Applying for Small Business Loans Successfully

Applying for Small Business Loans Successfully

Most start ups soon feel the need for extra money to expand, advertise, and generally reach a size where the return on investment is good. Once the initial investment corpus earmarked by the entrepreneur is used up, they turn their thoughts to small business loans. However, successfully applying for a small business loan is no easy task. Bankers and lenders look for certain qualities in the entrepreneur and their business before they decide to grant the loan. If the borrower is aware of what the lender expects, then the borrower can prepare their application accordingly.



When asking for small business financing, it is up to the borrower to sell their idea to the banker. As bankers consider small business loans risky, they are not usually willing to grant such loans. However, if the entrepreneur persists with a well prepared business plan that clearly outlines the strategies for taking the business forward and shows how the repayment will be made, bankers are much more willing to give a fair hearing.

When applying for small business credit, you need to ensure that you are putting in at least 25 to 50 per cent of the money needed. This will convince the creditor that you are serious about your business. The papers you prepare for your potential creditors should clearly show that you have invested your personal funds in the business.

Small merchants and those running restaurants can also apply for a merchant cash advance. One advantage of this kind of financing is that you can use the funds at your discretion. You need not tell the bank how you are going to spend the money or on what heads. You can use the funds to pay staff or redo the premises. Of course, you need to establish a clear method of repayment and a strict schedule to repay the loan. Small business loans of this kind are relatively easier to obtain.

One way of obtaining a lower rate of interest from small business lending institutions is to approach the Small Business Administration for help. If this institution underwrites your loan, the risk to your lender is reduced. You will then be in a position to ask for a lower rate of interest on your loan. By reducing your interest outgo, you will be able to garner better profits from your business.

Yet another way of ensuring that you get the loan is to offer collateral. In the event that you need a business credit line to expand your business or spend on advertising and marketing, you should offer the lender some collateral. If your business owns property or machinery, use it as collateral, that is, pledge it to raise the cash you need. Again, this reduces the risk to the lender, helping you to ask for a lower rate of interest as well.

When bankers look at an application for small business loans, they will primarily be looking at the business viability, the business assets, and the personal credit rating of the entrepreneur. If you want to obtain the loan, your presentation to the banker should cover these points. You need to show that the business plan is sound and will generate sufficient revenues to repay the loan on time. You also need to show that your credit rating is good, as the banker is ultimately lending the money on your word.

World’s Most Incredible Aquariums

World’s Most Incredible Aquariums

Fish enthusiasts and land lovers alike can enjoy the ocean scene inside the safe comfort of an aquarium. They provide all the underwater adventure without any of the risks…and you get to stay perfectly dry. A great source of entertainment for adults, children and entire families, aquariums are found throughout the world. Got Saga recently rounded up some of the World’s Most Incredible Aquariums that may make your local one seem like a mere pond.


The Okinawa Churaumi Aquarium in Okinawa Japan holds 80 species of coral and is one of very few that keep whale sharks in captivity, and is currently trying to breed them. Its main tank, called the ‘Kuroshio Sea’ holds 1,981,290 gallons of water and features the world’s second largest acrylic glass panel, measuring 8.2 meters. [Image- Japan-i]


L’Oceanogràfic in Valencia Spain (also seen above) is the largest complex of its type in all of Europe and has 45,000 animals of 500 different species including fish, mammals, birds, reptiles and invertebrates — amongst these are sharks, penguins, dolphins, sea lions, walruses, beluga whales, and more — all inhabiting nine underwater towers. Each tower is structured in two levels and represent the major ecosystems of the planet. [images - wikimedia, eric eggert]


The AquaDom in Berlin, Germany, is an 82 foot tall cylindrical acrylic glass aquarium with built-in transparent elevator. The largest dome in the world is filled with nearly 240,000 liters of seawater and contains some 2600 fish of 56 species. The feeding of the fish and the cleaning of the fish tank is performed daily by a pair of full-time divers.

Kelly Brook's Cute Pictures

Kelly Brook's Cute Pictures

Casio Exilim Series Cameras with Super Resolution

Two new compact cameras created by Casio, the Casio EX-S200 and Casio EX-Z800, both models offer 14.1-megapixel camera with ability to shoot video at 720p, as well as a 4x optical zoom Exilim Engine 5.0, a sort of very advanced automatic mode.

Other specifications are not clear, but should not include any big news. There are big differences even between the two models, except that the Casio S200 seems to be slightly thinner, autofocus assist with the special light mode and Quick Mode. The Z800 model seems to be lighter and more short. What is promised as super resolution zoom, or zoom with super resolution, a 6x digital zoom with an algorithm that reduces the image degradation, so the effect pixel.

