Tag : Loans

How to Get a Business Loan With Bad Credit, Fox Business, business

How to Get a Business Loan With Bad Credit

By Rohit Arora Published September 10, 2013 Small Business

Business loans for bad credit

While the small business lending landscape has been steadily improving over the past year, challenges still remain, particularly for companies that have less than stellar credit histories. Many banks are not willing to provide capital to small business owners who have below average credit scores.

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There can be valid reasons why a company might have a poor credit history. During the Great Recession of 2009-10, many small businesses fell behind in payments to vendors or simply could not correct their cash flow issues quickly enough. After all, the hardest time to secure credit is when you are desperate for it. The black marks on a company’s credit history can take months — even years — to erase.

Fortunately, there are lenders who are willing to take chances on a small business owner who may have run into some short-term financial problems and startup companies that have no credit history whatsoever. However, remember the lenders are usually not brand names in the financial services industry; and the interest rates and fees can sometimes be higher than those offered by traditional banks.

Here are some financing options available to business owners with lower than average credit scores:

Merchant Cash Advance is a short-term loan paid in a lump sum to a business owner in exchange for a portion of a company’s future credit-card sales. Companies involved in this type of financing offer quick access to cash without requiring excellent credit or substantial collateral. Some cash advance companies will approve funding requests and forward money in as little as 48 hours. Interest rates are often a bit higher than what traditional lenders charge, however.

Business Credit Cards can provide business owners with poor credit histories access to debt financing. Opening a credit rebuilding credit card is one of the best ways for a business owner to repair previous credit damage.

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Microloans are made by non-profit organizations, such as Accion (http://www.accionusa.org), which will grant small loans (up to $50,000) designed to help startups owned by women and minorities, as well as companies that are established in economic empowerment zones. Loans are also available through the Small Business Administration’s (SBA) Microloan Program, which lends funds through non-profit community-based intermediary lenders. Microloans are a great option for businesses with bad credit or no credit histories because their credit requirements are typically more lenient.

The good news for small business owners is that there are ways to improve credit scores. Here are some tips for repairing damaged credit scores:

Check business credit reports periodically

A business’s credit score is derived from a complex mathematical equation designed to predict the likelihood of default. Credit ratings agencies, such as Equifax and D B, examine:

Pay bills on time

Late or missed payments negatively impact credit scores. The most important thing is to remain current. Fortunately, recent payment history counts more than older credit problems. Thus, negative issues will eventually fade, and credit problems fade with the passage of time. However, a collection account will remain on your credit history for seven years.

Be cautious with credit cards

Even if your personal debt is problematic, building a positive history of business transactions can enable you to establish a track record of creditworthiness. For this simple reason, it is wise not to co-mingle business and personal bank accounts. Once accounts are separated, be sure that company payments are in order.

My advice to someone who is just starting to build a business credit history is to open a business credit card and make consistent, prompt payments. Some people open numerous credit cards in an effort to increase available credit. In fact, if you open too many credit accounts too soon, the impact will be negative. It is more effective to have one card and to pay it off in full each month.

Incorporate your business

Incorporating makes your business appear more serious. Once you have legally established your business, set up bills (phone, electric, etc.) in the company’s name. If you need small business loan, banks are more likely to make grant funding to a company that has an established address and pays its utility bills each month than they are to a freelancer working at home.

Pre-pay bills when possible

Vendors may offer discounts for pre-payment. If your company is in a position to pay early at a reduced rate, you can cut your operating costs and ultimately improve cash flow. As an added bonus, vendors whom you pay early will likely serve as credit references if you need them in the future.

Run a lean, profitable business

Every company’s goal is to be profitable. Manage staff schedules wisely, particularly when business is slow. Keep inventory at reasonable levels.

Banks are taking a risk by providing capital to small companies. When you apply for a small business loan or a line of credit, lenders want to be assured that you are a good credit risk. That means being fiscally prudent, paying bills on time, and building a solid credit history. These tips seem rudimentary, yet they are very important. For more information, you can visit Biz2Credit’s credit improvement page.

