Houston, Texas: Big Opportunities in Small Business

Top 5 Small Business Investment Opportunities in Houston

Texas, the Lone Star State, is known for oil, heat waves, and George W. Bush. Aside from those facts, Texas is also a great place to start a business; Houston in particular is a very fertile ground for small businesses. So if you are in Houston (or willing to relocate) and are looking to start a business that will thrive for years to come, there are many options to choose from. Here we have created an inspirational list of the top 5 business opportunities! 

1. Artsy boutique

Many people in Houston love artsy clothing, so there is huge demand for these special wears. You can make a lot of money by starting a small business that sells artist-designed clothing for men, women, and children, as well as accessories like jewelry, ties, and cufflinks. You can also offer custom-designed pieces.

2. Real estate

This business is a money-spinner everywhere. In Houston, there is good demand for all types of property, such as homes and other facilities. Real estate development and property leasing are particularly very lucrative. So, if you have both the startup capital and know-how required to venture into this business, you will be made within a short period.

3. Chocolate store

Houston residents are chocolate addicts, so there is a lot of money to be made in Houston from chocolate sales alone. You can open a store that offers everything from chocolate truffles to chocolate-dipped fruit to chocolate pizza. You can make them even more compelling by turning them out in various shapes—computers, animals, cars, and so on.

4. Pet care

Many residents of Houston have dogs and other pets. So, there is huge demand for pet care services. If you love animals and can take good care of them, then consider starting a business that caters to pets in a way. You can start a pet-sitting service, a boarding facility for pets, a pet food processing business, and so on. Whichever aspect of pet care you choose to venture into, you’re sure to make cool cash.

5. Car wash service

A huge fraction of Houston residents are car owners, which means there is an alluringly high demand for car wash services. No one likes to be seen cruising around in a dirty car, so car owners will readily pay you to wash and make their cars sparkle once again.

If you have no problems with getting your hands wet and dirty, then this is a cool business opportunity for you. Better yet, you can hire someone else to do the washing while you take a cut off each pay.

Looking to Start a Business in Houston?

Businesses are always evolving, and keeping an eye on the trends is one of the best ways to make sure to take advantage of the trends that are relevant to your industry. If you haven’t already started a business, maybe one of these trends will inspire you to create an entire new business.

With the opportunities for businesses booming, why wait another moment. What 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

Business Trends in Houston, Texas


A positive outlook on industrial development is not just apparent in the Southeast submarket, but can be seen throughout the entirety of the Houston Metro. The staggering amount of products being built is likely due to several trends, both at the market and national levels. Despite oil being down over the past year, Houston added the third most jobs of a major MSA in 2018, signifying overall market health is not as dependent on the energy sector as prior years. Intuitively, job growth is a causal factor of the population growth Houston experienced last year. 

The increased population, compounded with the prevalence of e-commerce, creates the need for more final-mile logistics facilities. The population growth is also positively correlated with land prices. While land is getting more expensive, and interest rates are remaining relatively low, developers are choosing to build now in anticipation of Houston’s projected growth.

Vacancy 

The Industrial vacancy rate in the Houston market area increased to 5.8% at the end of the first quarter 2019.  The vacancy rate was 5.6% at the end of the fourth quarter 2018, 5.6% at the end of the third quarter 2018, and 5.4% at the end of the second quarter 2018. 

Flex projects reported a vacancy rate of 9.7% at the end of the first quarter 2019, 9.2% at the end of the fourth quarter 2018, 8.9% at the end of the third quarter 2018, and 9.1% at the end of the second quarter 2018.

Warehouse projects reported a vacancy rate of 5.5% at the end of the first quarter 2019, 5.3% at the end of fourth quarter 2018, 5.3% at the end of the third quarter 2018, and 5.1% at the end of the second quarter 2018.

Rental rates 

According to CoStar, the average quoted asking rental rate for available Industrial space was $7.44 per square foot per year at the end of the first quarter 2019 in the Houston market area.  This represented a 1% increase in quoted rental rates from the end of the fourth quarter 2018, when rents were reported at $7.39 per square foot. At the end of the first quarter 2019, Flex rates were $10.04 per square foot, while Warehouse rates stood at $7.05. 

Absorption

Net absorption for the overall Houston Industrial market was positive with 2,000,490 square feet in the first quarter 2019 but down from positive 2,416,742 square feet in the fourth quarter 2018. Third quarter 2018 was positive 2,972,855 square feet, and positive 957,709 square feet in the second quarter 2018.

