How To Optimize Google My Business Listing To (Generate Sales)
For a small business to grow into a big business, it needs a loan unless it has exceptional sales and profit margins. A small business owner has quite a few places where he/she can go with a loan request. Banks seem to be one of their options on most occasions. What these owners might not realize is that banks have recently developed a reputation for rejecting small business loans. It seems that banks are more interested in financing large businesses due to their benefits. Digital Minds BPO A bank can come up with a variety of reasons to reject loan approval for a small business. Some of the common reasons are as under:
Reasons for Banks to Reject Your Small Business Loan
Credit History
One of the barriers between you and the business loan is credit history. When you go to a bank, they look at your personal as well as business credit reports. Some people are under the impression that their personal credit does not affect their business loans. But that's not always the case. A majority of banks look into both the types of credits. One of the aspects of credit that matter a lot to the banks is credit history. The length of your credit history can affect your loan approval negatively or positively.
The more information banks have at hand to assess your business' creditworthiness, the easier it is for them to forward you the loan. However, if your business is new and your credit history is short, banks will be unwilling to forward you the desired loan.
Risky Business
You must be aware of the term high-risk business. In fact, lending institutions have created an entire industry for high-risk businesses to help them with loans, credit card payments, etc. A bank can look at a lot of factors to evaluate your business as a high-risk business. Perhaps you belong to an industry that is high-risk per se. Examples of such businesses are companies selling marijuana-based products, online gambling platforms, and casinos, dating services, blockchain-based services, etc. It is imperative to understand that your business' activities can also make it a high-risk business.
For example, your business might not be a high-risk business per se, but perhaps you have received too many charge-backs on your shipped orders from your customers. In that case, the bank will see you as a risky investment and might eventually reject your loan application.
Cash Flow
As stated earlier, your credit history matters a lot when a bank is to approve your loan request. While having a short credit history increases your chances of rejection, a long credit history isn't always a savior too. Any financial incidents on your credit history that do not favor your business can force the bank to reject your application. One of the most important considerations is the cash flow of your business. When you have cash flow issues, you are at risk of receiving a "no" from the bank for your loan.
Your cash flow is a measure for the bank to know how easily you return the loan. If you are tight on cash flow, how will you manage the repayments? However, cash flow is one of the controllable factors for you. Find ways to increase your revenues and lower your expenses. Once you have the right balance, you can approach the bank for a loan.
The Debt
A mistake that small business owners often make is trying out too many places for loans. They will avoid going to the bank first but get loans from several other sources in the meantime. Once you have obtained your business funding from other sources, it makes sense to return it in time. Approaching the bank when you already have a lot of debt to pay is not advisable at all. Do keep in mind that the debt you or your business owes affects your credit score as well. In short, the bank does not even have to investigate to know your debt. An overview of your credit report can tell the story.
The Preparation
Sometimes, your business is doing fine, and your credit score is in good shape as well. However, what's missing is a solid business plan and proper preparation for loan approval. If you haven't already figured out, banks require you to present a lot of documents with your loan approval request. Here are only some of the documents you will have to present to the bank to get approval for your loan.
Income tax returns
Existing loan documents
Personal financial documents
Affiliations and ownership
Business lease documents
Financial statements of the business
You have to be exceptionally careful when these documents and presenting them to the bank. Any discrepancies can result in loan rejection.
Concentration of Customers
This one might come as a surprise to some, but a lot of banks consider this aspect of your business seriously. You must not forget that loans are banks' investments. Businesses that approach the banks are their vehicles to multiply their money in the form of interest. If the bank senses that your business does not have the potential to expand, it can reject your loan request. Think of a mom and pop shop in a small town with a small population. If it only serves the people of that town and has no potential to grow further, a rejection is imminent.
In this particular case, even if the business has considerable profit margins, it relies on its regular customers for that. The bank might see it as a returnable loan but not as an investment opportunity.
Conclusion
The good news is that you have a lot of funding options as a small business owner. Today, banks are only one of the many options for you to fund your bank. You don't necessarily have to apply for loans when you have crowdfunding platforms actively helping small business with their funding needs. If you are seeking a business loan from a bank, that's fine. However, if the bank does not approve your request, it should not worry you much.
Are Private Notes For You?
