Month: July 2021

Senior Debt Loans: What Are They and Are They For You?

What is Senior Debt?

In finance, senior debt, frequently issued in the form of senior notes or referred to as senior loans, is debt that takes priority over other unsecured or otherwise more “junior” debt owed by the issuer. Senior debt has greater seniority in the issuer’s capital structure than subordinated debt.

One of our most popular products is the senior debt loan. This is a loan that buys out all other business loans that have high interest rates.  One business loan that buys out all your high interest rate MCA loans, accounts receivable loans and working capital loans into a monthly lower cost payment.  High interest rate payments are eliminated to stabilize your business cash flow.

Loan sizes above what’s being paid off is allowed.

ELIGIBILITY REQUIREMENTS

Credit score min – No credit score minimum, but obviously the better it is, the better the outcome

Inquiries -Unlimited

Previous credit history – No bankruptcies, repossessions or major late pays

Time in business – 2yrs +

ASSETS NEEDED

Assets are not always needed depending on the business. However, assets will be helpful in lowering the interest rate and increasing the loan size.

DOCUMENTS NEEDED TO CLOSE

2 years of business taxes

Current year of financials=Profit and loss + Balance statement

Accounts receivable (if available)

LOAN SIZES

$500,000 TO $10,000,000

RATES

14% to 19% monthly payments

TERMS

2-4 years.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584


Are Business Loans a Good Idea in 2021?

Business Loans in 2021 – Are they a good idea?

Business loans have been a big question mark in the past year and a half… Business owners and small business owners alike have been asking themselves where to get a business loan or a small business loan, how long it will take to get a business loan, what type of business loan to apply for, how much they can get in their small business loan, and if it is even worth it to apply for a business loan.

We believe that a business’ growth depends on the investment they make it them. From marketing costs, to equipment, client resources, software and more, businesses need to spend money to make money. Yes, we know it sounds cliche, but it’s true. Unsecured Finances is determined to help businesses acquire as much funding as needed to get their business up and running or keep it growing, especially after this pandemic has made things so difficult for business owners. 

Unsecured Business Loans and Lines of Credit

Our unsecured business loans or business lines of credit are paid back once a month amortized up to 10 years to give clients the flexibility of borrowing large amounts of capital and paying it back over an extended term.

They are NOT daily payments loans, MCA loans, or cash advance loans.  They are NOT amortized over 6 months to 12 months.  We provide long term business financing ONLY under the EIN number of the corporation, limited liability company or DBA without affecting the clients personal credit reports and scores.

What Makes Our Company Different From Everyone Else?

All clients go thru a discovery process with one of our trained staff.  The discovery process is where we ask you a serious of questions and give you the honest truth about your file.  Our staff will figure out all the different financing options for you.  Each clients situation is different.  Clients are in different industries and have different credit scores, gross sales, revenue and profit margins.  They make and show different amounts of income depending on corporate structure, equity and fluctuations in cash flow.  Business funding is not a one size fits all model.  This is what our trained staff is here to determine.  Our capital comes from hundreds of different sources (Banks, wholesalers, crowdfunders, private lenders and investment groups)  and they all have different underwriting criteria.  This is why the discovery process is needed.  If you are looking to end your daily payment MCA loan or looking for a longer term flexible business financing program we just might fit your needs!

Product Highlights

Business owners, Partners, LLC’s and 1099 contractors will not be required to show tax returns, pay stubs or other proof of income for some of our programs. Income is stated and not verified.

Our unsecured business loans create higher cash flow for businesses because they are fixed rate monthly payments not daily payments.  Unlike a factoring loan which is paid daily our loans are paid once a month and allow business owners a longer payback term (up to 10 years) so they can use the capital more efficiently. (Credit and state will vary. Call for details)

Call Us at 1-888-294-2584 and ask to speak to one of our loan specialists today!

Show Your Team Love

2020 and even 2021 has been a difficult time for a lot of businesses, it’s true, but what about the teams? The people who keep the business going and drive the process forward? From being moved to remote work, the uncertainty of their jobs, coming back into a new work environment with masks and new rules… So much has changed and now it is time more than ever for business owners to show appreciation to their hard working team. 

Nothing is worse than working hard in uncertain times and not getting any acknowledgement. People start to wear down after a while and acknowledgement will help to keep them going. 

Creating a loving workplace all starts at the top, and it requires strategy, planning and deliberate effort. The idea of showing love and affection to your employees can be intimidating. It’s a lot easier to play the stern, invulnerable taskmaster whose only concern is the bottom line. It’s a lot less rewarding, too. Here are nine ideas for opening your heart to the folks who do so much to make your business dreams a reality.

1. Know Their Stories

One of the best ways that you can let someone know that you appreciate and care about them is to take a genuine interest in where they came from, and their story. Getting to know your team individually will not only help you to understand the best ways to communicate and motivate them, but it will also demonstrate that you take a genuine interest in them as part of your team. 

