Archive for the ‘Business ideas’ Category

Business Plans – Is Your Plan a "Me Too" Document?

Wednesday, June 2nd, 2010

A business plan falls on the desk of an investor. They pick up the document and begin to read. A few pages in it has become crystal clear that this is the same plan they read earlier in the week, sometime last month, or dozens of times over the past year. While it may be written on different paper by a different management team, the business plan is obviously a “me too” document.

What is a “Me Too” business plan? It is a document that outlines a business model or strategy that closely mimics that of competitors in the market without bringing anything new or original to the table. It outlines a path that is already heavily travelled by competitors. It does not clearly identify why you will do it better than your competitors, or why you are taking a different approach from those that have already tried and failed. It jumps upon the latest “it” business model without directly addressing the issue of how you will differ from the hundreds or thousands of others on that same bandwagon.

In the hyper competitive and crowded business environment in which we all operate, it is critical to create a plan for your company that clearly, concisely and compelling demonstrates how you will succeed by taking a road that is all your own.

  • Is it the composition, quality, or pricing of your products and services?
  • Is it your ability to provide better value and service to your customers?
  • Is it your ability to address a segment of the market which is either not served or underserved by your competitors?
  • Is it the depth and experience of your team (be realistic here)?

Why is it so important to avoid a “Me Too” business plan? Because most investors review hundreds of business plans each year and if they can not quickly recognize in your document what makes you better and different than other similar concepts, you are doomed for the NO pile.

Good Luck!

Scott Pollov is a Business Plan Coach and Consultant with BizPlanIt. Since 1997, BizPlanIt (http://www.bizplanit.com) has assisted entrepreneurs and business owners in developing clear, concise and compelling business plans, financial projections and investors presentations that help them achieve their financing and growth goals. BizPlanIt’s Virtual Business Plan (http://www.bizplanit.com/resources/virtual-business-plan.html) is a unique and free resource that mirrors the major sections of a plan and provides insight into the fundamentals of writing an effective planning document for your company.

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Source: Business startup

Small Business Ideas That Do Not Require Start-Up Capital

Wednesday, June 2nd, 2010

Starting a business, large or small, online or offline is a risky venture. You need to ensure that your business plan is bullet proof and will make money no matter what. After all, most likely you’ve invested more than just time and effort on your business. Most likely you’ve also invested a lot of money.

However, there are two ways to start a small business without incurring the large start-up capital costs. So, no matter where you want to work- in the real world, or online, there is a perfect small business idea for you.

1. In the Real World: A fun, fast and nearly free business venture in the real world is a delivery service. If you have a car and you have the time, then a delivery service might be the perfect business move for you.

Offer to pick up food, laundry, alcohol, people, etc from various places in your community. Charge a delivery service fee of course. You can also most likely get a discount from the vendors if you advertise their place of business on your delivery vehicle.

This is a great small business venture that has limitless possibilities. All you need to pay for is advertisements for your company and fuel and you’re in business!

2. In Cyber Space: A Membership Site is your best bet online. Membership sites are sites where members pay month by month. Similar to a magazine subscription, the best thing about a membership site is that you are the boss, the editor-in-chief.

Membership sites are easy to maintain and fun to run. Furthermore, you can get a site live with hardly any start-up fee. Simply invest in a membership site guide and you’re ready to go!

If you need money now, like I mean in the next hour, try what I did. I am making more money now than in my old business and you can too, read the amazing, true story, in the link below. When I joined I was skeptical for just ten seconds before I realized what this was. I was smiling from ear to ear and you will too.

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Source: Business startup

Money Making Home Business Ideas

Wednesday, June 2nd, 2010

If you want to start up a home business and are looking for ideas then consider the following:

