New Business Finance Guide: Looking Into SBA Microloan Programs, Lines of Credit, and More

Everybody knows you need money to start a business. The amount required and how it’s obtained varies considerably depending on the owner, type of business, industry, strategy, advertising plan, and so forth. If you’re one of the lucky ones, you won’t need much at all, or you already have more than enough to get start with already and won’t have to take out a loan or look around too much to obtain new business finance.

When looking for ways to get money for your business, there are two primary factors to keep in mind: debt and equity. Debt refers to the line of credit that provides you with the amount of money you need, which will have to be repair after a period of time.

Equity requires that you sell a part of your company, in which case you won’t have to pay back the investment because the “owner” of the equity you sold will get benefits, cash flow, voting rights, and basically a stake in the company. How much stake each investor gets varies depending on how much they put in and what was agreed upon.

Even if you do get approved for a new business finance loan, you might not get the full amount you applied for. The way to improve your chances is to make sure you have a high credit score and that you are able to present to the lender, in as much detail as possible, the amount you need, why you need it, and how you are going to spend each and every dime of it. Provide some proof that you will be financially stable enough to make payments.

Microloan Programs for New Business Finance

SBA Microloan Programs are worth looking into. These aren’t as well-known a some of the other SBA type of loans. They don’t provide the funding directly; rather they do it through an intermediary. In order to qualify, the intermediary might require you to get some kind of training. There is a big advantage to getting approved- not just because you’ll get some (if not all) of the money you’ll need, but because the training and assistance will help increase your chances of success.

There are also lines of credit to consider if you think your credit score is high enough that you’ll be approved for a new business finance credit card.

When it comes down to it, your best option is US Business Funding. Through here, you can get streamlined, fast loan processing, a high approval chance, flexible approvals for those who need new business finance but don’t have perfect credit.

New Business Loans Guide for Small Business Owners and Entrepreneurs

It’s not the easiest thing in the world for a new business to obtain the money it needs to help get started. New business loans can be difficult to get unless you have excellent credit and a good plan in place. If you can get approval, you’ll get the proceeds you need for things like working capital, equipment, supplies, machinery, inventory, advertising, or maybe even real estate construction or commercial building rental.

One thing many lenders will expect you to do is determine your personal equity. How much of it will you be able to bring to the table? Lending institutions tend to require that you are able to bring 20% – 40% of the total loan amount you are requesting.

In the 21st century, there are many more options available for start-ups than the traditional loan from a bank. However, before you apply for any type of funding, you must prove that your company qualifies as a small business. Small businesses are usually measured by factors such as number of employees, number of years (under 2) in operation, number of employees, generated income, types of assets and their value, revenue, and so forth. Most traditional lending institutions require that you put of collateral and a guarantee that you will repay.

Your Credit Score and New Business Loans

If your personal credit score is very high, you might want to look into getting a credit card to use towards your business. The line of credit might not be enough to cover everything you need, but it’s a good start. There is no rule that says you have to get all of your funding from one source. There are a variety of microloans for which you might qualify, such as those offered by the SBA and other non-profit organizations. These types of new business loans can be used for the purchase of inventory / supplies, furniture, working capital, etc.

As for alternative start-up business financing options, such as grants and crowdfunding, you’ll want to put more of a focus on our business model as opposed to your credit score. These types of funding are worth looking into if you have poor credit. However, in order to impress crowd-funders, grant organizations, angel investors, etc… , you’re really going to have to come up with a great message and marketing campaign.

Once you get all of your documentation, files, financial records, financial plan, etc. together, you can start checking for new business loans at US Business Funding. This organization has 95% approval rates and offers flexible terms and payment options.

How To Grow A Small, But Resilient Business

Small businesses, particularly those looking for an organic growth fail more often than they think. The success rate being fairly low, startups and small businesses need a foolproof strategy to be successful in the long-run. There are several things a small business owner can do to take her business to the next level. While on one hand, setting up of goals, planning in that direction and organizing the tasks is imperative, staying put with the latest technology is also equally important on the other.

