Three C's

Written by Mark Uptain

What Startups Need to Get a Business Loan, Part 1 by Mark Uptain

You want to get a good, solid overview of what it takes to acquire that business loan you need, especially if you are a startup. The essential element of whatrepparttar lenders out there require of you can be wrapped up inrepparttar 150761 acronym, C. C. C. These are...

Cash - Decide how much money you want to borrow, what it will be used for specifically, and how much you personally will put down onrepparttar 150762 loan. The more cash you can come up withrepparttar 150763 better, period.

Credit - Your personal credit score really should be 700 or better. Unless you've got tons of cash and collateral, don't even attempt a loan request until it is. Personal credit reports can often be obtained free and securely overrepparttar 150764 internet.

Collateral - The more collateralrepparttar 150765 better. The lender will establish a loan-to-value on all of it. Having a house to pledge is a huge plus. Keep in mind, though, that little or no cash and lousy credit will not be made up for by an excess of collateral.

You must decide how much money you need and how much you can raise for a down payment. You must get working to make that credit score of yours better. You know how many assets you have, and should find out what their liquidation value is. You need to discover how to get your hands on additional cash and collateral shouldrepparttar 150766 need arise...

Still with me? Good. If you are serious about starting or enhancing your business through a loan, you need to understand that lenders will want to know how much skin you have inrepparttar 150767 game. After looking into a loan possibility, many aspiring and existing entrepreneurs conclude thatrepparttar 150768 money lending industry is too demanding and complex, andrepparttar 150769 sheer volume of information required by them is overwhelming. Then, discouragement sets in and drains allrepparttar 150770 excitement and enthusiasm out of them.

But perhaps it's prudent to think fromrepparttar 150771 lender's perspective for a moment. Imagine a stranger approaches you, nicely dressed and polite, and proceeds to enlighten you on his idea to build a lovely espresso stand just downrepparttar 150772 street from your house. His vision ofrepparttar 150773 success of this venture is optomistic, he apparently has a little experience at running coffee joints, and is now inquiring if you would like to fundrepparttar 150774 construction and initial operation of this hopeful enterprise.

So, naturally you begin to be a little inquisitive...

You: "How much cash will you have onrepparttar 150775 line for this project?"

Him: "Cash?"

You: "Yeah, you know..., money? And, since I'm asking, how's your credit? Have you been making all ofrepparttar 150776 payments to your creditors on time?"

Virtual Assistant Do you need one?

Written by Shannon Davidson

Virtual Assistant Do you need one? By Shannon Davidson

Do you have a business? Do you have administrative tasks that are taking up time that could be better spent running and growing your business? Do you want someone to complete your administrative tasks on an as needed basis? If you answered yes to any of these questions, a Virtual Assistant is a resource you need to consider. Businesses and individuals outsource administrative tasks to specialized Virtual Assistants. There are many benefits to outsourcing to a Virtual Assistant verses hiring an in-house employee. Considerrepparttar following benefits when deciding if a Virtual Assistant is right for you:

SKILLS: Virtual Assistants are skilled entrepreneurs. They have their own hardware and software and generallyrepparttar 150760 most up-to-date hardware and software.

Virtual Assistants provide services such as general administration services, database and website development, graphic design, internet research, writing, editing, proof reading, presentation preparation, bookkeeping, desktop publishing, transcription, and many more services to businesses and individuals. Work is delivered via email, fax, telephone, or postal service. Most Virtual Assistants know how to use Word, Excel, PowerPoint, Outlook, ACT, Adobe Acrobat, PowerPoint, and Front Page.

COST: Generally, Virtual Assistants bill at $30.00 an hour or more. Some Virtual Assistants will bill per project. Some Virtual Assistants bill clients oncerepparttar 150761 work is completed. Some Virtual Assistants charge a deposit up front and others may work on a retainer.

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