Small Business Loans

Small business loans are a low-risk form of business financing. Small businesses must meet very strict requirements to qualify for this type of a loan.

4,123 Questions
Small Business and Entrepreneurship
Small Business Loans
Business and Industry
SBA-Secured Loans

How do you get financing for a small business?

Originally Answered: What is the best way to finance a small business?

Please let me the location i.e., state country.as the Govt.Policy, Rules change

At the same time, Investors have their own checklist for Which differ from Manufacturers to Service Providers as well Promoter's Knowledge and Experience ROI for First Five Years.

Promoters can they collect working capital for First 3 Years apart from Fixed Assets With necessary manpower is analysed thoroughly.After giving necessary collateral security further funding is possible.

Eligibility and availability and Integrity of Promoters is key to finance.

If you want to finance your small business fast Gmail me I will send you a info: pasaiokargbo@gmailcom.

356357358
Job Applications
Salary and Pay Rates
Small Business Loans
Business Accounting and Bookkeeping

What does CTC or 'Cost to Company' mean?

Cost-to-CompanyCost to Company (CTC) is a term used to describe an investment without return. Travel expenditures, interviewing, spending time with potential customers can all be interpreted as CTC's.

Cost to Company can also be used to refer to the total cost that an organization is spending towards their employee including the Salary, Perks, Cost related to benefits, Cost related to hiring, Training, Retirals, Statutory Contributions etc.

Here is more input:

  • Cost to Company is a buzz word to describe how the company can slowly pay you less and less, and remove all your benefits, until you are "self funded" - in other words you pay for all your "benefits" yourself, while the company receives the tax benefits for these payments. This improves their profit ratio, and if this system is extrapolated, you will eventually pay the company to work there. So you'll need a second job to fund this. :-)
  • CTC - Cost to company is a trick of a company and HR department, to show we are paying a big salary, but unfortunatly it is just bubble. They overload total expences of human resources on salary, and show that they are paying this much salary to the staff. but actually they pay less and show more. For example....your salary is 6.00 Lacs p.a. Means ... you are getting 50,000/- per month. But actuly person gets only 25,000/- per month...all other money is deducted for facilities.. Means we are paying for getting facilities, but company shows they are giving us good facilities in the organization. In short, we pay from our salary for getting facilities, but company says they are giving good facilities to there staff. So you are paying for even unwanted facilities which you don't need. Before deciding CTC, ask for breakup of facilities.
277278279
Auto Loans and Financing
Repossession
Small Business Loans

Can you sell your own car to your own business?

Check out the tax laws. If you are a sole proprietor, you may be able to write off mileage, which would be the simple thing to do. If it were me, I would avoid the crossover of personal assets with business assets.

335336337
Auto Loans and Financing
Personal Finance
Loans
Banking
Small Business Loans
Money Management

What does the loan department do in a bank?

The Loans department of a bank does the following:

1. Process loan applications from customers

2. Finalize interest rates for loans

3. Approve/Reject & Disburse Loans

4. Monitor Status of Loans

5. Process repayments and identify troubled loans

6. Etc.

331332333
Personal Finance
Loans
Small Business Loans
Bangladesh
Money Management
Poverty

How do you get a Grameen Bank loan?

Grameen Bank makes microloans in areas of extremely low income to foster entrepreneurship and, most notably, to help people bring themselves out of poverty.

Grameen Bank considers groups of people with commercially viable skills (e.g., baker, carpenter, etc.) for loans and goes through a long process to determine (1) who gets the initial loan, (2) how much that loan will be, and (3) the follow-up lending opportunity.

The usual steps include the following:

* Contacting a Grameen Bank Branch and establishing the state of poverty in your hometown/village/etc

* Working with a Grameen Banker to better understand what your group wants to do and determine the commercial viability given market circumstances

* Go through a one-day course/seminar to better understand the 16 decisions and how those must factor into obtaining a successful loan

* Fill out application and take tests of knowledge

* One or more in your group may be awarded the first microloan and terms/conditions will be specific to the situation

* Demonstrate success with the loan by paying the loan off completely, providing the other members of the group with an opportunity to get a loan as well

301302303
Debt and Bankruptcy
Cars & Vehicles
Small Business Loans
Business and Industry

How much is 1 lakh is pounds?

Pounds stirling? Well 1 lakh is 100,000 rupees so at the current exchange rate (quite good at the moment £1=74rps) that is £1351.35. Hope this helps......

717273
Small Business and Entrepreneurship
Salary and Pay Rates
Small Business Loans

How much money does the average small business owner make a year?

