Alternative Secured Loans For Businesses!
When you are looking for finance for a business project, resorting to secured loans is definitely the smartest way to go. And though you can always resort to regular secured loans based on real estate and equity, there are other alternative methods of securing a loan that are perfect for running businesses especially when the purpose is to solve a temporary lack of cash problem that may recur.
There are alternative secured loans for businesses that the financial industry has created keeping in mind the needs of the small business niche. These loans instead of using real estate to secure a business loan (which usually small businesses don’t have as they often rent their offices), just use certain assets that are within the reach of almost all small businesses.
Alternative Form Of Security
It is possible for businesses that work with credit cards to reach an agreement with certain payment processing institutions that are also financial institutions. These agreements consist on a loan that can be awarded to the businesses for which the institution acts as payment intermediary which is secured with the company’s future credit card sells.
Basically, the lender knows exactly what the company’s income flow is (at least the credit card part of it) and thus can easily provide financing knowing the business payment capacity. Moreover, the amount of the loan’s monthly installments is directly debited from the business’ account since the lender processes the company’s client payments too.
Advantages Of Using This Method Of Financing
This method of financing provides the necessary funds for any business expansion or growing plans without the hassles of applying for other forms of financing that require more bureaucratic paperwork and presenting backing up documentation in order to prove an acceptable income to afford the monthly payments.
These loans instead, are easy to qualify for because the lender already knows the account movements of the borrower and can be sure to be repaid because he just needs to retain a fraction of the funds that arrive with each client payment made using a credit card. Since the lender grants the money but at the same time processes the company client’s payments, it has nothing to worry about and thus can provide very advantageous terms on the loan.
Also, not using equity when you have this other alternative is a smart choice as it remains as an option whenever an emergency situation arises and you don’t have other sources of financing that can provide high loan amounts and affordable payments too. It’s a way for the borrower to be assured that if anything unexpected happens he will still be able to obtain further financing.
This collateral alternative is becoming increasingly popular as it provides fair amounts of money and competitive interest rates without much paperwork or long credit verification processes. Thus, whenever you need funds for your business and if your business has payments made by clients with the use of credit cards, you can check with the financial institution that provides the payment processor services whether they provide this kind of loans.
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Jessica Peterson writes finance articles for Yourloanservices.com where she shares her knowledge about how to get money for a starting-up business, consolidating any kind of debt, repairing a home even with a bad credit history and more.
Make HIGHER PROFITS with LESS EFFORT
Get Rich Quick Scams Revealed
Read this article before you consider paying for a "get rich quick" program.
1. From: http://swasdm.nalroo.hop.clickbank.net
Everybody would love to make lots of money quickly, working from home, and only doing a few hours of work per week. I've spent the past two years trying to find a great way of doing this. Only over the course of the past few months have I found any "get rich quick" programs worth buying. I've been trying to make money online for a long time. I had a few small websites, but they never made much more than a few hundred per month. It was easy money and didn't require much work on my part, but I knew there were people out there doing better than I was and I knew I could do as well as them.
Now, I've seen a lot of "get rich quick" programs. Most of these people make claims about earning $2000/day with Google or something similarly insane. Almost all of these people are complete liars. Even if they were making $2000/day with Google AdSense, it'd be because they had high- traffic websites with a lot of quality content. I'd know, because in one whole month, I never even made half of what they promised I'd make daily with their programs. Maybe you've already been scammed by one of these fraudsters. Anyway, I finally got sick of what was being offered.
I decided I'd look through the all of the "get rich quick" programs I could find and see if there were any that were actually legitimate. I found that there were owners selling their programs for well over $100, but the information in them could be found almost anywhere online for free. Additionally, they all contained out-of-date information, had no e-mail support, no money back guarantees, and broken links in the downloads section.
In conclusion, almost all of the programs I found were completely useless. The owners knew it, but they couldn't care less about their customers since they didn't offer refund policies! Amazingly, while looking through all of the programs, I actually did find a few legitimate programs. They were run by ordinary people like you and me, and they had found some great methods of making money from their home by doing very little work.
I spent some time working with those programs, and my income is now ten times what it used to be. These programs provided a large amount of great information on how to make extra money on your computer doing very little work. Numerous customers had provided great feedback and reviews for their products. Many of them have started to make money just days after buying!
Their programs have excellent prices, and the authors have a group of paid staff who are dedicating to helping you or providing assistance if you need any. I must say I was amazed! If you do decide to purchase any of the programs listed below, I recommend you join quickly. Most of the owners tell me they are getting an overwhelming number of sales and plan on raising prices in the near future, so order while prices are still low!
