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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.

2,351 Questions

Is the DUNS number the same as a Tax ID number?

No. A D&B D-U-N-S® Number is a 9-digit company identification number issued by Dun & Bradstreet, and an EIN number is a company's tax identification number issued by the IRS. Both are often required on business loan applications and to apply for government contracting jobs.

Where can you get mortgages?

It depends what are you looking for, but these days many people are looking on the internet for loans.

Make sure you qualify before callinf companies and make sure that the mortgage lenders you will work with on your home mortgage will deliver good mortgage program and good interest rate.

Read more about it in the link below.

Can you set up a business to separate personal credit from business credit in case of filing bankruptcy with your company?

You should consult a lawyer first.

One of the benefits of setting up a corporation is expressly that: it allows you (in theory) to separate your personal and business finances. However, this may not always protect you if your business goes bankrupt; in some cases creditors are allowed to reach your personal finances anyway.

Setting up a corporation when the business is already at the point of bankruptcy may be viewed as an attempt at fraud... which is why you should talk to a lawyer first; any inclination the court may have had to treat you leniently is going to be wiped out by any hint of fraudulent intent.

How is opening letter of credit different from establishing letter of credit?

Both has same meaning,

opening letter of credit

establishing letter of credit

once letter of credit is opened, credit is established.

How do you prepare school project?

you have to study it and take some time out of your schedule to work on it and make sure you know what you have to do :)

What we can do to improve small businesses?

The best improvement small businesses can do is take some small business seminar classes to help them grow. Most cities offers training classes such as business plan writing or how-to market your business. Check with the (SBDC) Small Business Development Center in your city or county. Score consultants can help small businesses improve. Score is a group of retired executive that gives free advise through local chambers of commerce or the SBA offices in your district.

What is one way the media have changed over the past 100 years?

today, the internet is often used to reach readers and viewers

Home much does an outside sales rep make at Home Depot?

Straight commision!!! You are responsible for your leads. I have been here for two months and made a total of $40 on commision...they pay minimum wage for training in the first six weeks. All their salesmen are starving, no matter what they tell you. It really, really sucks.

ADDED by another member:I had to work there a year and couldn't quit as my wife got laid off and we needed the health insurance to cover her existing conditions. I made less than 10K/year after you factor in having to pay all your own expenses. 7 day a week job and 9-10 hours a day. I was micro managed to the extreme they treated everyone like adolescences, low pay, long hours and few if any nights or weekends off, all this combined of course resulted in extreme turnover.

How long is annum?

Annum is a year. Per annum = each year

What is the Difference between bank overdraft and clean overdraft?

OVERDRAFT CLEAN OVERDRAFT


1. Overdraft may be secured or 1. Clean overdraft is always

unsecured. unsecured.


2. Generally ,continues for longer 2. Generally granted for short

periods by annual renewal of limits. periods but not continued for

long periods.

3. Generally overdraft facility is entertained 3. Request for clean advances

to any of the current account holders are entertained only to parties

if required depending upon certain who are financially sound and

factors like repayment capability/credit reputed for their integrity.

worthiness etc,


4. Securities may be shares ,govt securities 4. The bank has to rely upon the

etc, personal security of borrowers

What does a liquor license cost in Texas?

Liquor License in Texas is called TABC Certification. TABC means Texas Alcoholic Beverage Commission. A lot of websites offer $13.95 for the certification but Learn2Serve offers $11.99.

Is it easy to get a small business loan?

The process can vary greatly depending on where you get the loan. If it is through a bank or the SBA the process can be slow and require a fair amount of work. This is rewarded by low rates however. If you go through a lending company the process can be much faster and easier, but it will cost a little bit more in the long run.

What is clarity in business letter?

Clarity in a business letter is being able to communicate your intentions and convey the message in a precise manner. This is one of the essential features of a business letter.