  • Become an administration assistant and help people with office type skills such as letter typing, resumes, book keeping, filing and other secretarial duties.
  • If you love arts and crafts and have a hobby then perhaps you could turn your hobby into a business. You can sell your goods to art and craft shops, at a market stall or over the internet.
  • If you have any experience with accounts then you could consider helping people fill in their tax returns.
  • Repair and maintenance around homes and properties. You could offer your services to real estate agents as well as home owners who need someone to fix things around their property.
  • Become a tutor. If you have any expertise in a certain area such as a sport, a musical instrument or a subject then you could advertise your services locally in newspapers and letterbox flyers. If your subject is suitable then you could even contact local schools and let them know about your services.
  • If you know about computers then you could provide a set up service and maybe even training.
  • Become a party planner and assist in planning events such as birthday parties, engagements, and christenings or even go into the corporate field and offer event planning services to businesses.
  • Offer web design services and build websites.
  • If you love gardening then you could grow herbs and vegetables. Places to sell them would be to local restaurants, market stalls. Or you could offer gardening services such as weeding, lawn mowing, and pruning and if you have experience then perhaps even garden design.
  • Dog walking and pet sitting is a good field for animal lovers. You look after pets while their owners are away by feeding them and checking on them as required. You could also offer dog walking as a separate service.
  • Pet grooming is another animal related business idea. This involves washing, trimming and clipping pets. You may need to do some training for this one if you aren’t familiar with the procedures.
  • Help people set up their new home entertainment such hooking up their surround sound system and speakers to their television and DVD. You could also get into the field of installing built in sound systems that work throughout the home.
  • Hairdressers or make up and beauty artists can consider starting up a mobile business and offering their services to customers in their own homes. I know of one hairdresser who does this and gets a lot of business from stay at home moms who find it a convenient way to have their kids hair cut without the fuss of having to get them to the hairdressers.
  • Become a wedding planner and help couples plan the day of their dreams.
  • Other ways to come up with a business idea is to think of something that most people dislike doing themselves and would hire somebody else to do it for them.

Christine Kelly has been working from home for nearly 8 years. She is sharing her knowledge to help others to work from home. Her latest website www.wirelesskeyboardsandmouse.com is a guide to choosing and buying wireless keyboards. The right keyboard can be a great asset for your home office.

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Source: Business startup

Temporary Medical Staffing Agency: Start-Up Costs

Wednesday, June 2nd, 2010

How much money do you need?

In my experience I have seen medical staffing agencies start-up capital range from $5,000 to $300,000. Having more money does not guarantee success and having less money does not mean failure.

How much money you will need will depend on many factors. Some of which will depend on if you are planning to rent an office, hire employees or work the business initially yourself.

Take a look at the bottom list, it will give you a better idea as to the cost opening up a medical staffing agency. The list assumes you are opening up an actual office. I have consulted for many medical staffing agencies and I have seen some of the most successful medical staffing agencies start from a room in there garage a cell phone and conduct meetings at Starbucks.

Start-Up Expenses

Rent/deposit $600 -$4,000

Equipment: $2,000-$5000

Software: $500-$2000

insurance: $100-$4000

Signage $500-$1500

Leashold improvements $0-$3000

Legal/Accounting $200-3000

Owner Salary $3000-$5000

Advertising $500-$2000

Phone/Utilities $200-$700

Misc $200-$500

Can You Start With Less Than $5,000?

Yes you can, it is possible and it has been done. There are many factors to consider when starting a medical staffing agency. You can start for under $5,000 if you decide to it on your own, staff yourself and slowly grow.

I started my medical staffing agency for under $1,000 before I actually secured my first account. It was not difficult to do and many medical facilities require certain key documents to get started. THey usually don’t care if you have a office, answering service, marketing material or any expensive start-up costs.

To get started you need just a few basic inexpensive key elements. It does not matter if you are a nurse, ultrasound tech, radiology tech, respiratory tech or any other medical niche.

I found that people make it so difficult to start there medical staffing agency. You can start your medical staffing agency in less than a week and have our first contract before the month is over. It is very easy and the simle steps to get started are fundamental and easy.

You can choose to spend thousands of dollars, you can hundreds of thousands of dollars to franchises or you can simply just start.

Starting your medical staffing agency is a simple ten step process. The process is not difficult and you should not have to pay ten thousand dollars to learn how.

It should not take you more than five days to be up and running. Your medical staffing agency does require certain documents and certain types of insurance, but those are easy to get and do not require much leg work.

If you are in the industry and are looking to provide medical staffing services using you as an independent contractor, you already have half the battle done. Your medical staffing services can be offered in less than five days. I was able to get my entire medical staffing business up and running in less than two days, but it was because I have years of experience working in the medical staffing industry.

Roy Vera is an experienced medical staffing consulting. To learn more visit him at http://www.vismedical.com

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Source: Business startup

Getting Government Grant Money For Almost Any Purpose

Wednesday, June 2nd, 2010

What is government grant money? government grant money is money the government gives out every year to businesses, individuals, not for profit organizations, and just about anyone else willing to take the time to do some researching. Many college age students use a PELL grant, to help pay for things like supplies, books and everyday living expenses. They never have to be paid back, so you don’t have to worry about paying back a loan, what penalties and interest rates, etc. can be incurred.

