Monthly Archives: December 2016

Get a Small Business Loan

Need some funds to expand or start a small business? If yes, then you are at the right place, because in this article we are going to talk about how to get a small business loan. Following are some very useful tips that will be helpful to you in getting a loan.

Choosing the Type of Loan

If you want to get the loan then it is very important to take a close look at the different types of loans available. Today there are many types of small business loans available and you have to choose one that will perfectly meet your personal needs. Nowadays, government loans are the most popular type of loans for small businesses because these kinds of funds are comparatively easy to get. These kinds of loans are especially good for people who have served in the military and other government employees.

Another type of loan is the fast business loan. Usually these kinds of credits or loans are acquired through more expensive means. The fast business loans are suitable for people who want to get a small amount for a short period of time. They are also known as payday loans and most of these fast lenders will not even need any kind of credit check.

Woman small business funds are generally available through various private groups or organizations. In order to find these groups you have to search on the Internet or visit your local public library.

The Documentation of Your Loan

After choosing the right kind of loan, now is the time to prepare documentation. When it comes to documentation, it is essential to know that your personal credit history will be relevant to your small business loans statement, especially if your small business does not have a long operating history. Bring your credit history with you to the bank or group from where you want to get your loan. With the help of this history they will make assumptions about how you operate your business.

You also have to show a financial statement in order to prove the financial health of your business. Specifically, banks want to know how much money you are moving in and out of your business. If want to get the loan without any issues, then you should prepare a detailed and precise statement.

Make sure that you have a functional and updated business plan. By preparing a comprehensive business plan you will already get your performance and financial statements prepared. Another important thing to tell about how to get a small business loan is that you must include your and your partner’s bio, your strategies, and track records in your statement.

Selecting a Bank for Getting a Loan

If your documentation is all set then you are ready to ask for the money. When it comes to getting a loan then a question always arises in our minds: “From where should we get our loan?” Start with the financial institutions with which you have had some business relations in the past. The advantage of these places is that these financial institutions already know your financial behavior and business history.

If you have not had any kind of business relationship with any financial institution in the past, then go to somebody who actually wants to do business. The best way to get information about the different financial institutions in your area is through the business section of the local newspaper. The local banks are actively looking for people who need loans for their small businesses and the process with the local banks is lot easier with multi-national financial groups

A Huge Benefit to Start-Up Businesses

Setting up a new business is never easy. There are innumerable details that need to be taken care of. Start-up businesses are mainly dependent on loans for almost all their business requirements. It is therefore extremely important to find an appropriate and reliable lending source to cater to their financial needs. However, since most conventional lenders and banks are not keen on providing loans to new business owners due to various security reasons, opting for SBA small business loans can be an excellent idea.

Small businesses can contribute immensely in developing and enhancing the nation’s economy. The Small Business Administration (SBA), which is a United States government agency that provides loans to small businesses with the aim of improving the country’s financial condition. These loans are meant to support the establishment of small businesses by providing through adequate financial assistance. These loans cannot be obtained directly from SBA, but through a number of their lending partners working in accordance with the SBA rules and regulations.

The SBA offers a wide variety of loans that demand different qualifications of the borrowers. The various financial programs offered by SBA such as surety bonds, debt financing and equity financing are designed to cater to the different financial requirements of borrowers. In order to avail a loan from them, it is extremely important to understand how the SBA works. Let us discuss some basic rules and regulations of the SBA:

    • The SBA loans are provided to business owners at a lower interest rate than banks and other conventional lending sources owing to the fact that start-up business owners do not have adequate capital to opt for loans with high interest rates.
    • SBA does not provide loans to small business owners directly. Instead, they merely set certain rules and regulations that are strictly followed by their partners, including private-sector lenders, micro-lending institutions and community development organizations, who are authorized by the SBA to provide loans to start-up businesses.
    • The loans are provided to the business owners under an SBA guarantee to ensure that the loan is repaid on time to the lending partners. Business owners cannot avail SBA small business loans in case they have the eligibility to obtain loans from other lending sources on affordable and reasonable terms.
    • You can obtain SBA loans fast and without any kind of hassles. They can be acquired on an immediate basis as soon as they are applied for. This can be immensely beneficial for start-up businesses that need financial assistance for all their business needs. Delay in acquiring loans can create problems for them in setting up the business.
    • One of the most beneficial aspects of SBA loans is that they can be availed even if you have a poor credit record including bankruptcy, insolvency, IVA etc. It can be an excellent way to improve your credit records.
  • SBA offers various kinds of loans, including 504 for purchasing real estate and equipment, 7 (a) for common small business loans, disaster loans and microloans. Not all banks issuing SBA loans offer the same loan programs. Moreover, in accordance with individual bank policies, the loan requirements for a particular program can differ from bank to bank.

