Unsecured Small Business Loans Mean Higher Interest Rates

Interest rates are one of the big differences between secured and unsecured small business loans. Because your loan is secured with collateral, secured loans tend to have much lower rates than unsecured loans. The lender needs to have some sort of incentive to give an unsecured loan, and they do this by generating a larger profit through higher interest rates. 

The terms you agree to for repayment, make a big difference in whether or not you’ll want to do a secured or unsecured small business loan. If you plan on repaying the loan immediately and in full, you don’t need to worry about being charged interest, so the high rates on an unsecured loan won’t matter. 

If you’re not in a position to immediately repay your loan and it looks like you’ll be accruing some interest it may be better to seek a secured loan. When this isn’t an option, remember that you can also seek lines of credit or business credit cards as business funding solutions. 

The interest rates aren’t the only thing to consider when weighing the pros and cons of unsecured small business loans. You should make sure that you consider all types of business funding before making a decision on applying for an unsecured small business loan.  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something that I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 877-622-7439.

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Put Some Thought into Your Business Name

While it is possible to change your business name later on in your existence, it’s best to pick a good one first to avoid the hassle. To minimize the need to rename your business, careful thought is necessary when planning your original name. 

First, consider how the name looks on paper and sounds when said aloud. These 2 uses can be the difference between a serious name and becoming the butt of many jokes. Something that looks good on a business card may be hard to pronounce out loud. 

One of the goals of having a good business name is to have something your clients will remember. Don’t go for a long, complicated name that’s impossible to memorize. Short and catchy is the key to having your clients refer to your business by name in casual conversation (and that’s great marketing!). 

You also want to think about your options for an Internet domain. Long, complex names don’t often translate well into a URL. Even more importantly, if your business name is multiple words check to see how they look squished together (remember, URLs don’t have spaces!). Many businesses have lost face when registering URLs because combined words turned out to spell some pretty embarrassing phrases. 

Remember your business name for the most part is with you for the long haul. You want to get it right the first time to avoid the hassle of losing your reputation later because you had to change names. Choosing a good business name can benefit your business in many ways, just like the Cash Flow Experts program!  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 1-877-622-7439.

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Your Start up Needs Determine Your Start up Funding

The types of start up materials and needs are different for every business. These needs are varied across the many industries in our country and they can have a great impact on your start up funding needs. Once you figure out your estimate of start up expenses, you’ll need to decide on what type of business funding works for you. 

There are several categories of start up expenses from tangible goods, like raw materials, to professional services, like legal consultations. Some forms of business funding may be better for you to start with than others. You may want to seek multiple funding channels to meet your start up cost needs and diversify your newly established credit history. 

For purchasing smaller amounts of tangible goods, like office supplies, business credit cards will be your best choice. Larger expenses like down payment on rent, business insurance, and initial payroll will come from lump sum funding like unsecured business loans. Lines of credit can also be helpful for larger purchases like manufacturing equipment. 

You’ll want to estimate your start up needs and place a dollar amount on those items before you start estimating your start up funding needs. Once you know how much you’ll need, talk to the Cash Flow Experts system to find out how you can obtain it!  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something that I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 877-622-7439.

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Know When Specialty Business Credit Cards are a Good Idea

Just as diverse as the world of small business is, so is the world of business credit cards. Almost every industry has at least one lender offering a special business credit card tailored to your businesses’ needs. 

Probably the most common type of specialized business credit cards is gas cards, also known as fleet cards. If your small business has a good amount of company vehicles your employees use for work purposes you may want to consider fleet cards to help manage transportation expenses. 

There are just as many choices for fleet cards as there are for normal business credit cards. The major oil companies have their own cards, and there are other lending institutions that also have cards to offer. Some handle only fuel purchases, while others can be used for any vehicle-related expenses such as maintenance and equipment. 