What can you get a grant for? All kinds of different things. Just like some of the commercials on television, you can get a grant for just about anything you can come up with. Colleges and Universities use government grant money all the time to fund a multitude of projects and researching. Many of our important breakthroughs in science and technology have come about from grants.

What does this mean for you? For people looking for the start up capitol to start a business, this is an ideal source of funding, because with government grant money, you never have to worry about paying it back. You can use the money for whatever reason you need it for, purchasing buildings, or equipment. Starting the back accounts and payroll. Hiring employees and getting them paid. You can use it to pay for certifications, licenses, insurance, and upgrade existing equipment you may already have.

You can use government grant money to do a wide assortment of improvements at and in the home as well. There are many programs available to help upgrade weather stripping, furnaces, air conditioning systems just to name a few. If you are thinking about building a home, and let’s say you want to live off the grid. You could apply and get a grant to buy the land, purchase all the building materials, even if you are going to use recycled products. The money can be used to pay for solar power, wind, hydroelectric, and all sorts of renewable energy sources. Again, the options are almost limitless.

Government grant money can and does help communities all over the country. From start up funding for a community park to helping pay to restock libraries and everything in between. People have used government grant money to refurbish old suburban lots and turn them into community gardens, improving neighborhoods all around.

Now, just so you know you can’t just write to the government and say, “hey I need some money” and they will give it to you. Seeking government grant money is a process, and there are guidelines, restrictions, and deadlines by which you can apply. If you are a business seeking start up money, you would have to present a comprehensive plan, outlying what the money is going to be used for, what kinds of goods and services you are providing etc. You may also have to include that you are going to hire people in the local area to work for you, why your business will make improvements to your neighborhood and things like that. But even at that, such an investment of time and effort into your future can pay off for you big time.

For more insights and additional information about how you can get Government Grant Money as well as resources to find and locate numerous places to get your free government grant, please visit our web site at http://freegovernmentgrantsfunding.com/

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Source: Business startup

Small Business Loan Update – Stimulus Bill Helps Bailout Businesses If They Cannot Pay Loans

Wednesday, June 2nd, 2010

As we continue to sift dutifully through the over 1,000 pages of the stimulus bill (American Recovery and Reinvestment Act of 2009), there is one provision that is not getting much attention, but could be very helpful to small businesses. If you are a small business and have received an SBA loan from your local banker, but are having trouble making payments, you can get a “stabilization loan“. That’s right; finally some bailout money goes into the hands of the small business owner, instead of going down the proverbial deep hole of the stock market or large banks. But don’t get too excited. It is limited to very specific instances and is not available for vast majority of business owners.

There are some news articles that boldly claim the SBA will now provide relief if you have an existing business loan and are having trouble making the payments. This is not a true statement and needs to be clarified. As seen in more detail in this article, this is wrong because it applies to troubled loans made in the future, not existing ones.

Here is how it works. Assume you were one of the lucky few that find a bank to make a SBA loan. You proceed on your merry way but run into tough economic times and find it hard to repay. Remember these are not conventional loans but loans from an SBA licensed lender that are guaranteed for default by the U.S. government through the SBA (depending upon the loan, between 50% and 90%). Under the new stimulus bill, the SBA might come to your rescue. You will be able to get a new loan which will pay-off the existing balance on extremely favorable terms, buying more time to revitalize your business and get back in the saddle. Sound too good to be true? Well, you be the judge. Here are some of the features:

1. Does not apply to SBA loans taken out before the stimulus bill. As to non-SBA loans, they can be before or after the bill’s enactment.

2. Does it apply to SBA guaranteed loans or non-SBA conventional loans as well? We don’t know for sure. This statute simply says it applies to a “small business concern that meets the eligibility standards and section 7(a) of the Small Business Act” (Section 506 (c) of the new Act). That contains pages and pages of requirements which could apply to both types of loans. Based on some of the preliminary reports from the SBA, it appears it applies to both SBA and non-SBA loans.

3. These monies are subject to availability in the funding of Congress. Some think the way we are going with our Federal bailout, we are going be out of money before the economy we are trying to save.

4. You don’t get these monies unless you are a viable business. Boy, you can drive a truck through that phrase. Our friends at the SBA will determine if you are “viable” (imagine how inferior you will be when you have to tell your friends your business was determined by the Federal government to be “non-viable” and on life support).