Tenants moving into large blocks of space in 2019 include: Home Depot moving into 770,640 square feet in the Grand National Business Park. Plantgistix moved into 337,040 square feet at 5623 Ameriport Parkway in  Baytown and Norlyn Enterprises moved into 134,900 square feet at 9800 Derrington Road. 

Positive net absorption was most prominent in the North, Inner Loop, South and Southwest Corridors. New inventory was delivered in the Northwest Corridor which resulted in a negative net absorption.

The flex building market recorded net absorption of negative 120,275 square feet in the first quarter 2019, compared to negative 136,144 square feet in fourth quarter 2018. Third quarter 2018 was positive 198,2015 while second quarter 2018 was negative 129,603 square feet.

The warehouse building market recorded net absorption of positive 2,120,765 square feet in the first quarter 2019 compared to positive 2,552,886 square feet in the fourth quarter 2018, positive 2,774,650 in the third quarter 2018, and positive 1,087,312 in the second quarter 2018.

Looking to Start a Business in Houston?

Businesses are always evolving, and keeping an eye on the trends is one of the best ways to make sure to take advantage of the trends that are relevant to your industry. If you haven’t already started a business, maybe one of these trends will inspire you to create an entire new business.

With the opportunities for businesses booming, why wait another moment. What 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

Innovation in the Sunshine State

It’s exciting to watch the entrepreneurial landscape grow not only in Silicon Valley but also elsewhere throughout the United States. Florida is just one of many states with a healthy entrepreneur eco-system.  Florida’s startup landscape is vibrant, diverse and worth taking a look at. 

Of course, Florida serves as a haven for more than just budding entrepreneurs. A few examples include Ginio.com, which is based in Miami. Ginio is a company that builds social applications that facilitate both ecommerce and online to offline commerce with the help of a vertical search system that allows users to find and compare products with friends and indulge in self-expression by creating shared wish lists.

DisputeSuite, which is based in Tampa Bay, is a company that develops niche technology and education services to assist credit repair companies with the management and growth of their businesses.

Then there’s AppRiver, a Gulf Breeze based company that provides businesses of all sizes with a simple Web security solution that incorporates the latest available spam and virus protection, email encryption and Web security.

That’s just a sampling of the many different companies that Florida’s entrepreneur eco-system has produced. Two very successful companies that are a part of that rich eco system are Tampa Bay based Cableorganizer.com, one of the world’s leading purveyors of cable and wire management-related products, and Middleburg based Pragmatic Works, a company that seeks to make technology easy to use and learn.

Is Your Innovative Idea Ready to Find its Home in Florida?

Businesses are always evolving, and keeping an eye on the trends is one of the best ways to make sure to take advantage of the trends that are relevant to your industry. If you have an innovative twist on a trending business concept, or keen intuition to a brand new idea that is needed in your community, start taking steps towards developing your business!

With the opportunities for businesses booming, why wait another moment. What 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

Now Trending 2019

If you want your business to grow, you have to keep your eyes on which new products, services and marketing strategies are trending and why. Research is crucial to making sure that your business is evolving and leveling up to continued success. We have done a little digging and found 5 of the top trends in business. Take a look and see if any of these trends may fit nicely into your business strategy!

1. Behind-the-Scenes In-Store Experiences

The viral 2018 John Lewis holiday commercial from the UK department stars Elton John, who performs Your Song, as well as revisits moments from his career and childhood. As a companion piece to the advertisement, John Lewis created an in-store experience that lets shoppers go behind the scenes of the Elton John Christmas ad. 

The in-store experience includes pianos, a recording studio and even items for dressing up and truly immersing oneself in the scenes. Additionally, people are able to pick up merchandise from a pop-up shop selling items such as Elton John t-shirts and vinyl records. 

Although there is a ton of work that goes into the making of shiny Christmas commercials, displays, events and products, consumers are rarely presented with a glimpse of behind the scenes, which makes this seasonal in-store experience a standout.

2. Female Entrepreneur-Supporting Programs

The technology market is notorious for being male-dominated, so the Apple Entrepreneur Camp has been announced by the company as a new endeavor to support female-driven businesses. Set to start a pilot session in January 2019, the camp comes as the first-of-its-kind and is focused on providing specialized support as well as continuous mentoring. This new endeavor seeks to help app-driven businesses that are owned or led by women that might need additional support to excel in the market.

