Financing » Tips

10 WEBSITES TO HELP GET YOUR BUSINESS CONNECTED

Sr. Feature Editor — Mon, 02 Mar 2009 16:00:02 +0000

With over a billion sites on record and growing, it is easy to get bogged down and bookmark hundreds of business related sites. Most experts say that the average user actively seeks out less than 5 sites in any particular internet session. With that said the following are our suggestions of must click sites:

When you are ready to fund your business, this is your site. Wait a minute, you are already here, need I say any more. Click and fill out the application and we can discuss your funding needs.	www.financing.org
Mainstream periodical which has helpful articles that I have always found useful.	Businessweek.com
The US Chamber of Commerce. Geared for big business, it does have helpful information for start ups and small enterprises.	US Chamber of Commerce
Leading Periodical with lots of helpful information.	Entrepreneur Magazine
Google Business News – Hey the rise of the evil empire, still gets current business news compiled from the universe of business stories published daily.	Google News
Internal Revenue Service – This isn’t your father’s IRS .	IRS
Small Business Administration. They may not be lending, but they do have useful information for the small business.	US Small Business Administration
SCORE – Free Business Advice and Business Plan Templates. Great source to bounce ideas off of.	SCORE – Advisors to American Business
Guy Kawakaki’s foray into the online community. I am a huge fan of the Art of the Start and this site.	Startup News
Cutting edge blog on business management. Created by some Silicon Valley Execs.	trizle.Rock.Business

Honorable mentions: Bloomberg.com, Forbes.com, Inc.com, CNNMoney.com

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Bad Credit Credit Cards – Getting a Credit Card When You Have Bad Credit

Feature Editor — Wed, 04 Feb 2009 11:47:37 +0000

Having a bad credit rating can really make it hard to get more credit and loans, which you may need for the financing of cars, college courses or even houses, as mortgages are included under the heading of ‘loans’. Some credit companies won’t touch you at all and will just refuse to lend money to you if you have got a bad credit rating for defaulting on previous loans and credit card debts. However, if the worst happens and you find that you have bad credit, you can actually find some credit companies who will deal specifically with people in your situation, allowing you to consolidate all your bad credit on to one credit card and pay it off through regular monthly repayments on one loan.

Bad credit is sadly becoming a fact of life as the credit crunch bites. If you need a loan but you do not have any collateral with which to secure a lower interest loan, you may have to start off with a bad credit loan; consolidation of your bad credit can soon follow as you’re tempted to take out a credit card or two to tide you over between checks – after all, you have to live, right? A bad credit credit card can be either secured or unsecured, depending on whether or not you own a home.

The reality is that a lot of people simply do not have the money to pay for what they want and need in life like a car. If you already have bad credit – as people start early defaulting on their payments these days – then they will probably need to take out a bad credit credit card; this kind of debt consolidation can help you because you can bring all your debts together and begin to pay them off in one monthly payment. That gives you financial peace of mind and lets you enjoy your life again, so long as you are sensible and don’t continue to run up ever higher debts on the credit card.

A bad credit credit card consolidation deal can solve one of the problems of bad credit loans – high interest rates on your repayments. Consolidating your debts by placing them with one lender can often induce them to offer you a lower interest rate but you need to shop around, as many bad credit credit cards are only offered at a high interest rate as you have already proved yourself to be a bit of a risk by running up bad credit in the past.

Consolidation of your debt onto one credit card should, however, simplify things for you. It should mean that you don’t owe money elsewhere and so long as you are careful and don’t go on running up debts, this arrangement should give you the breathing space you need to sort out your finances. If you find the right bad credit credit card for you, you will find a loan company willing to lend you money for things you need, at an interest rate you can afford.

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Are You Ready to Start Your Own Business?

Sr. Feature Editor — Thu, 27 Nov 2008 00:07:19 +0000

In the “olden days” before the growth of the corporate economy, most people worked for themselves. Whether you were a shopkeeper, a farmer, an artisan or a professional, you lived or died by what you could produce each week. Over the past century, more and more of our economy has moved into a corporate marketplace where most people are employees of larger enterprises. Along with the commitment to living as a “Company Man” came at least a sense of commitment from the company to keep you working, provide you with health care, and wrap you in a pension when you retired.

Today we are watching the unraveling of much of that employment model. Defined benefit pensions are. almost a thing of the past outside of the government sector. Tens of thousands of workers are facing early retirement and layoffs across the spectrum from auto workers to investment bankers. Over the next few years, those workers will face the challenge of creating their own economic value. While some will recycle into new positions, many will become self employed. There’s a great survey from the SBA to help you decide whether you are ready to start your own business.

Check out the SBA survey here.

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10 Steps to Getting your Business Funded

Sr. Feature Editor — Wed, 26 Nov 2008 22:37:54 +0000

The process for implementing a Small Business Financing Package isn’t magic, but it does require a level of knowledge and expertise. The old time bank robber was once asked why he robbed banks. His answer: “Because that’s where the money is”. As any businessman who has set out to fund his business can attest, knowing that the bank has money, isn’t enough to get the bank to let you borrow it. Every bank has a defined set of profiles for determining the types of case they are willing to fund. Companies like Aviva have varied products that cater to different profiles. At Financing.Org our expertise is in know how to package your loan applications and how to identify the proper institutions to ask. We know where the money is, and more importantly, we know how to ask for it.

Our Small Business Financing Program is really quite simple:

You Apply Online or call us.
We’ll provide you with our Loan Analysis Data Sheets, so that we can better understand your unique business circumstances. You complete and fax back to us the completed Loan Analysis Data Sheets
We’ll do a preliminary case review, and provide you with a complete review of your options, along with a Letter of Engagement. You return our Letter of Engagement.
We pull your Business and Personal Credit Reports, and determine any submission conditions that need to be resololution before submission of final Loan Applications.
We will work with you to resolve as many of these Submission Conditions as possible. During this time we will work with you to structure the kind of credit behavior and credit file that banks require to provide you with funding. The scope of the submission conditions that need to be resolved, together with your level of cooperation, will determine how your case funds.
We will work with you to establish the types of trade credit and business financial profile that provide lenders with security and comfort.
We will build a Business Financing Plan tailored to your circumstances and requirements. This plan will identify the Banks and other Small Business Lenders in our system to whom we will submit your applications.
We will work with you to create and submit proper lender applications and documentation.
Acting as your agent we will supervise all information requests and work with you to resolve all funding requirements presented by our lenders.
As each round of financing funds, we will work with you to integrate those credit facilities into your business, and prepare your for the subsequent round of business financing.

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