Choose Your Best Business Loan
Are you a small business owner looking to get a loan? You have a lot of options. These days, the market is bristling with loan products designed to meet the needs of small business owners, so whether you’re looking to buy and renovate new property, or just need some cash to tide your business over until your invoices are paid or your busy season starts, you can find a loan that will work for you.
There are three main types of business loans available: Small Business Administration (SBA) loans, traditional bank loans, and alternative loans. SBA loans aren’t given out by the SBA, but are guaranteed by it, so that lenders can feel more comfortable funding small businesses. Alternative loan products include merchant cash advances, invoice factoring loans, business credit cards, and business lines of credit.
Traditional bank loans are the hardest to get, but, like SBA loans, they offer lower interest rates and more favorable repayment terms. Learn more about what options you have so you can choose the best loan for your business.
Traditional Bank Loans
A traditional business loan from a bank is probably the first thing that comes to mind when you think of getting a business loan. Traditional bank loans offer the lowest interest rates, and typically the best repayment terms – you can often repay a conventional bank loan over a period of years rather than months, as you might with many alternative loan options. However, repayment schedules are typically shorter with conventional loans than they are with SBA-backed loans. You should also be prepared to make a balloon payment at the end of the loan term.
Traditional bank loans are the hardest for small businesses to get. You have to prove to the bank that your business is established and that it turns a profit. You also have to convince the bank that the loan money will help you make the business even more profitable so that you can afford to pay the money back. Only about 23 percent of conventional small business loan applications are ultimately approved.
SBA loans are backed by the Small Business Administration, but they’re given out by regular lenders and nonprofits aimed at helping small businesses. SBA backing provides an extra layer of financial security for lenders, so they can afford to give out more of these loans. The SBA backs a few different kinds of business loans, including microloans, 7(a) loans, CDC/504 loans, and disaster loans.
SBA microloans are small loans of no more than $50,000, available to new and established small businesses. You can use a microloan to buy inventory; machinery, tools, and equipment; fixtures and furniture; or supplies. You can even use the money as working capital to cover your daily operating expenses while you wait for cash flow problems to resolve.
7(a) loans are the SBA’s main loan program, and are therefore its most commonly awarded loan. You can use the funds from a 7(a) loan to buy real estate or build new structures; purchase equipment, fixtures, furniture, tools, and machinery; refinance debt; start a new business; remodel a building; or even as working capital. These loans typically have a 10 to 25 year term, depending on what you borrowed the money for, and a maximum borrowing limit of $5 million.
CDC/504 loans are real estate loans that you can use to buy buildings, land, or machinery. You can also use one to refinance debt you incurred from growing your business in the past. You’ll usually have to put down 10 percent to get one of these loans. The SBA will put up 40 percent, while your lender will put up the other 50 percent. These loans typically have terms of 10 to 20 years and a maximum borrowing limit of $5.5 million.
Disaster loans are available to small business owners who have had business assets and inventory damaged in a disaster. You can borrow up to $2 million to replace or repair machinery, equipment, inventory, and premises.
Because they require the approval of a government agency, it can take months for an SBA loan application to be approved. If you can afford to wait, that’s fine. If not, you may want to consider an alternative lender – especially if you can’t qualify for a conventional loan.
Alternative Lending Options
Alternative lenders can provide business funding within a matter of hours or days. Applications are typically done online. Your options for alternative business loans include merchant cash advances, which allow you to borrow against your future credit card sales; invoice factoring, which allows you to borrow against your outstanding invoices; and a business line of credit, which allows you to borrow only as much as you need and pay interest only on the amount you borrow. Business credit cards can also provide working capital to help you manage your cash flow.
Alternative lenders will often lend to business owners with lower credit scores, so you can still get the funding you need with less-than-perfect credit. Interest rates tend to be higher for these loan products – interest rates of 25 percent or more are not uncommon for products like merchant cash advances. Repayment times tend to be short, as well – you may find yourself on a 90-day repayment schedule rather than one that stretches out across years. However, you can usually pay back your cash advance or other alternative loan product using the money you’ll make during the repayment period.
