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SBA-Secured Loans

Loans to small businesses that are backed by the Small Business Administration

265 Questions

How much Does it cost to obtain a business license?

The cost for the license varies by location and can involve additional processing fees. It usually ranges from $50 - $400 or more, depending on what type of business you're operating. There may be an additional processing fee of $25 or so as well. Purpose of a Business License

What is just in time inventory management?

Just In Time inventory arrives as you need it so that you have no stockpile of parts sitting and waiting.

The management requires vendors and transportation that is highly reliable and well organized because a failure by either the vendor or the transportation can stop your production as well.

Would starting a paper bag industry and marketing them to the local shops thereby contributing to environment will that be successful?

No. Paper bags are basically dead. What I think would be cool, would be to offer reusable bags with stores' logos on them. If you google around a bit you can find blank reusable bags--the cloth ones like Walmart or Target sell, but with no logo. Then call "promotional" companies in your area to find one that will screenprint these bags for you, and sell those.

What licenses are needed to start a movie theater?

You actually do not need any licenses in the USA other than standard health, fire-safety, food, liquor, sign permits, sales tax, etc. To actually get the films and show them is a bit more complex and really depends on location and competition and whether there are enough people in your area to justify a comapany (such as Disney) giving you their 150 million dollar product. The best place to fin info on this is www.bigscreenbiz.com or write me at mdh@bigscreenbiz.com

What is buyers credit and its procedure?

To avail buyers credit contact me @

blog: buyerscredit.wordpress.com, email: sanjaymandavia@gmail.com

Mobile: +919825560186

What is Buyers Credit?

Buyers' Credit refers to loans for payment of imports into India arranged on behalf of the importer through a overseas bank. The offshore branch credits the nostro of the bank in India and the Indian bank uses the funds and makes the payment to the exporter' bank as an import bill payment on due date. The importer reflects the buyers credit as a loan on the balance sheet.

Process flow:

  1. The Indian customer will import the goods either under DC, Collections or open account
  2. The Indian customer request the Buyer's Credit Arranger before the due date of the bill to avail buyers credit financing
  3. Arranger to request overseas bank branches to provide a buyers credit offer letter in the name of the importer. Best rate is quoted to importer
  4. Overseas Bank to fund your existing bank nostro account for the required amount
  5. Existing bank to make import bill payment by utilizing the amount credited (if the borrowing currency is different from the currency of Imports then a cross currency contract is utilized to effect the import payment)
  6. On due date existing bank to recover the principal and amount from the importer and remit the same to Overseas Bank on due date.

What is financial aspect?

When starting a business the biggest factor that determines the success of your business is in fact money, and how much you have of it. The financial aspects are worked on the most on any business, because the whole purpose of the business is all around finance and how to deal with it. Let's take into consideration the whole idea of starting a business is to increase your personal finances, so having said that it makes it a little bit easier to understand to why the financial aspect of a business is the biggest department working towards to success.

What is the funding limit?

Cap set on financial accounts so only a fixed amount is allotted to spend. An example is the U.S. Supreme Court stroking down the funding limit on federal campaign funding.

Can you get a small business loan after chapter 7?

Yes, it is possible to obtain a small business loan after filing for Chapter 7 bankruptcy, but it may be challenging. Lenders typically consider your credit score, which may be negatively impacted by the bankruptcy, and your ability to repay the loan. Building a positive credit history and demonstrating financial stability can improve your chances of securing a loan in the future. Additionally, some lenders specialize in working with individuals who have a bankruptcy in their history.

How much do barbers get paid?

Barber pay varies. It depends on the prices charged at the salon and whether they work at a basic one or upscale one.

Can you sell a business to your spouse to qualify for a minority business loan?

You can sell your business to your spouse and if she is a minority, then she may be eligible for a minority business loan. You must ask the loan officer if the person has to be the owner for a certain amount of time before they qualify for the loan.

What is Issuing Company?

I'm filing for unemployment and a field required is issuing company...it is on the same page asking for a personal id other than your social security. What does this mean? Issuing company???

How much money barbers make?

The salary of a barber will vary greatly depending on where they work and location. The average barber salary is about $28,000 per year.