2. Acknowledge Individual Contributions

No one wants to feel like their contributions are in vain. Make a deliberate effort to pay attention to the parts that individuals in your team play and how they go the extra mile to add to the success of your business. When people don’t feel that their efforts are being recognized, it’s only a matter of time before they cease to go that extra mile. It’s wonderful to recognize the whole team when productivity is high, but it takes a more concerted effort to dig deeper and see who is really doing the heavy lifting. Make sure those people know they are appreciated. 

3. Wine & Dine Them

Just like you will take a client or a new networking partner out to a fine dining experience, taking team members out will make them really feel like the spotlight is on them. Everyone likes to be wined and dined, it makes them feel special and appreciated, and your team members are no different. Take them out to celebrate a specific “win”, or just to applaud their overall performance – it is a great way to show that you care.

Regular One-on-Ones

It happens in so many companies, yearly evaluations being thrown to the wayside. Feedback is so important, it’s how we grow and evolve in our performance, the last thing businesses should do is “forget” to have conversations with their team members. Furthermore, yearly evaluations are fantastic, but quarterly is even better. Depending on the size of your team, quarterly may not be an feasible option, but the point is that the more frequent you can have those sit downs, the more your cohesive your visions will be, and your team will feel cared about. 

5. Make Time for Them

Yes, the days are long and busy, but being present is a huge morale booster for your team. Let them know that you care enough to make time for them, especially the important issues. You want to foster a workplace that values communication, and this is a great way to let them know you care about them – by caring about their concerns or their ideas. This doesn’t mean you have to drop everything to let them come by and chit-chat, it just means that you will make the effort to give them your ear when it is a matter they feel very strongly about. 

6. Tell Them You Appreciate Them

It may sound simple and obvious, but maybe that’s the reason it becomes overlooked – tell your team you appreciate them, all the time. You can leave little notes, you can tell them in person – Just make it happen. Never underestimate the power of words! 

Make it Happen

However you decide to show your team members that you care, just make sure it happens and happens often. Showing appreciation is the fuel that keeps your team energized and productive! People need recognition and to know that they are valued, so be the source!

We Help You Get the Funds to Invest!

With the opportunities for small businesses booming, why wait another moment. What else is keeping you down? Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Marketing Success to Boost Your Business

When it comes to the success of your business, your marketing really impacts the movement of your products or services. It’s all wonderful and great if you have something worth promoting – perhaps the best thing out there – but it won’t matter at all if no one knows about it! Investing in your marketing strategy makes all the difference.

It’s never too late to begin, and your business will thank you for it. So where to begin? We have a few tips to help you know what efforts your marketing dollars should be focusing on. Don’t have any marketing dollars? Oh, why we can certainly help you out there!

Branding

Who are you as a business? What is your voice, feel, vibe? What are your values, your mission? At the very least, do you have a logo? To use a great designer with imagination and skill, it could cost a pretty little penny to get your business an entire “branding suite”, but we can promise that it’s well worth the pricetag. Your branding determines the initial perception that your audience has about your business. It communicates so many things, most of which is how professional you are. If a potential customer or client sees a sloppy, old, outdated logo, that’s the perception they will have about your business – sloppy, old and outdated. Your branding gives you a certain amount of control over the first opinion someone has about your business, so take charge and invest in good branding. 

Social Media

At this point in the game, if your business isn’t on social media – shame on you! There are an extremely extremely limited amount of industries that are the exception to this rule, and we would wager to guess that you aren’t one of them. That being the case, getting the basics of your business onto social media is not a matter of dollars spent, just time. Depending on your business, some social media platforms may be a better fit for you than others, so do your research. It’s not even a matter of being on all the platforms, just the select few that will most likely benefit your business. This is a great example of where your branding investment will come into play. The goal is to use your branding suite across all social media platforms and your website, to maintain a professional look through consistency. If executed well, you just made your business that much more appealing. 

Videos and Photos

The next step to leveling up all of your marketing – from social media platforms, to website, to print marketing and future advertising – is getting good photos and video. We are living in a very much visual society these days. Your audience likely has a large portion with a very short attention span, and they say on average you have 3 seconds to get someone’s attention. Strong imagery is where it’s at. For some industries, they opt for stock photos, but let’s be honest – there comes a point where another business (if not many others) have the same photos as you. It’s one thousand percent more effective and personal to hire a professional photographer to photograph your business periodically, and even take video. Whether it’s product photos, location or business facility images, or staff and customer interactions, there are unlimited amounts of opportunities to capture the essence of your business through good solid photographs. 

Paid-Ads

Once you have all the previous marketing investments in place, all those pieces lay a strong foundation for your paid-ads. Many people don’t think about the cost of paid ads when they sign up with a marketing company. Most often, there is not a built-in budget, and the ad budget is determined by the client after consultation with the marketing company. While a proper ad budget can cost you, it’s one of the greatest utilizations of your marketing budget. When ads have the right amount of backing, magic happens. 

While these are just a few pillars of your marketing strategy, there are so many other elements to evolve and elevate your business – it all comes down to budget. However, marketing is one of those vitals parts of your business that you can’t afford to skip. Fortunately, we can help you invest into your marketing by assisting in getting you the funds you need!

Looking to Start a Business?

With the opportunities for small businesses booming, why wait another moment. What else is keeping you down? Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

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