The financial community has gone through some pretty rough times over the last few years and many traditional lenders are finding any excuse they can NOT to make loans. Often they will try to underwrite an A paper deal at B or C paper rates and if the principles will accept this, they make the deal. The terms the lender will offer are often well below those that they historically would have made. This means that the lender will offer say a 10% interest rate where before they would have offered a 6% rate and or offer to finance 70% of a purchase where before they would have financed 90%. You've probably heard this on the news where good solid buyers can't get bank loans for their businesses or to by houses or cars or what have you.privnote The financial markets are tight. However, people still need cash to buy houses, cars and items for their businesses so they have turned to the private marketplace to satisfy their financial needs. Even during the best of times 90% of all financing for the sale of small businesses has been seller carry back funding.
Once these notes or paper has been created the payee (seller typically) receives monthly payments including principal and interest on the amount they financed for the buyer or payor. Since these note holders are private individuals and not financial institutions there is a limit to how much of their capital they can have tied up in these financial instruments. They often need to free up this cash and sell the notes so they can do other deals or buy other equipment or cars or houses etc. They need a buyer to pay them the cash balance of the amounts still owed them or as close to this balance as possible. Typically these buyers of this paper demand a higher yield on their investment than the institutional financial companies demand.
As an example, if the prevailing FNMA mortgage rate on a first mortgage is 5% fixed for 30 years, a private investor might demand, and get, 10% yield on their invested capital. Since once the note is created and the terms of the note (interest rate, term etc.) has been set it can't be changed. The way the note investor gets his 10% yield on 5% paper is by discounting. This means that the note buyer will only pay, say $80,000 for the remaining balance of $100,000. This is a difference of $20,000 or 20%. This difference is the discount. There is nothing magical about this 20% and it fluctuates up and down depending on many variables in the transaction such as: type of collateral, face interest rate, remaining term, owner occupied or not, payment history, buyer/payor profile etc. It is safest and best to have the underwriting of all these variables or due diligence as it is called done by a professional firm.
Get Paid to Upload Files - Is it a Good Money Maker?
I never thought that internet would is a good place to establish a business, at first I was only downloading files and stuffs but when I started to learn how to get paid online I learned that I can make money by uploading files, promoting them and I will be paid when a user downloads my files. At first I did not believe it that much because I joined and not earning a cent on this paid to upload program so I feel disappointed. But when discovered different tricks and techniques on increasing my earnings I immediately started to do it and my earnings increased for only 1 month.
The first thing to remember is you will not make money by only uploading your file, you have to faithfully promote it until you generate ample amount of income. I promote my download link in related forums to increase download count, for example my anime MP3 files will be promoted on a anime or manga forums because the people lurking and participating there love anime MP3's. Be creative in promoting and be aggressive but never spam because you will be banned and it is not good for you and your online earnings.
If you have Twitter and Facebook you can share different MP3 download links and some of your friends or strangers might be interested on it and download your link. Just post one link a day to avoid spamming because if they branded you as spam then you will be ignored or you might be blocked or reported so be very careful.
YouTube is also a good weapon in promoting links, just give to the credits to rightful owner though because your video might be deleted because of copyright infringement.
Overall you will only earn from get paid to upload sites if you work hard for it. Keep in mind the things that should be avoided to prevent being banned.
LaShae Washington Just Invested In A New Hair Salon In D.C. - The Best Place To Get A Star Look!
LaShae Washington is a fashion designer and businesswoman who has just launched a new celebrity hair salon in Washington DC. The dream for many hairstylists like you has come true, and now the salon is open to the public.
Why Should You Care?
The salon is itself is a brand where famous celebrities come to style their hair. Now you will have a chance to see and work with the celebrities whom you have only seen on television, mobile, and billboard screens because those famous celebrities will be getting their hair styled by Vermelēon Stylist.
But do you know the best part? LaShae Washington is offering one-month rent-free and full service that will be available 24/7 so that you don't have to worry about the finances at the beginning. All you need to do is grab this opportunity and reserve your place in this salon so that you can make your dream come true.
Why Work with Us?
Vermelēon Celebrity Salon by LaShae Washington is looking for 7 talented hairstylists to join their team and get a chance to work and style the hair of your favorite celebrities because this will be your life's best experience. Just imagine, what could be better than styling your favorite celebrities' hair with your own hands? Nothing is better than that.
But you need to be very professional, careful, and extra vigilant when it comes to your work because we do not compromise on the quality of the services that we provide to our customers, especially when they are famous and people's most favorite celebrities.