Small Business Loans, Unsecured Loans, SkyCap Funding, small business loans.#Small #business #loans

Small business loans. Made simple.

Qualifying for the funding you need shouldn’t be complicated. Working capital solutions help small business owners grow their enterprise with minimal paperwork, no collateral, and flexible repayment.

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Thank you but prequalifying for funds requires a minimum amount of time in business and proven sales volume.

  • Small business loans

1. Apply today

Apply online, by fax, or phone from your US-based business

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    2. Receive an offer

    A SkyCap agent will deliver a funding offer up to $500 K within 24 hours

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    3. Accept or decline

    Evaluate SkyCap’s financing offer with no obligation, fees, or fine print

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    4. Receive funds

    SkyCap deposits funds directly to your account so you can cover urgent costs

    We create financing solutions based on your projected revenue, and remittance is deducted from a percentage of your future sales unlike a standard bank loan.

    Applicants may be eligible for a variety of financing options. The best way to see if you qualify is to apply online or call to speak with one of our specialists.

    SkyCap provides financing solutions that range from $2,500 to $500,000. Apply now, and receive a funding offer within 24 hours!

    There are no application fees or hidden costs. You are under no obligation to accept our funding offer nor are you obligated to SkyCap once your financing solution is remitted.

    Less than perfect credit does not make you ineligible. Remittance is a fixed percentage of your business’ future income.

    Your application will be pre-approved within 24 hours, and the funds will be deposited in your business account within 2-3 business days.

    We offer fixed repayment options based on your estimated receivables. This repayment system allows you to continue to earn revenue while repaying your loan in manageable installments.

    There is no need to change your current credit card processor. SkyCap’s credit card processing partners are willing to do a free cost analysis that can end up saving you thousands of dollars a year. For more information about how to take advantage of this service, please contact us.

    No, you still qualify for a working capital solution. Contact us to find out more.

    About Us

    SkyCap Funding makes it easy for small business owners like you to access fast, secure financing solutions without the restrictions imposed by traditional bank loans. Minimal paperwork, no personal collateral, and flexible remittance are just a few of the reasons that small business owners choose us when they need business capital.

    We fund businesses across diverse industries including fields that may be considered “high-risk” by other financing institutions. Find out how you can qualify in less than a day by contacting one of our representatives at 1-888-250-5227.

  • Business Loans – Unsecured Business Loans – Quick and Easy, unsecured business

    Need A Business Loan, Quick?


    Unsecured business finance for small businesses in South Africa is here.

    If you are looking for small business funding, funding for business, sme funding, smme funding, business finance options, private business loans, funds for small business, business investors, company funding, purchase order funding or invoice discounting finance, apply now for quick business finance.

    R 50 000 to R 1 mill, In 3 days, No security required.

    Use the money to factor invoices, to expand, buy assets, settle debt, pay VAT, pay a deposit, pay tax, buy a vehicle, buy out a partner or for any purpose, is now possible.

    If you have sales of R 1 million in the last 12 months apply on this site and submit 6 months bank statements after a loan manager has called you to get your Business Loan, quick.

    The main criteria is regular cash flow through your bank account; ideally from credit card sales, EFTPOS or regular payments into your bank account. ( other conditions apply )

    Private business loans are aimed at SMME’s with strong cash flow

    Don’t let Business Funding be a daunting exercise.

    Whether you use our small business loan service, big business funding service or are looking for a commercial loan, short term loan, long term loan, working capital loan, loan finance, unsecured business finance, business bridging finance, secured business loan, franchise business loan, franchisee loan or any other type of business finance, we have access to many sources of finance.

    • Submit the APPLY NOW enquiry form on this site
    • A loan manager will call you
    • Submit 6 months bank statements and completed application form
    • A business loan assessment is done
    • A credit loan is proposed and agreed to
    • The business loan funds are transferred to your bank account
    • You then pay back the agreed amount each day or week, until the working capital loan is settled

    Some Examples:

    The business was trading well and had been in existence for just over 12 months.

