and promotion, etc.

Bank business loans may be helpful for starting up franchises ranging from two hundred and fifty thousand to a couple of million dollars, or existing corporations; the new business purchaser will require a credit worthiness rating of well over 600, a minimum deposit of one sixth of the total loan, and if possible some high-quality comprehension and former applicable experience with that kind of company.

Small business finance - Secured bank business loans Vs Unsecured bank business loans

If the above restrictions are met and the hopeful new company title-holder is keen to put up with a secured commercial mortgage, which as a rule means possibly releasing their personal residence as guarantee which the lending company can receive if the applicant fails to maintain their monthly commitment of the finance, then the desired small business finance should be reasonably easily obtainable; a satisfactorily planned commercial proposal, showing probable future sales (with some basis of market study to justify it) and a detailed predicted proposal of all credit and expenses for the next two or three years, would normally be a sufficient amount to get the requested business loan, if the concern is feasible.

Unsecured bank business loans for small business finance are a great deal more hard to obtain and may as you might expect be charged at a more obnoxious rate. Additionally the corporate proposal ought to be more detailed than intended for a secured commercial finance. A high-quality commercial proposal takes a good deal of work to develop, or else a wedge of cash if you manage to hire a business plan consultant to create it for you; it is extremely easy to become frustrated at this time of working to get the concern up and making money, as you possibly just would like to work the venture and start beginning to return the cash that you've fed into it; try not to be dejected and just attend to doing each thing that is vital to make a first-rate commercial design.

Beware using family members!

One of the most basic fundamentals for a flourishing business is the loyalty and know-how of the workers; lazy workers who are solely interested in justifying their personal requirements can rapidly develop into a lead weight to a company, particularly whilst starting a small business. Using relatives can pan out well if they are close members of the family and as fully motivated and loyal to the partnership as you. But do not trust kinsfolk outside of the close family circle - uncles, nephews, cousins, nieces and aunties, etc; they may hope that they can demand extra things with you because you are a relative, and determine to steal from your pleasant nature; starting a small business might rapidly lead to beginning a big nightmare.

If you are living in the United States of America, whatever the kind of requested mortgage, take care that any regulations insisted on by the SBA (Small Business Administration), are respected and followed before asking for an SBA commercial finance. The SBA will come up with useful business loan tips and will be working together with the lending company; no final deal can happen without the sanction of the SBA.