The Apple Entrepreneur Camp is part of the increasingly inclusivity focused market environment where establishments are seeking to offer entrepreneurs with much-needed support that could offer a competitive edge against competition. The program is presently accepting applications and is likely to come as welcome news to female entrepreneurs in the technology sector.

3. Homelessness-Combating Social Businesses

Boston nonprofit More than Words is on a mission to positively impact communities by employing at-risk youth, individuals aged 16 to 24 from the foster care system and those without a home. The multifaceted organization is dedicating to lowering homelessness rates and supporting youth in the next stages of their career. 

The Boston nonprofit resells gently used books that can be purchased both instore and online. There are about 70 people working there for about 20 hours a week. They are tentatively trained and earn minimum wage for their efforts. In addition to this, More than Words dedicates the second floor of its building to guidance for future job interviews, driver’s license applications and academic degree candidacy. 

The Boston nonprofit’s store is the perfect place to turn for thoughtful gifts for loved ones.

4. AI Browsing Shopping Extensions

‘Shopbrain’ is a web browser extension that can be activated to automatically search thousands of stores to find the best price and save consumers tons of time. For the holiday season this year, Shopbrain is introducing its newest product in the US and Canada as an AI-powered shopping assistant. 

With artificial intelligence, Shopbrain searches over 10,000 retailers, search engines and merchants to compare prices from various sellers and help consumers feel confident about making their final purchasing decision. As James Cunningham, CEO and Co-founder of Shopbrain, puts it “There is no need for shoppers in this digital age to be wasting time manually researching deals and the best prices.” 

While the tool will undoubtedly help many online shoppers who are gearing up for Christmas, the web browser extension also has value for those who are looking to find the best Black Friday and Cyber Monday deals.

5. Social Data Management Platforms

The amount of social data being created can be staggering to comprehend, so the ‘Tify’ platform aims to make the process of managing it for businesses far more efficient.

The platform will offer users with real-time access to what is being said about their brand and pinpoint opportunities for making adjustments with this information in mind. Users can also use the data collected to make predictions about how to proceed rather than relying on a rigid framework that was created in the past to keep businesses more agile in the face of a changing marketplace.

The ‘Tify’ platform could help to effectively improve a business’s ROI when it comes to marketing to make every dollar spent work harder.

Which Trends Can You Integrate into Your Business?

Businesses are always evolving, and keeping an eye on the trends is one of the best ways to make sure to take advantage of the trends that are relevant to your industry. If you haven’t already started a business, maybe one of these trends will inspire you to create an entire new business.

With the opportunities for businesses booming, why wait another moment. What 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

The Small Town Hustle – Part 1

10 Businesses That Every Small Town Needs

City living isn’t for everyone. Sometimes you just get to a point where you would like to dwell in a small town, on the outskirts of nature, and enjoy the simpler things in life. Who says you can’t still run a successful business in a town like that? We have a list of 10 business every town needs. If opening a business in a small town sounds like music to your ears, then take a look and see if one of these businesses piques your fancy. 

1.Grocery Store

Everyone needs to buy groceries. And small towns aren’t usually attractive targets for huge chains, making them perfect for independent grocers. What better way to get to know all your neighbors, than to provide them with the sustenance they need? 

2.Convenience Store

Small town shoppers also need a convenient place to buy drinks, snacks and other items that might not require a full grocery shopping trip. This could include quick pick-up items such as batteries, earphones, and even oil for the car! In this business, you can get really creative and try out different mixes of essentials and novelty items to see what fits your area the best.

3.Gas Station

Help local drivers fill up their tanks and get some extra business from those who are just passing through by opening a small town gas station. Like a convenience store, gas stations can also carry a select amount of snack items and drinks, along with other knick-knacks. Live in a small town with a history? Snag a couple of touristy items to put alongside the register – it’s a great place to tell your town’s story!

4.Pharmacy

Independent pharmacies fill prescriptions from local patients. And they can also offer a small selection of products for sale. Everyone gets a little under-the-weather sometimes, so pharmacies are essential for making sure that people have what they need to get better fast!

5.Hardware Store

Local hardware stores offer all the products local residents need to fix things around their home. And they’re also known for providing personalized service and helpful expertise. You’ll find that in a small town, people are a lot more likely to fix things themselves if possible. Hardware stores ensure that they can get the job done properly!