Ways to Make Money on Your Own

Ways to Make Money on Your Own


Always broke and don't know what to do? Looking around for odd jobs has gotten to be a mess because wherever you go they say there's no vacancy or the pay they offer is so low that you don't even want to try. And that last place you worked at had a boss who derived pleasure from torturing you. So what could be more perfect than to find some ways to make money on your own? That would just solve the problem wouldn't it? And if that is your sentiment, then this following article could well be the answer to your problems! 'Coz it deals with nothing more than ways to make money on your own! Read and draw inspiration.



Ways to Earn Money Online

There are several ways of making money online and here are some of the most popular ways.

Blogging

Blogging has become one of the most lucrative jobs online. The best part about it is that you don't need any finances to set up a business, no bosses to deal with and no miserable pay. Instead, it offers you a platform to showcase your talent, and if you're good, you get paid well. The other more profitable method is video blogging for making money blogging.

Youtube
People haven't yet got into the folds of how to make money on youtube, but once you get into the workings of Youtube, you'll realize that it is one of the most easy money making ideas.

Writing/Editing/Teaching

All these options are really great ways to make money on the side and there are several sites that are solely dedicated to this purpose.

Affiliate Marketing and Programs

How to make money by affiliate marketing? Affiliate marketing closely resembles the concept of advertising. Affiliate literally means partnership, and this type of Internet marketing works in the same way. In this form of Internet affiliate marketing, one website promotes another website and generates traffic for them by directing viewers who visit their website to the other one. For this, the website gets paid and the website that they are advertising for, generates a lot of page views and thereby revenue. It is as simple as suggesting a website or certain products on a particular website or helping people by writing about certain services and products so that they know what choices they have. Granted, one needs to learn the ways that this form of targeted Internet marketing works and building contacts will take some time, but once you get the hang of it, it is one of the most lucrative ways to make money on your own.

Another way in which you can make money by affiliate programs is to create a website of your own that deals with a niche category like tools or books and then write information about it. In the sense where it will be like a forum where you will tell them about the different books that they can purchase online. The websites that you advertise for will pay you for generating viewers.

Google AdSense

Google AdSense is another innovative affiliate program that works on the same lines. In this, you register with Google and after you've become a member, they provide you with certain specifically designed Internet advertising that advertise products which are based on and closely related to your article. The revenue you earn will depend on the number of clicks their ads get, the images on the page and the purchases that are made through your web page. So want to earn on your own? Just try to make money through Google AdSense and you won't be disappointed.

And now that you know there are several ways to make money on your own, you can use any of these methods to earn that extra cash. And why just leave it at 'extra cash'? There have been several successful examples of people having turned these into full fledged careers. So if you really plan it that way, you could be earning much more money than you ever would have through a regular job! Interesting, huh?

Beautiful Eco-Friendly Wooden House Made From Special Bamboo Elements

Have you planned to build perfect summer house for your vacation? Maybe you could take some of the ideas from architect Benjamin Garcia Saxe who has designed this beautiful house.The whole house is designed to be as eco friendly as it is possible so, if you spend some time in it you’ll feel like you are living with the nature. It has been built from natural materials, mostly from wood. The facade of the building is pretty interesting, it has been built from bamboo elements and when the wind blows those elements are producing amazing sounds which should relax anyone who is in the house.I have always liked those simple light houses which remind me on Japanese traditional houses, this one is pretty similar to them. Simplicity and peaceful minimalistic design has always attracted me.?

Kelly Bensimon Shock The World Photocall

Kelly Bensimon attended some event called The 2010 Casio’s Shock The World at The Manhattan Center in NYC – big deal… was she looking hot?

Well let me share my position on how she looked – I’d have given her one back at her place once things at the bash had wrapped up for sure and if she was any good in the sack I’d have given her a quickie before leaving in the morning.

HP All-in-One 200-5020 Desktop Computer- Price & Reviews

All-in-one computers are perfect for the person with an office or desk that is cramped. Many people buy this sort of computer to put into a kitchen or living room for the family to use because the AIO style machines are compact and take up less space than a traditional desktop.

The big benefit of an AIO compared to a notebook when in the same price range is that you get a much larger screen with the average AIO than you will find on a notebook. The typical AIO is also often more powerful than a notebook available in the same price range.

Today I am looking at a budget offering from HP called the HP AIO 200-5020. This machine has a nice size screen and decent hardware considering its price. If you are shopping in the under $800 range for a new all-in-one, the HP AIO 200-5020 may be just what you need.

The HP AIO 200-5020 I am looking at today is available directly from HP and can be purchased from Newegg and other sources as well. On Newegg the machine sells for $779.99.