The SBA rules and regulations for small business loans are designed to help start-up business owners and can be extremely beneficial for them.

Good Business Career With a Bad Record

You can now be a successful business man in spite of being a bad credit holder. The poor credit histories of your financial life will not influence your business life and earning good through it will become easier for you. There is no reason for you to worry by thinking this that where will you find out a suitable loan. It has been found to be happened with many that they are either turned down or are charged higher interest rates by the lenders. Many such unwanted situations happen with the bad credit holders. But after opting for the bad credit business loans such thing will not get to happen.

These loans are especially for the bad credit holders only and that is why; they do not find any problem in it. The allowed bad credit records include:

Arrears
Late payment
Skipping of installments
Defaults
Bankruptcy
CCJs

For supporting such borrowers, these loans have been divided into two forms. There is a good reason behind this division because each of these forms will be able to cater to the specific need of a particular borrower. The secured loans will be able to satisfy the big amount seekers. It will help the borrower with a bigger amount and the rate of interest in it is very low. The borrower would have to be a property-holder if he wants to get these loans. Others cannot get these loans without pledging collateral.

The unsecured loans are for the borrowers that are without anything to offer as collateral. Such loans offer small amount and these are ideal for small businesses. The rate of interest use to be a bit higher which can be avoided by opting for other suitable loans.

The bad credit business loans proves to be helpful in supporting one in buying the office or the land, in buying the raw materials and machines, in hiring man power and in other related activities of business.

Bad Credit Business Loans

Bad credit business loans is a financial assistance offered to poor credit holders facing bad credit like CCJs, IVA, late payments, arrears, defaults and bankruptcy. Any business applicant facing such poor credit can easily apply for these loans. Now your bad credit tag will not pose any problems for you. Even with your poor credit tag you can easily entail bad credit business loans.

These loans can be entailed in secured and unsecured forms. Secured bad credit business loans can be procured by pledging your valuable asset as security. You can offer to pledge your property or any other valuable asset as security. You can advance a loan amount of £5000 to even £100000. The loan term goes up to 25 years and can be easily met.

If you are unable to pledge any collateral then unsecured bad credit business loans can very well serve your purpose. The unsecured loan is offers smaller amounts ranging from £5000 to £25000 and must be repaid within 1-10 years.

The loan amount raised is provided at slightly higher rates of interest due to impaired credit records that pose a higher risk. Thus the lending risk is compensated by charging slightly higher rates of interest.

These loans can successfully sort the financial need of a big, medium or small business aspirant easily. Moreover, the funds generated can be used for meeting any financial obligation as per your requirements. You can start up a new business venture or expend the existing one. Other purpose can also be effectively dealt with such as:-

o Buying raw material
o Asset purchase
o Paying off debts
o Paying wages and salaries

Bad credit business loans can be procured through banks or online medium. Online way of applying is much faster and feasible. You can even search around for lower and affordable rate deal suiting your ability easily.

Solve Your Business Financial Needs

In a business the entrepreneur has to face various cash flow problems. Sometimes you might not have enough finances to deal with urgent cash need at that time your poor credit may pose a problem in getting an external; help as well. Thus considering the financial problem bad credit business loans have been customized for those borrowers who have bad credit records like arrears, defaults, late payments, CCJs, IVA and skipped payments. Now those having below average credit score can easily get financial help to meet business requirements.

Bad credit business loans allow impaired credit holders to easily accomplish their varying business needs. You can expand your existing business, start up a new venture, consolidate your outstanding expenses, purchase asset, hire personnel or buy tool and equipments. Such obligations can be easily met.

Bad credit business loans can be entailed in two forms secured and unsecured. By pledging your property or any other valuable asset you can entail secured bad credit loans. The placement of security will help you to advance a higher loan amount ranging from £100,000-£4,000,000 and depends on the value of collateral. The loan term varies from 5-25 years.

If you are unable to pledge your valuable asset as security or don’t have anything to promise then you can apply for unsecured bad credit business loans. You can advance a loan amount of £50,000-£250,000 for a term of 1-10 years.

These loans are provided at relatively higher interest rates due to your unfavorable credit records. Impaired creditors can even improve their poor credit records by paying their loan installments on time without defaulting them. Also once all the outstanding debts and loan is repaid in full your credit score will turn positive.

To save a great deal one can very easily apply for bad credit business loans online. Online application saves your time as you just have to complete a simple form. Moreover you can search and fetch a lower and affordable rate deal with flexible conditions easily.

