Business funding

Yes, there’s а way to get financing up to $200k with no personal liability or collateral. Start by filling out а painless application form!

CLICK HERE for the quick application.

 

The lender also consults about

    Crowdfunding

Sign into the first page of the application form as if you want а loan. When you talk with the agent, ask for the product you want. You are not under any obligation to complete the loan application if you don’t want а loan.

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Do You Want A Revenue Based Loan?

What is а revenue loan? A revenue loan, or revenue based financing, is an alternate financing option where repayment of the loan is tied to а percentage of the company’s revenue.

Finance

(Photo credit: Tax Credits)

Revenue based financing was historically used in the oil, gas, and mineral industries, and more recently, in the pharmaceutical and bio-tech industries. Today, revenue based financing is an increasingly attractive option to small companies, seasonal businesses, and agricultural businesses where there is not а ready source of venture capital available, or if the new or small businesses is without financial history or collateral.

Revenue based loans often require а minimal credit score, and no collateral. This is а higher risk loan that typically carries an interest rate between 18 – 30%. The loan term is typically structured so that 2-8% of the company’s revenue is pledged until the amount is paid off, and loans can be paid off faster than the agreed upon terms if the business is doing well and bringing in more revenue than expected.

Revenue based loans can be beneficial to both parties. Since the repayment of the loan is tied to revenues, the business will get а reprieve during times of slow-down or decreased revenues. This is а big benefit to seasonal businesses, in particular. The upside to the lender is increased payments and а higher annual return on the loan when the business is thriving.

It is very important to understand your company’s profit margins when considering revenue based financing. Finance experts generally suggest that а company should have gross profit margins of at least 15-25% before entering into а revenue loan agreement. The higher the profit margin, the more appropriate revenue based financing may be.

English: The Organic Business Guide - financin...

The Organic Business Guide – financing and the Break-even point (Photo credit: Wikipedia)

Can revenue based financing work for а start-up? Revenue-based financing has been typically used by mature businesses with predictable sales and profit margins. Start-ups are generally known for having less predictable revenue flows and lower profit margins, and may not be able to carry on normal operations with the burden of regular revenue-based payments.

Additionally, start-ups are typically in debt or investing heavily in capital improvements during this stage. Revenue-based payments could detract from the ability to pay down principal on loans or make investments in а timely manner. As in any type of financing agreement, it is important to have realistic projections in place regarding the ability of the business to meet the requirements of the obligation.

Revenue-based financing is one creative and flexible financing option that can reduce the burden of repayment obligation in periods of lower revenue. This is particularly well suited to а business with seasonal fluctuations in sales. However, revenue-based repayment terms are typically based on gross sales revenue, not net income, and the model might not be suitable for companies with lower profit margins, or for start-ups without а proven period of sales and profit.

Posted by Melissa Zimmerman

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Solopreneurs – The #1 Thing You Need For Solopreneur Success

Solopreneurs work hard to make their dream of independence and financial success а reality. It isn’t easy to run а business all by yourself, no matter the size or scale. Being the only employee in а company of one can mean that а large portion of your day is spent focusing on tasks that need to be completed, instead of focusing on growing or expanding your business. There is one simple, easy thing that the solopreneur can do to better manage time and resources: hire а virtual assistant.

Both the solopreneur and the virtual assistant have something in common – а desire to succeed on their own terms. A virtual assistant provides you the benefits of а paid employee with none of the drawbacks. Your virtual assistant can take care of the tasks and projects that need to be accomplished, while freeing up time for you to focus on growing and improving your business. Unlike а traditional assistant, however, you do not have to pay for office space, benefits, or even offer full time employment to get these tasks and projects completed. You can hire а virtual assistant for а project, for а set amount of time, or on an as-needed basis, with no benefits required.

Full Article > Solopreneurs – The #1 Thing You Need For Solopreneur Success

3 Principles for Climbing Out of the Pit of Debt

Getting into debt is easy. Getting out of debt, on the other hand, can be an arduous and lengthy process, which at times can feel demoralizing and never ending. If you carry enough debt to sufficiently stress you out, this comes as no surprise, and you’re probably thinking about hitting the back button on your browser so you don’t have to subject yourself to this depressing drivel anymore.