Some alternative products, like invoice factoring, may not need to be repaid at all – that’s because you sell your invoices to the lender at a fraction of their value, and the lender gets their money back by collecting on the invoices themselves.
The best loan for your business will depend on what you’re using it for, when you need it, and what you can qualify for. Find the best loan for you and watch your business thrive.
How John Accardi Made CRAVEBOX a Top-Selling Amazon Brand
John Accardi started CRAVEBOX in 2014 from his apartment. At the time, he had just dropped out of a Georgetown University PhD program, had no savings, no investors, and no business experience.
Accardi says the decision to start CRAVEBOX was risky and the odds of success didn’t look good. “At the time, I was so excited about starting my own business, I didn’t really recognize all the risk. I just wanted to work for myself and wake up every morning with the freedom to tackle my own to do list instead of someone else’s.”
For the first 3 years, CRAVEBOX operated out of John’s apartment and made no profit. John stayed persistent and had a gut feeling that he was making progress and that success was around the corner.
John said, “Those first few years were frustrating because it felt like every day was a disappointment, but the constant failure motivated me. I got to the point where I told myself I would try forever. I was giving guitar lessons on the side to pay the bills and I decided that I’d work on CRAVEBOX until it either succeeded or I was an old man.” This long-term mentality worked because sure enough, CRAVEBOX started growing. John learned how to optimize his Amazon listings and CRAVEBOX moved into larger and larger warehouse spaces and its staff grew.
Now CRAVEBOX operates out of a 60,000 sqft warehouse space in North Wales, PA with an impressive staff. “I never thought CRAVEBOX would become this successful. It’s been an incredible journey,” says Accardi.
To become a top-selling Amazon brand, John first focused on creating great images. “I realized early on that your product’s main image on Amazon is the most important part of the listing. So I learned photography and most importantly, photoshop, to take and edit fantastic images.” CRAVEBOX products now have the best-quality images in the category which gives the listings an advantage over competitors.
Accardi also focused on price. John says, “To be a top selling Amazon brand, you need to look very closely at your toughest competitors and make sure you are offering a better value. Your product either needs to be better or your price needs to be lower. This will determine your Amazon rank and visibility.” The key to offering great value is of course an efficient business and operation.
Lastly, to build CRAVEBOX into a top-selling Amazon brand, Accardi focused on reviews. “Amazon customers are tough and the only way to build a sustainable product and brand is to sell quality products that naturally collect a high review average. This is challenging but if you can offer a better product than your competitors, you will garner better reviews and rise to the top of the category.”
John is excited to continue growing CRAVEBOX. He is especially excited about their holiday products: Halloween, Christmas, Valentine’s Day, and Easter. He’s also excited about new CRAVEBOX products they’re introducing, for example: CRAVEBOX Kids, CRAVEBOX 110count, and CRAVEBOX Cookies+Crackers.
How to Grow a TikTok Account with CrowdHall: Review
TikTok is the shining star of the social media world lately. This application, which initially featured only 15-second music and dance videos, has now gone far beyond these limits and has breathed new life into the concept of video platform. Because of its popularity, many people are interested in growing TikTok with CrowdHall’s services, and using the platform, which has even influenced the strategies of industry giants like Instagram and YouTube.
Whether you want to become a social media celebrity as an individual or are looking for social media marketing for your business, you need to be on TikTok as much as you need to be on other popular social media platforms. No one wants to miss such an opportunity.
As a Digital Media Expert – What is it Like Using a TikTok Service
I have been using TikTok for the past few months with similar thoughts. I have to say that it is as enjoyable to create content as it is to use the app as a viewer. Because it provides many tools to enhance your videos with a user-friendly interface. But when you get to the content side of the business, the harsh realities of life start to show themselves after a while.
So yes, creating content can be enjoyable, but on the other hand, you also have goals that you want to achieve by using this platform.
You need to grow, that is, you need to gain TikTok followers, you need to reach the likes that will bring you closer to your target audience in the algorithms. Of course, this is not easy, because there is a great competition with millions of content producers in the application. After struggling for a while, I decided to speed up this process. I thought it would be good to use a TikTok service.
