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Financing for your Business
Greetings!
If you're looking for funding to expand your business, purchase equipment, buy inventory or simply supplement working capital, then you may find this information valuable.
Funds for Growth: Often businesses have unique opportunities to purchase products, equipment or even services that will provide an avenue for increased profitability and sales growth. However in most of these cases timing is of the essence and all too often obtaining funding is a long and drawn-out process allowing the opportunity to slip away.
Funds for the Emergencies: Business owners understand issues arise that are completely out of their control. Weather it's a key piece of equipment that's failing or property maintenance requirements, these issues occur at the least opportune time and can have a negative impact on the day to day operations of your business. Having access to funding to handle short term emergencies can be the difference between staying in business and closing your doors.
Bridge Financing: Bridge financing is used when cash flow from sales is expected but may not be received for 30 to 60 days. It may also used to make up a cash short fall for equipment or vendor payments.
Having access to working capital or cash is critical for every business owner.
Our partners at MerchantCard offer a MasterCard that can be used to make purchases everywhere MasterCard and Visa are accepted. Shop online, pay bills and get cash at ATMs. It's your Ongoing Access to Cash available anytime, at your fingertips, allowing you to handle any situation. Just like a Line of Credit, MerchantCard gives you access to cash when you need it. Since this is not a loan, there is no fixed payback schedule, no traditional personal guarantee, and no collateral required. This may be the perfect opportunity for you and your business.
Click here to find out more. |
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You Asked, We Answered.
I have great personal credit; why do I even need business credit?Business credit allows a company to get financing under the business entity's name and is based on an assessment of the business by business credit bureaus (the big three are Dunn and Bradstreet, Experian Business, and Equifax business). Business credit is better than personal credit because it allows you to receive a higher amount of financing than using your personal credit. Also, using your personal credit to take out numerous loans harms your personal credit, while taking out numerous loans with your business credit harms neither your personal nor your business credit.
What does business credit do? In addition to making it possible for you to obtain more money based on your business credit, being listed with a business credit bureau gives your company a better reputation and encourages lenders to loan you money. Vendors are able to contact the business credit bureau you are listed with and confirm that you are a reliable business that values making payments on time, thus encouraging vendors to work with you as well. Finally, establishing business credit allows you to monitor your credit as your business grows, paving the way for a successful and prosperous future.
If I'm a new business, can I start building business credit? Absolutely! The first big step in building your business credit is creating your business entity. LLCs or corporations are typically the best entity choices for this because they remove some of the liability from you personally. Next you will need to obtain a tax ID number/EIN and register with a business credit bureau. There are credit monitoring services and credit building programs if you need additional help, but they aren't absolutely necessary to getting your credit up and running. The most important thing is to pay your bills on time and set your business up properly. Let our online filing consultants help you get started! |
Business Highlight: Our chance to share our customer stories with you.
Condomania, America's first condom store, was established June 1991, in New York City. Condomania now operates a flagship retail store, a mail order division, and Condomania Online to help meet the needs of safer people everywhere. Condomania focuses on assisting customers of every age, sex, culture, and sexual orientation in the purchase of condoms and safer-sex products. Gone are the days of embarrassing drug store horror stories. Fading fast are those last-minute latex introductions. Today, women and men are becoming educated and proud customers of condoms, dams and lubricants. Condomania's innovative boutique features over 300 condoms from around the world, merchandised by style to help the customer choose from the variety products available. Condomania also markets scores of gift and novelty items that can be used to help initiate the discussion or enhance the practice of safer-sex.
Over the years, Condomania has made a difference in the lives of many concerned customers. The week following Magic Johnson's announcement of his HIV status, a group of mothers asked their employees to teach their sons how to use condoms. In New York, they participated in a Planned Parenthood conference on AIDS prevention for professionals from developing countries throughout Asia, Africa, and the Caribbean. In San Francisco, they helped 150 members of a stripper's union incorporate the love of latex into their acts. Needing information about the new polyurethane condom, the Director of the CDC California AIDS Clearinghouse invited Condomania to speak at a conference attended by the state's Advisory Council Members. Nationwide, thousands of people continue to confide in Condomania employees about their apprehensions and concerns. Encounters like these remind the company of the important role they play in helping people negotiate complicated decisions in the midst of a health epidemic. They are proud to have started a condom revolution and are committed to assisting customers into a safer tomorrow. |
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...and for a limited time, you'll also receive a free Quickbooks Simple Start & free DOMAIN NAME.
We're the experts in small business. You focus on your business and we'll help you make sure your business and your assets are protected.
MyCorporation - Entrepreneurs Welcome.
HURRY - OFFER ENDS SOON!
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FIND AN ACCOUNTANT
Let us assist you in finding the right CPA for you and/or your business at no charge.
We know that many of our customers need help with issues involving accounting and taxes. At no cost to you, we can help you find a qualified Accountant that understands your business.
CLICK HERE TO FIND AN ACCOUNTANT TODAY!
Questions?: Call our friendly & helpful team at 888-MyCorp-8.
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Network Solutions
& MyCorporation
team up to offer you a great deal on
"Business in a Box"!
We can help you get everything you need to get your business started and running smoothly in one simple place - Business in a Box!
Questions?: Call our friendly & helpful team at 888-MyCorp-8. |
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