5. You have to be suffering “immediate financial hardship”. So much for holding out making payments because you’d rather use the money for other expansion needs. How many months you have to be delinquent, or how close your foot is to the banana peel of complete business failure, is anyone’s guess.

6. It is not certain, and commentators disagree, as to whether the Federal government through the SBA will make the loan from taxpayers’ dollars or by private SBA licensed banks. In my opinion it is the latter. It carries a 100% SBA guarantee and I would make no sense if the government itself was making the loan.

7. The loan cannot exceed $35,000. Presumably the new loan will be “taking out” or refinancing the entire balance on the old one. So if you had a $100,000 loan that you have been paying on time for several years but now have a balance of $35,000 and are in trouble, boy do we have a program for you. Or you might have a smaller $15,000 loan and after a short time need help. The law does not say you have to wait any particular period of time so I guess you could be in default after the first couple of months.

8. You can use it to make up no more than six months of monthly delinquencies.

9. The loan will be for a maximum term of five years.

10. The borrower will pay absolutely no interest for the duration of the loan. Interest can be charged, but it will be subsidized by the Federal government.

11. Here’s the great part. If you get one of these loans, you don’t have to make any payments for the first year.

12. There are absolutely no upfront fees allowed. Getting such a loan is 100% free (of course you have to pay principal and interest after the one year moratorium).

13. The SBA will decide whether or not collateral is required. In other words, if you have to put liens on your property or residence. My guess is they will lax as to this requirement.

14. You can get these loans until September 30, 2010.

15. Because this is emergency legislation, within 15 days after signing the bill, the SBA has to come up with regulations.

Here is a summary of the actual legislative language if you are having trouble getting to sleep:

SEC. 506. BUSINESS STABILIZATION PROGRAM. (a) IN GENERAL- Subject to the availability of appropriations, the Administrator of the Small Business Administration shall carry out a program to provide loans on a deferred basis to viable (as such term is determined pursuant to regulation by the Administrator of the Small Business Administration) small business concerns that have a qualifying small business loan and are experiencing immediate financial hardship.

(b) ELIGIBLE BORROWER- A small business concern as defined under section 3 of the Small Business Act (15 U.S.C. 632).

(c) QUALIFYING SMALL BUSINESS LOAN- A loan made to a small business concern that meets the eligibility standards in section 7(a) of the Small Business Act (15 U.S.C. 636(a)) but shall not include loans guarantees (or loan guarantee commitments made) by the Administrator prior to the date of enactment of this Act.

(d) LOAN SIZE- Loans guaranteed under this section may not exceed $35,000.

(e) PURPOSE- Loans guaranteed under this program shall be used to make periodic payment of principal and interest, either in full or in part, on an existing qualifying small business loan for a period of time not to exceed 6 months.

(f) LOAN TERMS- Loans made under this section shall:

(1) carry a 100 percent guaranty; and

(2) have interest fully subsidized for the period of repayment.

(g) REPAYMENT- Repayment for loans made under this section shall–

(1) be amortized over a period of time not to exceed 5 years; and

(2) not begin until 12 months after the final disbursement of funds is made.

(h) COLLATERAL- The Administrator of the Small Business Administration may accept any available collateral, including subordinated liens, to secure loans made under this section.

(i) FEES- The Administrator of the Small Business Administration is prohibited from charging any processing fees, origination fees, application fees, points, brokerage fees, bonus points, prepayment penalties, and other fees that could be charged to a loan applicant for loans under this section.

(j) SUNSET- The Administrator of the Small Business Administration shall not issue loan guarantees under this section after September 30, 2010.

(k) EMERGENCY RULEMAKING AUTHORITY- The Administrator of the Small Business Administration shall issue regulations under this section within 15 days after the date of enactment of this section. The notice requirements of section 553(b) of title 5, United States Code shall not apply to the promulgation of such regulations.

The real question is whether a private bank will loan under this program. Unfortunately, few will do so because the statute very clearly states that no fees whatsoever can be charged, and how can a bank make any money if they loan under those circumstances. Sure, they might make money in the secondary market, but that is dried up, so they basically are asked to make a loan out of the goodness of their heart. On a other hand, it carries a first ever 100% government guarantee so the bank’s know they will be receiving interest and will have no possibility of losing a single dime. Maybe this will work after all.