    Most payments by customers were made by Credit Card.

    The owner needed to upgrade his kitchen to ensure he met the seasonal demand.

    He also had some creditors pressing for payments.

    He applied for a R 300 000 unsecured loan Based on his credit card sales, a 6 month a unsecured business loan was granted.

    The kitchen was upgraded and the creditor was paid.

    He is paying back his loan by weekly debit order.

    Established 18 months earlier and was growing at a rapid rate.

    The owner signed a property lease for 3 years.

    He needed to upgrade the IT systems to cope with a new distribution contract he had secured.

    A large portion of his payments were made via a portable payment POS credit card machine.

    The lender assessed transactions going through his credit card account and granted a R 100 000 loan in 3 days.

    Repayment was by daily debit order.

    Repayments were negotiated to be at 10 % of the daily sales.

    The business had been trading for 15 months in a shopping centre.

    The shopping centre had recently been upgraded and so the owner needed to upgrade the shop décor.

    Within 3 days of submitting all supporting documents the R 50 000 loan was granted.

    Repayment is by 26 weekly debit orders.

    A national chain of health boutiques was upgrading many of its outlets and needed R 500 000.

    A large portion of sales were made by credit card / EFT POS.

    After a little negotiation a loan of R 1.5 million was granted.

    Repayment is by weekly debit order.

    The company had been trading for more than 3 years.

    Contracted clients made regular monthly payments by EFT into the bank account.

    They needed a deposit to rent a new warehouse and applied for a loan.

    A R 500 000, unsecured loan was approved in 5 working days.

    • Business-Loan.co.za is an independent loan facilitator.
    • We are not qualified to give advice but submit your application to lenders that are.
    • Loans are not automatically granted and assessed on various risk and repayment criteria.
    • The Enquiry Form on this site, has set of basic questions which enable the lender to assess the risk and make a high level decision, on whether they can take the application forward.
    • When submitting the Enquiry Form, your application is submitted directly to the lender.
    • The lender will call for more information to verify the information you submit.
    • All loans are granted at the sole discretion of the lender.
    • The lender pays our fee.
    • Please ensure all requested documentation is submitted, to ensure quick processing.
    • Interest on loans: Equivalent of 4.17 % per month
    • Financial implications: Interest is accrued at lending rate of 4,17 % per month plus legal costs
    • Collection practices: All non-payment loans will be handed over to attorneys for collection. Legal costs will be for the borrower’s account
    • Impact to borrowers credit score: Defaulting borrowers will be added to the Credit Bureaus records and will be negatively rated
    • Renewal policy: The renewal of any loan will not be automatic and will be at the lender’s sole discretion. New or renewals will attract same fees as the original loan ie 4.17 % per month

    FHA Government Loans – FHA Loan Programs, government loans.#Government #loans

    government loans

    First Time Home Buyers searching for loan assistance can now take advantage of FHA Government Loans First Time Home Buyer Programs that can require as little as 3 % down. Read more »

    FHA Refinance Programs (now at the lowest rates in 22 years)

    The past few weeks have been a joy ride for homeowners looking to refinance, with refinance rates and FHA mortgage rates all dipping. Homeowners have scrambled to get their mortgages modified to ease debt pressure. With the proactive help from the government, even banks have been able to keep FHA loans rate as low as possible as FHA Refinance rates dropping to historic lows. The final months of 2010 are being regarded as the best time to refinance in almost 30 years. Read more »

    FHA Loans for a fixer-upper (203k Program)

    The Section 203(k) program is the Department of Housing and Urban Development (HUD), primary program for the rehabilitation and repair of single family properties These programs operate through FHA-approved lending institutions which submit applications to have the property appraised and have the buyer’s credit approved. These lenders fund the mortgage loans which the Department insures. Read more »

    The FHA in your State

    Government loans

    Financial assistance for Seniors

    Many older Americans need greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more. One of the nations fastest growing solutions is a Reverse Mortgage. Read more »

    Government loans

    FHA Loan Information

    The FHA does not lend money. The FHA (Federal Housing Administration) is part of HUD backs individual Approved Lenders.

