Three C's

Written by Mark Uptain

Continued from page 1

He begins to squirm.

Him: "Well..., aboutrepparttar money thing, I wouldn't be coming to you if I had any of my own. And, as far as my credit is concerned, it's happens to be pretty good...I think."

You: "Do you have any assets that can be pledged against this loan in case of a default?"

Him: "Default?! Good grief, man. Can't you tell by looking at me that I'm a man of my word?!"

You: No.

At this point, he leaves your presence discouraged, fuming, or both. No one in his right mind would fund such a proposal at face value. Onrepparttar 150761 other hand, if that same man came to you (and you were inrepparttar 150762 business of lending money), laid out a sensible business idea, put up 20% ofrepparttar 150763 loan amount in cash, had good credit, had experience either at running a business or inrepparttar 150764 industry he was proposing, and had a sufficient amount of collateral to cover losses due to unforeseen circumstances, you might consider him a "good risk", wouldn't you?

All lenders haverepparttar 150765 difficult task of making future decisions based on historical information. Commercial or private lenders such as commercial finance companies, leasing companies and mortgage banks, though not directly regulated byrepparttar 150766 government, still must adhere to certain credit granting criteria. Institutional lenders such as banks, credit unions, savings and loans, etc., lend money obtained by borrowing from their depositors. Thus, they are both regulated byrepparttar 150767 government and more critical in their policies regarding lending. Regardless of whether you approach one orrepparttar 150768 other, neither one of them are inrepparttar 150769 business to lose money. Give them reasons to lend to you. Did you know that lenders want to provide money to you? Let them!

By preparing your personal three C's properly forrepparttar 150770 scrutiny they will endure, you'll giverepparttar 150771 funder a good opportunity to fulfill your request for business startup capital. There are many other details involved inrepparttar 150772 process, such asrepparttar 150773 sizeable amount of paperwork you need to prepare and gather. But, if you're serious and confident about your venture, pony up and be willing to hurdlerepparttar 150774 necessary fences to satisfyrepparttar 150775 lender's requirements. At that point, an independent loan broker will be one of your most valuable allies. Contact a professional who can walk with you throughrepparttar 150776 process and explainrepparttar 150777 details ofrepparttar 150778 transaction. Your chances for approval will become greater and your lender will thank you.

In part 2 of this article, we will examinerepparttar 150779 types of paperwork necessary to package a startup loan request torepparttar 150780 lender.

Mark Uptain is the owner of Regent Business Capital, a loan and lease brokerage that works with lenders nationwide to help small and medium-sized businesses get financing. His website, offers free equipment leasing information and competitive quotes to businesses throughout the United States.

Virtual Assistant – Do you need one?

Written by Shannon Davidson

Continued from page 1
A Virtual Assistant is far more cost effective than a regular employee if you only need support on certain projects or at limited times. A Virtual Assistant will only charge you when they are working on your project(s). You will need to tell your Virtual Assistant what you need and want, and give some general guidelines. Generally Virtual Assistants do not charge you for this ‘training’ period. A Virtual Assistant should be set up as an independent contractor, never an employee. WHO CAN BENEFIT FROM THE SERVICES OF A VIRTUAL ASSISTANT: Any business or individual who does not have office support personnel,repparttar means of hiring in-house office support personnel, orrepparttar 150760 need to hire in-house office support personnel. Perhapsrepparttar 150761 most important thing a Virtual Assistant can do is relieve you ofrepparttar 150762 time consuming tasks that keep you from growing your business. As a business professional, your time needs to be spent growing your business by being in front of clients, making sales, following up on leads, or attending networking events. Their success depends on your success. A Virtual Assistant can become one ofrepparttar 150763 best assistants and business partners you've ever had. After all, they are business owners too.

Shannon Davidson Shannon has been performing virtual assistance for over 13 years. She provides transcription, data entry, logo design, web creation, and many other services to businesses and individuals. Shannon is also a freelance writer and provides articles and research information to businesses and individuals.

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