You should be aware of the latest trends and styles in hair styling and full of energy, knowledge, and experience to grow your career to the new heights of success. Why is that so? Because when a celebrity goes on the screen with a unique style, then it not only increases the chatter about the celebrity but also about the hairstylist who has given that celebrity that amazing hairstyle.
So, you have an exceptional chance to become a famous hairstylist, and you have the world's biggest opportunity to prove your talent to the people.
Who Can Work with Us?
If you are experienced, energetic and knowledgeable and have the spark to build your career as a hairstylist, then this opportunity is for you.
Our salon's job is more than just working with regular clients because we cater to the celebrities who are always in the limelight. Whenever there is a slight change in the hairstyle of people's favorite celebrity, they take notice. Thus, you need to know how each individual celebrity style his/her hair so that you can not only tailor their cut but also give them their signature look.
So, what are you waiting for? Join Vermelēon stylist today.
How to Get a Good Looking Website? Do Companies Need One?
In the hustle and bustle involved of our preoccupied lives, company folks usually become way too busy to stop and examine the simpler things in life.long distance moving companies calgary One of many issues that a business man or woman may possibly need to check is actually their own web page. In the not so distant past, individuals adored web pages which had flash incorporated into them, that had been created with Microsoft FrontPage, although they were difficult to navigate and also had marquees. These days that is not the situation and even business proprietors have to make sure that their web pages remain trendy and up to date. All things considered, the company proprietor wishes the client to trust that their firm is heading in the right direction and along with the times. And not necessarily stuck in the nineteen-eighties rut. The actual company owner needs to look at a few of the issues that customers are demanding in websites these days.
First thing is the fact that the client must be in a position to find the web site. More than 60% of the populace make use of the net to seek out items to purchase. These individuals need to be in a position to find your website and so you should be making use of good search engine optimization in each web page of the site.
The second element that the company proprietor really needs to think about is exactly how eye catching the site is to the consumer. New industry study indicates that you have one twentieth of a second to appeal to the customer before they move on to someone else's site. Consequently, when designing the web page you have to take into account the reason why the viewer is on your website and show them very quickly that you can deal with their wants. Usually a busy client is not in need of being entertained. They are just looking for speedy details which will fulfill their wants.
The third issue to think about is the way the web page is laid out. You must keep all these general points in mind during the website design procedure.
* Upper left side corner is usually what the viewer sees initially.
* Utilize color to be able to convey points.
* Employ fonts that are easy to read.
You're going to get your hands dirty
A good farmer scoops up the soil in their hand and smells the earth, perhaps even taste the earth. The thing is that as a farmer you will be getting intimate with your market.
If the crop you plan to raise is made up of web users then your web page is the soil that they will grow strong on. The nutrients you add to your web page have a fragrance, maybe even a certain taste. And the richest addition you can add to your web page is your own personality.
Now, don't get fearful
Perhaps professional marketers have told you not to get personal with your marketing, but that type of aggressive marketing is not what we are talking about here. To cultivate your market you need to talk to them in ways that nurture, and this means that you care enough to be yourself.
If you wanted to get to know someone based on a feeling of attraction would you analyze how to do this? If you overheard a conversation and the opinions expressed attracted you would you choose to get demographics and contact information before you introduce yourself?
The whole purpose of cultivating a market lends itself to casual and intimate conversations. And 'intimate' does not mean private and secretive, it means:
Marked by close acquaintance, association, or familiarity
Relating to or indicative of one's deepest nature
Most web marketing is done at arm's length because the marketing people are not clear on the market being targeted. And the word 'targeted' is rather cold and disconnected emotionally. Targeting is an odd way to build relationships, but building relationships is exactly what we want to do.
Cultivating the market
The bigger portion of our market that we wish to cultivate is at earlier stages of the buying cycle and we are able to help them and build a relationship in the process. In this way we cultivate a much bigger market than trying to capture the smaller numbers that are ready to purchase.
Those members of our market that are ready to purchase have already been influenced. We cannot reach many of them now. On the other hand, the greater numbers that are early in their search can be cultivated, influenced and helped to make a smart choice and buy from us.
We need to design a web site that will allow us to be helpful and generous in sharing our information. Far too many small business web owners do not know what to share with their market. We are going to be different.
What do we feed our market?
We want our undecided market to choose our solution as their purchase. To do that we need to help them along, and this is where our web design comes into play.