Want to hear some more options for starting a business in a small town? Check back with us next week for part two of business that are needed in a small town!

Interested in Opening a Business in a Small Town?

With the opportunities for small businesses booming, why wait another moment. What 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

Getting Tricky With It


5 Tips and Tricks to help when applying for a business loan

There are endless suggestions from experts in the field about how to increase your chances of being approved for a Business Loan or just simply to maximize the amount you will be approved for. You definitely want to have all your affairs in order, and you want to use a professional approach. Here are a few tips that help bolster your chances. 

  1. Polish Your Business Plan & Executive Strategy

The “shinier” you appear as a candidate, the more likely your chances of getting approved for the amount you want. Going into this process, you will want to look over your existing business plan and executive strategy. Bring in a second pair of eyes, and pinpoint any places that you could buff up. Lay out exactly what it is that you do as a business, how this will earn profits, and why consumers will buy from you. You can also discuss the market opportunity, the competitive landscape, and why your company has an advantage. When applying for your Business Loan, you want to convince the lender that you have a great idea as well as the means to carry it out and be successful. 

2. Talk About Your Current Business Projects

Talking about your current plans for the business and what you are going to continue doing that has worked in the past, is another way to demonstrate your drive and entrepreneurial spirit. It shows the lender that you have the ability to examine the things you have created, and have learned from their successes or failures. Demonstrate how the Business Loan would be used for investing in evolving the projects based on your analysis of past performances, and in turn how this will grow your business.

3. Invest in Accounting Software

The underwriting department relies on strong figures and ratios, so you need to make sure your bookkeeping is in tip top shape. For this reason, you should invest in an accounting software that provides an organized presentation of your financials. Since the approval process for the Business Loan depends on an accurate representation of where your business stands, a reliable accounting software will make a good investment for your business.

4. Maintain a Great Credit Score

This is a big one. Although different lenders have varied credit score requirements, having a high personal credit score – ideally 700 – will significantly help with yourBusiness Loan application. Most lenders consider both your business and personal credit scores, so make sure you maintain a good score for both. Your credit score should be verified by the three major credit bureaus. If your score isn’t where you need it to be, don’t panic – there are many ways to improve your score, so start taking the first steps. 

5. Resolve Any Tax Liens or Past Due Payments

If you have open tax liens or more than 30 days of late payment, it can be more difficult for you to get approved for a business loan. It will also increase the process length, as you may have to prove that you can manage your finances better. It’s best to set your credit record straight and have no issues with your taxes and other obligations to make your Business Loan application less stressful. This will do you a world of good.

The Time is NOW

With the opportunities for small businesses booming, why wait another moment. What 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

Turn Up the Volume

Taking a Listen to the Business Side of Being a Musician in California

It’s no secret that people flock to California to fulfill their dreams of becoming a musician. Obviously, having the skill and the passion is a huge (necessary) part of making it big, but what type of business savvy is involved? Have you ever wondered what is required to become a musician? Or that being a musician is a business? Let’s take a look at what you may need to get started. 

As an individual embarks on their chosen journey, a career in music and in the music business, it is essential for them to have a basic understanding of the complexities and formalities associated with operating a legitimate business. You should treat your “musical career” as a full-time occupation in order to prosper and succeed on this journey.

In fact, in order to better protect their personal assets, many musical acts typically create a business entity, such as a corporation or limited liability company (LLC). These limited liability entities shield the owners from personal liability for any claims arising from any contracts or other arrangements entered into on behalf of the individual through its corporate or LLC entity.

Generally, these individual’s business entities are called a “loan-out company”. These loan-out companies typically enter into a contract with a third-party as part of a loan-out agreement. Ultimately, the corporate entity, not the members of it, is liable for any debts or contractual obligations of the entity and creditors generally cannot recover against each individual’s personal assets. This protects a person’s assets from judgments or outstanding debts.

For example, this is beneficial if you are a member of a four-person musical group and during your live performance, a member spills a drink on the club’s soundboard and destroys it. If the live performance agreement at the venue is solely entered into with the band’s loan-out company (which it should be), the loan-out company will be the only party contractually responsible for the damaged property and each member will not be personally liable for the damage. The venue’s only recourse is to go after the corporate entity (which may not have assets) and, not each individual band member, for payment to fix or replace the broken equipment.

