How to Get Financing For Your Small Business In today's hostile economic environment, access to capital is a key factor that distinguishes companies that can grow and gain market share from businesses that experience significant declines in revenue. The reason is because many small companies have seen their sales and cash flow decline significantly, so many companies close their doors, while many large US companies can increase sales, open new retail operations and increase earnings per share. because small companies always rely on traditional commercial bank financing such as SBA loans and unsecured credit, while large public companies have access to public markets such as the stock market or bond market to access capital. Prior to the 2008 financial crisis and the ensuing Great Depression, many of America's largest commercial banks had simplified fiscal policies and openly lent to small businesses with good credit rating and industry experience. The vast majority of these business loans consist of unsecured credit loans and unsecured installment loans. Often these loans are fully supported by the personal guarantee of the employer. This is why a good personal loan is needed to get an approved business loan. During this period, thousands of small business owners used business and credit loans to access the capital they needed to finance their working capital needs, which included salary costs, equipment purchases, maintenance, repairs, marketing, tax liabilities and opportunities. connection. Easy access to these capital resources allows many small businesses to grow and manage their cash flow needs as they emerge. However, many business owners become overly optimistic, with many setting strong growth forecasts and increasingly risky bets. As a result, many ambitious business owners begin to expand their business operations and take out large loans from small business loans and credit to look forward to the opportunity to pay off heavy debt burdens through future growth and increased profits. As long as banks adhere to the "easy money" policy, the value of assets continues to increase, consumers continue to spend, and business owners continue to increase by increasing leverage. But in the end this party will end abruptly. As the 2008 financial crisis began with the sudden collapse of Lehman Brothers, one of the oldest and most well-known banking institutions on Wall Street, financial panic and epidemics spread through the credit market. Subsequent credit market freezing caused the US financial system to stall. Banks stopped lending yesterday and suddenly ran out of easy cash, which pushed the value of assets, especially house prices, to rise in recent years, which has now led to a sharp decline in the value of similar assets. When the value of an asset increases sharply, the balance sheets of commercial banks decline and stock prices fall. Gone are the days when you could easily make money. The party is officially over. After the financial crisis, the global economic crisis led to a gap in the capital market. The same commercial bank that lends money freely and easily to small traders and small business owners now has no capital on their balance sheet. Banks threaten their very existence. Almost immediately, many commercial banks blocked further access to corporate credit lines and asked about outstanding business credit balances. Small businesses that rely on these working capital credit limits can no longer meet their cash flow and debt needs. Many small businesses are unable to cope with sudden and dramatic declines in sales and profits. Because many of these small businesses create millions of jobs, the unemployment rate rises each time one of these businesses collapses. As the financial crisis intensifies, commercial banks are moving towards a starting point that ultimately threatens the collapse of the entire financial system. Congress and the Federal Reserve are leading taxpayers to fund the entire banking system, but the damage has already occurred. Tens of billions of dollars are being put into the banking system to balance inefficient institutions. However, in the process, there is no provision for these banks to lend money to consumers or private companies. Rather than using a fraction of this tax to support small businesses and prevent unnecessary business disruptions and increased unemployment, commercial banks continue to deny access to thousands of small business and small business owners. Even after receiving savings accounts funded by past taxpayers, commercial banks take the "for everyone" attitude and continue to limit access to credit and credit limits, regardless of credit ratings or timely payments. Small business bankruptcy is on the rise, and the unemployment rate is still high. At the same time, the lack of capital generated by commercial banks means that SMEs do not exist, so that large public companies can survive and grow their businesses. Most importantly, they can increase their shares by issuing debt through the bond market or by issuing shares through the stock market. Thousands of small businesses have been taken over by banks that have closed existing commercial credit lines and refused to provide new small business loans, while large companies have raised hundreds of millions of dollars in new capital. Even in mid-2012, four years after the outbreak of the financial crisis, most SMEs were unable to access capital. Commercial banks continue to encourage unsecured loans to almost all small businesses. To get the slightest chance of getting a deal for a small business loan or corporate loan, the small business must have some type of collateral that the bank can easily sell for the same amount as a corporate loan or corporate loan. Small collateral businesses, even through the SBA, have few options for obtaining loan approvals without important collateral such as equipment or inventory. When a small business cannot provide collateral for