Business Financing - Where to get it and why you would want a SBA Loan and Seller Financing

Written by Jim Brown


Permission is granted to electronically reprintrepparttar following article in its entirety and without modification in your Opt-In Subscriber publication or your web site ONLY, as long as no changes are made torepparttar 106008 resource box included withrepparttar 106009 article. Courtesy copy requested. Thank you.

Jim Brown http://www.globalbx.com

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Business Financing - Where to get it and why you would want a SBA Loan and Seller Financing

Business financing can come inrepparttar 106010 form of conventional loans, SBA (Small Business Administration) loans, and seller financing. A combination ofrepparttar 106011 three forms may be used, but SBA loans are by farrepparttar 106012 most popular. In fact, SBA loans arerepparttar 106013 primary source of capital injected intorepparttar 106014 small business community nationwide. Last yearrepparttar 106015 SBA assisted small businesses with over $10 Billion Dollars of loan guaranties.

The Small Business Administration more commonly known asrepparttar 106016 SBA is a Federal Agency established in 1953 to protect and assist America's greatest resource... small businesses. SBA's mission is to stimulate and foster economic development through small businesses, because helping small businesses get started and become successful is great forrepparttar 106017 nation's economy. Briefly,repparttar 106018 SBA loan guarantee program works inrepparttar 106019 following manner. The SBA will guarantee a portion of a business loan made by a lender enrolled inrepparttar 106020 program. By issuing a partial Federal Guarantee torepparttar 106021 Bank, your loan, which might not be approved on conventional terms, can now be approved via a SBA guaranteed loan.

SBA Loan benefits include longer terms and larger loan amounts than you might be able to obtain through a conventional loan. They also include competitive interest rates and no balloon payments or annual reviews. Furthermore, SBA loans are fully amortized and loan terms typically range from 7 to 25 years depending onrepparttar 106022 purpose. To understandrepparttar 106023 benefits of full amortization, consider a loan that is used to purchase commercial real estate.

The conventional bank loan is normally amortized over 15 to 20 years and renewed every 3 or 5 years. So, when a small business owner facesrepparttar 106024 3 year review of that conventional loan:

The bank may decide that its risk appetite no longer favors loans for those types of businesses and therefore requires full payment. The bank may review and reamortizerepparttar 106025 loan over another 15 to 20 year period, which would mean more interest overrepparttar 106026 term ofrepparttar 106027 loan. Ifrepparttar 106028 small business is doing well,repparttar 106029 bank may renewrepparttar 106030 loan as is, but oftenrepparttar 106031 borrower has to pay thousands of dollars in costs associated withrepparttar 106032 renewed loan application. All of that uncertainty and additional expense for refinancing or restructuring ofrepparttar 106033 loan is eliminated with SBA financing.

Heating Up Cold Calls: 21 Tools for Tremendous Telephone Techniques

Written by Stephen Libman


OK, let's heat uprepparttar cold-calling debate. Is everyone a salesman? Yes! Do most people have to make cold calls at some point? Yes! Do most people hate to make cold calls? Yes! So, you have two choices; either hire someone (a professional telemarketer) or do it yourself. If you haverepparttar 106007 budgetrepparttar 106008 hire someone, great! If not, read on.

To be a successful cold-caller you needrepparttar 106009 following in your toolbox; an understanding of what constitutes a cold-call, a list of qualified people to call, an understanding ofrepparttar 106010 "numbers", a notepad, pens, scripts (at least 3), a calendar, a tracking system, a personal performance tracker, a mirror, relevant reference materials,repparttar 106011 right attitude, hands free headset, a commitment, a smile, a schedule,repparttar 106012 right questions, a bullet-proof rejection shield, an automatic objection response generator, a clearly defined goal, andrepparttar 106013 knowledge of your purpose. Let's review each one in detail.

Tool 1 - an understanding of what constitutes a "cold-call" A cold-call is simply an outbound call made to someone you have never spoken with before. It is not a referral. That's a warm call. It is not any inbound call, even if that's your first contact. An inbound call is a blessing because someone wants to speak with you. Cold calls are often impersonal and must be made "personal" as soon as possible.

