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James Hudson

How to Avoid Business and Financial Risks? - 0 views

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    Are you aware of Business and financial risk?. Here is the plan to avoid financial risk in Business. This blog post is all about Important factors for business risks prohibition. Must read.
James Hudson

5 Factors to Consider When Evaluating a Franchise - 0 views

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    The 5 factors you should know before evaluating a Franchise. This blog post is all about Important factors for Who wants to get a Franchise. Must read.
James Hudson

Are the information provided by the borrowers verified? - 0 views

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    Biz2Credit verifies the information which has been provided by the borrowers  through the data integration which we have built with 3rd party providers which include credit breaus, IRS , payrol and accounting packages. Besides this , Biz2Credit takes customer authroization to pull the tax data from the IRS aand compare it with self reported data
James Hudson

How does one establish a good credit score? - 0 views

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    These are some things that you can do to establish a good credit score. Its not an exhaustive list but rather something to start with. 1-Pay credit card bill preferrably in full and on time, 2 - Never charge 30% more than your credit limit, 3- Don't close an unused card account, Keep them in good stead, 4-Spread your debt on different cards, 5- Try not to keep a credit card unused
James Hudson

Is there a process in Biz2Credit to verify the borrowers information and other details? - 0 views

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    Yes, Biz2Credit uses lot of third party data and security protocols to verify the borrower's information as well as self reported loan application data.
James Hudson

How do you define small business according to SBA? - 0 views

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    According to SBA a small business uis such an entity that is not only independent owned and operated but also is into business for profit motive without being dominant in its field of business. The business can be sole ownership, corporation, partnership or any other legal form. It should have a place of business in USA and make cointribution to the US economy.  I have pasted the link below if you want to find out more in detail.
James Hudson

Is Business Plan Important? - 0 views

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    Yes. Financial institutions and lenders will ask you to produce  a business plan. It helps to have a business plan as all your business details are documented. it is not only the blue print of your business but also helps the others understand what your business is from inception to what you want to acheive in the future. Your business plan answers the what,why and how of your business along with when.
James Hudson

what-is-peer-to-peer-lending - 0 views

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    Peer to peer lending is the practice of lending money to unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other traditional financial institution. This lending takes place online on peer-to-peer lending companies' websites using various different lending platforms and credit checking tools.
James Hudson

what exactly are disaster loans? - 0 views

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    Disaster loans are loans that are meant to help people in disaster. For places declared disaster area by the US government, SBA provides loans to them at lower rates of interest and for longer term, subject to the guidelines of the SBA.
James Hudson

10 Questions to Ask Before Applying for a Bank Loan - 0 views

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    Most small-business owners need a bank loan at one time or another, and applying for one involves much more than filling out paperwork and saying a prayer. Among other things, you need to consider the state of your personal and business finances, how you're going to repay the loan, and how much money you actually need.
James Hudson

Unsecured Business Loans - 0 views

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    At first glance, unsecured business loans can sound like a big risk. Whereas secured business loans are taken against a borrower's assets, unsecured business loans require no collateral. Because the lender takes on greater risk, unsecured loans often feature higher interest rates than secured ones do.
James Hudson

Silver Lining Investment - 0 views

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    It is not uncommon to hear of small businesses being denied of financing conditions but it should not lead one to conclude that there are no other means for them to resort to for funds.  Challenging economic environment has prompted the lenders to tighten their purse strings but it is not entirely impossible to get a small business loan. By preparing the necessary groundwork, small businesses can secure SBA-backed loans. Here are certain secrets to getting access to the SBA financing aid.
James Hudson

How to become more Bankable - 0 views

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    A business has to make it more bankable to get loans to start a business. In order to get a business loan an enterprise should prepare well. It needs to talk to banks and formulate business plans that can prove successful for the company. 
James Hudson

5 Tips for Finding the Best Business Mentor - 0 views

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    Starting and running a business can be a lonely and daunting experience and there will be times when difficult decisions need to be made. This should be taken into consideration when choosing a business mentor.
James Hudson

Financers Disburse Business Loans To Mobile Store Owners - 0 views

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    It is for the sake of launching a mobile store business that entrepreneurs crave for loans and delve in striking negotiations with lenders to find grants for their company. It is at the negotiating table that interest rates are decided and repayment period is finalized.
James Hudson

What to do if you Default on a Business Loan - 0 views

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    Defaulting on an existing loan can significantly damage your FICO score and increase interest rates as well. In the worst case scenario, the lender would attempt to recover the lent amount by foreclosing your property, seizing bank account or other assets.
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

Co-Hosted Events Fill Gaps In Business Funding - 0 views

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    The SBA and US Treasury Department co-hosted several events of Government officials, entrepreneurs and financers. The idea is to improve access to capital for small business owners. The discussions led to the foundation of 'Small Business Jobs Act of 2010' and 'Jumpstart Our Business Startups Act'
James Hudson

Veteran Loans Are Rewarding For All - 0 views

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    Retired military personnel who want to stay busy by starting their own business can do so by securing loans to launch an enterprise. There are several lenders around who wish to help entrepreneurs so that they can restart a business of their own. It is just that they have to apply for the support that is available and it can prove to be a wonderful means to take an enterprise forward.
James Hudson

Startup Success Depends on Access to Capital - 0 views

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    Receiving a loan increases an organization's probability to survive during first few years. It makes an enterprise strong and capable. The funds received can certainly enhance the chances of growth and give strength to face competition head-on. It has an enormous effect on a company and defines its path to success. The money received also helps to increase the number of employees in an organization.
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