a small business loan, a commercial bank will ask the small business owner to get a loan with their own assets or personal assets such as home ownership or cash. Check, savings or retirement accounts such as a 401k or IRA. The latter situation jeopardizes the owner's personal wealth in the event of a small business failure. Additionally, almost all small business loans require not only personal credit and a good FICO score, but also personal guarantees. Finally, financial reports for years, including corporate tax returns, have demonstrated the need for sustainable profitability in nearly all small business loan applications. A failure or lack of ability to provide any of these stringent requirements will often result in an immediate denial in the application for almost all small business loans or commercial lines of credit. In many instances, denials for business loans are being issued to applicants which have provided each of these requirements. Therefore, being able to qualify with good personal credit, collateral, and strong financial statements and tax returns still does not guarantee approval of a business loan request in the post financial crisis economic climate. Access to capital for small businesses and small business owners is more difficult than ever. As a result of this persistent capital vacuum, small businesses and small business owners have begun to seek out alternative sources of business capital and business loans. Many small business owners seeking cash flow for existing business operations or funds to finance expansion have discovered alternative business financing through the use of merchant credit card cash advance loans and small business installment loans offered by private investors. These merchant cash advance loans offer significant advantages to small businesses and small business owners when compared to traditional commercial bank loans. Merchant cash advance loans, sometimes referred to as factoring loans, are based on the amount of average credit card volume a merchant or retail outlet, processes over a three to six month period. Any merchant or retail operator that accepts credit cards as payment from customers, including Visa, MasterCard, American Express, or Discover, is virtually guaranteed an approval for a merchant credit card advance. The total amount of cash advance that a merchant qualifies for is determined by this three to six month average and the funds are generally deposited in the business checking account of the small business within a seven to ten day period from the time of approval. A fixed amount is set aside for the return and the advance plus interest is determined when the advance is approved by the lender. For example, if a retailer or retailer processes their customers' credit cards every day, the average total monthly credit card is $ 30,000. If the buyer is up for a $ 30,000 advance and the factor level is 1.20, the total return is $ 30,000 - plus 20% off the $ 30,000, that $ 6,000 - for a full refund of $ 36,000. Therefore, the trader will have a deposit of $ 30,000 in the current trading account, and a total of $ 36,000 will be returned. Returns are made by a specified deduction from the prospective merchant's daily credit card sales - typically at a rate of 20% of all processed daily credit cards. Therefore, the merchant does not need to write checks or send money. The fixed rate is easily deducted from the sale of future credit until a total of $ 36,000 is repaid. The advantage of this type of financing from a commercial bank loan is that the financial progress of the trader is not reflected in the personal credit report of the business owner. This effectively separates the personal economy of the small business owner from the small business finance. The second advantage of commercial credit card enhancements is that the approval does not require a personal guarantee from the business owner. If the company is unable to repay the loan in full, the business owner will not be liable personally and may not be required to provide a personal guarantee as a guarantee of business development. Owners of financial transactions related to commercial debt of banking companies that require a personal guarantee, cancel and business owners are always forced to go into personal bankruptcy if their business fails and the balance of the remaining debt is not repaid. A unique third feature is that prepaid credit card sellers do not need collateral as an additional guarantee on the credit. The following credit card lenders lose money, so there is no extra guarantee. This type of financing is another exciting option for buyers because most small businesses do not have a tangible vehicle other than the traditional promise of traditional bank loans. Thousands of online stores are looking to reach the capital. These companies as creditors do not have much support and are automatically rejected by ordinary loans. Finally, credit card prepayment approval does not rely on strong or absolute personal debt from the employer. In fact, the employer's debt can be terrible and the FICO score can be low, which does not prevent the company from accepting payments. Employer credit is usually checked only for the purpose of determining the share rate to pay off the value of a loan. However, even business owners who have just experienced personal losses can qualify for a credit card guaranteed loan. Loans for the development of merchant credit cards are provided by a network of retail investors, so these lenders are not dominated by new capital requirements that limit the industry. Commercial bank. Pre-approval of the seller is defined by the underwriting guidelines developed by the private sector lenders of the network. Each loan application will be reviewed and followed up on a case-by-case basis, and approval will be issued within 24-48 hours of receiving the complete application, including 3-6 months. Previous debt report. Credit card seller.

