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Q: Can a VA loan be used to start a business?
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Is Old Dominion Life Insurance of Richmond Va still in business?

yes


Were Blair Underwood's parents in the amway business?

Yes. They started their Amway business long before Blair became an actor. His mother headed up the Amway business and his father was a Lt. Col. in the US Army. He retired in Petersburg, Va. & headed the ROTC program at Virginia State University. Blair finished High School at Petersburg High, went to college for a while & decided to take a shot at acting. As we know, that went quite well :)Amway was a great business back then & is still a viable business today as long as you approach it realistically and put in the necessary effort to build your business.Ron Peterson | Consultant/DeveloperCall: 804-335-1457Click: ron@rp47.comConnect: rp47.comSignature powered by WiseStamp


What are the steps in starting an online small business?

You cannot just jump into any small or home based business just because some people are making money from it or because it is popular. I advise work at home income seekers to start a home business in what the enjoy doing. Passion is what keeps a business alive. In fact, it is the life blood of your business. That been said, do you love cleaning, the start a home or office cleaning business. Do you enjoy cooking? How about entering data online? Do you type fast and love typing. Do you have a customer service experience, how about a customer service work at home for companies? Starting an online business also requires the same considerations as offline business. Are you going to be selling goods, service or information? If you would be selling goods and services, then what segment of the market would benefit from your product? that will be your target market. You will also need to set up an online store and a safe way of money transaction, such page URL would need to start with https://.... If you are selling information, then you need to build a quality website loaded with unique and lots of information and submit your website to search engines. Also apply to the Google Adsense program, Its a good source of incomeSome of the areas of Online Business are: 1.) Affiliate Marketing - Promoting other company's products and services on your website. When a sale is made, you get a commission. 2.) Blogging - A chronologically based web log filled with articles, reviews, or journal-style writing. You can sell advertising or incorporate affiliate marketing on a blog to earn money 3.) eBay & Auction Selling - Selling or reselling products at an online marketplace like Ebay, Amazon Auctions, or Craigslist. You can sell used goods, buy goods wholesale, or use a drop-shipping service. 4.) E-Commerce - Selling products or a technology-based service on your own website. 5.) Arts & Crafts - Creating and manufacturing your own product lines and selling them online. 6.) Internet Research Business -Doing internet research for corporations, law firms and other small businesses. 7.) Freelance or Contract Services - Providing professional services such as copywriter, web design, photography, illustration, and programming usually billed on an hourly rate. 8.) Recruiting - Recruiting candidates for companies who pay a fee when a hire is made. 9.) Consulting - Providing your specialized industry knowledge to corporations, entrepreneurs, investors or other businesses". 10.) VA (Virtual Assistant) - Providing administrative and business support to other business owners and small businesses". You can make money from anything you love and enjoy, the difference is the attitude and passion. Think of it, some of us are smarter than most online scammer, yet they rip us off our hard earned dollars. Determination and attitude is the key. Congrats on wanting to start your own business. Before starting any new venture in the small business industry you need to consider what sort of business to launch and operate. Many do well by focusing on a venture that complements their interests. Something they are passionate about which will make for a profitable online venture. You also need to avoid some of the common pitfalls and scams. Check carefully any promotions that tell you how you can start a business for a small start up fee and then you can earn more by signing up others. Really you should start a business that you care about - either something you know a lot about, or something you are very interested in and are happy to keep on learning about. If you just 'go where the money is' then you have more chance of making a mistake, and more chance of burning out. There's no such thing as fast/easy money - you will have to work at whatever you do. The foundation is your domain name - find a name Build a Web Page on the Internet to be seen by anyone who types in your address Set Up a Mailbox, your business address on the web is your domain name. Your one-page Web site and email address may meet your business' needs for less than $50. From here you'll be able add more mail service, a template-based Web site, or a fully customized site that may include e-commerce. Just as with any business, you need to start by figuring out which business model is going to work best for you. Online business models vary from brick and mortar models for obvious reasons.


What is an assumable contract?

More context would help. Here is a general answer based on some assumptions. Assumable contracts when used for discussions involving US real estate are rare these days. What it means is the contact between a borrower and a lender can be assumed by another party who wants to take over for the borrower. That is not the legally precise definition but that was the market practice. VA and FHA were two areas were contracts (the loan) was assumable. For the most part any time someone wants to assume the existing contract the other side to the transaction (the lender in this example) will need to give prior approval. The contract might be assumable if a reasonable alternative borrower applies. It is not done all that much in residential. It can be found in the commercial real estate sector.


What is the effect of merger?

synergy effect of mergers means when two businesses merge together than the value or the income of the merged business will be more than that of the individual businesses. It is not just the combined earnings or value of the individual businesses rather the earnings and value increases because the loopholes of one is overcome by the strong areas of other. This disproportionate increase in value is called synergy. Ex: production person combines with marketing person works wonder. co. A intends to take Co. B, so here value synergy can be indicated as: NPVab =Vab-(Va+Vb) NPVab=Value synergy Vab= Value of merged firm Va=Value of co. A Vb=Value of co. B

Related questions

where can i get a small start up va business loan ?

Where can i get a small start up va business loan.


What companies offer a VA Business Loan?

There are several companies that offer a VA Business Loan. Examples would include VA, The Small Business Administration, VA Realty, Veterans Today and SBA.


What is a VA home loan calculator used for?

A VA home loan calculator is used by military veterans to calculate their eligibility for a home loan such as a mortgage from a financial institution.


Can I qualify for a VA backed home loan again?

Typically a VA loan is only available once per individual. If you have a spouse who is a veteran and has not used a VA loan, he or she may be able to take out a loan under his/her name.


Which banks offer good VA small business loans?

Chase Bank has a very good VA Small business loan program. They have branches located throughout the country.


What is the going interest rate for a VA Small Business Loan ?

The interest rate on a VA small business loan is set on the basis of the prime interest rate. For a loan of $25,000 or less 7 years or less Prime + 4.25%, and for $50,000 or more 7 years or more Prime + 2.75%


What amount is typical for a VA small business loan?

The average loan size is about $10K according to the Veterans' Administration, but the range is large, from $2K to $50K.


If you are a retired and a disabled veteran that has used your VA and had a foreclosure can you still apply for a VA loan or assume the VA loan of someone that couldn't afford it?

Yes, as a retired and disabled veteran, you may still be eligible to apply for a VA loan or assume the VA loan of someone who is unable to afford it. However, the approval will be subject to meeting the VA's eligibility criteria and lender requirements. It is advisable to contact the nearest VA office or a VA-approved lender for specific guidance based on your situation.


Who's eligible for a VA-backed loan?

Veterans are eligible for a VA-backed loan. Veterans who were released are also eligible for VA-backed loan.


Is there an easy way to apply for a va loan?

You can apply online for a VA Home Loan. The two most used sites are www.veteranloancenter.com and www.vamortgagecenter.com. If you need information on what you will need to qualify for a VA home loan, please visit the home loan information page at the Dept for Veteran Affairs at http://www.homeloans.va.gov.


Does the VA guarantee their mortgage loans?

Yes, a VA mortgage loan is guaranteed. A VA loan is a mortgage loan guaranteed by the US Department of Veterans Affairs.


Where could one find more information on the VA loan rate?

A VA loan is one for military members. To find out about getting a loan, benefits, and loan rates one can visit the website for veterans united or the VA loan.