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James Hudson

How does one obtain a business line of credit loan? - 0 views

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    IBusiness line of credit loan is a type of short term funds extended to an individual, a business or a government by various financial institutions. It can come in the form of demand loan, overdraft protection, export packing credit, purchase of commercial bills and the like. It is a source of funds that can be used by the borrower as and when it is required. Interest is charged on only the amount withdrawn from the total credit extended. Once a line of credit is requested to the bank or any other financial institution, a credit limit is established against the credit worthiness of the customer and the relationship he has had with the financial institution.There are various financial institutions and banks providing lines of credit to its customers depending on the creditworthiness of the businesses customer base. Biz2Credit has helped thousands of businesses secure business line of credit loans. To know more click here http://www.biz2credit.com/get-a-loan/business-line-of-credit.html
James Hudson

What is the importance of financial statements? - 1 views

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    Financial statements are the record of variuous financial activities of a business. Various financial information such as financial statements, statement of cash flows, balance sheet and the like are provided in a structured manner. Financial statements are important to check the health of a business. It is important to know your income and expenditures that the business is undergoing through.
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    Financial statements are the record of variuous financial activities of a business. Various financial information such as financial statements, statement of cash flows, balance sheet and the like are provided in a structured manner. Financial statements are important to check the health of a business. It is important to know your income and expenditures that the business is undergoing through. The outstanding debts and other sources of income are all recorded in the financial statement.  This report provides information on perfomance, changes and financial position of the company which in turn helps to make many decisions.
James Hudson

How does the SBA guarantee loan program work? - 0 views

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    SBA guarantees loan on behalf of the borrowers. Though it does not guarantee 100% of the loan borrowed, the borrower is asked to invest some amount of his own working capital. It guarantees to take the risk of the loans from the borrowers side. If by any cas the borrowers are not able to pay back the loans, the SBA willpay on behlf of the borrower from the tax payers money.
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    SBA guarantees loan on behalf of the borrowers. Though it does not guarantee 100% of the loan borrowed, the borrower is asked to invest some amount of his own working capital. It guarantees to take the risk of the loans from the borrowers side. If by any cas the borrowers are not able to pay back the loans, the SBA willpay on behlf of the borrower from the tax payers money.
James Hudson

How credible is Biz2Credit in terms of security and storing information of the business... - 0 views

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    At Biz2credit, web security is the main parlance and priority. Our experienced and dedicated team comprised of application developers, software professionals, quality analysts and security persons have taken care of all web security related issues. The main goals of our company, related with security are identifying all web application security classes of attack, organizing and properly management of these classes of attacks and articulating the security risks. Biz2credit takes the following measures to protect user information and activity
James Hudson

What are the types of business loans available in the market? - 1 views

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    There are different types of business loans suiting the specific needs of the clients. Various loans are customized to help the needs of the entrepreneurs. Biz2Credit has been helping thousands of entrepreneurs secure funds for their business through their network of 1200 lenders. With more than $1 billion worth of funding, Biz2Credit is sure to secure the right loan for your business. To know more click here. http://www.biz2credit.com/get-a-loan.html
James Hudson

What is incorporation of business? Is it mandatory to incorporate my business? - 0 views

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    Incorporation is a process of legally incorporating i.e. declaring as a seperate entity from its owners.  It is more of a process of giving business a legal, seperate entity and being. Incorporation involves drafting "Articles of Incorporation", listing the primary purpose of byusiness, its locations, shares,stocks etc. It is not mandatory to incorporate the business but by giving it a seperate legal entuty in the eyes of the government you can definitely be liable for a number of advantages that incorporation brings.
James Hudson

What is the term FICO? - 0 views

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    Also known as credit score, Fair Isaac Company (FICO) scoring is a formula for credit risk assessment that is believed to be highly predictive of future payment risk. The borrower's score is derived by weighing credit information at a snapshot in time and assessing "points" for each piece of information. The information is taken from a credit bureau file and scores are based on credit information only. The borrower's score is calculated based on assigned numerical values for certain credit characteristics. The higher the overall score, the less risk there is for the lender. High risk characteristics include bankruptcy, non-bankruptcy derogatory public record, charge-offs or loans defaults, repossessions, serious delinquency. Other weighted characteristics are number and age of trade lines, presence of derogatory trade line information, current level of indebtedness, types of credit available (revolving vs. installment), amount of time credit has been in use, credit inquiries.
James Hudson