Not yet! We’re about to get to the good part where we tell you how easy it can be to climb out of debt, and how very possible it is for you to take firm control of your financial future, and start to feel really good about your debt-to-income ratio.

Debt Payment

Debt Payment (Photo credit: Images_of_Money)

If your personal credit is affecting your business’ fundability, you have even more reason to take stock, face the facts, and get down to the business of rectifying your finances. A good place to start is the Business Fundability website, where you can get а realistic picture of your current credit score and fundability reality and start looking at the details of changing the scenery.

Here are 3 core principals of debt reduction that will hold true through the entire process, and help steer you toward а richer, more relaxed future.

Principle # 1: Get your spending under control.

This involves taking а real honest look at what you are spending money on, and making а priority list of what you absolutely can and can’t live without. Maybe that extra latte for your afternoon pick-me-up could be replaced with а simple mug of black tea. Cutting а three dollar cup of coffee over the course of а year could potentially save you over $1000!

Principle #2: Don’t say ‘yes’ to purchases without understanding what you’ll have to say ‘no’ to. If you are operating within а budget (which you should be if you’re trying to dig out of debt) then you’ll be all too familiar with the fact that monetary resources are finite, and do not regenerate automatically like а lizard’s tail.

If you say yes to а purchase that isn’t in your allotted spending, you are essentially saying no to one that was, which flies in the face of the priorities you had when you set up your budget. This isn’t to say that you can’t rearrange or reprioritize, but think about the category you’d be taking away from, and make sure you aren’t making а hasty or emotional purchasing decision.

Principle #3: Round up your payments.

Paying bills with whole numbers is so much easier than using cents. It’s not really like you’re paying any more than your due amount, since the company will credit your account for the overage and you’ll pay that much less next month. Balancing the checkbook and getting а quick birdseye view of your spending becomes so much less daunting without all the extra pennies to count!

The beautiful thing about debt and credit scores is that they are fluid and ever changing, which is great news if you’re trying to get out of debt. Start today with а trip to Business Fundability, and get started on the road to less stress. keep in mind the three principles we just covered, and you’ll be ringing in the new year with а sense of peace, control of your finances, and hope for the future.

This entry was posted in Tips by Cara Steinmann.

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Considering Selling Your Business?

Image representing Snapchat as depicted in Cru...

Image via CrunchBase

Imagine being approached with а $1 billion offer for your business. A bit later, you get another offer for $3 billion – triple that amount. One more thing: your business doesn’t make any money yet – at all.

Now, imagine rejecting both offers, even though you’d be able to instantly retire wealthy had you taken either. Sound crazy? Maybe. However, this is exactly what Bobby Murphy and Evan Spiegel, 20-something co-founders of Snapchat did last year when they rejected those very same amounts from Facebook.

The “problem” with the offers was apparently that they weren’t enough. Three billion dollars might sound like а lot, but Snapshot’s leaders are thought to believe they can get even more in the future. They may be onto something since their unique service, which transmits messages briefly before they disappear, allows for greater privacy and seems to be а hit with the teenage crowd, features that make this а very attractive company given the current NSA backlash and Facebook’s decline in popularity among young users.

What should you consider when deciding whether to sell your business or not? Let’s discuss how to analyze if it is appropriate to sell your business.

Consider Your Goals

Consider whether а sale would help or hinder your personal and professional goals. For example, if you’ve already funded а cushy retirement account and have one foot in your Florida condo, it’s safe to say а good offer is all you need to hit the road. However, if you’re operating а fourth-generation family business, you might wish to pass it on to your children instead of selling it to the highest bidder.

Assess the Value of Your Business

Snapchat’s founders obviously don’t believe their company has reached its full potential. They appear to be treating it like а stock and waiting until it reaches its maximum value before selling.

Similarly and perhaps counter-intuitively, you’ll want to sell your business at its peak. Thus, if it is in the middle of а downturn, make sure it is pumping at full steam again before selling it.

Factor in the Market

Ideally, you’ll want to hold off on selling your business until favorable market conditions exist. For example, if you run а cyber security business, now would be а great time to sell due to fairly recent breaches and growing media attention to hackers. Conversely, if you build homes in the Detroit area, you may want to wait until the local economy improves before making the sale.

Think about the Competition

Increased competition will, at the very least, make your life as а business owner more difficult. It could also take food off your table. Keep this in mind if you’re ever approached for а sale by а larger competitor, since it may be worthwhile to take а good deal instead of competing with а juggernaut.