Our page is jammed full of really good information but it doesn't show everything at once. And then there are other pages doing the same thing. We are using HTML which stands for Hyper Text Markup Language. It is the hyper text that allows us to provide a selection and then deliver a choice.
We are no longer using limited space on paper, nor are we using limited time on TV. Web marketing needs to use HTML in its marketing to get the most out of the medium and yet the HTML in contemporary business designs is relegated to basic navigation and placeholders for content. Instead, we need to put HTML into our marketing methods and provide choices for all members of our market.
Talking all the way through
We will spend time talking to that portion of our market that doesn't even recognize yet that they have a problem. We are going to help educate them so that they do recognize that their life could be better with our solutions.
We will spend time talking with those that are researching possible solutions and we will help them see all of their possibilities from all sides. We'll look at the upside and the downside of various features. We'll bring these people along our path of understanding so that they are ready to look at comparisons.
We will not be afraid to compare our solution with others available on the market. We want to nurture this stage of the buying cycle fearlessly and give them all of the choices available while building a relationship they can trust. We want to keep this stage engaged or they will leave our site looking for comparable products and solutions.
If we don't feed them right now and right here their next stage of development is to make a decision to purchase and we could lose them at a crucial moment in the cycle.
Farmer or hunter
A hunter fears that the prey will get away. They target and shoot early when they can and short term goals are everything to a hunter. On the other hand a farmer has long term goals and works with the seasons. Six months can go by from planting to harvesting and a farmer knows that nurturing cannot be superficial or provided with impatience.
Our harvest will arrive and it will be our own if we provide the helpful nutrients. Spending time to create the best content is essential and the easiest way for our market to find the right content on our site is also essential. But it can all be for naught if we choke up at the end and impatiently push for the sale.
We need to honor our market and validate their choice even when the choice goes to our competitor. Most choices will come our way because we nurtured that market along and we have build up a relationship. All the rest will take care of itself. It does so because everything about the marketing process is as natural as sunlight and rain.
Pull Marketing
And when we market naturally we are attracting the best interest from search engines. We are providing volumes of our unique and original information that search engines and our market are attracted to. We are sharing information that creates growth while building relationships with our market. We are cultivating our market by solving problems and providing insight for our market. And the bulk of our information is work that does not have to be repeated over and over.
Our web pages may need some tweaking from time to time but our main effort is going to last for a long time to come. And perhaps one of the most valuable assets we develop with pull marketing is that nothing we ever do is lost. All of our marketing stays in place for years and as we build we grow stronger and stronger.
What is the EIC Tax Table Chart?
The earned income credit, or EITC, is a tax credit that must be earned from employment, self-employment, or another source of work, including wages, tips, and union benefits.
However, it must meet certain rules and regulations, and there are even more additional rules for workers without a qualifying child, or those who may have a child in your household that meets the child rules.
The earned income tax tables are charts that can help you estimate how much earned income you are due for as a tax credit relative to the number of children you have and the allowable maximum federal EIC and allowable maximum state EIC.
For example, in many states, the statewide maximum allowable EIC hovers around $450 for one qualifying child, $750 for two qualifying children, and $850 for three children.
Federal earned income credits are more transparent, offering very little tax credit for families with no children, and $3,094 for families with one child, $5,112 for families with two children, and $5,751 for families with three children.
Qualifying Child
The qualifying child must be related to the person filing by birth, marriage, adoption, or as a foster child. Furthermore, the child must be under 18 at the end of the year or a full-time student 23 or younger. If the filer is caring for a person who is considered permanently and totally disabled, the person can be claimed regardless of age.
In order to avoid two people claiming the same child for the Earned Income Tax Credit, the child must live with the person claiming them for a minimum of six months and a day.
It is also important to note the taxpayer claiming a qualifying child (and their spouse if applicable) must be between the ages of 25 and 64 years old.
Some states offer their own variation of an earned income credit. Qualifications and calculations are usually similar to the federal version. However, it is important to check with the individual state.
The EIC Tax Table may vary each year and qualifications are subject to change. Currently, IRS publication 596 is used to give detailed information regarding qualifications. Schedule EIC is the actual form to fill out for filing for the federal earned income tax credit.
Filing your taxes online has never been easier than it is today by using tax software. If you would like the guarantee of claiming the entire earned income tax credit, you can use tax filing software such as, TurboTax to claim your full tax credit today!