The definition of small business man defers situation to situation. Real small business persons in general can be termed as small time vendors and hawkers. The income for these people will be on daily basis. Any disturbance in the market conditions will deny the livelihood of these persons.

Their investment will be very small in terms of money .

The smallest recognized business person will be the owner of a tuck shop or the small street shop owner in ones locality in the society.

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It's hard to tell. Every business has its ups-and-downs, and every business is different. Length of time operating, tax situation, debt and product costs all factor into this answer. Some make excellent money, others end up bankrupt. I suggest going to the census bureau and the SBA (Small Business Administration) and check up on the facts for yourself.

Depending on what he's owning like for example lets say he owns a Delli he or she shall make an average of about depending on the customers. So he'll make a profit of 50 Thousand.

The potential when being an entrepreneur is great and you can potentially make 400, 000 once you have established a business. Although when starting from scratch it is very difficult and time consuming to start a business and you may even be in debt the first few years paying it off but once that is done then you can start seeing some money going into your pockets. I would say starting your second or third year you can make 50 000-60 000 per annum.

With any small business ownership, there are too many vaiables to say what one would make in a year. Here are factors to consider:

1. Overhead associated with business operation *Operating out of one's home saves considerably. However, this does not work in all areas of business.

2. Do you have an idea so unique and compelling, that you could recruit investors?

3. Will you do all of the specialty work yourself like web design, advertising, distribution, etc? Having to hire out increases overhead greatly.

4. Will you be spending a lot in just initial supplies? No matter the business category, you will need to have book keeping and management supplies. Depending on the business, you will need items to operate the business.

The average small business operates at a loss for the first three years of its existence. When starting a small business, be prepared to operate in the red for at least that long.

$233,600.00

On October 7, 2008 during the second presidential debate against John McCain, Obama stated: "If you make less than a quarter of a million dollars a year, you will not see a single dime of your taxes go up. If you make $200,000 a year or less, your taxes will go down."

To answer your question - the average small business owner will NOT see an increase in their taxes.

Profit from a small business can vary greatly by industry or location. There are infinate factors that go into the amount of profit a small business earns. It is common for a small business to run a profit loss during the first few years of operation. The short answer is that small businesses are unlimited in their ability to earn profit.

Well it all depends, I have been consulting one web publishing company in USA, they had 4 websites, each website was making $80,000 to 120,000 per/month.

And it was only 5 years they were in this business.

the growth was really amazing, as i said it all depends on

  • type of business
  • the money invested
  • competition in the market
  • demand and supply

I hope that helps

291292293
Banking
Small Business Loans

Disadvantages of bank overdraft?

Some of the disadvantages of a bank overdraft facility are:

  1. you keep spending money even when you don't have enough cash to meet your spending
  2. you pay an interest on the money you utilize as part of the overdraft
283284285
Personal Finance
Loans
Small Business Loans
Money Management

How do you apply for a fmha loan?

I currently work for the West Virginia Department of Education, I'm married, and I have no children. Am I eligible to apply for this? safarmer920@yahoo.com

283284285
Home Equity and Refinancing
Home Buying
Small Business Loans

Where can you get a co-op equity line of credit?

* Before applying for a home equity loan, check with each lender to find out what their Loan To Value Ratio (LTVR) is, depending upon how much equity you have in your co-op this will have a big impact on what you can qualify for.

279280281
Small Business Loans
Personal and Payday Loans

Is American united lending group a scam?

i have been trying to get a loan for the last month.they keep coming up with reasons that i have to give them money to get money

261262263
Banking
Small Business Loans

Can you claim bank overdraft fees on your taxes?

yes

271272273
Small Business and Entrepreneurship
Small Business Loans
Business Plans
Business and Industry
Business Networking

How do you get a Government grant for a small business?

I need a small loan

249250251
Small Business and Entrepreneurship
Small Business Loans
Business Plans

What do you need to consider when starting your own business?

Owning your own businessEverything in this answer is accurate to some extent but, the first thing you need to do to someday own your own business is: decide the day on which you are going to own your own business. Once you make the decision, commit to a course of action and you will own your own business.

Unless you make the decision, none of the things mentioned below will make you a business owner.

Get a general business degree.

Make passable grades.

If your university has a "entrepreneur track", or small business-related courses, take them.

Go to work for someone else in the field you want to eventually go into. You may like it. On the other hand, it may not be all that it's cracked up to be. Work 2 or 3 years at least in the field.

Get a mentor. Preferably someone who has done the small business startup thing before.

Hang out your shingle before quitting your present job, if possible. Or be prepared to work another unrelated job while you're getting started.