Consider Your Exit Plan

Make sure you have an exit plan before making а sale. This might mean lining up а corporate job or having enough money set aside to cover а long period of unemployment. Of course, if you’re financially and mentally ready to retire, pack your bags and head to Florida!

The Bottom Line

Deciding whether or not to sell your business is one of the toughest decisions you’ll face as an entrepreneur. The most important tip is to determine whether or not а sale is in line with your personal and professional goals. However, keep the other tips in mind so you can walk away knowing you made the best possible decision.

 

 

 
Clay Wyatt is the original author of this post.
Clay Wyatt holds а degree in Economics and five years of financial work experience. He has а passion for helping others make rational financial decisions. You can reach Clay at bzemail12@gmail.com.

 

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Competitive Wages

Imagine two companies hiring а new widget maker. Company A is paying one cent an hour, Company B is offering $14 per hour (the industry average) and Company C is offering $500 per hour. Which would you expect to stay in business?

 

In the above scenario, the knee-jerk reaction may be to assume Company C would attract the top candidates – and you’re right. However, it would have to charge an arm and а leg to afford them and thus Mr. Moneybags would quickly go broke. Company A would have the lowest payroll expenses, but wouldn’t get а single resume, so Mr. Scrooge would be left to run the widget factory on his own and quickly close up shop. Company B, meanwhile, would be in the best position to balance wages with market realities, and thus, be most likely to survive.

 
Full Article > Competitive Wages

Four Sustainable Construction Trends

English: John Willoner's Eco-House at Findhorn...

John Willoner’s Eco-House at Findhorn. Turf roof, passive solar, solar panel. (Photo credit: Wikipedia)

What comes to mind when you think of sustainability in your construction business? Is it using reclaimed wood and materials? A restoration instead of an entire tear down? Interest in sustainable construction practices and materials grows every day, and if you are not considering integrating sustainability into your builds, you may find customers are willing to move on to your more sustainable competition.

This year, The American Institute of Architects (AIA) and its Committee on the Environment (COTE) will celebrate projects that are the result of а thoroughly integrated approach to architecture, natural systems and technology for the 18th year in а row. Last year, the ten honorees were selected because of their positive contributions to their communities, improved comfort for building occupants and reduced environmental impacts through strategies such as reuse of existing structures, connection to transit systems, low-impact and regenerative site development, energy and water conservation, use of sustainable or renewable construction materials, and design that improves indoor air quality.

Project highlights incorporated sustainable practices such as on-site waste-water recycling, vegetated roofs that absorb and evaporate rainfall, using structural piles for geothermal heating and cooling, а commercial buildings that provide up to 7% of its own power needs from renewable photovoltaic and wind sources, and а residential home that produces 100% of its own energy needs with solar.

Don’t know where to start with sustainable building? Here are four trends in sustainability construction practices:

Focus on Water

Awareness of the coming crisis in fresh water supply, both globally and in the US, will increase, moving building designers, owners and managers to take further steps to reduce water consumption. Fixtures that conserve water, rainwater capture and innovative new onsite water technologies will become standard practice.
Aim for Zero (Energy Use)

Net-Zero Energy buildings will become much more commonplace, in both residential and commercial sectors. LEED and ENERGY STAR certifications are now too common to confer competitive advantage among building owners
Avoid “Red List” chemicals

Environmental and Health Product Declarations will begin to appear in large numbers in the next 2-3 years, as building product manufacturers increasingly try to gain or maintain market share based on open disclosure of chemical ingredients.
Utilize Sustainable Materials

Reclaimed wood is just the beginning of the sustainable materials available. Wool bricks are 37% stronger than other bricks, and more resistant to the cold wet climates. They also dry hard, reducing the embodied energy as they don’t need to be fired like traditional bricks.

Traditional roof tiles are either mined from the ground or set from concrete or clay – all energy intensive methods. Once installed, they exist to simply protect а building from the elements despite the fact that they spend а large portion of the day absorbing energy from the sun. With this in mind, many companies are now developing solar tiles. Unlike most solar units which are fixed on top of existing roofing, solar tiles are fully integrated into the building, protecting it from the weather and generating power for its inhabitants.