    Note: We are not affiliated with the Federal Housing Administration, the Department of Housing and Urban Development, or any other government agency. We are an FHA Educational Resource.

    When you fill in our short application we will provide your information to one, (and only one!) FHA Approved Lender who can help you based upon many factors, including your Credit Score, your State Location, and the Type of Loan you apply for

    Read more Government loans


    Government loans

    FHA News Information

    • Thirty-year fixed, 15-year fixed and 5/1 ARM rates were all lower today, according to a survey of current mortgage rates published by National Lenders Thursday morning. (2/2/17)
    • FHA Home Loan: A Smart Choice When Rates Are Rising. As people watch mortgage interest rates move upward, they might be wondering whether there is a mortgage out there for them. The FHA home loan could be something to look into, depending on one’s savings, credit score, income and future needs. (2/27/17)

    HUD suspends FHA mortgage insurance premium cut. The FHA will issue a subsequent Mortgagee Letter at a later date should this policy change (01/27/17).

    Government loans

    © 2017 FHA Government Loans .org

    FHA Government Loans .org is a not a lender or a mortgage broker. We do not direct market by phone or email consumers. We do not provide any loans, loan modifications or foreclosure services. Note- FHA Government Loans .org is not affiliated with HUD or FHA and is not a government agency. FHA Government Loans .org is a website that provides information about mortgages and loans and does not offer loans or mortgages directly or indirectly through and representatives or agents. Any request for mortgages will be arranged by third party providers We do not direct market by phone or email towards consumers. FHA Government Loans .org is known as Mortgage Information Technologies LLC in lieu of true name, is a news and information service providing Federal Housing Authority news, content and directory information relative to mortgages and loans. We are not responsible for the accuracy of information and/or interest rates represented and we are under the assumption that all content is in accordance with the Copyright Policies of the United States of America and territories If you are suspicious of any fraudulent activities or if you have any questions Contact Us or your local HUD Agency or the Office of the Inspector General.

    Canadian Government Grants & Loans – Small Business Financing, government loans.#Government #loans

    Try the Grant Finder Search Engine

    Search through 926 government programs

    Many government programs have a limited window for when they accept new applications. Don’t risk losing your chance to receive funding.

    Ready to Get Started?

    Or fill out the form below to get in touch with one of our Funding Experts.

    Government loans

    Government loans

    Government loans

    The recipients in these stories took the first step and contacted our Centre to learn about their funding options. Although we cannot guarantee you will get funding, the more you know about others experiences the better your chances.

    CFSBF has no affiliation with any program, and no claim is made that funding is guaranteed.

    View Funding By:

    Get Expert Help

    Find out if you may be eligible for funding

    Call: 1 866 682 2402

    Still not sure where to start? Our in-house group of experts can help. Give us a call or fill out the form below to begin.

    For More Info Call 1 866 682 2402

    Find out if you may be eligible for funding

    Call: 1 866 682 2402

    Still not sure where to start? Our in-house group of experts can help. Give us a call or fill out the form below to begin.

    Government Money May be Available For Your Business

    Search through 926 government programs

    You may be eligible for.

    Many government programs have a limited window for when they accept new applications. Don’t risk losing your chance to receive funding.

    Time Left To Register Today

    Ready to Get Started?

    Call Us for More Info 1 866 682 2402

    Or fill out the form below to get in touch with one of our Funding Experts.

    Business Loans – Apply for a Business Loan Today, loans for business.#Loans

    Business Loans

    Loans for business

    A business loan can help you realize your aspirations for your company. Whatever the size of your business, whether you are just starting or you need a cash injection to expand, you might require the extra support of a loan. However, if you are considering a business loan make sure that it is something your business can afford. It is worth comparing as many different business loan offers as possible to ensure that you get the best deal possible. This loan could be the make or break of your business. Work out all of your costs carefully and make sure you are confident that you will be able to make payments on time. Generally speaking the two main types of business loans are either secured or unsecured. It pays to do your research and shop around because you are more likely to find a better deal than just accepting the first loan that you come across. We provide the details for loan suppliers who offer some of the best interest rates in South Africa.

