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.

This mom of 4 Lost 115 Lbs, and Still Ate a Treat Every Night #fitness #weightloss

As a Mom of 4, Mandi Lost 115 Pounds With BBG and Still Ate a Treat Every Night


For the moms out there, you'll be able to relate to Mandi Jane Wilson (@mandi_wilson_fitness on Instagram), a 34-year-old mom who gained weight during her pregnancies. At one point, Mandi reached almost 300 pounds, then lost 140 pounds, regained weight again with two more pregnancies, and was able to lose 115 pounds.

Mandi's History With Weight and Fitness

Growing up, Mandi was a dancer, and although she stayed pretty active, she didn't really have any knowledge of nutrition or how to eat well. "I really started having a hard time with weight gain when I became pregnant at 20. That pregnancy ended in a miscarriage, and I had my first child at age 22," Mandi said.

She had gained 50 pounds with that pregnancy, and combined with the weight she gained from her first pregnancy, Mandi was 80 pounds overweight. "I thought that the weight would 'just come off' with breastfeeding, and it did not," Mandi said.

When her son was around 1 year old, Mandi started working out at home with videos and eating healthier, and she said, "I lost around 25 pounds before becoming pregnant again. That pregnancy ended in a late-term miscarriage."

Mandi's Weight-Loss Journey Begins

At age 25, Mandi started her weight-loss journey at around 295 pounds in November 2010 after a family vacation to Knott's Berry Farm. Her youngest son was 5 months old, and she knew she had baby weight to lose but was in denial about how much. When she tried to take her 3-year-old son on a children's ride and couldn't get the seat belt buckled around herself, they asked her to exit. "I knew at that point that I had to change something," Mandi said.

"I tried things off and on that I couldn't stick to because I wasn't realistic about my goals or expectations," Mandi said. In June 2011, after seeing her son's first birthday photos and realizing she was nowhere near where she needed to be, she made a huge life change with health and fitness.

That month, she started by committing to working out 20 out of 30 days and monitoring her calories every day using My Fitness Pal. "I lost 140 pounds in two years," she said. "Forty the first year and 100 the second when I got serious about changing my lifestyle."

That wasn't the only big weight loss Mandi experienced. Mandi got pregnant in 2012 and had her third child in 2013. She gained 80 pounds and lost 60 pounds before getting pregnant with her fourth child in 2015. She gained 90 pounds through that pregnancy, which she said was difficult. Six months after her fourth child was born, Mandi lost 115 pounds in about a year and four months.


Mandi's Diet

Mandi follows a low-fat, high-protein, moderate-carb diet because it's what makes her body feel best. She counts calories using My Fitness Pal and aims for around 1,500 to 1,800 calories a day, depending on how much she's worked out.

"I have used some meal plans as guides on and off such as the @fitnesscarli meal plan and @cleansimpleeats but have never followed those as prescribed. I usually take inspiration from them and use some of their recipes," Mandi said.


What Mandi Eats in a Day

Here's a typical day of eating for Mandi:


  • Breakfast/before workout: 100-calorie oatmeal with some fruit and Zipfizz, which is an energy drink mix-powder ("I use Zipfizz as a pre-workout as most pre-workouts are much too strong for me.")
  • Post-workout snack: protein bar (usually a Fit Crunch bar because they are her favorite) and BCAAs
  • Lunch: carrots, spinach, and other veggies with a light salad dressing and a chicken sandwich (Thinwich bun, Laughing Cow light cheese spread on the bun topped with rotisserie chicken heated in the oven)
  • Afternoon snack: homemade peanut butter protein balls or yogurt and fruit
  • Dinner: protein (frequently chicken or fish), brown rice, and lots of veggies like mushrooms, asparagus, broccoli, etc.
  • Treat: She has a small treat each night like a Ghirardelli chocolate square, a small Lenny and Larry's protein cookie, or Jo Jo's Chocolate Bark. She keeps it to 200 calories or under.


Mandi's Workouts

When Mandi started working out, she did 15 minutes on the elliptical machine three to five days a week "because that's all I could do," Mandi said. As she lost weight and improved her aerobic ability, she started going up to 40 minutes a day.

She then added in things like indoor cycling and pump classes. Then a few years ago, Mandi discovered BBG and added that into her daily workouts. Now, Mandi lifts at the gym with her husband four days a week and teaches two Spin classes, and she said, "I do BBG at home in my basement home gym. I either do one of the strength workouts or I walk on my treadmill at home."


How Mandi Stays Motivated

Working out and eating healthy have really helped Mandi's overall health and wellness. "I was very unhealthy before, constantly sick; I felt sick to my stomach almost nightly. I wasn't able to play with my kids or do the things I wanted with my family. The changes that I have seen in my overall well-being keep me motivated," Mandi said.

Mandi loves the life she has now. She's happier and generally healthy throughout the year. If she does get sick, she said, it's so much easier on her.

"I can do anything I want. From hiking to swimming to riding rides at amusement parks. I don't feel held back. My mental health has improved so much. These things keep me motivated daily. Knowing what I used to feel like compared to how I feel now is a huge motivator," Mandi said.


Mandi's Nonscale Victories

Here's a list of Mandi's nonscale victories:


  • "Putting on my wedding dress again and having it fit. I got married at 19, so this was a huge victory."
  • "Wearing over-the-knee boots. I had wanted them for a long time but was worried they wouldn't fit. When they did, it was a huge victory."
  • "Carrying my baby on my back on hikes, like on Diamond Head in Hawaii. I have wanted to be healthy enough that I can do anything I want to with my children, and going on hikes carrying a 40-pound toddler has been a huge victory for me."
  • "Last October, we went back to Knott's Berry Farm for the first time since I couldn't fit on the ride. I was able to ride everything, and it was such a stark difference from the last time I was there."


Mandi's Advice

Mandi's advice is to "start small and keep building upon the small changes you make. Eventually, you will be where you want to be." She added, "I feel like what was so overwhelming for me in the beginning was trying to overhaul everything. It just wasn't realistic from where I began," Mandi said. So she started small by just counting calories and slowly incorporating fitness.

Her second piece of advice is to stay consistent. "If you have a bad day, leave it as a bad day and get back to your routine the next day," Mandi said. "Consistency is where you will win!"


Final Thoughts

"Health and fitness changed my life. I am a completely different person from where I was at 25," Mandi said. Just starting down the road to a healthier life will get you where you want to go, and remember that "any change to improve your health is worth it!"

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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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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. 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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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