Amazing Chocolate Chip Cookies and Milk Cake

It isn't hard to guess the inspiration for this cake! One of the best and simplest pleasures in life is dunking chocolate chip cookies in milk and eating them one after another. I love the combination so much; I just had to celebrate those flavors in a party cake.

This cake is made of three 9-inch white butter cake layers that are absolutely chock-full of mini chocolate chips. It is filled with fluffy chocolate chip cookie dough frosting and the entire cake is iced with boiled milk frosting. A handful of regular-sized chocolate chips are all lined up on the outside for an eye-catching, dotty appearance - it's some of the easiest cake decorating I've ever done!

The white butter cake recipe makes a thick batter in order to suspend all those mini chips throughout the baked cake. Be sure to use cake flour (well sifted) for this recipe. Regular all-purpose flour could yield a dense undesirable result. The cake layers are sturdy, yet cottony in the centers. I wouldn't hesitate for one second to make this chippy cake into a many-tiered wedding cake.

I'd never made chocolate chip cookie dough frosting before, and now that I have I'm hooked! It's basically eggless chocolate chip cookie dough that has been thinned with heavy cream. This recipe uses flour as an ingredient. If you're concerned about consuming the ingredient raw, toast it in the oven on a baking sheet at 350°F for 4 to 5 minutes before using.

The boiled milk frosting definitely gives this cake a creamy - dare I say 'wholesome' - milk custard flavor. I find it easiest to make this frosting on a standing mixer. I've made it using a hand mixer before, and in my experience it takes about 5 to 7 minutes for the sugar to dissolve evenly. That may not seem like a long time, but when your arm is craned over a large mixing bowl it can become uncomfortable rather quickly.

This party-ready cake will serve up to 20 people. Because of its richness and texture, I prefer to serve it in 1/2 to 3/4-inch slices. It freezes well if wrapped properly and stored in freezer bags.


You’ll Need:

Cake layers:

  • 6 cups cake flour, sifted
  • 5 teaspoons baking powder
  • 1 teaspoon salt
  • 1 cup unsalted butter, at room temperature
  • 1/2 cup vegetable oil (I like peanut oil)
  • 2 1/4 cups granulated sugar
  • 8 egg whites, at room temperature
  • 1 1/2 cups buttermilk
  • 12 ounces mini chocolate chips

Chocolate chip cookie dough filling:

  • 1 1/2 cups light brown sugar
  • 1 cup butter
  • 2 teaspoons vanilla extract
  • 2 1/2 cups flour
  • 1 teaspoon salt
  • 1/2 cup heavy cream
  • 1 cup mini chips

Boiled milk frosting and chips d├ęcor:

  • 1/4 cup flour
  • 1 teaspoon salt
  • 2 cups whole milk
  • 2 cups/1 lb unsalted butter, softened
  • 2 cups caster sugar
  • 1 tablespoon vanilla bean paste or vanilla extract
  • 1/2 cup regular sized semisweet chocolate chips
  • 1/4 cup mini semisweet chocolate chips

Optional Sweet Cream Syrup:

  • 1/2 cup granulated sugar
  • 1 cup heavy whipping cream
  • 1 teaspoon vanilla


Instructions:


