Building Business Credit for Small Business
Not sure how to succeed with rewards-based crowdfunding?
Tired of hearing about all the thousands of people raising millions of dollars through crowdfunding and wondering how you can get in on it? 
While for some entrepreneurs crowdfunding can be a viable option, but you do need to do your due diligence so you can decide if this business funding strategy is best suited for your business.
Click to continue …
Thinking about taking money out of your 401(k) to start a business?
Becoming an investor and owner of a business does have many benefits but you should be very cautious about using your nest egg. More importantly there are significant legal steps you need to know so you don’t end up making costly mistakes. 
Pulling money out of your 401(k) isn’t simply a decision of writing yourself a check. Do this wrong and you risk paying a 10% penalty if you are under the age of 59 ½ plus incomes taxes anywhere from 35%+ depending on your current tax bracket.
Let’s put this in perspective.
If you pull out $100k out of your 401(k) it can cost you $31k of that money in penalties and income tax. So instead of $100k you now have only $69k to invest in your new business. Ouch! Not too worry, the good news is rather than losing thousands of dollars of your hard earned money there is a better way.
Click to continue …
I’m sure you’re seen all the headlines and news about loans getting easier to obtain, banks aren’t as tough or as picky as they used to be, small businesses are finding it easier to borrow from big banks, yada, yada , yada. 
But do you find yourself scratching your head and saying “Why can’t I get the funding I need for my business?”
Now don’t get me wrong this is all great news and the main reason for the increase in lending from big banks is that small businesses can show lenders that they have been experiencing several years of growing profits and cash flow since the end of the recession in 2009.
Click to continue …
Does your business need funding?
Are you having trouble deciding what type of financing your business may qualify for? 
Well, the good news is you’ve come to the right place for some answers. On the previous post I covered planning your business funding strategy by first doing a business credit analysis.
In this post, I’ll cover some of the more popular funding programs that are currently available. Now keep in mind, each type of funding program is designed to cater to a specific aspect of your business depending on a variety of factors.
Click to continue …
Are you a business owner who has the income and credit scores to qualify for a loan or line of credit but have a hard time documenting it?
The good news is there are unsecured business lines of credit that is specifically designed to address that very issue. 
I’m sure that we can agree conforming to traditional lending guidelines can be challenging and this type of line of credit for small business may be a great fit for you.
Now it’s important to note that just because only your credit is being reviewed without having to supply any documentation does not mean you can qualify for up to $200k in combined credit lines. Underwriters take various factors into consideration such as debt to credit ratios, current credit limits, number of trade lines, etc.
Click to continue …