After startup, join the chamber of commerce or another networking group.

Read Guerrilla marketing or another sales book geared toward making sales on a shoestring. Without sales, you WILL fall flat.

More input from Wiki s Contributors:

  • Time and a lot of patient
  • You don't need a degree to start a business. You do need to learn about marketing, business math, etc...
  • Do research in the industry you want to be in and make sure there's a big enough market for you to make money in.
  • You could join a network marketing company, heaven-knows there's enough of them out there! But you still want to do the research anyway just to make sure you're going in the right direction.
  • For more info, try the SBA (Small Business Administration). They have classes, mentoring (via SCORE) etc.. Good luck:-)
  • As a business owner, I get asked this a lot from people. I recommend several years of work experience in the business you want to open. Follow this with at least 1-2 years of management experience actually doing everything you would do as if you were the owner. While this is going on you want to enroll in the local community college and take 5-10 courses related to business. Then get a business license from your local town, and a tax number from the state. After that you are only required to pay your taxes and renew your license.

Things to consider:

  • Determine if a business idea is feasible
  • Determine for a type of business that adequate demand exists for a product/service.
  • Conduct Market Research and analysis
  • Start-up costs or requirements
  • Licenses, Permits, Insurance and Taxes
  • Legal Form of Ownership for Your Business
  • Small Business Financing
  • Qualify for a Business Loan
  • Develop and Write a Business Plan
  • Hiring Employees
  • Marketing for Small Businesses
  • Maximizing Profits and Managing Cash Flow
  • Understanding Financial Statements

There are various government agencies that can help you set up your own business and may also give you financial help!

* Are you willing to work an 80 hour week for the first two years without a single day of vacation or holiday or sick leave?

* Are you willing to risk the loss of your life's savings and to incur a sizable debt at the same time?

* Are you willing to be on call every time you are trying to catch some sleep?

* Are you willing to place your personal and family life and your health in jeopardy to do this?

* If every answer is yes, think again.

254255256
Consumer Electronics
Home Electricity
Small Business Loans

What is the advantage of EMI?

THERE IS NO ADVANTAGE JUST UNWANTED INTERFERENCE

249250251
Banking
Small Business Loans

What is a bank overdraft?

A bank overdraft is when someone is able to spend more than what is actually in their bank account. Obviously the money doesn't belong to them but belongs to the bank so this money will need to be paid back; normally automatically done when money goes into the persons account. The overdraft will be limited.

A bank overdraft is also a type of loan as the money is technically borrowed.

161162163
Mortgages
Home Equity and Refinancing
Small Business Loans

What is home income cash system?

Home Income Cash System is essentially a scam. At the very least it uses deceptive practices to lure desperate or greedy people into signing up with their credit card.

121122123
Small Business Loans
Personal and Payday Loans
Flexible Spending Accounts

When is a good time to start applying for financial aid?

No matter whether it is holiday or simple working day, whether you are woman or man you need to track your finances. It is vital in order not to get into deep challenges. It is very important to be attentive to the credit score and to regularly check the report. It is really easy to take a report from the credit bureau. And if you need cash it is better to shop around for <a href="http://personalmoneyservice.com/">best personal loan rates</a>.

229230231
Accepting Credit Cards
Credit and Debit Cards
Small Business Loans
Credit

What is meant by NCL in credit card business?

Net Credit Loss

219220221
Loans
Mortgages
Small Business Loans
Money Management

What is unpaid mortgages?

An Unpaid mortgage is a mortgage that has not been paid

217218219
Small Business Loans
Business Plans
Risk Management

What are the three basic categories of control in risk management?

awareness, educational, avoidance awareness, educational, avoidance awareness, educational, avoidance awareness, educational, avoidance awareness, educational, avoidance awareness, educational, avoidance awareness, educational, avoidance awareness, educational, avoidance

456
Business & Finance
Small Business Loans
Yahoo
Business and Industry
How To

How to establish a wholesale account if you are a new business?

First, be a legal business. Get licensed in your state, have a Federal Tax Number (EIN), most legitimate wholesalers won't touch an unlicensed business. Those that will are usually middlemen and you're not paying true wholesale through them.

Second, act like a professional and write a letter of inquiry introducing your company, asking for an application to become a dealer or open an account. Check if they have a website, look for dealer or account requirements. See if they have a minimum order size (most will), terms, shipping and pickup. A personal visit is great if you are new - sell yourself to them and your vision and enthusiasm for your business.