The latest trend that small businesses have been seen to follow is embracing the cloud technology. The bookkeeping technology has taken a sharp turn, moving up from the traditional methods to accounting on the cloud.

QuickBooks Cloud: A New Way of Managing Finances

QuickBooks Cloud is bookkeeping software that serves the users with all of the necessary accounting tools at a single platform. It has not only made accounting and bookkeeping easier for its users but also made documenting simpler for CPAs, entrepreneurs and owners. Here is how an entrepreneur can grow a small but resilient business with the help of QuickBooks Cloud.

  • Embrace The Cloud, Once and For All

To compete with the larger firms and make a mark in the market, firms need to move to the cloud already. QuickBooks Cloud is an innovative way that offers anywhere, anytime accessibility along with a slew of unique benefits such as printing checks, managing payroll, keeping a track of inventory, managing the invoice etc on a single platform, without depending on paper.

  • Enjoy Increased Productivity Finally

Small firms need to work on their productivity. Since the workforce is comparatively smaller, SMBs need to work out a system that helps them to grow. QuickBooks cloud is highly scalable, thus when a firm grows, the growing functions can be easily managed without increasing the firm’s expenditure.

  • Make Tracking A Habit

In the traditional methods of bookkeeping, entrepreneurs would keep a lot of tasks on the mind instead of on record. This can be classified as an inefficient method of running a business as it is a careless method of tracking the tasks. With QuickBooks Cloud, tracking can be done on the software in no time. The software unfailingly reminds the users to make the payments on time, to track the inventory and to schedule or/and attend the upcoming events.

  • Keep Up With The Taxes

QuickBooks Cloud helps its users to stay updated with the changes in tax laws. Along with that, tax payments have also become a lot easier as QuickBooks software helps to organize the taxes beforehand. Tax payments with QuickBooks are a stress greatly reduced for the firms.

  • Be A Learner

A successful entrepreneur understands the importance of being up-to-date with what’s latest. Learn where the competitors and leaders are going. The customers need keep on changing and so does the market. Thus, a SMB must keep up with the market to be in business in the long run.

  • Backup and Backup

Cloud means multiple backups. And with QuickBooks Cloud, an entrepreneur is making sure that he has several backups for his most valuable company’s data. Loss of data owing to any possible cause can mean a loss of thousands of dollars to the firm. Thus, every company is required to keep its data safe.

  • Enjoy Better Planning For Your Business

Cloud helps the firms to plan its future in a better way. The scalability feature of cloud helps firms to expand and contract their functions easily. With easy access from anytime, anywhere, the entrepreneurs can carry out the work with the clients and CPAs even if they are located at a remote location in any part of the world. Thus, better planning and problem solving made easier on multiple levels.

QuickBooks Cloud has helped young entrepreneurs, CPAs and owners of small and medium sized businesses to do more at a single platform. With cloud computing technology, the users will not only save their time and money, but will also stay up-to-date with the latest advancements in the field of bookkeeping. Businesses thus looking to compete with the larger companies can start with accepting QuickBooks Cloud server for running their accounting operations in a more resilient manner.

3 Essential Steps for a Successful Facebook Business Page Start

One would think that every business on planet earth have a Facebook business page… right?… Especially since according to Facebook there are over 2.5 billion monthly users. Some find it hard to believe that Facebook is still the largest social media network worldwide.

More arm twisting. As of June 2018, 55.1% of the world’s population has internet access. So, your growth on Facebook is immeasurable. The future is even brighter because more people are gaining access daily who will soon join the Facebook Platform.

A 2017 study found that 57% of consumers say that social media influences their shopping decisions. Out of that 57%, 44% said that Facebook of all social media platforms was most influential.

The stats and data are straggling based on current and future digital trends, if you’re trying to promote your local business, increase brand awareness, generate leads, or increase online sales you can’t afford NOT to grow a following of raving fan… and it’s FREE!!!

Continue to follow along because we are going to share 3 Facebook marketing strategies you should employee right out of the gate. You can do this even If you’re a complete non-techie. And if the sound of the word “The Facebook” as my mother-in-law calls it, (she’s 91 years young), or any type of digital or social media marketing scares you to death, these simple Facebook marketing tactics are especially for you.