Paper-based insulation is made from recycled newspapers and cardboard, and is а superior alternative to chemical foams. Both insect resistant and fire-retardant thanks to the inclusion of borax, boric acid, and calcium carbonate (all completely natural materials that have no associations with health problems), paper insulation can be blown into cavity walls, filling every crack and creating an almost draft-free space.

If you really want to blaze а trail and stay ahead of the competition when it comes to sustainable construction, the Living Building Challenge can give you the certification and imperatives on which to focus. “The Living Building Challenge™ is а green building certification program that defines the most advanced measure of sustainability in the built environment possible today and acts to diminish the gap between current limits and ideal solutions. Projects that achieve this level of performance can claim to be the ‘greenest’ anywhere, and will serve as role models for others that follow. ”

Stick to sustainable practices, and the customers and market share will follow.

Original article posted by Melissa Zimmerman.
About Melissa Zimmerman
Melissa Zimmerman is а freelance writer with а varied background in e-commerce, real estate, financing, retail, and the health and beauty industry. She draws on these experiences and а never-ceasing passion for learning while perfecting her craft. Melissa lives in Central Oregon, where tech start-ups, microbreweries and outdoor adventures abound.

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The Advantages and Disadvantages of a Home-Based Business

If you’ve ever held а regular job, chances are you’ve yearned for the chance to work at home at some point. Long, unproductive meetings, annoying coworkers and various other corporate realities can drive even the most determined employee mad. And if you could become your own boss while dodging the office, that would seem even better.

However, as with any other career decision, there are advantages and disadvantages to consider. Here are а few to keep in mind as you make your decision.

Full Article > The Advantages and Disadvantages of а Home-Based Business

Are Smart Cards the Future of Payment?

Executive Vice President John Mulligan faced the Senate Judiciary Committee early this year to discuss the data breach that occurred at Target stores at the end of 2013.

From Nov. 27 – Dec. 15, an estimated 40 million Target credit and debit card accounts were breached, compromising customers’ credit and debit card numbers, expiration dates, PIN numbers and codes on the cards’ magnetic strips. Also stolen was non-card personal information (names, phone numbers and email and mailing addresses) for up to 70 million Target customers.

AMEX Blue smart card reader

AMEX Blue smart card reader (Photo credit: jmb1977)

“We know this breach has shaken their confidence in Target, and we are determined to work very hard to earn it back,” Mulligan said, apologizing at the start of the hearing.

Hackers infiltrated Target’s Point of Sale systems to obtain this information, а crime that also occurred at Neiman Marcus retailers last year. “The malware was evidently able to capture payment card data in real time, right after а card was swiped, and had sophisticated features that made it particularly difficult to detect, including some that were specifically customized to evade our multilayered security architecture that provided strong protection of our customers’ data and our systems,” Michael Kingston, senior vice president of The Neiman Marcus Group said.

Full Article > Are Smart Cards the Future of Payment?

5 Tips to Increase Productivity

Increase Productivity:

When you move beyond the land of the dollars-for-hours trade and become your own boss, productivity suddenly becomes of paramount importance. Your ability to work smarter, not harder, directly affects your bottom line, and means either more or less revenue for your company.

Sleeping

Sleeping (Photo credit: Ed Yourdon)

Here are 5 quick and easy ways you can manage your time better and increase your productivity during the hours of the day that matter most for your business.

Full Article > 5 Tips to Increase Productivity

Taxes And Things to Consider This Year

 

2013 was а year of many changes, and if you are not prepared for these come tax time, you and your business could be in for а costly surprise. If you think that your taxes will be the same this year as the year before, here are three things you need to consider.

English: Barack Obama signing the Patient Prot...

English: Barack Obama signing the Patient Protection and Affordable Care Act at the White House (Photo credit: Wikipedia)

Increased Rates for Top Earners

The top rate increased from 35% to 39.6% this year for individuals making over $400,000 or married couples making over $450,000. In addition, the long-term capital gains rate increases from 15% to 20% for those in this top tax bracket as well. A new Medicare tax on investment income adds another 3.8%, making this а total of 23.8%. The Medicare tax is on individuals making over $200,000, or for married couples making over $250,000. Business owners who find themselves in this top bracket will be paying more in 2014.

Expired Tax Cuts

Full Article > Taxes And Things to Consider This Year