I had time constraints and frankly, therefore, it would be good to have someone to help me overcome the painful processes while trying to grow.
However, it was difficult to find a reliable one that offers the services it promises, I finally found it with CrowdHall. If you are curious about this TikTok service -which I am generally satisfied with its services – you should definitely check their page.
The Quality of CrowdHall’s TikTok Growth
Buying organic followers is the most basic feature of such services. Obviously, if you want to test the quality of a service, it is wise to use this option first. If at the end of this process, your account is not filled with bot users and provides meaningful growth, it means that you can move on to other features.
I followed the same method when using CrowdHall’s TikTok services. There are three important considerations for me when buying TikTok followers; first, as I mentioned above, do not to fill your account with bots and dysfunctional users, only buy real and fast delivered accounts.
Real and Organic TikTok Followers
Imagine having a thriving social media account filled with genuine followers who engage with your content and boost your online presence. Sounds like a dream come true, right? Well, that dream can become a reality thanks to the ingenious methods used by CrowdHall Team. Unlike other services that use bots to inflate your follower count, they employ authentic strategies to attract your target audience and entice them to follow your account.
The results speak for themselves – my account now boasts a strong following of real people who are genuinely interested in what I have to offer. And the best part? There’s no cheating or shortcuts involved – just hard work and dedication to ensure that you get the results you deserve. Trust me, the feeling of having a genuine following is incredibly satisfying.
A Reliable Service
When it comes to utilizing social media services, nothing is more crucial than reliability. Our social media accounts are incredibly valuable to us and entrusting them to an unreliable service can be a risky gamble. That’s why I cannot stress enough how impressed I was with CrowdHall’s commitment to ensuring their service is not only reliable, but also goes above and beyond to earn your trust.
First off, their security measures are top-notch. With all the necessary security certificates in place, you can rest assured that your personal information and payment details are safe and secure. And if you’re still not convinced, their refund policy is a testament to their confidence in their service. You can trust that they will do everything in their power to make sure you are satisfied.
But what really sets CrowdHall apart is their exceptional customer support. With a team available 24/7, you never have to worry about being left in the dark. I personally bombarded their support team with a barrage of questions, but they patiently and thoroughly answered each and every one of them, ensuring that I fully understood the process.
Whether you prefer to receive your followers all at once or gradually over time, the choice is yours. This level of flexibility demonstrates that your growth is in your hands and that CrowdHall is dedicated to ensuring that you achieve your desired results at your own pace.
I Bought TikTok Likes to Reach More People
Likes are very critical on TikTok. The more likes your content gets, the more likely it is to be recommended to more users by the algorithm. The likes services offered by CrowdHall are very specific and this is what I like the most. What do I mean? I’m talking about a system where you can even choose the country where the likes come from, so you can focus on buying likes from your targeted region and increase the likelihood of your content appearing in the feed of people there.
You can also subscribe to one of the many like packages. This way, the likes are automatically refilled and you don’t have to buy them over and over again every month. I’ve used this subscription system and I’ve been very happy with it. It’s also very easy to switch to another package, and if you want to differentiate your strategy, you can cancel your current package and switch to a new one.
I Achieved Sustainable Growth by Buying Viewers
As an expert in social media marketing, I can confidently say that increasing your views on TikTok is critical to driving engagement and growing your audience. And when it comes to achieving this goal, CrowdHall’s monitoring services are the perfect solution.
By purchasing their monitoring services, you can increase engagement on your TikTok account and sustain your growth. This service is available for both existing videos and live broadcasts, ensuring that you always have the support you need to increase your views.
One of the most impressive aspects of this service is that the views come from real accounts, not bots. This means that not only will your views increase, but the organic engagement will contribute to your account’s sustainability by getting your videos more exposure in the discover section of the app. And the best part is that you can set this service up automatically for each of your videos, eliminating the need to worry about views every time you share a new post.
But the benefits of CrowdHall’s viewership services don’t stop there. If you’re a content creator who aims to collaborate with brands, increasing your viewership numbers is crucial to attracting their attention.