Let’ s Get Started!

Step#1. Ascertain your vanity URL:A vanity URL is like a vanity license plate. It’s an easy way for others to know you are within a quick glance. Once your Facebook business page is published you can request your vanity URL. There is one criterion. You will need 25 likes to qualify.

Getting those 25 likes should be easy if you start inviting your friends and family to your page. Gaining your vanity URL will give you a page URL which looks like this. Once you have your Facebook Business Page URL (vanity) add it to all your marketing material. Your goal is to grow your followers and fans.

Ie. http://www.Facebook.com/pytalkbiz oppose to this => www(.)Facebook.com/12987-kkj&*%#

Step #2. Pin Your Post: Pin your best post or pin your welcome page. This means you can make one of your posts static. That way every person who visits your page will see the same first post. It’s simple. Once you create a post, right-click on the post, there you will see your options. Click on pin post and you’re set.

Step#3: Post relevant, timely information. So now you will want to start building your brand by posting relevant information.You can post images, posters, inspiration, or engaging content. But remember images and videos are viewed many more times than content. Today is the era of entertainment.

Additionally, experts recommend posting at least 1-2- pieces of content daily. Try to upload enough content to keep your page from looking vacant, abandon, or empty. No one wants to be the first person at the party.

Lastly, make certain your content, photos, and images are fun, informative, and engaging. Share the best information possible. Be helpful, informative, answer questions, and openly address criticism.

9 Ways to Organize Your Small Business Using Binders

Staying organized is key to an efficient, successful small business. A must-have organization tool is the binder. A binder, with its labeled page dividers and paper, can make order out of chaos in such a simple and affordable way.

Vinyl binders are a great choice for the office because they are durable. There are many vinyl binder options available. There are binders with round or D-rings. The 3 ring binder is a popular choice. In addition to the standard 3 ring, there are 2 ring, 4 ring, 6 ring, 7 ring and more. There are different sheet sizes, pockets and you can customize your binder with logo printing on the cover. Poly Binders and Entrapment Binders are other available options.

Binders organize priorities, goals and time to achieve a more efficient workplace.

Organization online resources and apps are wonderful, but when your Smartphone loses its charge or the Internet service is out, there’s nothing more satisfying than sliding a binder off the shelf to use as you work, hold a meeting or jot down ideas.

Here are 9 ways to use a binder effectively:

  1. Schedule calendar. It’s a time management tool that can be included in the office binder.
  2. Ideas. An idea section helps organize employee suggestions and notes that can be referred to during the next team meeting.
  3. Advertising. Corporations may need several binders to keep track of advertising clients or where they advertise. A small business can have two sections in the same binder; who is advertising with their company and where they are advertise. Reports showing money spent and ad response should be included. The section can be used during meetings to discuss whether or not an advertising campaign is an effective use of funds.
  4. Social Media. Keep track of social media marketing campaigns, networks, blogs, and goals.
  5. Goals. Departments have goals: weekly, monthly and annual. A section in the department binder is the perfect place to keep track of projected goals, and inforgraphs, charts and tables that show progress. Include short terms as well as long term goals.
  6. Budget. In this section you can organize monthly QuickBooks or other accounting reports and statements concerning gross income and expenses that can be referred to quickly and easily.
  7. Project List. Whether it’s a blog piece deadline, social media marketing campaign, or upcoming trade show, your business has projects in the works that can best be executed when properly organized.
  8. Inventory. If you have a retail business, whether brick-and-mortar or online, an inventory section can help you organize orders, payment processing, shipping, tracking, reports and more.
  9. Office Equipment and File Maintenance. Chances are you neglect the necessary maintenance of your office equipment and electronic files. Organize dates to have the laser copier serviced, back up computer files, clean the computer cache, and clean the computer keyboards.

The above organization tips offer easy solutions to common problems. If you use even a few of the suggestions, your time management skills and productivity will improve. A binder can help you prioritize projects. Your business will operate more economically. And best of all, your stress level will decrease.