  1. Make the cake layers: Preheat the oven to 325°F.
  2. Coat three 9-inch baking pans with vegetable shortening or flour-based baking spray (I like Baker’s Joy) and line the bottoms of the pans with parchment paper.
  3. Mix the flour, baking powder and salt in a large bowl.
  4. Beat the butter, oil and granulated sugar together in a separate large bowl until light and fluffy. Add egg whites one at a time, beating well after each addition.
  5. Beat in the flour and buttermilk alternately with the mixer on low speed; begin and end with the flour. Scrape down the bowl as needed. Gently fold in the mini chocolate chips.
  6. Divide the batter evenly between the prepared pans. Bake for 35 to 40 minutes, or until the cakes spring back when pressed in the centers. Allow the cakes to cool in the pans for 10 minutes, and then turn out onto wire cooling racks to cool completely. Level the tops of the cooled cakes with a large serrated knife or a cake leveler.
  7. Optional: Make the sweet cream syrup. In a saucepan combine the sugar and cream. Cook over medium heat until the mixture is steaming but not boiling and the sugar is melted. Remove from the heat and let cool. Add the vanilla. Use this syrup to brush the cake layers for extra moisture.
  8. Make the filling: Beat the brown sugar and butter together in a bowl with an electric mixer until fluffy. Beat in the vanilla extract. Add the flour and salt and mix until combined. Add cream a little at a time until the mixture is spreading consistency (you may not have to use all of the cream). Fold in chocolate chips. Place a cake layer on a serving plate or cake stand. Cover the layer with half of the cookie dough frosting and top with a second cake layer. Cover the second layer with the remaining frosting. Place the remaining cake layer on top.
  9. Make the frosting: In a medium saucepan, whisk together flour and 1/2 cup of milk until smooth. Set over medium-high heat and let cook for 3 minutes, or until slightly hot. Whisk in remaining milk and salt. Whisk constantly until the mixture has thickened to the consistency of unset pudding (this can take up to 10 minutes). Remove from heat and pour the mixture into a shallow dish. Place in the refrigerator until cool. When cool, mixture will be thick like custard.
  10. In a large bowl (or bowl of a stand mixer, if you have one) beat the butter and sugar together until fluffy. Add vanilla and mix well. Beat in cooled flour mixture one tablespoon at a time on medium-high speed. When all the flour mixture is added beat on high speed until light and fluffy, about 6 minutes. Rub a little frosting between your fingers, if sugar granules remain, beat for 4 more minutes, or until granules cannot be detected with fingers.
  11. Decorate: Frost the entire cake with the milk frosting in an even layer; transfer leftover frosting to a piping bag fitted with an open star tip and pipe swirls or stars around the top edge of the cake. Use regular-size chocolate chips to decorate the outside of the cake. Place chips in staggered lines around the outside edge, beginning at the top and working your way down. Decorate the top edge of the cake with the mini chips.
  12. Serve cake slices at room temperature. Store the cake covered in the refrigerator; bring to room temperature before serving


NOTES:

  • Be sure to use mini chocolate chips in the cake batter. They will disperse and suspend best; larger chocolate chips will sink to the bottom of the pan.
  • Fine grain caster sugar is recommended for the boiled frosting as it dissolves easily. You can usually find this in the baking aisle at the grocery store, but if you’re coming up empty handed, you can make a close approximation at home. Place regular granulated sugar in a food processor and blend until fine.