While shielding an individual from personal liability is one of the most important advantages of creating a corporate entity, there are also several other important benefits for an artist’s career. One is that having a separate corporate entity permits the musician to open a corporate bank account in an assumed name. This also facilitates easier tracking of your expenses and permits the deduction, or “writing off”, of relevant properly documented business expenses.

In order to determine a corporate entity’s eligibility for these deductions and not have the Internal Revenue Services (I.R.S.) categorize your musical career as “a hobby” (which disallows the deducting of your losses), the entity must substantiate that they are actually carrying on the business activity (music career) for profit or to attempt a profit. Since most artists do not typically make a profit and end up incurring losses for great spans of time, they may be permitted to deduct these documented losses on their tax returns.

It is also important to organize and document these expense records in case the tax authorities are interested in a more detailed examination of them. Keeping copies of receipts and utilizing a separate credit/debit card solely for entertainment related expenses makes it easier to target the deposits and credits to the corporate account.

Another benefit is that a corporate entity typically is governed by a written contract (an operating agreement for an LLC or a shareholder agreement for a Corporation) that outlines how the entity will operate. This includes an outline of the split of any profits and losses among owners.

Also, it specifies how any management decisions shall be addressed and how additional owners and members can be added (or removed) to an entity. These companies also provide easy management over any artist owned intellectual property (i.e. sound recordings, audio-visual works, photographs, logos) for licensing and distribution purposes as well as any tangible property (e.g., studio recording equipment, instruments, mixers).

Without these outlined procedures, it may be very difficult to make certain career decisions, especially when more than one individual may be involved in these important career choices.

While these business entities provide numerous benefits to its owners, there are potential ways a third-party can “pierce the corporate veil.” That is an attempt to attach an individual’s personal assets and disregard an existing corporate entity’s protection of its owners. Thus, it is essential that the company follows any and all statutory procedures and guidelines, which are different in each state.

It is vital that the entity is utilized for a proper purpose and not just merely as a shield from personal liability. Some of these corporate formalities include the preparation of annual corporate minutes to ensure the corporation is a real functioning entity. Also, careful use of business bank accounts as well as their separation from personal accounts are crucial formalities to follow.

Some labels may even require the creation of a corporate entity to permit accounting and payment by utilizing the entity’s Tax-ID/EIN number as opposed to paying an individual personally. An E.I.N. is an employer identification number and is analogous to the company’s social security number.

A final note, every individual must file its own personal federal as well as, possibly, state tax returns for the state they live in; however, an entertainer may have to deal with separate personal state tax issues in several states that they earn income from. Again, please consult an accountant or tax representative regarding the appropriate filings.

This article is not intended as legal advice, as an attorney and/or an accountant specializing in the field should be consulted.

Applying for a Business Loan with an EIN Number

So what is involved when you are applying for EIN funding /a business loan with an EIN number? Using an Employer Identification Number, or EIN number, can only legally be done as a business entity. Using an EIN in place of a social security number on a personal credit application is a crime. However, legitimate businesses with an EIN number and other corporate documents, such as a license and state incorporation, can apply for loans and credit cards. In some cases, however, the owner’s social security number may still be required.

When you are applying with us for your business loan, provide your EIN number along with the company information, such as the year it started and the nature of the business.

Decide if your loan needs also include credit cards. If so, these are fairly easy to obtain using an EIN number and other business information. Start with office supply stores, such as Staples, and then move on to department stores, gas stations and major credit cards.

With the opportunities for small businesses booming, why wait another moment. What 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 , No Doc Loans , and EIN Number Funding 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

Easy as Pie; Starting a Catering Small Business in California

It’s a delicious idea, to start a business where you are creating and serving food to the masses! However, while you may have all the food experience you need, make certain to read up on all the state or even city-specific rules and regulations for starting a business in the food industry. Lucrative as it may be, there are many sensitive regulations put on food service as a whole, and we have done some digging to help you get started.

Where to Cook or Bake

Home Kitchen

In California, you are able to register your home kitchen to make certain types of food. Here is a list of the approved types of food you can create and serve as a catering business, from the comfort of your own home:

  • Baked goods without custard, cream, or meat fillings (including breads, biscuits, churros, cookies, pastries, and tortillas)
  • Dry baking mixes
  • Candy, such as toffee or nut brittle
  • Dried fruit
  • Chocolate-covered nonperishable foods, such as nuts and dried fruit
  • Fruit pies, fruit empanadas, and fruit tamales
  • Granola, cereals, and trail mixes
  • Herb blends and dried mole paste
  • Honey and sweet sorghum syrup
  • Jams, jellies, preserves, and fruit butter that comply with the standard described in Part 150 of Title 21 of the Code of Federal Regulations
  • Nut mixes and nut butters
  • Dried pasta
  • Popcorn
  • Vinegar and mustard
  • Roasted coffee and dried tea, and
  • Waffle cones and pizelles.

