FUNDING YOUR BUSINESS MARKETING

February 17th at 10:30pm

Here are ten marketing strategies that can help you market your small business on a shoestring budget. Craft an elevator pitch. You should be marketing all the time — wherever you are. …Leverage your community. Collaborate. Network. Give a speech. Create buzz. Ask for referrals. Build relationships. If you are looking for a larger more aggressive marketing campaign, its best to have a good  financial funding . 10 Ways to Finance Your Business Finding financing in any economic climate can be challenging, whether you’re looking for start-up funds, capital to expand or money to hold on through the tough times. …Consider Factoring.GetTraditional Bank Financing.Use a Credit…

View Article

HOW TO GET A LOW INTEREST BUSINESS FUNDING

September 16th at 9:43pm

Low-interest business funding options include SBA funding and online loans. You’ll need good credit and strong finances to qualify. As a business owner with good personal credit and strong financials, it’s easier to qualify for cheap financing — meaning you can borrow money at a lower annual percentage cost. The average cost of working capital on a conventional small-business funding is around 4% to 6%. That said, cost of working capitals will vary across funders, with banks typically offering lower rates than alternative or online funders. If you’re like most small business owners, your search for business funding is defined by one, simple criterion—how affordable each business funding option is. If you are in need of a low-rate…

View Article

BUSINESS FUNDING WITH BAD CREDIT

August 26th at 9:25pm

Qualifying for small business funding when you have bad credit can be difficult but not impossible. As shown above, there are plenty of funders willing to overlook bad credit if you are strong in other areas like cash flow. Traditional funders like credit unions and banks prioritize credit scores in their applications so you likely won’t be able to qualify if you have a credit score below 680. Most businesses will find their financing needs best met by term funding, business lines of credit or business credit cards. These three products will usually provide the most flexible spending terms and…

View Article

HOW TO PREPARE TO REFINANCE YOUR BUSINESS DEBT

August 19th at 9:20pm

Obtaining new funding, at better cost and terms, to pay off your existing funding is small business funding refinance. By refinancing your business funding, you may be able to reduce the cost of working capital of your funding, change the length of your repayment, or consolidate your small business debt. Some of the reasons that people refinance business funding include: Reduce monthly paymentsReduce total APRReduce total cost of capitalAllow for additional borrowingMake payments more convenient (e.g., paid monthly instead of weekly or daily) To prepare for business funding refinance, you should: Create a Clear Goal for Refinancing Review Your Existing…

View Article

AMERICAN EXPRESS FOR SMALL BUSINESS

April 22nd at 8:18pm

American Express and business often appear on the same page, and there is a good reason for that. Amex has a solid offering of charge cards and credit cards for small business. These cards let you take advantage of the well established customer programs provided by American Express, including the Membership Rewards® program, Global Dining Program, and American Express Global Business Travel. American Express business credit cards come with a long list of useful benefits that can benefit your business. The exact benefits you receive will depend on which American Express business payment card you use. American Express® Blue Business…

View Article

FINANCING FOR SMALL BUSINESS

April 8th at 8:09pm

If your small business needs capital but doesn’t qualify for a traditional bank funding, there are several alternative financing methods and funders that may meet your needs. Here are some of the top financing options for small businesses. Community development finance institutions There are thousands of nonprofit community development finance institutions (CDFIs) across the country, all providing capital to small business and microbusiness owners on reasonable terms, according to Jennifer Sporzynski, senior vice president for business and workforce development at Coastal Enterprises Inc. (CEI). Venture capitalists Venture capitalists (VCs) are an outside group that takes part ownership of the company…

View Article

BUSINESS FUNDING 101

September 3rd at 8:25pm

Before you sit down at a bank — or in front of a keyboard — to apply for business funding, there are a few questions you should ask yourself. How much money do you want to borrow? What is the funding for and why do you need it? Those might seem like obvious questions, but many business owners don’t have the answers when they apply for funding. You must first figure out what you need to use the money for — business expansion, equipment purchase, debt payoff, inventory — and then determine how much you can realistically afford to repay,…

View Article

FUNDING A REAL ESTATE BUSINESS

June 18th at 4:09pm

When you’re first starting out in the real estate business, securing the capital you need to grow is a critical concern. Luckily, no matter your financial situation, there are a variety of options available to help new entrepreneurs shoulder start-up costs. We’ve outlined the most common ones below. 5 Ways to Finance Your Real Estate Business Hard Money Lender. Hard money funders are a financing tactic often used by real estate investors. …Microloans. Microloans are typically geared toward newer businesses or startups that need capital to generate further growth. …Real Estate Crowdfunding. …SBA Funding. …ROBS. As with any investment, each…

View Article