    If you wish to speak to someone: Contact Us

    Related Business Loans Products

    Compare Business Loans

    Loans for business

    Whether you are just starting up or are already an established business, a business loan can help you reach your goals.

    These types of loans are taken out for people looking for financing for their business. Often getting the right finance is critical to the success of any business.

    Business loans can help you realise your current and future aspirations.

    Whatever the size or type of your business you can find a wide range of loans that can suit your corporate requirements. There are lenders that specialize in finding both short term and long term financial solutions for business owners, regardless of their personal credit history.

    Be prepared to be required to submit a business plan when applying for a loan to provide information to the lenders on the performance and future plans for your business.

    What can a Business Loan be used for?

    Most business loans are taken are in order to expand a business’s earning potential in some way. Business loans are particularly helpful for companies looking to get started. Business loans give businesses instant access to money allowing companies to expand their potential profitability.

    Business loans are used for a range of purposes. It could be that you are looking for new offices or space for your business, you want to purchase business insurance or you need to buy necessary equipment, employ more staff or for promotion for your company.

    Finding the right loan for you and your business

    Whatever your needs it is important that you choose the right business loan to ensure you get the best deal. Make sure you find the lender that offers the most competitive interest rates and a range of loan terms to suit your requirements. Choose a company that understand your specific needs.

    The amount you can borrow will depend on your business and each lender will have its own criteria. The exact amount you can borrow is usually based on the size or type of your business but could also be determined by what you need the money for.

    Watch out for any hidden or upfront fees that might be attached to the loan and always read the terms and conditions thoroughly.

    Business loans can have many flexible aspects so take your time and compare the different loan offers. Use the table above to compare different lenders.

    How to compare business loans quickly and easily

    Searching for a loan that is suitable for you can be a challenging task. That is why our comparison grid will come in helpful so you are able to make an informed decision your you and your company. You are quickly able to compare information such as the provider, representative APR, total amount payable, product and terms and conditions.

    Remember, every time you are refused an application for a loan it could have an effect on your credit rating. Only apply for a loan you are confident you will be accepted for.

    Canadian Government Grants & Loans – Small Business Financing, business startup loans.#Business

    Try the Grant Finder Search Engine

    Search through 926 government programs

    Many government programs have a limited window for when they accept new applications. Don’t risk losing your chance to receive funding.

    Ready to Get Started?

    Or fill out the form below to get in touch with one of our Funding Experts.

    Business startup loans

    Business startup loans

    Business startup loans

    The recipients in these stories took the first step and contacted our Centre to learn about their funding options. Although we cannot guarantee you will get funding, the more you know about others experiences the better your chances.

    CFSBF has no affiliation with any program, and no claim is made that funding is guaranteed.

    View Funding By:

    Get Expert Help

    Find out if you may be eligible for funding

    Call: 1 866 682 2402

    Still not sure where to start? Our in-house group of experts can help. Give us a call or fill out the form below to begin.

    For More Info Call 1 866 682 2402

    Find out if you may be eligible for funding

    Call: 1 866 682 2402

    Still not sure where to start? Our in-house group of experts can help. Give us a call or fill out the form below to begin.

    Government Money May be Available For Your Business

    Search through 926 government programs

    You may be eligible for.

    Many government programs have a limited window for when they accept new applications. Don’t risk losing your chance to receive funding.

    Time Left To Register Today

    Ready to Get Started?

    Call Us for More Info 1 866 682 2402

    Or fill out the form below to get in touch with one of our Funding Experts.

