Financial News Today

Creative Ways of getting Funding When Your Bank Denies You a Loan

When a bank denies you a business loan, there are many other creative ways to get the financing you need rather than sit down and cry over spilled milk. Why worry when there are several nontraditional funding methods available for you.

Here’s a guide to help you compare the small-business loan alternatives you have:

Receivables based funding tied to cash flow

There are several revenue-based forms for financing you can use to expand your startup. Such lenders are interested in three primary factors; the profitability of a business, its assets, and the owner’s personal assets. These assets are used as collateral to secure the loan. In case you fail to repay the loan, your lender can sell the assets to recover the losses.

Such types of merchant loans have a repayment plan that fluctuates based on your monthly receivables until the whole amount is settled. They are typically structured for repayment over a 5-year span but can be settled much faster if the company experiences faster growth.

So in a month where revenue is low, you repay less, and in high-sales months you pay back more. This way you can easily manage your cash flow.

Credit card offers

Such offers are meant to support small businesses that won’t access traditional funding because they haven’t been around for long.

You can get this type of funding even without collateral. Only, you’ll find it in the form a 9-month zero-interest business credit card; meaning you have a whole nine months of interest-free credit, so you have ample time to work on establishing your credit history.

Again, in this case, a lender will check your personal credit score rather than your business’ credit.

However, this strategy also comes with a range of risks. For one, failing to reach the minimum payments per month …

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Business

Choose The Best Printer For Small Business Venture

With all of the many choices in printers that are available these days, it can seem overwhelming when trying to choose the best one for your small business.  In order to find the best and most affordable printers Dallas TX has to offer, it is very important to do research ahead of time to narrow down your choices and select the printer that best fits the needs of your business.  The following are some useful tips to help you do just that.

Laser or Ink Jet

Toner is used by a laser printer instead of ink.  These days they are quite affordable.  Most businesses will be better off getting a laser printer instead of an inkjet printer.  Laser printers provide better printer speeds and toner doesn’t need to be replaced as frequently as inkjets. However, if you are planning on printing on specialty paper, like photo paper, then an inkjet printer with colored ink is probably the better choice.

It is important to compare printing costs per page in order to determine which is the most affordable printer.  A printer might have a low purchase price but over the long term could actually end up being more expensive due to high ink or toner costs. To determine the cost per page, divide how many pages the inkjet or toner is supposed to last for by the price of the inkjet or toner. Then multiply that by 100 to get the figure in cents per page.  So if a toner costs $90 and lasts for 5,000 pages, then the cost per page is 1.8 cents. (90/5000= .018 x 100 = 1.8).

Dedicated Or All-In-One Printer

Along with printing, all-in-one printers fax, copy and scan as well.  Those functions might come in handy for small businesses even if you don’t use them …

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Business Today

Make Your Business Bigger And Better With These Suggestions And Strategies

No matter how successful a business owner’s company becomes, the corporate leader will typically start thinking about how to make the organization bigger and better at some point. When this time comes for you, it’s important to have a set of strategies on hand to ensure that you can begin seeing substantive results. Below you’ll find several suggestions and strategies that could work wonders for you :

1. Tap Into The Efficacy Of Meditation

If you’re serious about making your business bigger and better this year, it’s important to focus on becoming the best and brightest entity you can possibly be. Doing so will help you do your work in a more productive and positive way which optimizes results while ensuring that you maintain the type of open, happy disposition that makes prospective clients and employees want to be around you. One of the best ways to become a better and brighter person is by tapping into the efficacy of meditation. Doing so will help you think more clearly while also empowering you to stay present in the moment rather than finding that your mind is continually wandering off when you’re trying to get things done.

  1. Do Internet Research Before Buying Products And Services.

In addition to accessing the efficacy of meditation, make sure that you do internet research before buying products and services. Doing so will empower you to ensure that you’re purchasing the company’s goods from a reputable organization that is known for consistently providing clients with high quality products and services. In the event that you’re in need of an endoscope repair technician, you can do research on the Benjamin Biomedical website to determine whether this is the right company to make the purchase from.

  1. Focus On Helping Your Employees Grow.

One final business-building technique that …

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