Small Business Resource » Capital Loan http://freesmallbusinessresource.com Manage your business more efficiently! Sun, 05 Feb 2012 06:07:17 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Ideal Finance for Your Business http://freesmallbusinessresource.com/ideal-finance-for-your-business/ http://freesmallbusinessresource.com/ideal-finance-for-your-business/#comments Thu, 19 Jan 2012 06:07:01 +0000 admin

A perfect combination of discipline, hard work and proper training can take your business to new heights helping you in accomplishing the desired success. Discipline is needed in every area in an organisation ranging from managing the employees, maintaining the environment of the organization, coordinating the work in the organisation or the finance.

Maintaining discipline in the field of finance is the primary function of every businessman. It is truly said that money moves the world around. And the same applies to the world of business. Every business needs adequate finance for its smoother running and managing it is a tough task. Need for funds may arise anytime in a business, in such circumstances, commercial secured loans can be the best source of finance for the UK businessmen.

Commercial secured loans as the name indicate are tailored for businessmen who need funds for commercial purpose. These loans are very flexible and come in variety of structure to meet the diverse needs of the UK businesses.

An important feature of commercial secured loans is that the borrower needs to put a security against the loan. Any of these - commercial property, equipments, invoices or order books can work as collateral against the loan.

Big as well as small business projects can be financed with commercial secured loan. These loans are multi-purpose loan and can be put to diverse uses namely the purchase of business premises, expansion, residential and commercial investment or property development and for many other commercial purposes.

Commercial secured loans provide affordable and effective solution to access the required capital. Loan terms attached with commercial secured loans are usually longer ranging from 10 to 30 years. Borrowers with commercial secured loans get an opportunity to withdraw an amount ranging from £75,000 to £15 million depending on your business trading history, borrower's Credit rating, industry type and the collateral kept as a security against the loan. Some lenders can also provide you the loan of even a higher amount if they find your financial status worth.

The loan market at present is swamped with large number of lenders competing to grab more and more customers. You can make use of this opportunity and can seize the best loan deal. Many banks, financial institutions and online lenders can offer you commercial secured loans. But, in case you are looking forward to get the best deal in the most convenient way online lenders are the best option.

Online loans offer complete ease and comfort in getting a loan arranged. You just need to fill in a small application form online and the lenders will contact you as soon as they find appropriate loan deal that matches your individual circumstances to the best. You can search online commercial secured loan providers through various search engines namely google, yahoo or any other. Browse through the lending websites, you will definitely find the loan deals amazing. Don't choose any loan deal you are offered blindly, collect loan quotes from all the lenders and compare among them. Thorough research will help you get the best loan deals that attach best loan terms with it.

Shortage of funds in a business can be easily met with commercial secured loans. Stay focused on your goals, try to keep track of your funds, the opportunities are just as great today as they ever were you just need to work a little harder.

Copyright © 2009 Small Business Resource

Ideal Finance for Your Business

]]>

A perfect combination of discipline, hard work and proper training can take your business to new heights helping you in accomplishing the desired success. Discipline is needed in every area in an organisation ranging from managing the employees, maintaining the environment of the organization, coordinating the work in the organisation or the finance.

Maintaining discipline in the field of finance is the primary function of every businessman. It is truly said that money moves the world around. And the same applies to the world of business. Every business needs adequate finance for its smoother running and managing it is a tough task. Need for funds may arise anytime in a business, in such circumstances, commercial secured loans can be the best source of finance for the UK businessmen.

Commercial secured loans as the name indicate are tailored for businessmen who need funds for commercial purpose. These loans are very flexible and come in variety of structure to meet the diverse needs of the UK businesses.

An important feature of commercial secured loans is that the borrower needs to put a security against the loan. Any of these – commercial property, equipments, invoices or order books can work as collateral against the loan.

Big as well as small business projects can be financed with commercial secured loan. These loans are multi-purpose loan and can be put to diverse uses namely the purchase of business premises, expansion, residential and commercial investment or property development and for many other commercial purposes.

Commercial secured loans provide affordable and effective solution to access the required capital. Loan terms attached with commercial secured loans are usually longer ranging from 10 to 30 years. Borrowers with commercial secured loans get an opportunity to withdraw an amount ranging from £75,000 to £15 million depending on your business trading history, borrower’s Credit rating, industry type and the collateral kept as a security against the loan. Some lenders can also provide you the loan of even a higher amount if they find your financial status worth.