    Business Loans Adelaide, Finance Brokers Adelaide, Commercial Loans, loans for starting a

    The right business loans allow your business to soar in Adelaide

    Business loans are an essential key to making your business flourish in Adelaide. Whether you’re a start up or existing business, the right loan will put you on the road to success. When acquiring and developing a business, help from professional finance brokers is essential. At Coscia Finance we can assist with all facets of your business’s operations. Whether it’s purchasing commercial property, expanding your business or cash-flow funding, we can help you find business loans to facilitate the process in Adelaide.

    Our finance brokers make the loan application process simple in Adelaide

    The procedure of obtaining a business loan can be quite daunting for business owners unfamiliar with the process. With different lenders offering different loan options, it can become confusing. Rather than taking the steps alone, allow our finance brokers in Adelaide to be with you every step of the way. We equip you with the right information and documentation, making the process much easier. With our help, you will be confident in your business loan choice.

    Our finance brokers liaise closely with business owners to ensure they understand their business goals. Often we ask to see a business plan, as well as personal and business financial statements. Information regarding collateral is also sometimes required if the loan is secured.

    Once we’re equipped with a business’s relevant information, we help you prepare a business profile. A business profile provides lenders with relevant information about your business, including information regarding the company’s annual sales, a profit and loss statement, details about recent ownership, the type of business, number of employees etc.

    Our finance brokers make the loan application process simple in Adelaide

    Coscia Finance deals with more than 25 different lenders to find you the best business loan. Currently, secured loans are the most common form of funding, however, specific financing differs from lender to lender. Below we have outlined the most common financing options available.

    • Start up financing

    • Business growth financing

    • Debtor/ inventory financing

    • Motor vehicle financing

    • Equipment and plant/ tool financing

    • Business property financing

    If you are starting up a new business, or alternatively want to grow your existing business, talk to our professional finance brokers at Coscia Finance in Adelaide. We are committed to helping your business and securing business loans that put you on the path to success in Adelaide.

    8 Great Sources of Financing for Women Starting a Business – Next

    8 Great Sources of Financing for Women Starting a Business

    Loans for starting a business

    Four years ago, Linda Waitkus quit her job as store manager for a Bloomingdale’s near Washington, D.C., to open Great Dogs of Great Falls, an 1,800-square-foot pet shop with grooming services in Great Falls, Va.

    When I stopped by to interview her recently, I was impressed to discover that Waitkus, now 57, made all the right moves for launching a new venture, starting with a rock-solid business plan. But what really impressed me is this: She had saved enough money outside of her retirement accounts to finance the startup.

    Great Dogs started turning a profit in its first year, and Waitkus has been able to pay herself a salary. (I contributed to the cause by purchasing some treats and marrowbones for my Lab, Zena, when I popped in.)

    Women have been starting businesses like mad in recent years, and at a higher rate than men, according to a report from American Express OPEN Forum. Between 1997 and 2012, the number of women-owned firms increased by 54 percent, a rate 1.5 times the national average.

    But starting a business may be even harder for women than for men, as explained in a recent Forbes.com article by Susan Coleman and Alicia Robb. Authors of a new book released by the Kaufmann Foundation, A Rising Tide: Financial Strategies for Women-Owned Firms, Coleman and Robb contend that businesses run by women face hurdles that aren’t encountered by men.

    For instance, they report, women seeking first-year financing to get a business off the ground receive about 80 percent less capital than men. This echoes what I’ve heard from female entrepreneurs I know, who’ve told me that finding money to finance their companies was the hardest part of their launches.

    With that in mind, here are eight resources women should consider if they want to raise cash for a fledgling business — and two to avoid at all costs:

    Personal savings Most startups, like Waitkus’s pet shop, are financed with an entrepreneur’s own money. But as I wrote in my Next Avenue blog post, “When It Comes to Money, the Deck is Stacked Against Women,” women tend to earn less than men, which means they often don’t have a full cupboard to tap.

    Loans from banks and credit unions These are the chief sources of financing for women-owned firms. Fortunately, women are no longer more likely to be rejected for these loans than men, according to Coleman and Robb’s research.