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The Five Stages of Change for Small Business Owners
Change is a tricky thing. If you are someone contemplating the changes that will occur by becoming a successful small business owner, it will be helpful for you to have a bird's eye view of where you are along the continuum.
To that end, Dr. James Prochaska and Carlo DiClemente developed a Transtheoretical Model of Change in 1982 that has been applied to everything from weight loss to drug addiction with great success and acclaim. Though their model has never before been applied to those considering starting up a successful small business, it is a very relevant model that will help take the pressure off individuals thinking they should be further along than where they are, and provide a compassionate understanding of where each person is along the scale.
Three Great Things about The Stages of Change
Prochaska and DiClemente's Transtheoretical Model of Change identifies five stages of change: precontemplation, contemplation, preparation, action, and maintenance.
The Precontemplation Stage (Not Currently Considering Change)
This stage could really be called "the precursor-to-change" stage. This is the stage when individuals may not even be thinking about becoming small business owners. In fact, in this stage, they may not even be aware that it would be beneficial for them to make a change, though other individuals around them may be thinking that they should. This stage's motto is: Ignorance is bliss.
How to know if you are in The Precontemplation Stage:
1.You're not really thinking about starting up a small business.
2.You are basically okay with how things are.
3.Others may be voicing their concerns about the hours you are keeping, the stress you seem to be under, or how much you need to take a vacation.
Those in this stage do not intend to take action within the next 6 months.
The Contemplation Stage (Thinking about Change and Researching Options)
In the Contemplation Stage, individuals are aware that a change is needed and they actually desire to make a change. Although they are seriously thinking about change, they have no clear plan of action because they are feeling ambivalent about change. This stage's motto is: Just sitting on the fence waiting to see what will come along.
How to know if you are in The Contemplation Stage:
1. You find yourself doing on-line research, and thinking about what it would be like to be a small business owner.
2. You seek out the perspective of others who have "been there, done that."
3. You find yourself attracted to journal articles about entrepreneurship and small business ownership.
Those in this stage are considering taking action within the next 6 months.
The Preparation Stage (Ready for Change and Making Plans)
This stage of change is readily apparent by the amount of activity, decisions, and overt action that is taking place in preparation for a small business start up. This is a time of planning how and when the start up process will begin. This stage's motto is: I think I can, I think I can, I think I can.
How to know if you are in The Preparation Stage:
1. Your small business start up coach has become your best friend.
2. Your white board is getting a daily workout as you look at every aspect of small business ownership.
3. You are regularly experiencing both excitement and fear.
Individuals in this stage are intending to take action within the next month.
The Action Stage (Making Change and Taking Charge)
This stage is characterized by a considerable amount of steady, forward movement. All the necessary paper work is filled out, business checking accounts opened, company name registered, business cards selected, web site developed, and strategic action plans mapped out. The motto for this stage is: Carpe Deum.
How to know if you are in The Action Stage:
1. You are in full-out action mode.
2. You're spending most of your day focused on your new small business, and loving it.
3. You are committed to seeing your actions through.
Individuals in this stage are taking action.
The Maintenance Stage (Continuing Forward Movement toward Goal)
By this stage, individuals are firmly ensconced in the forward movement and momentum of launching their new small business. Continued commitment to sustaining the forward movement of their small business success is the goal of this stage. The motto of this stage is: Westward, ho!
How to know if you are in The Maintenance Stage:
1. Your business is running smoothly.
2. You have begun cycling back through the stages of change to further develop and expand the growth of your small business.
3. You are actively looking for new opportunities for change and growth.
Individuals in this stage are continuing momentum.
In Praise of Prochaska and DiClemente's Transtheoretical Model of Change
As has been demonstrated, Prochaska and DiClemente's Transtheoretical Model can be easily adapted to the stages of change that occur in small business start ups. Individuals considering whether or not they are ready to become small business owners need no longer be left with the question of "if." Rather, they can easily find a clear answer to where they are along the change continuum. As a result, they themselves become powerful and effective agents for change. What's more, they learn that change, while life-altering, can be life-affirming and life-enhancing.
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Small Business Start Up Coach provides value, inspiration and direction to entrepreneurial women starting up and launching small businesses. Accidental Pren-her� providing a place for pren-hers to share stories, build community, and embrace their inner Samurai. Welcome!