If you have done your due diligence, started legally, and have a solid business plan some wholesalers will become allies and help you get going in earnest. Just don't expect them to extend credit immediately or sell to you on consignment, but most will open a COD account and assign you an account manager who can become a valuable business asset. Remember, they want you to succeed but it's your job to convince them they won't be wasting their time and money on a quick burnout.

199200201
Home Equity and Refinancing
Small Business Loans

What should you know and ask when refinancing with banks?

When refinancing with a lender whether or not you use a mortgage broker, you should have all information about the proposed loan disclosed to you in writing in advance of signing or paying for anything. Compare apples to apples by comparing loans with the same term, and amount. Look at the interest rate, whether or not there is a penalty if you prepay, and be sure that your are comparing a fixed interest against a fixed interest rate, or an adjustable rate to an adjustable rate mortgage. Do not confuse the two and become educate before you sign, not when it time to make a payment! Its pretty much like buying a car, in that you can almost always make a better deal once you understand the process and find the least greedy sales person.

AnswerOk so I have some lenders I work with who are banks with names you would recognize and then I have a group of lenders we call "SubPrime" and Alt-A.

Here is the inside "skinny" Bank Lenders are usually A paper (not Alt-A) lenders. You usually have to have a loan that is fully documented( all your income, verify everything, bank statements most like not go outside the lines or have anything unusual with your loan Most will not consider your loan if your FICO score is under 640 or you have a debt to income ratio that is over 50% (I am being generiuos with this ) Mortgage Brokers are a better bet because they shop your loan and get your the best rate. Brokers have access to banks you will have access to your have ever heard of so sometimes this is a good way to go.

What to ask the Bank. What are your points, what is my rate/ , is it fixed ,interest only can i buy down the rate with points in the front is it Amorized I would like a Good Faith Estimate of my closing costs ...Good Luck Nora

185186187
Small Business Loans
Business Finance
Business Credit

How can you establish business credit without paying a company?

In order to help establish business credit without paying an outside company, it is important to get your company's D&B D-U-N-S® Number, which is accessible to all businesses for free, and tax identification number (EIN), which is issued by the IRS. Then, you should update your company's D&B® profile to reflect the most accurate business information, which you can do using Dun & Bradstreet Credibility Corp.'s free service, Company Update. Once your profile is up-to-date, another helpful tool is Dun & Bradstreet Credibility Corp's CreditSignal® product, which allows companies to get alerts about changes to the credit scores and ratings contained in their D&B business profile for free.

163164165
Business & Finance
Credit and Debit Cards
Small Business Loans
Importing and Exporting

What is export packing credit?

Export Packing Credit.

industry used term - EPC RATES

This is a fluctuating rates linked with LIBOR (London Inter Bank offered Rates)

In international trading, both the parties are not aware of each other, hence, they employ a world-renowned bank (globally) because they do not trust each other & deal through that bank instead.

Export Packing Credit are of 2 forms

1. Pre-shipment Credit (Packing Credit)

2. Post-Shipment Credit

These are available to the exporters, for financing purchase, processing, manufacturing or packing of goods prior to shipment.

This would mean any loan or advance extended to you by the bank on the basis of:

a) Letter of Credit opened in your favor or in favor of some other person, by an overseas buyer;

b) a confirmed and irrevocable order for the export of goods from India;

c) any other evidence of an order or export from India having been placed on the exporter or some other person, unless lodgement of export order or Letter of Credit with the bank has been waived.

Packing Credit is granted for a period depending upon the circumstances of the individual case, such as the time required for procuring, manufacturing or processing (where necessary) and shipping the relative goods. Packing credit is released in one lump sum or in stages, as per the requirement for executing the orders/LC.

The pre-shipment / packing credit granted has to be liquidated out of the proceeds of the bill dawn for the exported commodities, once the bill is purchased/discounted etc., thereby converting pre-shipment credit into post-shipment credit.

Post Shipment Packing Credit

It runs from the date of extending credit, after shipment of goods to the date of realization of export proceeds and includes any loan / advance granted on the security of any duty drawback allowed by the Govt. from time to time. Post-shipment credit has to be liquidated by the proceeds of export bills received from abroad in respect of goods exported.

The exporter has the following options at post-shipment stage:

i. To get export bills purchased /discounted / negotiated;

ii. To get advances against bills for collection;

iii. To receive advances against duty drawback receivable from Govt.

The exporter has the option to avail of pre-shipment and post-shipment credit either in rupee or in foreign currency. However, if the pre-shipment credit has been availed in foreign currency, the post-shipment credit has necessarily to be under EBR Scheme since foreign currency pre-shipment credit has to be liquidated in foreign currency. The details of pre-shipment and post-shipment credit in foreign currency are mentioned below.

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