The loan market at present is swamped with large number of lenders competing to grab more and more customers. You can make use of this opportunity and can seize the best loan deal. Many banks, financial institutions and online lenders can offer you commercial secured loans. But, in case you are looking forward to get the best deal in the most convenient way online lenders are the best option.

Online loans offer complete ease and comfort in getting a loan arranged. You just need to fill in a small application form online and the lenders will contact you as soon as they find appropriate loan deal that matches your individual circumstances to the best. You can search online commercial secured loan providers through various search engines namely google, yahoo or any other. Browse through the lending websites, you will definitely find the loan deals amazing. Don’t choose any loan deal you are offered blindly, collect loan quotes from all the lenders and compare among them. Thorough research will help you get the best loan deals that attach best loan terms with it.

Shortage of funds in a business can be easily met with commercial secured loans. Stay focused on your goals, try to keep track of your funds, the opportunities are just as great today as they ever were you just need to work a little harder.

Copyright © 2009 Small Business Resource

Ideal Finance for Your Business

]]> http://freesmallbusinessresource.com/ideal-finance-for-your-business/feed/ 0 ARC Loans: Not Everyone Will Get One.. http://freesmallbusinessresource.com/arc-loans-not-everyone-will-get-one/ http://freesmallbusinessresource.com/arc-loans-not-everyone-will-get-one/#comments Wed, 24 Jun 2009 20:30:00 +0000 admin

Mark Deo writes in this Reuters piece (with a nod to Entrepreneur.com) about the hesitancy of banks to play in the SBA's ARC loan arena. We have a number of ARC loans going in for approval and if our clients do indeed receive funding to pay down debt, it may well be the difference between sustainability and failure.


Will Anyone Be Saved by the SBA's New ARC?


On June 15, banks began taking applications for the America's Recovery Capital loan program. The ARC loan is a $35,000, interest-free, deferred-payment loan, fully guaranteed by the Small Business Administration and available to established, viable, for-profit small businesses suffering "immediate financial hardship."

The goal is to help provide some temporary financial relief so small businesses can keep their doors open and put their cash flow back on track.

Banks, however, are hesitant to participate in this program.

According to Investment Watch,a leading economic report, "While banks have ample capital and improved liquidity, their credit standards remain tight. They are lending, but only to A/A+ customers as the regulators/FDIC are still pounding them for their bad real estate and working capital loans."

The banks are nervous about the fact that participating lenders will be required to issue funds without receiving any of the loans' principle for a full year. In addition, the SBA is offering a lower interest rate than other loan programs.

The Coleman Report, a newsletter for banks, states that "the ARC loan program is already being positioned to be a failure, and lenders are going to be the key players behind that failure."

Even the SBA says it expects ARC loans to default at a higher rate than its other programs. Banks will have to absorb the administrative costs of pursuing delinquent loans and liquidating those that default. On the other hand, some banks want to do all they can to inject cash back into the business community, but claim they haven't had time to effectively research the program.

"We don't know if we are going to be able to participate in the ARC loan program," says Jeff Spinelli, SBA loan specialist at Farmers & Merchants Bank. "But we feel an obligation to help our clients in need. We are seriously evaluating it to determine precisely how we could make it available to our customers."

Sarah E. Toffoli, vice president for Wells Fargo Bank, says, "As the No. 1 SBA lender for five years running, we will be participating in the ARC loan program and are seeking to help as many small business owners as possible."

Hayley Matz, SBA press secretary, says, "We have been in communication with lenders since we announced the program, and have been responding to their questions and providing them with initial information since the May 18 announcement. The formal guidance, of course, came out on Monday and since then we have been doing training with lenders all across the country, as well as responding to their individual questions. The program will take a bit to ramp up, and that's expected, but we've also heard that many lenders are ready to begin participating."

As America's small businesses continue to "take on water," the jury is still out on whether the ARC loan program will be a lifeline to thousands of small businesses.

Copyright © 2009 Small Business Resource

ARC Loans: Not Everyone Will Get One..

]]>

Mark Deo writes in this Reuters piece (with a nod to Entrepreneur.com) about the hesitancy of banks to play in the SBA’s ARC loan arena. We have a number of ARC loans going in for approval and if our clients do indeed receive funding to pay down debt, it may well be the difference between sustainability and failure.