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Great tips and tricks for SMEs Thinking of starting a business can be one of the most stressful decisions of your life. We all live in a world where we want to make more money and increase our income. Most people do this by winning advice from big companies. When he starts a business, he has to be ready to compete. You don't have to be rich or famous to be successful in business, but it's important to know that you do have to think carefully. So, there are lots of secrets to think about and lots of places to travel. 10 valuable tips for a successful business. Tip 1: Get inspired and loving tips Every business starts with an idea that you may have thought of opening your own business over the years. Or the motive may appear suddenly. Regardless of the source of your knowledge, the first step in starting a business is to find a business idea. And however important your views are, you must like them. 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You can set up your accounting system by your own, or hire an accountant to take away some of the work. Tip 10: Promote Your Small Business As soon your business is up and running, you need to start attracting customers. You'll want to initiate with the essentials by writing a single selling offer and building a marketing plan. Explore as many small business marketing ideas as you can so you to choose how to promote your business most successfully. Completed these business start-up actions, you will have all of the most important small business bases protected, and be prepared for small business success. 15 Business Ideas to Generate Extra Income If you want or need to start a side job because you still need to wait a little bit longer to start your own business, here are 15 suggestions for you. 1. Make money Blogging If you enjoy writing, find a theme you're passionate about and start a blog dedicated to covering that theme and anything else interesting you enjoy to talk about. All you need is a laptop, some time, and inspiration to consistently write. It can start as a hobby and turn into a business over time. Creating a blog is free, but if you want to look professional it can cost less than $ 12 per month. 2. Buying or selling on eBay Thanks to internet there are more opportunities to make money than ever to buy and resell products for extra money. There are lots of people buy at a discount and resell them on eBay for profit. 3. Freelance writing If you're great with words, you might be capable to find some work as an online freelancer. A variety of publications need online content in the form of product, stories, service descriptions, and reports, and if you have the talent and ability, you could easily be the one to create them. Luckily, all you need is a computer and Internet connection to get started. You can start here freelancer.com 4. Social media expert Now a day almost everyone uses Facebook, Twitter, and Pinterest, but did you know that many companies are willing to compensate people to support them managing their social media accounts and sometimes you can do it part-time from home. If this appeals you, to find social media jobs you can start by writing companies with a social media presence and visiting sites like Elance.com for opportunities. 5. Proofreading and editing Do you have strong English skills and outstanding grammar? You may have chances to work as a proof-reader from home. Marketing for this can be hard; seek out those who might actually be able to use your services and advertise directly to them. 6. Virtual assistant Many companies and individual professionals like having someone who can check and answer their email, organize task lists for them, someone who can update their calendars, and perform other administrative tasks, with minimal communication. The best of being a virtual assistant is that you can offer this service from home with a good Internet connection. 7. Website design If you know a little bit about web design you can approach small businesses in your community, as they could use a very basic web presence to tell others about their business. These businesses usually don't have a large budget for websites and create a great yet simple website is for you, get a bunch of clients from your local community, create sites for them, and maintains them for a small fee. You can easily get enough businesses to have a nice side business of your own with a low investment. 8. Affiliate marketing Certain types of online businesses will pay you to promote their products and encourage sales. If you're interested in learning more, check out affiliate marketing programs such as Click-bank, Commission Junction, and these websites are trustworthy and you can earn money by posting their products in your blog, website or Facebook. The secret of online business is all knowing targeting the right public and marketing efficiently. It can be overwhelming with all the information available online as more than 50% of the information is just a waste of time. 9. Become a business or life coach If you are a good speaker and passionate about the business world and able to inspire and encourage others in a unique way, you could marketing your services as a business or even a life coach. Take your passion and expertise to the next level giving advice and suggest actionable steps people can take to progress their professional and private lives. 10. Start a resume writing service If you're excellent at writing remarkable resumes that in the end result in people getting the job, contemplate advertising those services. Most of your work will spin around writing, editing, designing, and proofreading, so you will only need few supplies outside of your computer and basic software to get started. 11. App Developer Web app development is the creation of application programs that reside on remote servers and are delivered to the user's device over the Internet. Now a day you can do apps with software's you don't really need to be a weirdo to do it, you can be an app developer for Facebook for instance and of course you can do it part-time and home based. 12. Business Consultant If you are high organized and skilled being a good problem solver this job is for you. Companies bring Business Consultant to identify their problems, provide solutions and optimize companies. The only investments are your skills. 13. Data Entry Service Many companies and online businesses require some type of manual information tracking, creating a vast amount of data entry work. Although there are many work-at-home scams related with data entry work, there are a lot of genuine chances available for genuine data entry businesses. If you are an excellent typist with an eye for detail, a data entry business is a great idea for you. 14. Freelance Writer If you have the skill to write and inform people in a certain area, you can write small books or guides and sell them online, the biggest books platform is Amazon.com, where you can display your books for free and when they are sold, you will receive a percentage from the selling. Payments are made every month depending on your sales. Investment is only your time to write and imagination. 15. Internet Researcher The Internet provides a vast amount of information. If you can quickly and efficiently navigate through that wealth of information, and essentially find a needle in a haystack, you can create a very successful business as an Internet researcher. Search for this kind of job online or about a company which is looking for this of service. I give you only a glimpse what you could do, and these are just a few ideas, but many ideas were left behind. First of all I advise you to think what you like to do as a hobby or in your free time, why don't you make profit from what you are doing already? You have the world as your disposal, but for a business to work out the first thing from all things is, it doesn't matter what you intent to do, but you have to love it. If you love what you do it doesn't feel like a job, you will be doing it with joy and this way you will be successful. There are some side business opportunities that have grown more common in the past few years. And thanks to internet you have much more opportunities, ideas and help to develop your business to be more good businness.

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