    If you plan to apply for a bank or credit union loan, I recommend you have a solid business plan, a stellar credit record and an excellent credit score (720 or higher). You might want to try a bank where you’ve been a longtime customer or one that is familiar with your company’s field. For more tips, read the Next Avenue article, “How to Get the Business Loan You Want” by Steve Bloom, a counselor with SCORE, the nonprofit small business adviser affiliated with the U.S. Small Business Administration.

    An SBA-guaranteed bank loan can keep your down payment and monthly payments low. To find a bank offering one of these loans, check the Local Resources section of the SBA’s website as well as the site’s loans and grants search tool.

    Home equity credit lines or loans Lenders typically let you borrow 75 to 80 percent of your home’s value, minus the amount of money you still owe on the mortgage. With a home-equity line, you receive the money in increments, rather than the lump sum you get with a home equity loan. The interest rate on home equity credit lines is typically lower than on loans, which you receive as a lump sum.

    According to Bankrate.com, the average rate for a $30,000 home equity credit line is 4.58 percent; for a $30,000 home equity loan, it’s 5.71 percent. Just be certain that you’ll be able to repay this kind of financing — your house is on the line.

    Relatives and friends Family members and pals often lend money interest free or at a low rate of, say, 3.5 percent. Be sure to get legal advice and create a binding contract if you want to finance your business this way. You’ll want to put the loan’s terms in writing to avoid any misunderstanding about repayment dates and interest.

    Angel investors and venture capital firms These financing sources provide money in exchange for equity or fractional ownership. However, they’re typically swamped by requests and extremely careful with their money.

    Compared with men, only a tiny percentage of women rely on this kind of financing, according to Coleman and Robb. One possible explanation, the authors say, is the difference between the types of firms typically started by each sex. Women-owned firms tend to be less growth-oriented and heavily represented in the retail and service sectors. Equity investors prefer growth-oriented sectors, like technology and bioscience.

    Another reason women have often find equity-financing windows shut is that don’t belong to the key networks that provide this financing. Traditionally, the authors note, angel investing and venture capital fields are closely knit, difficult to penetrate and dominated by men.

    Crowdfunding websites Financing for the incredibly successful Pebble smartwatch was ramped up via Kickstarter, a crowdfunding website that entrepreneurs use to find people who’ll invest small amounts of money in tech projects or creative endeavors like music or video games. Pebble’s founders hoped to raise $100,000 through Kickstarter; they ended up bringing in more than $10 million.

    With Kickstarter, listing your project is free. You simply post a description of the project, including a video, your target dollar amount and a deadline. Then you send a mass e-mail to family, friends and colleagues, asking them to help and also to share your financing invitation with others. When you reach your goal, Kickstarter takes 5 percent, and you pay 3 to 5 percent to Amazon.com’s credit-card service. If you don’t raise the money by the deadline, all pledges are canceled.

    Similar crowdfunding sites, like Rock the Post, Indiegogo and AngelList, can also connect you with angel investors.

    In the past, small businesses couldn’t sell shares of their company through crowdfunding sites because that violated Securities and Exchange Commission rules. But this spring, Congress passed the JOBS Act, which will allow such equity-based crowdfunding sometime next year, when the SEC’s new rules kick in.

    (For more about this law, read NextAvenue small-business blogger Gwen Moran’s post “What the New Crowdfunding Law Means to Small Business Owners.”)

    Economic development programs You’ll need to do some legwork for this type of financing, but it could be well worth your time. As Moran blogged in “A Great Way to Give Your Small Business an Edge,” getting your firm certified as a woman-owned business can help you qualify for money that’s only available to companies with that designation. Certification can also help you land government and big-business clients.

    Some corporations offer these types of programs. For example, Michelin North America, based in Greenville, S.C., has provided $1 million in low-interest financing — loans range from $10,000 to $100,000 — to certain businesses, including women-owned firms, in parts of South Carolina.

    Local economic development agencies, such as Rockville Economic Development in Maryland, also award cash prizes for new, female business owners. Check the SBA’s online directory and contact the office in your area to see if any money is available for women-owned businesses.