What are the pull and push strategies?

A push strategy in marketing is used when there has been developed or improved a new product which is unknown to the consumer. As there is no consumer demand in the product launch, the product and the information are "pushed" to the consumer by distribution and promotion. An example of this is a perfume product. Women do not request to smell a fragrance they never smelled before; it is simply "pushed" to them, through the advertisement. Due to the information asymmetry the producer tries by signalling to reduce the information gap between the consumer and the product. This is reached by promotion or other services like personal dialog. Another meaning of the push strategy in marketing can be found in the communication between seller and buyer. In dependence of the used medium, the communication can be either interactive or non-interactive. For example, if the seller makes his promotion by television or radio, it's not possible for the buyer to interact with. On the other hand, if the communication is made by phone or internet, the buyer has possibilities to interact with the seller. In the first case information are just "pushed" toward the buyer, while in the second case it is possible for the buyer to demand the needed information according to his requirements. * Applied to that portion of the supply chain where demand uncertainty is relatively small * Production & distribution decisions are based on long term forecasts * Based on past orders received from retailer's warehouse (may lead to Bullwhip effect) * Inability to meet changing demand patterns * Large and variable production batches * Unacceptable service levels * Excessive inventories due to the need for large safety stocks In a "pull" system the consumer requests the product and "pulls" it through the delivery channel. An example of this is the car manufacturing company Ford Australia. Ford Australia only produces cars when they have been ordered by the customers. * Applied to that portion of the supply chain where demand uncertainty is high * Production and distribution are demand driven * No inventory, response to specific orders * Point of sale (POS) data comes in handy when shared with supply chain partners * Decrease in lead time * Difficult to implement Ref: Wikipedia

Can a wages be garnished in Texas for a SBA loan?

The state of Texas does allow for the garnishment of wages other than child support and school loans. Tax returns and other federal monies can be garnished.

What do you do if you cannot afford your mortgage or secured loans?

First you take a step back and look at where you are, financially. Finding a good nonprofit debt counselor would be a good thing to do. Some suggestions for immediate action: Obtain a seasonal second job for the time being to make more money. To avoid further trouble, stop spending on anything except essentials--make a list and do not shop for clothing, cars, furniture, concerts, CDs, manicures, etc. If it is not on the list, do not buy it. See if you can return or sell any of the high ticket items that are unsecured to reduce your monthly outflow. Obtain a copy of your credit report and start paying off the higher cost loans first. For financial forums and articles, look at msn money.

Hom much would it cost to start a mechanic shop?

well you would have to pay for the land to build it on and then the tools the space and finally the lighting heating, etc. so it would cost an average of 85,000

How can a person with bad credit get a business loan and some help getting back on their feet. I have a great business idea what steps would i have to take.?

A lot of times business owners underestimate the true weight of strong business credit. Strong implies undeniably sturdy. Well-built, demonstrating strength, are both synonyms for strong business credit. Do not forget that lenders look for only the top performing companies to lend to - why would they take the unnecessary risk? If your companies business credit in not top notch then it is probably lacking strong business credit. With that said, do not think that your business must be the biggest on the block. On the contrary, small and well articulated businesses sometimes have a better chance at financing compared to the Goliath down the street. Strong business credit is measured through the business credit score reported at D&B (through the use of a Paydex Score) and, more importantly, it is measured by the business credit profile of the business.
Three ways to get a small business loan with bad credit are through microloans, business credit cards and merchant cash advances.

If you have a secured loan such as an auto loan can the finance company attach any other property?

If the vehicle is repossessed the borrower will be responsible for the deficiency between the sale of the vehicle and the balance of the loan. If an equitable payment agreement cannot be reached by the lender and borrower, the lender can file a lawsuit for monies owed and if successful execute the judgment against any non exempt property belonging to the debtor.

When a defaulted secured loan is charged off and the property isn't repossessed but the account is turned over to an attorney do you still have to pay the loan?

Absolutely, a charge off does not affect the validity of a debt. The issue of the account being referred to a collections attorney or law firm may indicate that the creditor has decided to file a lawsuit or enter into arbitration action to recover the debt.