4 Reasons to Get a Small Business Loan

Unsecured start up loans in CA, Unsecured no doc loans in CA, Unsecured start up loans in TX, Unsecured no doc loans in TX, LOANS FOR businesses that don’t show profit, Stated income start up or business loans, Start up loans without taxes and business plans, Working capital loans, Home based business loans, Non SBA loans, Funding a new business
It’s easy to think about the reasons why not, but your focus needs to be on reasons why you should!

Every business starts with a dream. Something triggers a lightbulb, an epiphany. You start to map out all of the details of what you will need and where your business will go. Conversations with your friends are all about the details, and it’s everything you can think about – this is your passion. You have been dreaming about this concept for quite some time, and you feel that you are ready to make it happen! However, there are always obstacles, and funding is often one of the biggest. Where can you get it from? Will you be approved? What happens if you can’t get it?

Consulting with the experts to find out if there is a way for you to be eligible for a business loan will answer these questions. It will help you navigate around many obstacles -in fact it allows you to set yourself up for success. In case you haven’t thought about it already, let’s consider some of the greatest benefits of getting a business loan.

1. Setting a Solid Foundation

You want to start out on the right foot, get all your ducks in order. Borrowing the funds to start your business allows you to purchase any equipment that you will need to run efficiently. This can include either technology in the form of computers or programs, basic office supplies such as paper, ink, and printers and of course a business space, furniture and even the aesthetic touches to cater your image to clients or customers. Having the funds available will allow you leeway to get things done right, from the start and purchase everything you need to get the show on the road!

2. Marketing Budget

What’s the point of getting everything set up correctly, putting your time into designing and executing your business model and opening your doors, if people do not know about you? Marketing is essential throughout every part of the business progression – especially for brand new businesses. Marketing is bigger than just having a Facebook Page or Instagram – it includes creating branding elements such as logos, headers, websites, print materials and ultimately building your brand using continuous efforts which are refined over time. Once those marketing fundamentals are set, there are various opportunities to utilize ads on both digital and physical mediums. Of course to be done properly, all of this requires a vital investment.

3. Stress Reduction

Stress is a killer. It can be a killer of productivity, patience, focus and dreams. Bringing all these pieces of your concept together is an important part of starting a business. It can often be a source of stress when you aren’t sure if you have the financial foundation available to you. Keep in mind that while you are setting up your business, you will also be supporting the basics of your lifestyle -rent, food, phone, gas, insurance, etc. Being able to support yourself and your new business properly without worry about whether you will be able to make the initial investments, frees your mind to focus on the next steps in growing your business.

4. Dreams Becoming Reality

This is the bottom line: Dreams require a little magic to bring them into the waking world. Who says that magic can’t exist for you? Business loans allow you to experience some phenomenal things, and you will be able to watch as your little concept becomes a huge reality. There is nothing more surreal, or more satisfying than realizing you are capable of creating a successful business. However, we all need “a little help from our friends” to get the ball rolling.

Getting a Business Loan

“Am I able to get a business loan?” -This is a very common worry that many new or potential business owners have. However, there is good news -you can often navigate around obstacles standing in the way of acquiring your loan. There are methods of getting start up loans without taxes or business plans, and loans for businesses who don’t show profit. Whatever your struggle is, we can offer a consultation to discover what is available to you! If you have good credit, there are great possibilities out there for you to take advantage of. So what are you waiting for? Make your dreams a reality!

Fight Superstition – Get That Loan, Start That Business!

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Get that loan with Unsecured Finances!

Black cats, ladders, salt, umbrellas, mirrors and the number 13… Oh my! According to a poll done by Gallup, 1 in 4 Americans are superstitious. This belief in supernatural causation tends to rise a great deal around Friday the 13th, bringing closeted believers out into the daylight. We see the effects of their beliefs in statistics across many industries by these individuals with “Paraskavedekatriaphobia”, or the fear of Friday 13th.

Is It Really Unlucky?

The term, “superstition” is generally perceived to be a drastic loss in the luck department, but in actuality it is any belief that some supernatural powers would be attached to an item or action which would affect your luck in either an increased or decreased fashion. Find a penny on the ground, good luck. Smashing a mirror, bad luck. Both are examples of superstition. The reason that “Friday the 13th” is considered more unlucky than, say, “Monday the 13th” is a topic with many different theories, as outlined in the USA Today article, “Why Friday the 13th is Known as a Day of Bad Luck”. However, according to Huffington Post’s article, “Why Friday the 13th is a Very Lucky Day Indeed”, it is argued that the day used to hold a much different value as, “up until the patriarchal revolution, both Fridays and 13s were held in the very highest esteem. Both the day and the number were associated with the Great Goddesses, and therefore, regarded as the sacred essence of luck and good fortune.”. Could this good fortune be a truth that has been overlooked?

Regardless of whether or not there are claims of bad luck tied with the day, what do statistics show?

Stock Markets

In an article on Business Insider called, “Here Are Your Not-So-Scary Friday the 13th Stock Market Stats”, Chris Adams is quoted on the positive influx the market has seen as an average throughout Friday the 13ths. He is quoted saying, “over the past 144 Friday the 13th days, the market has been up 81 times, averaging 0.6603% gain, the best being a 3.34% gain on Oct 13, 2000”. Yet another article on Market Watch,  backs this information up with more noteworthy tales of positive stock market uptick.