A Business Line of Credit: The Loan that Keeps on Lending - 0 views

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    When starting and running a small business, it is impossible to imagine all of the financial situations that may arise. Even if your budget for your startup loan is dead on, there are likely going to be unexpected expenses that pop up requiring extra funds. Where are those funds to come from? Of course one option is to go back to the bank and ask for more money, but that is a lot of waiting and red tape.
James Hudson

How Business Loans Can Fulfill Your Business Dreams - 0 views

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    Businesses that look promising at the time of their launch often fizzle out mid way largely because of lack of financing. Fund unavailability is pointed to be the main reason why most small business clients have to see their dreams of building big business entities get shattered.
James Hudson

What share of small businesses uses financing? Is 100% financing available? - 0 views

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    Financing of a particular business depends from business to business. No lender would finance 100% of your business but your percentage of business financed depends on the type of business, the size and the payment factors.
James Hudson

What is LTV? - 0 views

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    Loan to Value is the ratio of the gross value of the aset which can include both the value of the real estate and other hard collateral as well as goodwill for the business. Typically banks look at capping the LTV to 80% and want the borrower to bring in 20% of the value of the business.
James Hudson

How would I know what type of loan is best for my business venture? - 0 views

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    There are different types of loans for different business purposes. Biz2Credits financial experts can help you understand the type of laon you are looking for based on you size of the business, the type and other factors. You can call  the toll free number and get you queries answered for free at 877-861-2210and visit here for more information http://www.biz2credit.com/get-a-loan.html
James Hudson

What is the role of credit rating agencies? - 0 views

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    Credit rating agencies are meant to provide credit reports, credit scores and credit history of your business. Credit rating agencise gauge the credit health of your business based on the usage of credit, your ability to repay, your repayment behaviour etc. The higher is the credit score, the better is for the business to get loans from the lenders. Various lenders look at the credit score from the creidt agencies to determine whether to provide a loan or not.
James Hudson

Disloyalty Program, Wolves of Crowdfunding - 0 views

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    Some Washington (D.C.) coffee shops are banding together in a "disloyalty" program, writes Erin DeJesus. The idea is to get customers to visit all the shops. Investors thinking of investing via equity crowdfunding sites should beware the wolves of Spring Street, according to Robert Zeglarski.
James Hudson

How can SBA loans be helpful? - 0 views

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    SBA (Small Business Administration) is a fedral agency providing loans through its newtwork of lenders to the people doing business in the US. SBA loans guarantees loans on behalf of teh borrowers pavig way for the lenders to provide loans to the incumbent. There are various types of loans that SBA provides depending on the type of business. The rates are lower and terms longer. Please click  below to know more. 
James Hudson

What different sectors has Biz2credit secured loans for? - 0 views

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    Biz2Credit has secured loans of worth$1billion and still rising through its growing network of 1200 plus lenders. It has heped secure finance in varied sectors from agricluture to manufacturing to services, Biz2Credit has helped thousands of entrepreneurs along a wide and vast array of sectors. To know more about Biz2Credit click below.  http://www.biz2credit.com/about-us.html
James Hudson

New York Small Business Loans - 0 views

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    New York, known as "The Empire State" and home of the nation's largest city, has long been a hub of new business growth. Aside from being the financial capital of the world, it is also a place where people come from all over the world to start a business. New York-based businesses flourish, in part, through the support of government agencies including the SBA and Economic Development Administration (EDA).
James Hudson

South Carolina Small Business Loans - 0 views

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    Once primarily focused on agriculture, the economy of South Carolina has shifted towards manufacturing, primarily the production of textiles, steel products and asbestos. Government agencies such as SBA, USDA, Economic Development Administration (EDA) and the Office of Small and Minority Business Assistance osmba help the economic development of small businesses in South Carolina.
James Hudson

What happens if I want to change the name of my business after incorporation? Is it pos... - 0 views

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    Yes it is possible. All business types, except sole proprietors, should first notify their Secretary of State to change names in their articles of incorporation. States have online forms for this and usually charge a small fee. You'll find out whether your new name is already in use in your state by another corporation or partnership. You can do this via online state databases of registered business names and fictitious names.
James Hudson

The Pros and Cons of Using Technology to Increase Employee Productivity - 0 views

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    There are so many mobile gadgets and gizmos today that virtually everyone has one. This means we always have access to email and social media regardless of where we are. Small business owners everywhere are considering how they can use this technology to be faster, more efficient, and stay on top of things better than ever before.
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