Business Finance Consultantants

Business finance consultants are the backbone of an organization. They help establish the both the long-term and short-term objectives of the firm that makes for effective utilization of the financial resources. They also help in formulating financial and business policies. Financial policies relate to procurement, administration and distribution of business funds. Business finance consultants also play a pivotal role in formulating procedures. Procedures are the specific order of doing things. They ensure consistency of actions. In financial procedures, the financial executives decide the control system, develop standards of performance and evaluate the performance.
Finally, business finance consultants help forecast the future. In order to take proper action to achieve the objectives, it is necessary to know future positions. Business finance consultants help make a sound financial plan. A sound financial plan should be simple as well as practical. When there is complexity in the financial plan the operating executives will find it difficult to follow. Also, the financial plan should be designed with a long-term view. While designing the investment, financial and dividend policies, the long-term requirements are also considered. A financial plan requires vision and forecast.
A financial plan designed by business finance consultants should have flexibility. That is, it should incorporate changes in the plans and ensure liquidity by meeting maturing obligations in time, but not at the cost of profitability. The plan should also ensure with the cost associated with various financial decisions at a minimum. A proper balance between fixed and working capital should be maintained for using capital effectively.

Getting Your Home Business Financed

Businesses without funds exist only in minds. A brilliant idea is equal to zero without sufficient funds in hands. It is always a more satisfying feeling to start and fell short than dreaming of success all the time and never actually starting. Biggest obstacle for these potential startups is the lack of finance. If some unique idea has sparked into your mind and you are ready to give it a try then start with preparing a business plan and assigning costs, this will give you an idea on how much finance you need for this business. Next step is to decide your source of finance.
Commercial Banks:
Commercial banks are a good source of business loans when it comes to businesses that already exist. However, the chances that they will grant you a business loan for starting a business are quite dim. Nevertheless you can go for personal loan (sometimes even business loan) if your credit history is good. If you are able to present your business plan smartly and ensure them that you have got the experience and skills needed to turn it into a success, you will most probably get your loan application approved.
Venture capitalist & Traditional lenders:
Some investors want much more than what financial markets, securities or bonds have to offer. They are ready to take risk, when they see the chances that some investment can bring much more profits than any other investment alternative. Venture capitalists lend funds to small business startups, it's up to you that how do you convince and lure these lenders into funding your business.
Government financing Small Businesses:
Another resort to get your home business financed is going to the small business administrations and development authorities of your country. These authorities and administrative bodies often provide small business loans to get started. They are keen to help small businesses because this industry can contribute a lot in the overall GDP and economy of the country. You can either choose debt financing or equity financing.
Personal Family & Friends:
Some online businesses really don't need a lot of investment to get started. You can start with an initial setup of PC, telephone or fax machine placed in a small room. Some people will find it hard to borrow from their family members or friends but this is indeed a realistic option. You don't have to go into formalities, just discuss your business plan and enthusiasm with the person (ideally your parents) and if he/she is convinced, you'll be having cash in your hands instantly.
Additional resources:
Credit cards can be another option, although not good for long term financing. Other sources are finance companies and mergers. But the problem with these alternatives is that you are not totally independent in your business decisions, which actually spoils the charm of running your own business.

Small Business - Looking For Business Financing and Business Funding

Looking for business financing generally refers to entrepreneurs searching for funding resources for a business. Businesses need capital for start-up and operating expenses, and many financial institutions provide loan programs to fulfill that need.
When looking for business financing, most entrepreneurs go to the Small Business Administration (SBA) first. This government agency supplies funding to business that employ fewer than one hundred workers and that have been denied by traditional lenders, such as banks. Their most common loan program is the 7(a) loan, which guarantees a certain percentage of a loan provided by a traditional lender. The loan requirements for start-up and existing businesses differ somewhat, but both require applicants to supply personal and business financial documents along with a written business plan. If a business meets the criteria for a 7(a) loan, it can download and print the application available on the SBA's website to give to a lender who participates in the SBA's guaranty program.
Existing businesses looking for immediate business financing usually turn to factoring. With factoring, a business sells its accounts receivables to another company, known as a factor. Most factors require businesses to process credit cards and to have been doing so for a certain length of time, usually three to twelve months. Once approved, the factor collects the payments on the accounts from the business's clients until the funds are repaid. Factoring is not considered a loan; therefore, no debt is incurred on the balance sheet.
Looking for business funding refers to entrepreneurs who are searching for ways to fund a small business. Funding is needed for start-up and operating expenses. Many lenders provide specialized loan programs to assist small business owners in starting and maintaining their business.
A majority of entrepreneurs go to the Small Business Administration (SBA) when looking for business funding. This government agency provides loans to small businesses that employ fewer than one hundred workers and that have been denied by traditional lenders, such as commercial banks. Their most common loan is the 7(a) loan. The application requirements for start-up and existing business differ, but both require certain financial documents and a business plan. Certain variations of this loan may require additional documentation. To apply for the 7(a) loan, applicants should collect all needed documents and take them to a lender who participates in the SBA guaranty program. With this program, the SBA will guaranty a certain percentage of a small business loan in order to alleviate the lender from unnecessary risk.
Another source to consider when looking for business funding is a private investor. A private investor will contribute large sums of capital to a business in exchange for a portion of the profits. The best way to attract potential investors is to have a well-written, feasible business plan. Before an investor contributes any capital, it's best to make sure that he or she is providing equity, not debt. Debt means the investor expects the business to repay all or part of the given capital.