Will Anyone Be Saved by the SBA’s New ARC?

On June 15, banks began taking applications for the America’s Recovery Capital loan program. The ARC loan is a $35,000, interest-free, deferred-payment loan, fully guaranteed by the Small Business Administration and available to established, viable, for-profit small businesses suffering “immediate financial hardship.”


The goal is to help provide some temporary financial relief so small businesses can keep their doors open and put their cash flow back on track.
Banks, however, are hesitant to participate in this program.
According to Investment Watch,a leading economic report, “While banks have ample capital and improved liquidity, their credit standards remain tight. They are lending, but only to A/A+ customers as the regulators/FDIC are still pounding them for their bad real estate and working capital loans.”

The banks are nervous about the fact that participating lenders will be required to issue funds without receiving any of the loans’ principle for a full year. In addition, the SBA is offering a lower interest rate than other loan programs.

The Coleman Report, a newsletter for banks, states that “the ARC loan program is already being positioned to be a failure, and lenders are going to be the key players behind that failure.”

Even the SBA says it expects ARC loans to default at a higher rate than its other programs. Banks will have to absorb the administrative costs of pursuing delinquent loans and liquidating those that default. On the other hand, some banks want to do all they can to inject cash back into the business community, but claim they haven’t had time to effectively research the program.
“We don’t know if we are going to be able to participate in the ARC loan program,” says Jeff Spinelli, SBA loan specialist at Farmers & Merchants Bank. “But we feel an obligation to help our clients in need. We are seriously evaluating it to determine precisely how we could make it available to our customers.”
Sarah E. Toffoli, vice president for Wells Fargo Bank, says, “As the No. 1 SBA lender for five years running, we will be participating in the ARC loan program and are seeking to help as many small business owners as possible.”
Hayley Matz, SBA press secretary, says, “We have been in communication with lenders since we announced the program, and have been responding to their questions and providing them with initial information since the May 18 announcement. The formal guidance, of course, came out on Monday and since then we have been doing training with lenders all across the country, as well as responding to their individual questions. The program will take a bit to ramp up, and that’s expected, but we’ve also heard that many lenders are ready to begin participating.”
As America’s small businesses continue to “take on water,” the jury is still out on whether the ARC loan program will be a lifeline to thousands of small businesses.

Copyright © 2009 Small Business Resource

ARC Loans: Not Everyone Will Get One..

]]> http://freesmallbusinessresource.com/arc-loans-not-everyone-will-get-one/feed/ 0 New Business Spotlight:Jacksonville Running Company http://freesmallbusinessresource.com/new-business-spotlightjacksonville-running-company/ http://freesmallbusinessresource.com/new-business-spotlightjacksonville-running-company/#comments Fri, 13 Mar 2009 17:37:00 +0000 admin









We are thrilled with our latest client success story. Jacksonville has a brand new running shoe store that makes it easy called the Jacksonville Running Company. Located on the Southside at Tapestry Park (off of Gate Parkway near Southside). Here is their story from a UNF SBDC perspective:
It was early in June 2008 when Owen Shott and his wife Jo came to the Small Business Development Center at the University of North Florida with a dream. As avid runners they and their partner Ted DeVos had a vision for a store catering to both serious and casual runners alike. The shoe brands would be selected by the owners personally and customers would be assured of a custom fit and great customer service. They had some rough figures as to how much it would cost to open the store which would be known as the Jacksonville Running Company.
They met with Certified Business Analyst Kevin Monahan who helped them analyze their estimates and encouraged them to write a strong business plan to serve as a blueprint for the project.

Owen and Jo returned with an effective plan that featured some great ideas in customer’s service. It would all start with the feet. The partners would use a comprehensive foot digital analysis program to gather data related to arch type, length, and width of your feet. They would also use frame by frame video analysis to determine what category of shoe stability the customer would require. Once fitted, the customer is encouraged to try the shoes out before making a purchase.

With a solid plan in hand, Monahan showed the partners how to present their idea to local banks. It would have to be a good pitch as loans were fast becoming harder and harder to obtain.
Among several banks visited by The Jacksonville Running Company was American Enterprise Bank. Marge Cerillo, Small Business Lender, felt they were an ideal candidate for a Small Business Administration 7a working capital loan.