Keep in mind, these are the most popular types of foods requested to make from your own kitchen as a catering service. If you are curious to learn what else you could cook from your kitchen, check out the complete list of California approved foods by visiting the California Department of Public Health.

What is Your Business Structure

Many home-based food businesses are intended to be small. California restricts cottage food businesses to an individual operator with no more than one full-time employee. The state also limits the amount of money a home-based food business can earn each year.

If your business is very small, running it as a sole proprietorship may be the only economically viable option. Keep in mind, however, that as a sole proprietor, you are personally responsible for every aspect of the business – from paying taxes to absorbing the risks of a lawsuit if your food products cause illness or injury to a customer. If you operate as a sole proprietor, you should purchase liability insurance to protect your personal assets.

If you can afford it, consider choosing a business entity that protects you from personal liability, such as a limited liability company or corporation. These business structures ensure that your food business, not you personally, would be responsible for any damage if someone were sickened or otherwise harmed by your product.

Getting Licenses and Permits

You must get a permit from the county health department to operate a home-based food business in California. You can choose from two types of permits, depending on whether you want to sell products directly to customers or through other local businesses like shops or restaurants.

Class A permit.

You can get a Class A permit if you want to sell only directly to customers within the state of California. With a Class A permit, you can sell at farmers markets, festivals, from your home, or in other ways that allow individuals to purchase products directly from you. To get a Class A permit, you must complete a self-certification checklist, but there will be no physical inspection of your kitchen.

Class B permit.

You need a Class B permit if you want to sell indirectly to customers – for example, through stores, restaurants, or other venues that will sell your products for you. In California, you may not sell indirectly outside of your own county, unless the county where you want to sell has specifically stated that they will allow indirect sales of cottage food products. To get a Class B permit, your kitchen must pass an annual physical inspection.

Required information.

When you apply for a Class A or Class B permit, you will be asked to provide information such as the following:

  • Ingredients or recipes for all of your products
  • A list of sources for your ingredients
  • Copies of labels for each product
  • A description of your packaging
  • A floor plan of your kitchen
  • A list of your equipment, utensils, and food contact surfaces, and
  • A certificate showing you have completed a food processor course approved by the California Department of Public Health.
  • You must also obtain the licenses and permits required of all businesses, such as a local business license and – if your business uses a name other than your own – a fictitious business name registration.

Food Safety

To operate a home-based food business in California, you must complete a California Department of Public Health food processor course within three months of obtaining your cottage food permit. In addition, your business must comply with extensive health and safety rules, including the following:

  • You may not conduct domestic activities in your home kitchen – such as family meal preparation, dishwashing, clothes washing, or entertaining guests – while you are preparing cottage foods.
  • No infants, small children, or pets may be in the kitchen while you are preparing cottage foods.
  • All kitchen equipment and utensils used to prepare cottage food must be kept clean and in good repair.
  • All food contact surfaces and equipment must be washed, rinsed, and sanitized before each use.
  • All food preparation and storage areas must be free of rodents and insects.
  • No smoking is allowed in the kitchen during the preparation or processing of cottage foods.
  • No person with a contagious illness may participate in the preparation or packaging of cottage foods.
  • Hands must be properly washed before food preparation or packaging.
  • Water used to prepare cottage foods must be potable. This includes water used for washing hands and equipment as well as water used as an ingredient.

Insurance

There are unique risks associated with food businesses, from food-borne illnesses to foreign objects like glass or plastic in food. These are added to typical business hazards such as fire, theft, or an employee who slips and falls on the job. Don’t assume that your homeowners or renters insurance policy will cover your home business operations; it probably won’t. You must carefully evaluate your existing policies and then contact a qualified insurance agent to purchase the additional insurance you’ll need.

To find a good insurance agent, ask other food-business owners for recommendations. Look for an agent who has experience writing policies for food businesses and make sure all major risks are covered. General commercial liability insurance should cover everything from an employee who is burned by boiling water to a customer who gets sick from eating your food.

