Category Archives: Alternative Lending

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Join a Small Business Association

Business networking

Business networking can be a valuable tool in your business survival and success. One of the most cost effective ways to build strong relationships with your customers, suppliers and other industry stakeholders is to join the right type of association.

Join associations that your customers, or potential customers, belong to; as well as other industry and business stakeholders (such as suppliers, competitors, your community). Also look at associations where the end customers participate if your customers sell to others. Typically the cost of joining an industry association is not that high; and is, in fact, relatively inexpensive when you consider that you will be able to directly reach customers (and often reach them in a way that is more effective and meaningful in building relationships).

Once you’ve joined, you need to attend association meetings and participate in association events. To be even more effective: join the association board or an association committee.

In addition, you will gain valuable contacts and have better access to business resources for your industry. The benefits to members of joining associations include:

Excellent ability to connect with customers and other stakeholders in your industry;
Association membership will also provide you opportunities for contact with potential customers and with suppliers (who may provide you with referrals to prospective customers).

Industry educational programs:

Access to hard-to-find industry research and statistics (these often include invaluable benchmark studies and business performance metrics).

Industry conferences:

Group discounts on business services (such as cell phone programs, merchant discount programs, gas discounts, courier programs, and more).

Supporting the industry association to act officially or unofficially as lobbyists for the industry they represent to all levels of government.

Some industry associations have certification programs for individuals (such as the certified sales professional program) and for companies (such as programs that certify companies that have achieved a certain professional and/or business level).

And, often membership in an association will give you access to the membership list (your new contacts list) once you become a member.

Other business associations to consider are your local Chamber of Commerce, your Board of Trade, the Small Office Home Office (SoHo) organization and whatever else is available in your area. These business associations provide you with a broader business network and business community; you need to assess whether or not you can build a partnership or alliance with other business owners for concentrated effort and success (for example, a local business improvement initiative could be undertaken with a group you meet through one of the business associations you belong to).

Of those business owners that join associations, many owners will attend association meetings or events, listen to the speaker, and depart as soon as humanly possible. While they will hopefully have learned something from the speaker, they will not have benefited in the most important way – building their own personal business network or business community. When you build a strong personal business network; your business will benefit from it.

In addition to industry and trade associations, you need to consider special interest group associations (such as women in leadership; professional groups – such as certified general accountant, sales executives etc.). Those associations might not include your customers, but they certainly will include competitors (who you need to learn about and understand). Consider interest group associations as your own small business advisory; ask for help, for information, for access to resources.

Joining an industry or small business association is a highly effective small business strategy and needs to be on your list of top marketing tactics. Once you’ve joined, you need to attend association meetings and participate in association events. To be even more effective: join the association board or an association committee. In addition to industry and trade associations, you need to consider special interest group associations (such as women in leadership; professional groups – such as certified general accountant, sales executives etc.). Of those business owners that join associations, many owners will attend association meetings or events, listen to the speaker, and depart as soon as humanly possible.

If you don’t join your industry or small business association, you can be sure that one, or many, of your competitors will. Do you really want your competitors to have access to your customers and to be able to build a strong relationship through association participation?


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Increase Your Cashflow

Top Notch Loan Alternatives

We all know the importance of maintaining a positive cashflow from month to month if we want to avoid a liquidity crisis, and all the misery that entails.

There is a lot more to cashflow management than just avoiding a crisis. Actively striving to increase your cashflow can –

  • Make it easier to plan and fund future growth and expansion
  • Reduce the amount of fixed capital you need at any one time
  • Give you the flexibility to move quickly and effectively in response to market changes

The key to successful cashflow management is to optimise the amount of cash available to you at any one time. This means increasing your cashflow as much as you can, without jeopardising other strategies. This means that you have to find a balance to suit you.

Credit

It is also important that you don’t impose too strict a regime, otherwise you could drive away customers, and they won’t want to refer you! You need to find the right balance to suit you and your situation.