    Grant programs for women The SBA operates a network of nearly 100 Women’s Business Centers around the country. They provide state, local and private grant information to women eager to start for-profit or nonprofit businesses.

    Grants.gov lists information on more than 1,000 federal grant programs; many are specifically for women-owned businesses.

    Business.usa.gov is the federal government’s site for entrepreneurs looking for short-term microloans and small business loans. Search this site for info on all programs available to women business owners in your state.

    2 Financing Sources to Avoid

    And now the two sources of money you don’t want to use:

    Credit cards Avoid using plastic at all costs. Most cards carry double-digit interest rates, which is an outlandish price to pay for starting a business. Also, it’s very easy to get yourself into trouble this way, given the financial ups and downs of a new venture.

    Retirement savings Trust me, you don’t want to dip into your 401(k) and IRA. Not only will you owe income taxes by taking money out, you’ll lose the tax-deferred compounding and, if you’re younger than 59½, you’ll owe Internal Revenue Service withdrawal penalties. Worst of all, you’ll highjack your future financial security. Please don’t do that. No business is worth it.

    Loans for starting a business

    Startup Lisboa, startup business loans.#Startup #business #loans

    The Lisbon Incubator

    Lisbon’s Incubator

    Startup Lisboa is a incubator that supports the creation of companies and their first years of activity. Founded in 2011 by the Lisbon Municipality, Montepio Bank and IAPMEI – Portuguese Agency for Competitiveness and Innovation, it’s a private non-profit association that provides entrepreneurs and companies with office space as well as a support structure. We provide mentoring, link to strategic partners, access to investment, help with business basics, networking activities, and communication services.

    Startup business loans

    What we do

    Startup Lisboa is everything but an office center.

    What we do

    Startup Lisboa is everything but an office center.

    We are facilitators

    “We do not invest in startups, but we connect them with investors and potential clients,” we say. This is an example we use to define the work to which we are daily committed: to facilitate access to investment, mentors, strategic partners and potential customers.

    We encourage the founders to look for what’s best around the world to maximize their chances of growth and keeping their link to Portugal. Some incubated startups have teams abroad boosting their growth, including taking part in accelerators. Six teams are part of Seedcamp community, two are YCombinator alumni, for instance, and we’re proud of it.

    As a private non-profit organisation, our mission is to support the creation of companies and entrepreneurs in their first years of activity, to promote job creation, and to support the urban, social, and economic vitality of Lisbon’s city center.

    Startup business loans

    We are family

    We’re proud of our community and we’re always looking for the best teams to start grow their businesses in #startuplx

    We are family

    We’re proud of our community and we’re always looking for the best teams to start grow their businesses in #startuplx

    We have no calls but are instead permanently open for online applications.

    After a first screening of the forms, and in regular periods, we invite entrepreneurs to pitch their ideas to a jury session, to be evaluated.

    Applications from all over the world are accepted.

    The Facilities

    Startup business loans

    Startup business loans

    Startup business loans

    Rua Da prata Nº 80

    Startup Lisboa’s HQ is located in downtown Lisbon in a completely renovated 200 year old, 6 story building. It’s a vibrant place where over 40 startups are boosting the entrepreneurship scene in Portugal; each startup has its own office, but there’s also a coworking room for smaller teams. Opened in February 2012, the space features a flexible 60 m2 room that can be converted into three 20 m2 meeting rooms that fit up to 10 people each, a dinning room and kitchen, and a social area (lounge) with a kitchenette where you can organize a coffee break or other kind of networking event.

    To be incubated at Startup Lisboa, you must Apply.

    rua da prata Nº 81

    In the summer of 2015, we opened the second building, right in front of the first one. Built in the 18th century, it was renovated to accommodate bigger startups in its two first floors.

    The Silver Street (Rua da Prata) has become even more vibrant since entrepreneurs are always crossing the road and chilling out on the sidewalk for a coffee and a Pastel de Nata (famous portuguese pastry) while on a break from work.

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