Small Business Finance - The Next Big Banking Problem?

For the past year, most banks and lenders have been subject to both disastrous operating results and negative publicity. Actual commercial lending activity reported by banks conflicts with the usual attempt by politicians and bankers to portray banks as normal and healthy. Most bank financial results have been disappointing after working hard to solve massive residential loan problems. It is reasonable to ask if commercial banking has more potential disasters about to emerge based on what has been seen and reported so far.
Based on a number of business financing statistics, commercial lending to small businesses is already on life support. In many cases, without government bailouts many commercial banks would have already failed. As bad as that perspective might sound, this report will provide an even more negative outlook for the future of small business finance programs. Unfortunately for banks and lenders, it does appear that business loans will be the next big problem.
During the past year or so, several banking problems have received significant publicity. The largely avoidable difficulties were primarily tied to increasing home foreclosures which in turn caused various investments tied to home loans to decrease in value. Such investments lost value so rapidly that they became known as toxic assets. When banks stopped making many loans (including small business financing), the federal government provided bailout funding to many banks to enable them to keep operating. While most observers would argue that the bailouts were made with the implicit understanding that bank lending would resume in some normal fashion, the banks seem to be hoarding these taxpayer-provided funds for a rainy day. By almost any objective standard, commercial lending activities have all but abandoned small business finance needs.
Small business financing appears to already look like the next big problem based on commercial finance statistics recently released by many banks. The general decline in commercial real estate values during the past several years is a major factor in this conclusion. Because many large commercial real estate owners could not make their commercial mortgage loan payments or refinance business debt, this has resulted in some significant bankruptcies. The resulting bank losses are clearly having an impact now on commercial lending to small business owners even though these difficulties were primarily happening with large real estate owners and did not usually involve small businesses.
Bank losses on large commercial real estate loans have caused many banks to reduce or stop their small business financing activities, and this has clear similarities to the earlier situation of residential mortgage loan toxic assets causing banks to stop normal lending because of capital shortages. The bank losses from large commercial property investors are producing a ripple effect that has caused small business financing to effectively disappear until further notice. While small business owners did not cause this problem, they are suffering the immediate consequences when banks are unable or unwilling to provide normal levels of commercial financing to them. This bad situation is made even worse when we learn that many banks are hoarding cash and approving fewer commercial loans to allow them to quickly pay bailout funds back to the federal government. The primary logic for this approach is that it will allow banks to resume excessive bonuses and compensation to their executives.
Unfortunately one problem will lead to another, as is common with complex circumstances. The failure to obtain normal business financing will most likely lead to an increasing number of commercial loan defaults by small businesses. Prudent business owners should begin to take action now in a timely manner to avoid such negative consequences. The most serious small business finance problems can be anticipated and avoided with appropriate action.
Even if they do nothing else, business owners should have a straightforward conversation with a small business finance expert to assess how exposed their business might be to the brewing commercial banking problems. If recent events are any indication, the banks themselves will not be very forthcoming about problems with their commercial lending practices. For many small businesses, the most objective business financing expert is not likely to be their current banker. To increase the chances that they receive sufficient small business loans in the face of ongoing lending problems, a healthy amount of skepticism and caution will be helpful for business owners.

Unsecured Business Finance Program

DID YOU KNOW
1. Did you know that there are Unsecured Business Finance programs that are NO DOC Unsecured Program and require NO financial statements or income verification of any kind? Strictly credit driven.
2. Did you know that there are Unsecured Business Finance programs that only take 2-3 weeks for a client to receive their first funding, and is usually complete within 4 to 6 weeks?
3. Did you know that to qualify for a Unsecured Business Finance program a client does not need a existing business?
4. Did you know that a business with weak financial statements and/or no taxes can still qualify for financing up to $150,000? (See #1)
5. Did you know there is a cash-out option available for the Business Finance program?
6. Did you know that many banks will offer a 0% APR for 6 months to 1 year?
7. Did you know that funding from these programs can be used for any business purpose, including payroll, inventory, equipment, and even operating capital?
8. Did you know that most funding the Business Finance programs does not report to your client's personal credit file, but reports and builds the strength of your business credit file.
9. Did you know that the Unsecured programs will build the strength of your client's business credit score?
10. Did you know that No Doc financing is the perfect option for those who wish to purchase a franchise? And it's even better for existing franchise owners who need additional operating capital!
11. Did you know that you can use funding the programs to pay off your client's personal credit debt? This will greatly improve their credit score, enabling them to get additional funding in the future!
12. Did you know that a client with a "C1" success rating has a great chance that within a month or two they will qualify for up to $100,000 in funding?
13. Did you know that most businesses don't qualify for traditional loans due to poor financial statements or a bad couple years from the current economic climate, yet they can still get up to $150,000 the No Doc Business Capital program using their personal credit alone? And that they can double or triple that by adding additional guarantors?
14. Did you know that the Unsecured Business Finance program is available for all entity types including: sole proprietorships (not incorporated), C corps, S corps, LLC\'s, DBA\'s and any person with qualifying credit?
15. Did you know that if a client wants funding but has poor personal credit they can still qualify? They just have to find a credit partner who will act as a guarantor for their business and they can potentially be setup over $100,000 in as little as 45 days! (FYI - as many as 50% of borrowers use guarantors, this is a very common practice).