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Fast Business Loan – Getting Small Business Financing

Do you badly need funds for your business? Are you lacking funds to continue the operation of your business? Do you need cash to purchase equipments and materials? If your answer is yes, then what you need is fast business loan. It will help you in getting financing for small business needs faster than other loan applications.

Having the capital to run your business is the key to growth and prosperity. In doing business, cash flow must be continuous in order to avoid delays. If cash is not available, the operations may be put to a halt, employees’ compensation would not come on time, delivery of raw materials would be stopped, and the reputation of the company will be put at risk. It is therefore important to have good alternatives in getting the resources necessary for doing business.

The good thing about fast business loan is that it can be easily availed. One way to look for these fast loans is through the internet. There are a lot of lending companies that offer quick loans. The competition with these fast loans is tough and this is where it comes to your advantage. A lot of these companies offer cheap rates for the loans that you applied for. Because it could be easily acquired, you don’t have to leave your home. You can do the paperwork on the internet and you can even apply online. With this method, the application is approved much faster and the funding arrives easily.

Fast business loans can be applied by people who have current businesses or people who are planning to start one. For those people who are starting one, all they have to submit is their business plan. It must have a description of the business, feasibility study, and other important details that relate to the business. For those people who have a current business, they will be required to present their annual earnings, sales, and their credit history. The information that is submitted is important because this is where the lending companies will base their decision whether they will approve the application or not.

If you need financing for small business, fast business loan is here to cater your financing needs. There are times that businesses badly need funding, with this type of loan, you can be sure that help will be given in no time. It is very important to maintain cash flow so that the business goes on. Make sure that you spend the funds wisely so that you won’t be burdened when it is time for payment.

Small Business Real Estate Financing Opportunities

I had a lot of great questions come in over the past week that covered topics such as construction loan interest calculations, multifamily financing, hotel financing, and private money lenders. The one that was the most interesting concerned small business real estate financing.

Buying real estate for your small business offers you, as the business owner, several advantages over leasing. The first advantage is that financing the real estate purchase helps small businesses grow into larger businesses by preserving capital during expansion. Growing a business is a cash management balancing act and the less money buried in facilities means more money for other necessary functions.

The second advantage is tax related. Funds to support the business can be diverted to help your personal portfolio by building equity in the commercial real estate housing the business. The lease payment that benefited your former landlord is now helping you reduce current business income from a tax standpoint, yet keeping it in your pocket through your real estate. Many owners take the property in their personal names and have the business pay rent to them rent to cover the property’s operating expenses. Some even have additional tenants to supplement the cash flow.

The third advantage relates potentially to your estate. If the property is in personal name and the business is unwound, sold, or terminated for any reason, that asset is not part of the business transaction. This can simplify an otherwise complex situation.

There are two types of small business real estate loans. One is guaranteed by the Small Business Administration (SBA), the other we’ll call “conventional.” Both offer a business owner a loan amount up to 90% of the purchase price of the property used for the business. The government guaranteed financing tends to have a somewhat lower rate, but requires a great deal more paperwork. Conventional financing is the more flexible by offering different documentation requirements and potentially faster funding.

Conventional Small Business Real Estate Financing

In recent years, some lenders have created SBA “look-alike” or conventional programs that have fewer restrictions than SBA-guaranteed financing. For example, they allow the owner-user to occupy less space in the property than the 51% required by the SBA, allow for reduced or “E-Z” documentation (no tax returns), and don’t require additional collateral such as a primary residence. Depending upon the type property that is being financed, conventional small business real estate loans may allow as much as 90% loan-to-value (LTV) financing, although some special purpose property types, such as hotels, restaurants, and gas stations are limited to lower LTVs. Construction to permanent loans are also available on a conventional basis, allowing a business owner to custom design a property for the needs of the business.

The Small Business Administration

The Small Business Administration is a quasi-governmental agency established to assist small business owners obtain financing for their business operations. The primary form of collateral for SBA loan is owner-user business real estate. SBA funds can be used for a variety of purposes including the acquisition of business real estate, business property, operating capital and any other legitimate business purpose.

SBA loans are typically used for single-use or single-tenant properties where the owner of the property is the owner of the business using the property. The SBA’s rule of thumb is that 51% of the property must be used by the owner-operator to qualify for the agency’s guarantee. There are often other restrictions placed upon the owner to obtain this financing such as: Annual reporting and cross-collateralization with the owner’s primary residence. The SBA finances office buildings, retail centers, automotive centers, warehouses, light industrial (manufacturing) facilities and a host of other property types.

Most federally regulated financial institutions offer some form of SBA guaranteed financing. It’s too profitable for them to pass up. Unfortunately, not all of them are good at it.

Realistically, you should be in business at least two full profitable years and have another three to five years of history working in that business if you business if new. You’ll need to show a lender how the new property will benefit your business through projections and in particular, the SBA is always concerned with how many new employees you are likely to hire. In the final analysis, there is a wider range of financing options for the small business owner today than ever before. If the opportunity presents itself to you, small business real estate usually makes sense for both the business and to the owner as a personal wealth building tool.

Small Business Financing Ideas – You Can Start a Small Family Business For Free

If you are thinking about how to finance a small business you may want to consider bringing your family together in business virtually investment and risk free. Starting a business is an exciting endeavor. Perhaps it is something that you’ve been thinking about for some time, maybe a way to bring your family together with common goals and shared experience. If you haven’t fully decided on what type of business to open there are a number of avenues to research. As a veteran of both traditional business, i.e., retail stores, restaurants, boutique shops, etc., and online enterprises I have a good feel for both worlds.

There are advantages to both, but if you are looking for a risk free, investment free, inventory free and no headaches of insurance, rent, and the hiring of employees, I suggest that you and your family look into a business that for the most part can run solely online. This doesn’t mean, of course, that there isn’t the same kind of commitment, team effort and diligence needed to get a new business on the internet off the ground. The difference is that profits online can often vastly outdo those of traditional business.

There are several health and nutrition companies, often called hybrid or network marketing companies, that actively seek small business owner-minded individuals to market their products for them, and to pay them lucratively for doing so once they build substantial business networks of customers and other entrepreneurs. This is not to say that money cannot be made from the get go, but the big money here, $25,000 per week or more, comes from a team effort. This is why starting a business as a family can have such an awesome financial reward. To achieve such a lofty payday is within reach if you start with a business online that has a product that a lot of people want to buy, an effective and expeditious distribution system, great training and support, and a compensation plan that is unlimited in its financial rewards.

Do some homework, weigh the pros and cons of both traditional and online businesses, and see what suits your own family’s interests and shared goals. A business where everyone involved is excited and driven to succeed can be an unstoppable force. You don’t need to finance a new business and spend thousands of dollars when you can get the same or better rewards with an online business virtually for free.