Internet Marketing Business

A Work from Home Business in Internet Marketing is an admirable and potentially very lucrative venture. Doing it right the first time is difficult at best. There are so many areas to master, that information overload usually occurs before you even know where to start. The following Top 10 Tips, Tricks, and Cautions will help you avoid the Home Business pitfalls.

“Of the small businesses that fail, over 91% do so because of a lack of skills and knowledge on the part of the owner”… Dunn and Bradstreet

Your Work from Home Business idea can avoid being in that 91% by following the right advice, from the right people, right from the very beginning.

My research in the “make money online” to Work at Home field I found the following facts:
Federal Trade Commission – Consumer Protection, Facts for Consumers. In digging around their site I found a very frightening statistic “over 83.8% of all the “money making sites” they tested were scams”!! Sad isn’t it? You can read it here: ftc.gov/bcp/edu/pubs/consumer/invest/inv14.shtm that leaves 16% “good ones”. Granted that is still a lot. The good ones are out there but, you must be able to recognize the difference between the The Good, The Bad, and well,..The Really Ugly Scammers.

1. Don’t be an “opportunity seeker” avoid and resist all those “Make money on the Internet…blah, blah, blah” and “Work at home jobs” “MLM” and thousands more scams and gimmicks. Many are professionally written sales pages, and “sound” irresistible, only out to get your money. RESIST AND IGNORE.

Follow only quality proven advice from proven, professional Mentoring Programs. Do a lot of research before you jump in and start building a website. Find out if there is even enough interest/traffic to justify promoting your selected Niche. 3,000+ searches per month minimum to be profitable. If not, find another Niche.

2. Select a keyword rich 3-4 word domain name before you title/name your site, not the other way around. Match your Title to your domain name and high count keywords. Use a quality hosting company, not just the cheapest.

3. Build a detailed step by step, yet simple, Business Plan that will work for you and your niche, then follow it! Basic Plans are available for free, that you can modify to suit your own personal Business Plan.

4. Everything you are going to do in the Internet Marketing to Work from Home; writing your page copy, articles, writing squeeze pages, writing e-mails, writing product copy, writing sales pages, ALL require mastering Copywriting Skills. Find a Copywriting Business Coach that has a proven track record in Internet Marketing and Direct Marketing. Develop your own style of writing, just like talking to your best friend face to face. Practice, practice, practice. This is a critical step you must learn.

5. You Don’t Need a Lot of Software, a few carefully selected, necessary software tools is all you will initially need. Site design, Keyword Software, Article Submission Software, Directory Software, Auto-Responder Software, is enough to get you off to a flying start.

6. Once your site is up and functioning, DON’T submit it to the Search Engines. This can take weeks to months to get your site crawled and indexed. Instead, submit your site to Site Directories as many as you can using a directory submitter. This will get you the Oh so valuable high PR one-way links to your site. Then…..

7. Write good quality article(s) (400-900) words about your niche. Not a sales pitch, but good quality helpful information about your niche that people can use. Start with 2-3 articles. (A good way to practice your own copywriting style you are learning from your copywriting Mentor). Then write more articles, then more articles, then….get the idea? Article Marketing works!

One of the very best free sources of traffic to your site.

Selecting Time Clock Software

Evaluating a software purchase can be challenging, even stressful. Here a few hints and tips that apply to choosing a software system to track employee time and attendance. These ideas may save you some time and money. These tips can be used for all types of software purchases not just Time Clock Software.

Start Small – Try Before You Buy

For a small business a free trial is essential to determine if the selected system will meet your needs. Larger business should organise with the vendor to conduct a pilot installation. Use this time wisely and plan out what you want to evaluate.

Cooling Off Period

For high end systems for hundreds or thousands of users it may be worthwhile negotiating a cooling off period so that you are not bound to to a prolonged, costly contract.

Match To Needs

Keep it simple. A time tracking system should be a tool to simplify your business processes. Don’t choose an expensive or complicated system if your needs are basic. A company with 4 staff won’t need to invest in a system that can handle a 1,000 employees. Technology moves fast these days so match the system features to your current requirements and to the goals you have set for your business in 12 months time. Some software vendors offer ‘light’ or reduced feature versions. This can reduce the initial cost while still providing an upgrade path as your business expands.

Computer Equipment

Ensure that you’re aware of the hardware requirements of the software. The main thing to make sure of with a desktop system is that you have a version that will run on your PC or Mac and the version of the operating system you are using. If a centralised system is needed there can be large costs beyond just the physical equipment. For example network infrastructure, data and support from technicians. More and more businesses are choosing cloud based solutions to alleviate the resource constraints of IT.