If you use a car or truck for deliveries or other business travel, be sure it is also properly insured.

Hiring Employees

In California, other members of your household or your immediate family members may help you with your cottage food business. Beyond that, the law allows you to hire only one full-time employee.

If you decide to hire an employee, you should learn about basic employment law issues such as hiring rules, how to avoid discrimination, and how to handle money matters like taxes and workers compensation.

Funding

With the opportunities for small businesses booming, why wait another moment. What 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 , No Doc Loans , and EIN Number Funding 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!

Applying for a Business Loan with an EIN Number

So what is involved when you are applying for EIN funding /a business loan with an EIN number? Using an Employer Identification Number, or EIN number, can only legally be done as a business entity. Using an EIN in place of a social security number on a personal credit application is a crime. However, legitimate businesses with an EIN number and other corporate documents, such as a license and state incorporation, can apply for loans and credit cards. In some cases, however, the owner’s social security number may still be required.

When you are applying with us for your business loan, provide your EIN number along with the company information, such as the year it started and the nature of the business.

Decide if your loan needs also include credit cards. If so, these are fairly easy to obtain using an EIN number and other business information. Start with office supply stores, such as Staples, and then move on to department stores, gas stations and major credit cards.

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

EIN 411: All About EIN Numbers & How to Apply for a Business Loan


What is an EIN?

A federal employer identification number, or EIN, is a nine-digit number the IRS assigns to businesses for tax filing and reporting purposes. The IRS uses the EIN to identify the taxpayer. EINs must be used by business entities–corporations, partnerships, and limited liability companies. However, most sole proprietors don’t need to obtain an EIN and can use their Social Security numbers instead. Even so, you may want to obtain an EIN anyway.

For more information about EIN Numbers and whether you need one, visit the IRS website: https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-an-ein

What is Business or EIN Funding and Why Do I Want it?

EIN number funding can be in the form of loans, lines of credit and business credit cards put under the EIN # of your business. It’s a separation of your business and personal credit. The EIN # is the social security number of your business and can get funding under it. It’s useful to separate your personal and business credit and to build your business credit profile up at the same time. Personal credit scores have to be high to guarantee funding on the business side.  The main reason EIN funding is useful is because the debt does not show up on your personal credit report. Clients can have multiple corporations, LLC’s or partnerships and qualify for funding under each of them.

Applying for a Business Loan with an EIN Number

So what is involved when you are applying for EIN funding /a business loan with an EIN number? Using an Employer Identification Number, or EIN number, can only legally be done as a business entity. Using an EIN in place of a social security number on a personal credit application is a crime. However, legitimate businesses with an EIN number and other corporate documents, such as a license and state incorporation, can apply for loans and credit cards. In some cases, however, the owner’s social security number may still be required.

When you are applying with us for your business loan, provide your EIN number along with the company information, such as the year it started and the nature of the business.

Decide if your loan needs also include credit cards. If so, these are fairly easy to obtain using an EIN number and other business information. Start with office supply stores, such as Staples (see Resources), and then move on to department stores, gas stations and major credit cards.

Don’t Wait – Start Now!

With the opportunities for small businesses booming, why wait another moment. What 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 , No Doc Loans , and EIN Number Funding 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

Jumping on the Food Truck Business in Florida


Floridians are obsessed with the novelty of food trucks. Over the past 10 years, this craze has proven to be more than just a temporary trend emerging in local communities. With the ever-growing art and brewing culture, it is only natural that having good food options would complement the events. What started as holiday or weekend festivities has turned into a daily offering of great new experiences for locals, whether they are going out on a first date, or organizing a meet-up with friends.

What were once known as “roach coaches” have become some of the most sought-out food eateries in major cities. If you’re looking to start your own small business – and you don’t want to go the traditional office or storefront route – then you might consider starting a food cart or food truck.

But while this business type is fun to run, it’s no easy task. Some of the most successful owners report 60-hour work weeks. The rewards, however, can be great – from media attention and social media fans who swarm when you arrive, to the satisfaction that you’re providing a decent meal to the hungry.

If these goals and working style draw your attention, consider this ten-step plan for food truck success.

Licensing

Nothing’s simple in the small business world, and you can’t just drive a food truck or set up a cart wherever you’d like. Cities have various requirements, including health department certificates, truck permits, and parking restrictions. Every city has its own policies, so contact your local government to get the facts.