Owen, Jo and Ted found a location at Tapestry Park, a brand new mixed use community that was recently built on the Southside. While the location was no in a high visibility or traffic area, the owners were confident that their strong relationships within the running community would mitigate that issue.

With their SBA loan approved, the owners did much of the leasehold improvement themselves to save money. They bought a company vehicle and a mobile fitting trailer called McFit. This high visibility, mobile store would enable the Jacksonville Running Company to visit schools, corporations and special event and fit customers on the spot. A mascot/logo called Sunny would be used to promote branding.

Monahan visited the store several times to help out and discuss grand open strategies such as multiple, targeted grand openings and promotions. The store was already selling to customers prior to grand opening.

By February 8th, 2009, the Jacksonville Running Company was open. By ten in the morning, there were customers waiting at the door. The partners have been running in races with their company logo shirts and finished first and third in the race.
The SBDC conducted a formal ribbon cutting for the Jacksonville Running Company on February 13th.

In addition, Regional Director Janice Donaldson and FSBDC State Director Jerry Cartwright met with owners and took a photo with merchandise.

Today, the Jacksonville is extremely busy with both in store sales and taking the McFit system on the road on a nearly daily basis. The future looks bright for Sunny and the Jacksonville Running Company!


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Copyright © 2009 Small Business Resource

New Business Spotlight:Jacksonville Running Company

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We are thrilled with our latest client success story. Jacksonville has a brand new running shoe store that makes it easy called the Jacksonville Running Company. Located on the Southside at Tapestry Park (off of Gate Parkway near Southside). Here is their story from a UNF SBDC perspective:
It was early in June 2008 when Owen Shott and his wife Jo came to the Small Business Development Center at the University of North Florida with a dream. As avid runners they and their partner Ted DeVos had a vision for a store catering to both serious and casual runners alike. The shoe brands would be selected by the owners personally and customers would be assured of a custom fit and great customer service. They had some rough figures as to how much it would cost to open the store which would be known as the Jacksonville Running Company.
They met with Certified Business Analyst Kevin Monahan who helped them analyze their estimates and encouraged them to write a strong business plan to serve as a blueprint for the project.

Owen and Jo returned with an effective plan that featured some great ideas in customer’s service. It would all start with the feet. The partners would use a comprehensive foot digital analysis program to gather data related to arch type, length, and width of your feet. They would also use frame by frame video analysis to determine what category of shoe stability the customer would require. Once fitted, the customer is encouraged to try the shoes out before making a purchase.
With a solid plan in hand, Monahan showed the partners how to present their idea to local banks. It would have to be a good pitch as loans were fast becoming harder and harder to obtain.
Among several banks visited by The Jacksonville Running Company was American Enterprise Bank. Marge Cerillo, Small Business Lender, felt they were an ideal candidate for a Small Business Administration 7a working capital loan.
Owen, Jo and Ted found a location at Tapestry Park, a brand new mixed use community that was recently built on the Southside. While the location was no in a high visibility or traffic area, the owners were confident that their strong relationships within the running community would mitigate that issue.
With their SBA loan approved, the owners did much of the leasehold improvement themselves to save money. They bought a company vehicle and a mobile fitting trailer called McFit. This high visibility, mobile store would enable the Jacksonville Running Company to visit schools, corporations and special event and fit customers on the spot. A mascot/logo called Sunny would be used to promote branding.
Monahan visited the store several times to help out and discuss grand open strategies such as multiple, targeted grand openings and promotions. The store was already selling to customers prior to grand opening.
By February 8th, 2009, the Jacksonville Running Company was open. By ten in the morning, there were customers waiting at the door. The partners have been running in races with their company logo shirts and finished first and third in the race.
The SBDC conducted a formal ribbon cutting for the Jacksonville Running Company on February 13th.

In addition, Regional Director Janice Donaldson and FSBDC State Director Jerry Cartwright met with owners and took a photo with merchandise.

Today, the Jacksonville is extremely busy with both in store sales and taking the McFit system on the road on a nearly daily basis. The future looks bright for Sunny and the Jacksonville Running Company!


View Larger Map

Copyright © 2009 Small Business Resource

New Business Spotlight:Jacksonville Running Company

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