Cloud Computing

Cloud computing or Software as a Service has many advantages for most businesses. Basically your time clock software will run on Internet based servers that someone else looks after. You just subscribe to the time clock service and scale up or down as needed. This gives you enormous flexibility and reduces your IT cost risks.

Customer Intelligence Tool Tips for Small Online Businesses

1. Route first.

Make sure you have internal route that support what you are trying to get done with your customer intelligence tool.

2. Work together.

As mentioned above work with other departments. Do not work in a silo. Involve sales to get opinion. Sales and marketing should always be aligned.

Involve upper-management and endure they know what is going and the value you are driving from the consumer buying behavior. Reports and dashboards can be used to show the impact of the Customer Intelligence Tool on the business.

3. Create quality content

Create content. Lots of it but don’t forget quality. Think about what buyers in your market want to hear about. Think about what they need to know to make better buying decisions. Content is important since it will be the base of all you’re nurturing and lead generation strategies. Make sure you spend quality time on it.

4. Start simple.

When dealing with customer intelligence, make sure you understand how the customer intelligence tool works before undertaking bigger customer intelligence projects. Start with high impact areas and easier processes first (sending out newsletter, basic scoring…). Once you understand your tool better then go for the more complicated tools.

5. Pace yourself.

As mentioned earlier, Customer Intelligence Tools offer a great deal of functionality. Make sure you take your time to learn all these different pieces and how they tie together. You are better off implementing what you know at first and then growing into the rest as you get more and more comfortable. Implementing everything at once will overwhelm you. Take your time, implement programs, and analyze the results and then move on to the next thing.

6. Implement customer scoring.

This is probably one of the reasons you bought the customer Intelligence software in the first place. Implement customer scoring to make sure you are sending quality leads to sales. There are many resources to ensure you are doing it right.

Customer scoring can be complex so we won’t try to explain here in one paragraph but you definitely should be implementing it.

7. Implement customer nurturing.

This is probably the second reason why you bought the customer Intelligence software. Implement customer nurturing techniques to ensure you are giving your customers the content they need to move them down your marketing funnel until they reached the stage of sales handoff. Nurturing is very dependent on your business and the industry you are in but one thing remains the same: you need high-quality content to be successful at it. You need to consider consumer buying behavior while developing your content.

8. Test, test and test again.

Ensure you are testing variations of your different content and delivery methods. Test landing pages, test email content, test email subject lines, and test everything. Do not change too many variables at once but always try to test something.

This will allow you to improve over time and increase your conversion rates dramatically.

9. Understand the data.

Customer Intelligence tools will produce a lot of data that you can look at. Make sure you do. You will find a wealth of information on prospective buyer behaviors that you can then use to improve your customer nurturing, customer scoring and various marketing campaigns. Try to look at the data once a week and do a deeper dig probably once month.

Conclusion

These are 9 tips to help you get on your way to a successful and rewarding customer Intelligence journey. If done right customer intelligence can definitely bring a business to the next level. Take your time. Understand who and what drives your business and grow from there.

Affordable Small Business Insurance Quotes Online

For small business owners, it is very important that they get insurance so that the can protect their business from any kind of legal matters that they might eventually encounter.

The Internet makes it easier for them because they can easily get small business insurance quotes and it is so easy to just compare one insurance from the other.

Generally, it can be divided in two basic categories. These are the P & C or the Property and Casualty Business Insurance and the Business Employees Benefits.

The Property and Casualty Business insurance is very important to any business because it concentrates on the planning and the operating of the business.

The main point is that the investments on time, hard work, and money can go down the drain just like that. At least with small business insurance quotes, the business owner can just get which insurance is appropriate for him and his business.

The nature of the business or what is called the Specialized Industrial Code or SIC determines the level of exposure of the business.

It is also the determining factor on the kind of plan that the owner should look at in order for him to know which one is the most appropriate.

Here are the three tips to remember when choosing the right P & C insurance coverage. First and foremost, the General Liability Insurance Coverage is a requirement for most businesses.

With this, the business is protected from most claims by third parties and the risks that can just happen unexpectedly. Today’s society claims or any law suit can simply ruin any business in a snap of a finger.

The worker’s compensation is also discussed. This is required by law in most states. If the company has employees that they are planning to protect from the claims of injuries, then it is essential you get a plan as soon as possible.

It is also important that the costs is within the budget so that the employees won’t be affected. Today, Worker’s Comp claims that when employers file for small business insurance, they are losses on their paycheck.

The employer must make sure that the small business insurance quotes he’s looking at won’t have that much detriment on the paycheck of his people.

Finally, Professional Liability & Errors & Omissions Insurance is a must for businesses that are part of professional services like accountants, lawyers, insurance agents, and medical providers.