What Else to Say on TikTok Growth
In short, if you’re serious about growing your TikTok account and attracting potential brand partnerships, CrowdHall’s viewership services are an essential tool in your arsenal. Trust me, the impact on your account’s growth will be undeniable.
The Legal Battle: How Personal Injury Cases Can Change Lives
Accidents happen every day, and injuries vary from minor bumps and bruises to life-threatening situations requiring immediate medical attention. Unfortunately, the physical pain of serious injuries is often not the most difficult part of recovery.
The emotional and economic stress these injuries bring with them can be even more devastating than physical pain. George Salinas Injury Lawyers, a San Antonio-based law firm focused on personal injury law in Texas understands this and uses its influence to help injury victims during their recoveries.
Serious injuries can cause major financial setbacks
When people are injured and unable to work, they often cannot earn enough income to support themselves and their families. At times like these, lost income and mounting medical bills may leave them unable to pay for basic needs such as food or shelter.
When people such as doctors, employers, truck drivers, or manufacturers cause accidents by acting carelessly, breaking the law, or violating safety regulations, Salinas believes they should be held accountable. If people are injured because of another person’s wrongdoing or negligence, his firm enables them to seek compensation for their medical bills, lost wages, and other damages.
Filing a personal injury claim helps them to get back on their feet as quickly as possible.
Injured victims should focus on recovery rather than fighting insurance companies
Clients often ask Salinas whether or not they should attempt to file personal injury claims on their own. Without exception, he strongly advises against it.
Most people believe they would never let an insurance company walk all over them, but they fail to realize that the emotional impact of being in an accident can be overwhelming. If people are not at 100%, they will not have the energy and focus they need to fight an insurance company.
In addition, victims are frequently unable to focus on their cases due to their injuries. This is especially true for situations involving brain damage, concussions, and spinal cord injuries. In these situations, recovery takes months or years rather than weeks or months. These types of injuries require considerable time spent recovering before any progress can be achieved.
Winning personal injury cases requires specialized knowledge from skilled lawyers
Personal injury cases are complicated and require specialized knowledge. With laws changing all the time, the legal system can be extremely confusing.
In addition, insurance companies know they have the upper hand in personal injury lawsuits, and they use that power to their advantage. They have lawyers, money, and resources at their disposal, and they are not afraid to use them. Insurance agents often take advantage of people who do not understand how personal injury cases work by pressuring them into accepting lowball offers right away rather than waiting until after the trial when they might receive a larger settlement.
Personal injury attorneys know how to handle insurance companies during negotiations. Without expert advocates, it is easy for people to become intimidated by large companies with boundless resources. As a result, insurance companies often bully them into settling out of court when a court case could have resulted in more compensation. On the flip side, other victims do not settle early enough in the negotiations and lose out on tens or hundreds of thousands of dollars in compensation.
Salinas and his team are all personal injury lawyers trained to navigate the legal system and help injury victims get what they deserve. They fight to ensure that their clients’ voices are heard and their lives are restored.
Personal injury cases are about more than money
When injury victims file personal injury claims, they are filing with the intent of receiving payment for their injuries. The most common form of compensation is monetary damages for things like:
- Medical bills (past and future)
- Rehabilitation costs (past and future)
- Lost wages (past and future)
The amount of money an injury claim is worth depends on the type of injury or illness suffered, the duration of the injury or illness, and whether victims are permanently disabled in any way. Still, personal injury cases are about more than just money. They are about accountability and effecting change by holding parties responsible for their actions. Even more importantly, they are about justice and helping victims feel whole again.
People hurt due to another person’s carelessness or recklessness deserve a settlement that gets their lives back on track and restores a sense of normalcy.
In the end, a personal injury case is about recovery, but facing insurance companies alone is a daunting task. The team at George Salinas Injury Lawyers sees clients as much more than case numbers. They view each and every personal injury victim as a human being who has had something precious unjustly stolen from them. While they cannot undo the damage their clients suffered, they make every effort to advocate for their loss and earn the justice they deserve.
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