The first, and most important, step is to establish a system for tracking and controlling credit. The faster you receive a payment from your customers, the more cash you will have at your disposal; therefore, it is important to bill early, and chase up customers who have failed to pay.

Payments

At the same time, you should also take advantage of any incentives your creditor offers you. If your cashflow will allow it, this is a useful option to have.

Prices

While it is important to keep your prices competitive, you also need to make sure you are increasing your prices to cover any increase in costs; or else your cashflow will suffer. Remember, most customers tend to expect an annual rise in prices, provided it is within an acceptable range.

Call the experts

The key to successful cashflow management is to optimise the amount of cash available to you at any one time. This means increasing your cashflow as much as you can, without jeopardising other strategies. At the same time, you should also take advantage of any incentives your creditor offers you. If your cashflow will allow it, this is a useful option to have.

This is an area in which we have a great wealth of experience. If you are struggling, or would just like a helping hand, please feel free to contact us to discover and arrange a meeting how much we can help improve your cashflow.


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Profitable real estate investments

Profitable real estate investments

One of the most profitable real estate investments you can make is the purchase of multi-family homes or apartment buildings. Whether you choose to live in one unit and rent the rest out, our you choose to rent out all of the units both multi-family homes and apartment buildings can increase your passive monthly income, as well as your net worth, exponentially.

Why Choose Multi-Family Homes or Apartment Buildings?

Both multi-family homes and apartment buildings offer you, the real estate investor, the unique opportunity to own property which is generally at a lower risk to you than a single family home. Additionally, both offer you the ability for obtaining monthly passive income as well as appreciation in equity in the building itself. There is generally a strong demand for multi-family homes and apartment buildings by seasoned real estate investors.

How to Choose the Right Property?

Choosing the right property to invest in is a matter of evaluating the value of the property you are considering and the incomes it generates. You would be well advised to do your due diligence on the property and review its income potential and possible yearly expenses.

How Much of a Down Payment is Required?

Generally the purchase of a multi-family home or apartment building will require up to 30% down versus the lower down payment requirements that come with purchasing a single family home.

How Do I Qualify for a Mortgage for the Balance of the Purchase Price?

Generally, to qualify for a mortgage loan for the balance of the purchase price you will be asked to offer a personal guarantee for the loan. This can many times be interest in another property or in your own personal residence.

Managing your Property

Isn’t it time you learned how to capitalize on one of the best markets for real estate investing that this country has ever seen? With the recent flood of foreclosures now is the time to learn to invest correctly in real estate from the hosts of the nation’s leading show on real estate investing.

Both multi-family homes and apartment buildings offer you, the real estate investor, the unique opportunity to own property which is generally at a lower risk to you than a single family home. Additionally, both offer you the ability for obtaining monthly passive income as well as appreciation in equity in the building itself. There is generally a strong demand for multi-family homes and apartment buildings by seasoned real estate investors.

Once you have purchased your multi-family home or apartment building you would be well advised to hire a property management company to deal with all of the various tenant issues which will likely arise. This will free up your time for your real estate investment business and not have to deal with the day to day issues of the residents of your building.


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Start Your Own Business

Start Your Own Business

Grasp Your Future And Set Up Your Own Business !

If you’re thinking about starting your own business, you are probably in need of a start up loan. With a start up business loan, you can get the tools you need to make your first start the right start.

An unsecured business start up loan can get a new business owner the funding he needs to cover initial business costs, without having to provide collateral and place his or her assets at risk. With this approach, the lender can still lend an unsecured start up loan at great rates and with a variety of programs.

Applying for a unsecured small business start up loan is easy, all the business owner need to do is just go on line and submit their loan details. The lenders will refer back to you with the loan decision in a few days.

There are several options that an individual may take into consideration. You may find it’s difficult if you have nothing. If you have personal assets, the hard part is putting them at risk, and doing so is the rite of passage to both success and failure.

Collateral is often the biggest obstacle to the prospective business owner.