Tool 2 - a list of qualified people to call If you are not calling qualified leads then you might as well get outrepparttar 106014 yellow pages and start dialing. Hitting qualified people boost your close rate dramatically and eliminates wasted time. Invest your time in qualifying before calling. You will still have to further qualifyrepparttar 106015 prospect once onrepparttar 106016 phone. It would be ridiculous if you offer enterprise-sized solutions and called a small business. Even ifrepparttar 106017 person wants to buy, you would have nothing to sell.

Tool 3 - an understanding ofrepparttar 106018 "numbers" OK, we all know it's a numbers game. So, determine whatrepparttar 106019 "superstar" ratio is and work towards beating that figure. Establish where you are now in terms of success and you know how far you need to go. What, you don't have a clue how many calls to make? Ok, try 40 - 60 a day. For example; you place 60 calls resulting in 20 responses, resulting in 5 decision makers reached, resulting in 1 presentation. Assuming you close 1 sale for every 3 presentations, you will have made 180 calls over three days. Your numbers may vary but it's all numbers.

Tools 4 & 5 - a notepad, pens This is an easy one right? Wrong! The notepad and pens are obviously to take notes. But itsrepparttar 106020 type of notes you take that makerepparttar 106021 difference. Listen for words describing how they process information. People have a dominant "channel"; visual, auditory or kinetic. They tell us their channel by saying things like "I see what you mean", "I hear what you're saying", "this feels right to me". Also, listen for buzzword terminology and play them back. Say someone says "I'd like to take this step-by-step" you could respond later inrepparttar 106022 conversation with something like "let me walk (if kinetic) you through this step-by-step". This is powerful stuff! Better yet, it works!

Tool 6 - scripts Call them notes if you don't likerepparttar 106023 term scripts. But, have at least three of them;repparttar 106024 First Contact, Follow Up, and Close. Scriptwriting is an art but there are some definite guidelines you can follow. Make sure you are using scripts that are proven to work. For example,repparttar 106025 First Contact script must include; an introduction, purpose of call, caring forrepparttar 106026 individual, a number of close-ended questions to ensure you have a decision-maker, probing questions, value statements, action, and close. You can see a lot is involved so make sure you get it right. Need help with your scripts? Get it! It's that important. Don't know where? Contact me!

Tool 7 - a calendar Finally, an easy one. You need an electronic or paper calendar for reverence. Ties in with Tool 8.

Tool 8 - a tracking system ACT, Goldmine, Daytimer, make one up, etc, whatever works for you but you must have a way to track every activity.

Tool 9 - a personal performance tracker This is part of Tool 8 if using automated systems like ACT or Goldmine. Whether you are or not, a personal performance tracker keeps tabs onrepparttar 106027 statistics,repparttar 106028 "numbers". This way you will know how many calls, how many people you reached, etc. It also records your comments such as; how far you got, problems you encountered, notes for improvement, etc. This is an indispensable tool for success.

Tool 10 - a mirror You simply need to watch your facial expressions making sure you are positive, energetic, and upbeat. It also give you a way to make sure you are using Tool 15.

Tool 11 - relevant reference materials You will probably need directories and lists of some sort however compiled. Make sure you have those references always handy.

Tool 12 -repparttar 106029 right attitude What is your "AQ" or Attitude Quotient? Without a positive mental attitude things that get you down, keep you down. For making cold-calls you need enthusiasm, you need to feel like a winner even when you are not, you need to exude self-confidence even when yours is low, you need to be excited and passionate about your product or service, and you need positive self-talk to carry you throughrepparttar 106030 tougher moments. The more attitude qualities you have (or subsequently get),repparttar 106031 betterrepparttar 106032 results. When someone asks you how you are doing, you answer, "I'm Wired, Fired, and Inspired!" Or, as Attitude Expert Keith D. Harrell always answers "I am Super Fantastic!". Other's I know answer "I'm Taking It To The Next Level!", "Absolutely Outstanding!". You getrepparttar 106033 point, people, like "UP" people.

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