Fleet cards act just as a normal credit card in that you have a spending limit and must pay your invoice to avoid fees and penalties. This type of business funding also impacts your business credit score so it’s important to pay your account off completely and immediately to help keep your credit score looking good. 

Remember to research all of your business funding options before deciding on a method such as fleet cards. If you don’t do a lot of business-related driving this would not be the card for you. Thomas Kish and the Cash Flow Experts system can help you determine the right business credit cards as a source of business funding. 

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something that I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 877-622-7439.

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Make Sure You’re Seeking the Right Small Business Loans

When you’re thinking about small business loans, you need to first decide exactly what kind of loan you’re seeking. There are a few options you should discuss with an expert like Thomas Kish or the Cash Flow Experts system. 

Unsecured small business loans are the most popular and easiest type of business loan to obtain. They require no collateral and are usually approved much faster than secured loans. The tradeoff is that they have higher interest rates and stricter terms than secured loans. This means you’ll want to pay the loan back as soon as possible and in full to avoid high interest charges. 

Secured small business loans are harder to obtain but better for longer-term borrowing. They require some type of collateral to obtain – usually property or a security deposit – which can potentially put a risk on your business assets. This may not be an option for all businesses, so it’s good to research this ahead of time. 

There are also other types of business funding to investigate before entering the world of small business loans. Lines of credit, venture capital, and business credit cards are just a few of the options that may be available to you. 

Don’t let the world of small business loans scare you. With the tips we provide for obtaining small business loans at Cash Flow Experts, plus the guidance of business funding expert Thomas Kish, you can demystify this world and get the funding you need.  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 1-877-622-7439.

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A Good Marketing Plan Can Help Estimate Start Up Costs

Part of estimating your start up costs should include planning for a marketing budget. It’s hard to get a new small business up and running without promoting it to potential clients. There are a variety of marketing methods — some free, some cheap, and some super expensive. 

The methods you use to spread the word about your new small business will determine not only the success of your business, but also the amount of start up funding you’ll need to obtain. A good, detailed marketing plan can help you estimate just how much funding you’ll need to get your business out in front of the eyes of your clients. 

There’s a big difference between the cost of a Facebook campaign versus a full 30-second TV ad on a major network. This means there’s also a big difference in the amount of start up funding you’ll need to acquire before you can go the latter route of marketing. 

A well-developed marketing plan can help you realistically estimate the costs associated with promoting your business to customers and clients. To reach your business goals you need clients, and to attract clients you need marketing. It’s a life cycle all businesses deal with, so why not make it easier with Thomas Kish’s knowledge shared in Cash Flow Experts?  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in the know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit reports may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something that I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 877-622-7439.

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When a Secured Loan is a Very Good Option

If you are able to provide the collateral necessary to obtain a secured loan, this can be a very good option if you are not planning on repaying it immediately. One of the benefits of a secured loan is that it typically has a much lower interest rate than an unsecured loan, making it a better option for longer term repayment schedules. 

If you’re an established business looking to upgrade equipment, expand your office, or hire more employees, you may need a loan to handle these initial costs. Once the enhancements have taken place, you’ll hopefully begin seeing increased profits, but these things take time. 

A secured loan can allow you the funds to make these initial upgrades without worrying about accruing high interest charges during the time it takes your enhancements to turn an additional profit. The lower interest rates means you can choose to have a bit longer loan term without owing too much additional interest on your principal loan. 

Of course, you should explore all of your business funding options before making a decision to take out a secured loan. There are pros and cons to using secured loans for business funding and this option isn’t for everyone. The Cash Flow Experts program can provide you with several options to obtain the funding you need to start and expand your business.  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 1-877-622-7439.

Posted in Small Business Financing | Tagged | 5 Comments

The Protection of an LLC is Worth The Hassle of Filing

Perhaps the major reason business owners form an LLC is to protect their personal credit. This simple act of removing liability from your own personal credit is completely worth the hassle and time it takes to file for approval as an LLC in your state. 