Not only does a new business not yet have any commercial collateral to provide; but it is asking a lot for an entrepreneur to put his hard earned personal assets at risk in order to start a new business venture. Without collateral, getting a business financing can sometimes seem impossible.

If you’re starting a business, it’s more than just a job. Starting a business requires so much more than an ingenious idea, and even more than planning, marketing strategies, and a well thought out future. How do you get start up business financing that will either advance your idea to the point where it can attract outside capital, or perhaps jump – start you into profitable operations?

Obtaining financing can sometimes be the most grueling part of starting a new business.

The loan approval process for a business startup loan sometimes seems like a maze, with stringent credit requirements, complicated business plans, and paperwork full of terms that are like a foreign language to the layman prospective business owner simply trying to get a loan. Options can be unfitting and rather slim when it comes to financing for the new business owner; unrealistic collateral requirements and proof of projected business profitability can sometime seem more like a joke than a reality.

Not only does a new business not yet have any commercial collateral to provide; but it is asking a lot for an entrepreneur to put his hard earned personal assets at risk in order to start a new business venture. An unsecured business start up loan can get a new business owner the funding he needs to cover initial business costs, without having to provide collateral and place his or her assets at risk.

With a start up business loan, you can get the tools you need to make your first start the right start.

The loan approval process for a business startup loan sometimes seems like a maze, with stringent credit requirements, complicated business plans, and paperwork full of terms that are like a foreign language to the layman prospective business owner simply trying to get a loan. Options can be unfitting and rather slim when it comes to financing for the new business owner; unrealistic collateral requirements and proof of projected business profitability can sometime seem more like a joke than a reality.

They provide new innovations, new jobs, and fresh concepts to the business industry. Starting a business requires money. Without start up capital, very few people have the resources available to launch a successful business idea.


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Grow Your Small Business!

Grow Your Small Business With Sensible Finance Options

Grow Your Small Business!

Few lenders, who did not want to lose on the opportunity of lending to the rising group of small business owners, devised bank-alternative loans. Small business loans are granted to entrepreneurs for a series of purposes like expansion of their facility, buying technology, purchasing new tools and equipment, and also to buy raw materials and pay wages to workers.

Small business loans can be either short term or long term. Depending upon ones requirement, the small business owners can be a varied term of repayment along with other conditions of the small business loan.

Lenders advance small business loans on the principle of moderate risk, which is no different from lending any other loan. While designing the terms of the small business loans, lenders are often seen to be using this principle. Lenders will only lend a limited sum on small business loans.

Apart from the problems that the small business owners have to face in operating business, the severest of problems is in raising capital. It is not easy to raise capital for business use; particularly in an environment in which small business owners are accorded a status similar to borrowers with bad credit. It is said how a small business owner will pay fixed installments on a loan if he has not made much income (profits) in a particular month.

When a person applies for small business loan to these brokers, they forward it to all the lenders who they think can appropriately advance loans to the entrepreneurs. Depending upon ones requirement, the small business owners can decide term of repayment and other terms and conditions of the small business loan.

What differences can a borrower notice in small business loan, which goes in his favor? Borrowers can get an arrangement designed by which they can repay loan installments with ease. Small business loan with a flexible repayment schedule sufficiently solves the problem of the self employed people.

Apart from the problems that the small business owners have to face in operating business, the severest of problems is in raising capital. It is not easy to raise capital for business use; particularly in an environment in which small business owners are accorded a status similar to borrowers with bad credit. Small business loans are advanced to small entrepreneurs who invest it in a series of purposes like expansion of their facility, buying technology, purchasing new tools and equipment, and also to buy raw materials and pay wages to workers.

When a person applies for small business loan to these brokers, they forward it to all the lenders who they think can appropriately advance loans to the entrepreneurs. Brokers can also arrange small business loans from lenders who accept flexible repayment. Other specific requirements of borrowers can be incorporated into any small business loan searched.