Up to $100,000 in capital you can draw on anytime, for any business need. No app, annual or access fees. Must have great credit. Open online today.
Business Checking | Business Savings | Line of Credit
SwiftFinancial.com/Business_Loans
Miles or cash rewards on your Business Credit Card. Apply now.
www.CapitalOne.com/SmallBusiness
Structure Your Business Loan. State Your Own Loan Terms And Rate
www.VirginMoneyUS.com
Competitive rates. Great service. Prompt - Professional - Reliable.
FirstCapital.com
100% Unsecured Loans. From $10K To $50K. 24 Hr Approvals. Call Us Now
www.UnsecuredSolutions.com
Helping businesses reach financial goals. PNC Advisory webinar series.
www.pnc.com/joinus
Unsecured Business Loans & Lines Up To $400K. 2Yrs in Bus. 680+ Credit
www.NobleBusinessLoans.com
Fast cash, no tax returns needed Easy to apply. Bad credit OK
www.GetInstantCapital.com
700+ Credit Required. Use for any purpose. $25K-$350K 1-877-777-9933
www.NationwideUnsecured.com
Loan Rates As Low As 6% APR. No Collateral Needed. Any Amount.
www.prosper.com
Award-winning academic report written by Mark van Osnabrugge of the Harvard Business School. Published on the Babson College Frontiers of Entrepreneurship Research page.
www.babson.edu
From the Federal Trade Commission - December 1994.
www.ftc.gov
Provider of assistance to entrepreneurs and small-business owners in obtaining capital, gaining support, finding government programs and getting expert help.
www.businessfinance.com
Site that aggregates financial rates and financial information to help business owners and individuals make informed financial decisions.
www.bankrate.com
Bank delivers timely and relevant financial and management services, with a focus on emerging and exporting sectors of the economy.
www.bdc.ca
Up to $100,000 in capital you can draw on anytime, for any business need. No app, annual or access fees. Must have great credit. Open online today.
Business Checking | Business Savings | Line of Credit
SwiftFinancial.com/Business_Loans (Paid)
Public company composed of subsidiaries specializing in small-business lending.
www.sbaloans.com
Provider of assistance to entrepreneurs and small-business owners in obtaining capital, gaining support, finding government programs and getting expert help.
www.businessfinance.com
Provider of assistance to entrepreneurs and small-business owners in obtaining capital, gaining support, finding government programs and getting expert help.
www.businessfinance.com
Online guide on federal loans for small businesses through the US Small Business Administration.
capitalfin.home.pipeline.com
Miles or cash rewards on your Business Credit Card. Apply now.
www.CapitalOne.com/SmallBusiness (Paid)
Resource for business credit information, news, tools, books, credit associations and discussion groups.
www.creditworthy.com
Firm helps entrepreneurs and investors create, build and fund promising early-stage technology companies.
www.garage.com
What is a 401k? Free 401k information and 401k advice to help guide your small business.
www.theonline401k.com(Paid)
Provider of loans to small businesses through the US Small Business Administration's 7a Program.
sba.governmentloans.com
Quarterly study of equity investments made by the venture capital community in private companies in the US.
www.pwcmoneytree.com
Purchase or broker notes, contracts, mortgages, annuities, lottery winnings, settlements and any other cash flow.
www.nationalcontractbuyers.com
Comprehensive source of personal and commercial finance-related services.
www.nfsn.com
Provider of information for entrepreneuers and investors in startup and small-business firms.
www.sacareavcnetwork.com
From the US Small Business Administration, this site provides listings of loan programs, forms, statistics and investment information.
www.sbaonline.sba.gov
Electronic gateway of procurement information about small businesses. Provides a search engine for contracting officers and a marketing tool for small firms.
pro-net.sba.gov
Internet-based database of information on small, disadvantaged, 8(a), HUBZone and women-owned businesses.
pro-net.sba.gov
Guide to the services that are offered to small businesses as well as resources and tools for small businesses.
www.uschamber.com
Structure Your Business Loan. State Your Own Loan Terms And Rate
www.VirginMoneyUS.com
Competitive rates. Great service. Prompt - Professional - Reliable.
FirstCapital.com
100% Unsecured Loans. From $10K To $50K. 24 Hr Approvals. Call Us Now
www.UnsecuredSolutions.com
Guide to Financial Services for Small Business
Find help for financing, insurance, retirement and cash flow needs- Come up with favorable financing terms.
- Get adequate, competitively priced insurance.
- Maintain a strong cash flow.
- Develop an employee benefits package that will attract and retain talented personnel.
- Find the best retirement plan options for you and your employees.
Action Steps
The best contacts and resources to help you get it done
Choose a bank that caters to small business
Several nationwide banks have begun offering banking services and other financial services that are tailored to meet the needs of small business customers.
I recommend:
Wells Fargo and Bank of America offer full-service banking services for small businesses in addition to other financial services.
Loans and leasing
Banks aren't your only source for financing. Several financial services firms offer a variety of lending and leasing programs that include inventory financing, equipment leasing, business vehicle leasing and more.
I recommend:
The business finance department of GE provides a full menu of financial services, including business lending and leasing. CIT provides lending and leasing solutions for start-ups and smaller companies.
Credit cards and lines of credit
One of the most important financial decisions you'll make is which credit card to carry. Look for providers who offer products and services geared to small businesses.
I recommend:
American Express and Visa offer credit cards and lines of credit for small businesses among other services. MasterCard offers four credit card programs for small businesses.
Factoring
Consider factoring as a possible cash flow solution. You sell your accounts receivable and skip the whole loan-application process.
I recommend:
Facteon requires no ongoing contracts and can provide cash for a single invoice or for all your invoices. For a full-service factor that acts as your credit department, bookkeeping department and collection department, try JDFinancial.com, which works with start-ups and established businesses.
Insurance plans
Workers compensation insurance, liability insurance, commercial property insurance, health insurance — there's no shortage of insurance needs when you run a small business. Look for a financial services firm that can handle all your insurance needs.
I recommend:
Among its wide array of financial services for small businesses, Wachovia offers a number of business insurance solutions to meet your needs.
Employee benefits plans
Developing a strong employee benefits package can help you attract top-notch talent. Choose a financial services firm that can help you with this critical HR plan.
I recommend:
ING offers a slate of financial services for businesses, including the selection of health insurance and other employee benefits.
Retirement plans
Choosing a retirement plan for your company can be confusing. Get help from a financial services firm that offers a wide selection of plans.
I recommend:
Fidelity and Vanguard are among the hundreds of companies eager to help you set up a company retirement plan. Merrill Lynch and Schwab also offer a number of options geared specifically to small business owners and their employees.
Tips & Tactics
Helpful advice for making the most of this Guide- Commercial banks may be more familiar with business loan requests, but a community bank may know you personally and feel assured of your ability to repay the loan.
- If you have access to a credit union, you can most likely borrow money at a better rate than from other lenders.
- Commercial finance companies often provide loans to buy inventory and equipment. They charge higher rates than banks but will more likely approve your loan.
- Short-term loans (less than a year) come in handy for seasonal buildups in accounts receivable or inventory.
- Business owners' life insurance comprises an integral part of planning, especially in the event of death of a sole proprietor.
- Simplified Employee Pension plans (SEPs) can provide significant income at retirement for an owner and employees.