When building business credit, you often do not want to let your personal credit interfere with this process. It works both ways – you may have great personal credit that you don’t want ruined, or you may have poor personal credit that you don’t want hindering your business. No matter your reasoning, by forming an LLC you can keep business and personal credit separate. 

Another reason for forming an LLC is to protect you personally from being held liable for any damages your company does to others. This can keep you out of the courtrooms when it comes to personal injury claims and many other types of litigation. A few hours of paperwork and filing fees can be worth it when it saves you from life-long consequences of legal actions! 

Filing your business as an LLC doesn’t have to be as much of a hassle as you may think. By following a checklist of steps when starting an LLC you can make sure you’ve got the process down pat. Once your LLC is up and running, you’ll find establishing business credit is much easier with the additional documentation and planning you handled during the LLC filing process.  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 1-877-622-7439.

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Are government loans the right option?

Recent government legislation like the Small Business Jobs Act has created funding for banks and government programs to help thousands of small businesses obtain business loans. Just like any loan, they will come with interest rates, terms and conditions, and you will have to eventually pay them back before borrowing more. 

Government loans are not free money from the government – they are still LOANS. Loans that must be repaid by the terms expressed on your loan agreement. Each case is individual, and the interest rates you get may not be your best option when seeking business funding that works for you. 

When applying for these stimulus loans you’re not going to get the personal consideration and attention you would when you consult with a business funding professional. The Cash Flow Experts program, masterminded by business funding guru Thomas Kish, has been designed to give attention to your small businesses’ unique needs. 

Many small business owners can get overly excited when they hear of government legislation providing assistance to help grow small businesses in America. However, you need to understand how these programs work and if it’s the right fit for you. Cash Flow Experts can show you many more options for business funding that may be a better fit for your financial future.  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leader’s in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something that I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 702-284-5806.

Posted in Small Business Financing | Tagged | 2 Comments

When do unsecured lines of credit benefit small businesses the most?

A small business line of credit isn’t always the best option for all businesses, but it can be an ideal fit for retail and seasonal industries. Unsecured lines of credit are not business loans, but rather open accounts with a lender that allow you to borrow against a set amount of funding. 

The revolving method of borrowing and repaying amounts of money make this type of business funding ideal for businesses that need scheduled infusions of cash. The types of businesses most commonly needing this facility are retail, production, and seasonal businesses. 

Retail businesses benefit from unsecured lines of credit because they can use the availability of funds to purchase inventory in advance to prepare for certain events. For retail stores that see an increase in sales during the holidays or other seasonal events, this can be a great way to make sure the necessary stock is available to fill the need. 

Production businesses such as bakeries and other establishments that rely on raw materials to produce their goods can also benefit from a small business credit line. When materials are purchased in bulk they are often cheaper, saving money in the long run. Unsecured lines of credit can allow you to buy better priced materials so you are ready to produce at a higher profit. 

Seasonal businesses have periods of profit and down time associated with tourism, weather, and other influences. Knowing these trends can not only help you prepare for your fiscal year, but also allow you to know when a small business credit line is right for you. Having an open account like this allows you to take money only when you need it and be able to repay it as necessary. 

There are many other benefits to using unsecured lines of credit to help your small business grow and prosper. The Cash Flow Experts program can help you establish these types of accounts and explore many other types of business funding.  

How Thomas Kish’s Cash Flow Experts System Can Help 

Business leaders in-the-know use Thomas Kish’s proven system to learn how to create a separate business identity and secure the “no guarantee” business lines of credit they need to grow their enterprises, despite what their personal credit report may say! 

As an author, teacher, business consultant and an active investor operating 25 diverse businesses, I fully understand the importance of developing a business line of credit and it’s something I can share with you! My trademarked program gives you the tips and tricks you need to learn how to acquire unsecured lines of business credit and business funding to get your dreams off the ground! Order this FREE software to get started today or call 1-877-622-7439.

Posted in Small Business Financing | Tagged | 1 Comment