But there is something else that would be of interest to a bank. In a way, this is a form of Federal bailout going directly to small community banks. They have on their books loans that are in default and they could easily jump at the chance of being able to bail them out with this program. Especially if they had not been the recipients of the first TARP monies. Contrary to public sentiment, most of them did not receive any money. But again, this might not apply to that community bank. Since they typically package and sell their loans within three to six months, it probably wouldn’t even be in default at that point. It would be in the hands of the secondary market investor.

So is this good or bad for small businesses? Frankly, it’s good to see that some bailout money is working its way toward small businesses, but most of them would rather have a loan in the first place, as opposed help when in default. Unfortunately, this will have a limited application.

Wouldn’t it be better if we simply expanded our small business programs so more businesses could get loans? How about the SBA creating a secondary market for small business loans? I have a novel idea: for the moment forget about defaults, and concentrate on making business loans available to start-ups or existing businesses wanting to expand.

How about having a program that can pay off high interest credit card balances? There is hardly a business out there that has not been financing themselves lately through credit cards, simply because banks are not making loans. It is not unusual for people to have $50,000 plus on their credit cards, just to stay afloat. Talk about saving high interest. You can imagine how much cash flow this would give a small business.

We should applaud Congress for doing their best under short notice to come up with this plan. Sure this is a form of welcome bailout for small businesses, but I believe it misses the mark as to the majority of the 27 million business owners that are simply looking for a loan they can repay, as opposed to a handout.

Sue Malone
442 Diablo Road, Suite 137
Danville, CA 94526
Email: info@StrategiesForSmallBusiness.com

Sue Malone is a small business advocate and founder of Strategies For Small Business, a company devoted to providing SBA Loans for small business owners, whether as start-ups or for the expansion needs of existing businesses. For six years she has been the nations #1 provider of SBA Community Express Loans, having funded over 25,000 businesses in all 50 states. For a free loan consultation or for more information on the programs, visit our website at: http://www.StrategiesForSmallBusiness.com Or call (925) 899-8449.

©2008 Strategies For Small Business. All rights reserved.

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Source: Business startup

Loans For Small Business – Tips on Where to Start

Wednesday, June 2nd, 2010

Starting your own small business can be a daunting task especially if you have inadequate funds. The financial aspect of starting a business is the most important even if you have the best idea, marketing strategy and a great team to back you. You need to research where you can get money at a reasonable repayment rate. When looking for a lender, you need to look for one who is willing to lend you the money at your convenience.

However, if you need a loan and are in small business you have to meet certain requirements. The lenders will take a look at your credit history to determine if they will extend you a loan. It is important to have a good and reliable credit history so that you can increase your chances of gaining access to funds. If your financial record is good, then you will get approval. In addition, you have to show that you are capable of repaying the money borrowed. The way to do this is to show the proof of income and customers. This should have adequate quantities that show that you can pay back what you borrow and at the same time you can continue to operate. With this information, the lending institution will make a decision.

One place to source for loans for your small business is the bank. This can work in your favor especially if you have an established relationship with them. However it can get tricky if your business has not been in operation for a long time. Since this may be a stumbling block, you can consider approaching a lender who specializes in unsecured loans.

These lenders normally look at your credit card transactions for the past three to six months. If they approve the loan, you will be required to repay the loan by turning over a percentage of your credit card sales to the lender, till the loan is cleared. Loans for small businesses are very supportive and keep the business going.

Mercy Maranga writes content on Finance and Small Business Management. Visit her site here for more information on Finance and how to effectively Manage your small business. Small Businesses

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Source: Business startup

Starting a Home Inventory Photography Business

Wednesday, June 2nd, 2010

Starting a home inventory photography business is relatively easy, and you’ll be providing a service that just about everyone can use. To start your home inventory photography business, you’ll need some basic items. They include:

1. Digital camera or video camera.

2. Inventory checklist.

3. CD/DVDs to store customer’s images.

4. Printer.

5. Computer.

There are some companies that specialize in home inventory businesses, and they provide software that helps you organize your clients and their possessions, and that they can use to view their inventory photographs. You might want to invest in one of these programs to help grow your business as it expands.

Once you have your equipment, contact local attorneys, insurance agents, accountants, and tell them about your services. Ask them to recommend your service to their clients who are concerned about home inventories. Soon, you’ll gain experience and exposure as more people become aware of your vital service.

To do a home inventory, you need to photograph each room of the client’s home, including any art objects, collectibles, or antiques they may have. For insurance purposes, it is good to show as much of the room as you can, too, so that if there is some kind of damage or disaster, the insurance company can see the placement of doors, windows, etc.

