You’ve got a business idea in mind and you know you need a bank to start it, but which one should you choose? There are countless options to choose from, so how do you know which one will be the best fit? And what criteria should you look at when comparing your options? To help answer these questions, here are five of the most important factors to consider when choosing a bank for your small business. Customer service Small business owners face challenges that their larger counterparts don’t have to worry about. The most important factor in choosing a bank…
Author: Marketer
As you may have heard, raising capital from banks can be difficult if you’re starting or running a small business. However, there are resources available to help you find the funding you need, such as the Small Business Administration’s 7(a) loan program or community banks and credit unions in your area. Whether you’re searching for business financing or thinking about applying for a loan, understanding how the process works can help you get the most out of it. What are short-term business loans? Short term business loans are typically what most small business owners turn to when they’re looking for…
Opening your own business can be scary, but it doesn’t have to be so difficult. Follow these steps and you’ll be well on your way to having your business bank account up and running in no time! Reaching out to banks via phone and email Reaching out to banks is the first step. They will likely ask you what your business’s goals are, what type of funding you’re seeking, and how much money you intend on keeping in the account. Let them know that you would like an account with one checking and one savings account, which should be FDIC…
For the first time, you are ready to go out on your own and open your own business. You’ve done your research, set up your corporation or LLC, and now you’re ready to take the plunge and buy everything you need to launch your business—including your new commercial kitchen. Now all you need is some cash to make it happen, but how hard will it be to get a business loan? Here’s what you need to know about getting started with commercial financing as an entrepreneur. The Benefits of getting a Business Loan Starting a new business is hard work,…
If you’re looking to start your own business but want to be able to live and work in line with your Christian values, don’t worry – you’re not alone! There are plenty of good options out there that can allow you to do exactly that, and all of them are going to be very successful as well. So which one do you go with? Here are ten examples of Christian business ideas that have proven themselves over time – and the best part is, that all of them are still operating today. 10 Christian Business Ideas That Work 1) Service…
What You Need to Know About Available Grants for NGOs in Africa There are thousands of grants available to NGOs (non-governmental organizations) in Africa that have the potential to improve lives and support the community at large, however, many of these opportunities go undiscovered or unused because of a lack of knowledge on how to apply or even where to look. In this article, we will outline how to find NGO grants and what to expect when applying so you can be well-prepared before diving into the grant process. If you follow our advice and tips you’ll significantly increase your…
Everything You Need to Know About Starting a Garage Business More and more people are turning to a garage business as an opportunity to make extra money, or even to start a full-time career. This can be especially appealing in today’s economy, where many industries have been hit hard by the recession and unemployment rates are high. A garage business might be your ticket to financial freedom and the ability to live your dream life. However, you need to know how to start one of these businesses properly or you could end up struggling with it and giving up on…
Most people wouldn’t think about going to the bank for a business loan with bad credit, assuming it would be impossible. The good news is that there are plenty of other options out there. For anyone looking to start their own business or expand upon an existing one, getting that first loan can be crucial to success and it doesn’t have to be the end of the world if you don’t have stellar credit. Here are seven ways you can get a business loan with bad credit. How to Get a Business Loan with Bad Credit 1) Look for Other…
I am going to be discussing the 6 Business Ideas That Can Help You Make Six Figures within a short period of time. Starting your own business can seem like an insurmountable task. One of the best ways to get started, though, is to narrow down your options and focus on the ones that are most likely to succeed. Fortunately, there are several business ideas that allow you to earn six figures or more while working from home, allowing you to spend more time with your family and have freedom from the stress of commuting and high-pressure office environments. If…
A bank account is an essential part of starting and running any business, but it’s not always easy to open one with a new company. If you don’t have an Employer Identification Number (EIN), you may wonder if you can still open an account at all – and if so, how you go about doing so. The good news is that there are several options that allow you to create a business bank account without an EIN; the better news is that most of them are relatively easy, inexpensive, and don’t require much effort on your part. Everything you need…