Be prepared for obstacles. Some cities put a cap on the number of truck permits that they will issue. If they’re maxed out, you’ll be on a long waiting list since some permits don’t expire for 15 years. Other communities don’t allow food carts or trucks to park in public space; you’ll have to find private parking with access to a crowded area, which is a very difficult task. Once you’ve figured out how to get the licenses and permits you need, it will be smoother sailing. Check out some of the legal requirements for Florida here.

Truck or Cart?

If your funding  is tight, then a food cart may be the best place to start. You should be able to find a cart for about $2,000, which is much more affordable than the $100,000 that it takes to buy a new food truck.

Why are they so expensive? Health departments have the same rules for food trucks as they do for restaurants, so your vehicle will need expensive specialty equipment. If you want to get a truck without shelling out the six-figure cost, you can probably find a fully prepared used truck between $20,000 and $40,000. Check online sites like UsedVending.com or CommercialTruckTrader.com to find good deals on used trucks in your area.

Before settling on a truck or cart, plan out exactly what you’ll need to run your business. If you intend to sell pizza or other hot foods that you’ll need to prepare on-site, you’ll need a large truck. If, on the other hand, you can prepare food in advance in your home or commercial kitchen, then you can just keep your wares warm in a cart or smaller truck. Picture the hot dog vendors who keep their dogs warm in their sidewalk carts. Because this will be the largest expense in your new business, you need to get it right. After all, you don’t want to spend $40,000 on a truck when you can do just as well with a $2,000 cart.

Choose a Niche

To run a successful food truck business, you may want to forget about tacos and cold sandwiches. The most well known and loved food trucks serve gourmet cuisine, delicacies from other countries, healthy foods, and artisan desserts like unique cupcakes and exclusive chocolates.

Do your research to find out what popular food trucks already exist in your local area, what types of food are oversaturated, and dream up an appealing concept that is sorely needed in your community.

Financing

If you have the dream 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!

Create a Business Plan

As with any other business, you’ll need to dedicate time and research to your business plan. Once you have your loan squared away, research the costs of permits, cleaning equipment, ingredients, and other costs, and figure out how much you’ll need to sell every month to make a profit. If this is your first time writing a business plan, take a look at the U.S. Small Business Administration’s basic tips. Remember that the better planning you can present, the better your chances are for getting the best financing to start your small business.

Getting Insured

Your mobile business will require some major insurance costs. Think about the risks involved with a business that is moving around from location to location. Talk with an agent, and describe exactly what purpose the truck will serve. Depending on the equipment needed to create and serve your patrons, these details will factor into the type of insurance you will require.

Where to Park

If you are planning to go big and get a truck instead of a cart, you’ll quickly find that there can be some issues when it comes to parking. Consider if your neighborhood association let you park it in front of your home. If you have off-street parking, will it be safe overnight with all your equipment? Some health departments require that vendors park only in approved facilities with refrigeration and electricity. You may be able to rent a private parking space so you’ll be sure to have a place to go that’s safe and legal. Do your research to discover what guidelines to follow for your area.

Network

The food truck business isn’t just about setting up in crowded areas during lunch. Many vendors also generate brisk business by catering special events and corporate functions. Event planners will pay you to be on their property during an event so the attendees will have access to good food and a high-profile brand name.

Join local associations and organizations that cater to business owners in your community, like the Chamber of Commerce. Use your networking skills to meet the people who can pass along your name as a recommended caterer.

Take Advantage of Social Media

Social Media is the best way to generate a buzz around your business. People love to check in to the places they are visiting and food trucks are no different. Many trucks utilize Twitter and Instagram to announce where they will be appearing, and the greater your following, the more patrons will seek you out to experience more of the goodness you serve. Create a catchy hashtag that satisfied customers can use to tag the photos they will snap of your yummy offerings. Happy customers will do the marketing for you!

Don’t Stop

Once you’ve built up your following and your brand has taken off, start thinking about merchandising. You can sell t-shirts and promotional items online and in person. The bigger your brand and the more unique your idea is, the more willing your customers will be when it comes to advertising for you by wearing a cool sweatshirt or hat. In addition, once you have some recognition, you’ll be able to approach local grocers and coffee shops about selling your food in their shops.

Florida, the Time is NOW

With the opportunities for small businesses booming, why wait another moment. What 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