SMALL BUSINESS

How to Finance a Startup Business
Small Business Banking

How to Finance a Startup Business

- by Abigail Martinez

When it comes to financing a startup business, many entrepreneurs do not have the resources to use traditional sources of capital. While 78% of new business owners had no other resources, many used personal savings or job income to fund their business. Depending on their business plan, they may need to sell their houses or cars to finance the business, rent an apartment above a restaurant, or take out a home equity loan. However, they must still make payments on this loan.

Venture capital

There are many different ways to finance a startup business, but one of the most efficient is to tap into venture capital funds. These types of funds are geared towards startup businesses that have an unpredictably high cash flow and have little brand recognition. Because of this, venture capital is best used by startups with a relatively low amount of history and minimal revenue.

However, this …

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Bad Credit Small Business Loans For Startups - How to Improve Your Chances of Approval
Small Business Loans

Bad Credit Small Business Loans For Startups – How to Improve Your Chances of Approval

- by Abigail Martinez

Many people with bad credit are unable to obtain a small business loan, so how can they improve their chances? A personal loan may be an option, but it’s a much riskier proposition than a small business loan for startups. Since financial institutions are making a bet on your failure to repay, these loans are riskier, too. Here are some tips to increase your chances of getting approved. Read on to discover how.

Challenges of getting a small business loan

The biggest challenge of getting a small business loan for a startup is that they do not have the necessary track record and long credit history to be considered a good risk. Since they do not yet have any history of borrowing, lenders cannot properly assess their creditworthiness.

Fortunately, there are some alternatives to traditional bank loans. These include loans from online lenders that do report to the Big 3 …

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Small Business Loans - Startup Business Funding
Small Business Loans

Small Business Loans – Startup Business Funding

- by Abigail Martinez

Are you looking to get a small business loan with no money down? If so, then you’ll want to read this article. Specifically, we’ll discuss three ways how to get a startup business loan without paying a lot of interest. After reading this article, you should be able to decide on the best loan option for your startup needs.

SBA Loans

If you’re looking to get a startup loan with no money down, one way is with SBA loans and other federal loans like the SBA microloans. That is not to suggest though that you can’t get startup funding without using these loans, you just need to think a bit creatively. For startup funding, consider crowdsourcing for venture capital or peer-to Peer personal loans that you can apply for without collateral. There are also a variety of non-traditional lenders out there who may offer startup financing. You may also look …

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Small Business Insurance Quote - What's Covered & How Much Does it Cost?
Small Business Ideas

Small Business Insurance Quote – What’s Covered & How Much Does it Cost?

- by Abigail Martinez

Small business insurance is designed primarily to give business owners and their employees’ financial protection in case there is an unexpected accident involving the owner, staff, clients, or the property of the business. Typical claims for property damage or client damage are in the neighborhood of $30,000 per year. Most of these claims are settled out of court and no injuries are reported. This may not be the case if you have inadequate insurance coverage.

Property Protection

If you are planning to employ employees or any part of your business involves the operation of vehicles, you need to consider purchasing property protection and general liability coverage separately. Property protection coverage will provide a source of income in the event of a total loss of the assets of the business. General liability coverage will pay medical expenses and any legal fees in the event of an injury on-site. This includes both …

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Productive Small Businesses Can Grow More quickly Using Their Client Values
Small Business Grants

Productive Small Businesses Can Grow More quickly Using Their Client Values

- by Abigail Martinez

Owners who choose to grow successful small businesses faster ought to have an understanding of what is driving the shoppers they choose to serve.

There’s a large post-crisis audience across all demographic groups which might be searching for friendly, engaging, and socially responsible firms to complete business with.

Voting with Their Dollars

Consider practically 67% of a single survey respondent* who felt they could influence corporate behavior by way of what they bought. Trends like these ought to be a genuine wake-up alarm to owners committed to maintaining their effective small businesses thriving inside a slow development economy.

A surprising majority of customers close to this same number avoided companies whose values did not reflect their very own. The central thought that entrepreneurs should not only be aware but integrate consumer values with their marketing and advertising and sales strategy is one of the leading tips to pursue.

It can …

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