You can do close-up shots of special collections and other objects, and it’s a good idea to show the infrastructure of the house, too, like the garage, attic, laundry room, heater, water heater, etc. This helps the client show what kind of appliances and other items they have in the home, in case of damage or disaster. Show bathrooms, closets, and bedrooms, too, they all have items that will need to be replaces in a worst-case scenario.

Once you have photographed all the items in the house, upload the photos to your computer, and copy them on to a CD/DVD. Then you can keep a copy in a safe place, and give a copy to your client. That way, if they need the photos, they know that you will have a copy available in case theirs is lost in an accident.

You can also fill out an inventory checklist in your computer, and print that out for your clients, so they have a paper copy of what is included on the CD/DVD. This helps them remember everything in their home in case of loss, and it can go into a safe deposit box or other safe place, so there is always a copy available.

Starting a home inventory photography business is a great way to make extra money, but to provide a really vital service, too. People often don’t take the time to itemize their possessions until it is too late, and you can help them ensure they have all their items listed in case of an accident. In addition, you can contact your former clients every few years to update their inventories, to make sure they are current and reflect new purchases or changes in their belongings. That means that you have an ongoing home inventory photography business that will continue to grow and expand over time!

Edward Dean is an accomplished website developer and author. To learn more about Home Inventory Photography Business visit Home Based Franchising for current articles and discussions.

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Home Business Ideas for Beginners I

Wednesday, June 2nd, 2010

You are new to internet marketing and you need some advice on how to start. You are not alone, and here are some home business ideas for beginners to the big, big, world of internet marketing.

The fact that you are new to this business does not necessarily imply that you do not have a product. In fact most people who enter into internet marketing with their eyes open either have a product to sell or an idea for one. However, let’s assume that you have none and are looking for a quick entry into this fascinating industry. What are the possibilities?

In order to make the most of internet marketing you need your own product. While you are working on it, you can make money selling other people’s products. There is more than one way to do this. The first is affiliate marketing whereby you sell another person’s product for a commission. Although you can sell hard goods and soft electronically delivered goods, the best commission deals are with the electronically deliverable goods such as software and ebooks. You can sell the same product time and time again, whereas with hard goods there are material and delivery costs involved with every item.

Typical commissions for hard goods are 5% – 10%, whereas those for electronic goods such as software or ebooks are around 50%. That’s right. You typically earn 50% for every ebook you sell. That is why affiliate marketing is a technique of choice by many internet marketers who have no intention of producing their own product other than an ebook relating to others how they did it.

Do you want to learn more about how I do it? I have just completed my brand new guide to article marketing success, ‘Your Article Writing and Promotion Guide‘

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Source: Business startup

Start Fresh In Business Through Bad Credit Unsecured Business Loans

Wednesday, June 2nd, 2010

Bad credit of a business person is no longer a big hurdle while he intends to borrow money from professional lenders. Thanks to growing competition in the loan market place such a business person can now find plenty of lenders who are offering bad credit unsecured business loans. These loans are being provided for any business purpose without delay.

Bad credit unsecured business loans are especially meant for those business people who failed to repay past loans in time or have payment defaults and arrears mentioned against their names or have count court judgments in their names. For such business people bad credit unsecured business loans are approved solely on the lender’s faith in their business in repaying capacity. So if you have a convincing loan repayment plan showing your business growth then getting the loan is not a problem. Make sure that you have a good bank balance always which indicates that you have sufficient money at hand to repay the loan installments regularly.

Bad credit unsecured business loan are approved without taking any the borrower’s property as collateral. However such a business person should be prepared to pay interest at very high rate because of unsecured loan and bad credit. The loan amount approved usually remains smaller depending on the size of business.

It would be wise if you first know your credit score and even better is you pay off some easy debts so that credit score improves and then apply for the loan. Improve credit score may fetch comparatively lower interest rate loan. You will come across host of lenders claiming to be having best bad credit unsecured business loan deal for you. Take their rate quotes first to compare them extensively. Ensure that you pay off the loan installments in time bound manner so that your credit score improves and loan availing for your business becomes easier.

Peter Taylor is a senior financial analyst at Bad Credit Unsecured Loan with an acumen for finance and insurance. In recent years he has taken up to provide independent financial advice through his informative articles.To find bad credit unsecured business loans, bad credit unsecured business loan, new car loan, bad credit unsecured loan, unsecured loan that best suits your need visit http://www.bad-credit-unsecured-loan.net

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