Lottery

While many are avoiding participation in events such as the Lottery this Friday the 13th, there are some wonderful tales of immense winnings during the notorious day. Among these stories are players of the Michigan Mega Millions Lottery, who since 2003, have won more than $171 million in jackpots from drawings on Friday the 13th. Williams Rogers of L.A. County, California, certainly has a more positive outlook about Friday the 13th, with his $555,555 win a couple years back – and this isn’t the first time he has won on a Friday the 13th! You can even ask Daniel Huck of Waterloo what his perception is of the “unlucky day”. After his win last October, he and 7 others won $40,000 a piece!

Traffic

Traffic is notoriously low on Friday the 13th, due to the amount of people who stay home to avoid being in harm’s way. This in turn affects foot traffic through brick and mortar businesses, therefor affecting their sales. The good news is, if you want a shorter wait time in line at Starbucks, maybe braving the negative folklore and venturing out into the open will prove to be a lucky experience for you and a quick cup of joe.

Perception

It really all comes down to perception. If you want to see something bad in a picture, you will identify characteristics that create what you are looking for, and the same goes for those who are looking for something positive. So while people are out there hiding from what they perceive to be potentially “bad luck”, take the opportunity to do something brave and make your own luck! Don’t let Friday the 13th be another reason for you to put off doing something that could change your life, be the success story to inspire others to do the same!

Perfect Day to Start a Business

So you have been wanting to start a business for a while now. You have the concept planned out, you have the location chosen, you know what supplies you need to build your foundation, and maybe you even have a few clients or customers chomping at the bit for you to open – what is stopping you? Don’t let this day be another excuse to put off your business, your dream.

In fact, if you are looking to start a business and you have been running up against problems finding a loan, we can help you navigate to a lucky solution with working capital loans, home based business loans, non-SBA loans, unsecured no-doc loans – we can find out what will work best for you! We love working with businesses who have good credit, but keep finding themselves up against obstacles for obtaining their funds. Don’t waste another minute, let us make your Friday the 13th the luckiest day of your business adventure!

 

Borrowing That Can Improve Your Credit Score

Startup BusinessA credit score is what makes the lenders decide whether or not a business is suitable for lending. It is calculated based on the business’s credit reports.

The credit score of your company, and the risk it represents, are inversely proportional to each other. A higher credit score means low risk and vice versa.

According to Consumer Finance your recent credit activity, among others, make up a typical credit score. So if you are looking for a loan to start your business, you may as well hit two birds with one stone and increase your credit score while you’re at it. Here’s how borrowing can help you:

Unsecured Loans

When you are starting a business, you’ll undoubtedly look for unsecured lenders. This means, the lender is funding you on the sole basis of your credit history. Credit bureaus consider unsecured loans better for credit. With no collateral being put up in the exchange, your business will have a higher asset to debt ratio.

Credit Lines

Credit lines refer to the additional amount that your creditor had made available to you, in case your business needs emergency funds. The trick to keeping your score high is to use only a small portion of the credit available. If the card is worth of $50,000 and you use $40,000, your score will drop considerably. Making regular payments and consuming smaller amounts is the gateway to a high credit score.

Loan on Installment

Installment loans have a major impact on our credit scores. If your credit score is preventing you from getting the interest rate that you want, you may be able to improve your score by adding installment loans to your mix of credit. Installment credits have a higher limit as compared to other kinds of loans, hence, if you take out an installment loan and use these proceeds to pay for credit cards, it might make a considerable difference in your score and enable you to get the interest rate you have been vying for.

Looking for a way to increase your credit score? Contact us at Unsecured Finances. With more than 400 lenders, your business can choose a method best suited to your business needs, and at the lowest rates possible.

Why You Need To Improve Your Credit Score

A credit score is a three digit number calculated on the basis of your payment history, currently owned loans, longevity of a loan, types of credit and your search for new credit.

A credit score is basically a quantitative result of your credit report – a summary of how high or low you’ve tested in your financial obligations.

It’s imperative to keep an eye on your credit scores since it is one of the most important features that allow us to borrow money when we need it the most and it’s always good to be prepared for the worst.

According to Forbes, people are more embarrassed to reveal their credit score than their weight. Why is that? Keeping good credit score will proof beneficial for your business and your personal life in the long run. Following are the reasons for keeping good score on your report:

  1. A good credit score means good interest rates, because the higher the score the more worthy you are of the loan. Lenders will provide you with better – lower – interest rates on the financing. That way, the total cost of borrowing will be substantially less than what it would have been, in case of a low credit score. So if you were planning to get loan to start a business
    loan
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    , this might be the perfect opportunity for you.

  2. A higher credit score places you in a better position to acquire unsecured personal loans to fulfill your personal goals such as getting a new car or buying a new house for yourself; which in the case of a bad score would have been near impossible.
  3. Improving credit scores can save you not hundreds, but thousands of dollars, in interest on your loans because good credit score means lower interest rates.
  4. Poor credit scores make it near impossible to get an approval for it, which is a major disadvantage for business owners who might need cash urgently to make some investments.

One of the prime methods to make a huge impact on your credit score is through borrowing unsecured loans. What will make it even better is by getting it at the lowest rates in the market.

Good credit score or not, we at Unsecured Finances can give you access to capital of up to 250,000 and within 7 business days.. No matter in which state you are, give us a call at 1-888-294-2584 and we’ll be at your service.

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