Determining the legal structure for your small business (free online workshop)

Here is a free online workshop from SCORE that provides a good overview to help you determine the best legal structure for your business.  It covers Sole Proprietorships, Partnerships, Corporations, and Limited Liability Companies (LLCs)  http://www.score.org/Legal_Structure.html  #smallbiz #Tennessee #Georgia

Non-profit working capital loan program criteria

Working capital financing with terms of 1% to 1.5% per month for eligible non-profits with short-term capital needs.

 

Eligibility:  501 ( c) 3 organizations in Georgia and Tennessee.

 

Amount: up to $10,000

 

Interest Rate: 1% to 1.5% per month

 

Term: up to 6 months; can be extended for another 6 months

 

Collateral: Generally a first lien on cash and investments, contracts and accounts receivable and present and future contributions.  Approval may require other or additional support

Fee: $100 due diligence fee

 

 

Adrian Davis

678-868-1885

www.acdfinancial.com

 

#nonprofit #Tennessee #Atlanta

 

 

 

Veterans Starting Their Own Business

The SBA reports that nearly one quarter of veterans say they're interested in either buying or starting their own small business.  Interestingly, that percentage is even higher among female veterans. But the bad news is that financing is difficult for new business owners since the recession.

Veterans will be happy to know that accounts receivable financing can assist them in the start-up phase of any new venture, when cash flow may be tight. New business owners often use factoring to help pay for employees, and cover bills and expenses until their business is up and running strong. There are many factoring companies nationwide, but for more information on invoice factoring, go to www.acdfinancial.com.

 

10 worst credit card mistakes

http://articles.moneycentral.msn.com/Banking/CreditCardSmarts/10-worst-credit-card-mistakes.aspx

Chase Doubles SBA Loans to Become #1 in U.S., Helps 3,300 Small Businesses in 2010

If banks are making small business loans, why is it that small businesses are unable to obtain financing.  Invoice factoring (financing) is easier to obtain than a bank loan.   http://www.marketwatch.com/story/chase-doubles-sba-loans-to-become-1-in-us-helps-3300-small-businesses-in-2010-2010-11-15?reflink=MW_news_stmp  #smallbiz

 

SBA Business Loan Program Expanded by SunTrust Bank

Here is some encouraging news for small business owners.  SunTrust Bank is expanding its small business loan program.  Please note that obtaining working capital using invoice factoring (financing) is easier than a bank loan.  www.acdfinancial.com.  #smallbiz

 

SBA Business Loan Program Expanded by SunTrust Bank
by _anitalancaster_ (http://businessservicenews.com/author/anitalancaster/)
on November 15, 2010

The SunTrust Bank has decided to expand its SBA business loan program and
business activities in a bid to attract more small business clients. The
bank also plans to focus on advisory and online services.

SunTrust is already training its business bankers according to client
needs. It is particularly giving training on cash flow cycles.

Similar step is being taken by a number of other banks in Washington.
SunTrust is planning to expand their SBA business loan program next year
with a team of SBA bankers. The bank believes that business banking is
becoming quite easier for the people who are in need of loan and it should play a
part is helping them at the cheapest rate.

Although steps taken by SunTrust focuses their existing product offers like
mobile banking and cash management evaluation, it also highlights their
overall marketing objectives. According to SunTrust’s regional president and
chief executive for greater Washington, Scott Wilfong, business bankers are
getting ready to help businessmen to expand their businesses in right way.
He also added that this is a holistic approach as well as a great way to
support and advice companies along with personal finances that will make
overall businesses healthier.

The SunTrust Bank is the sixth-largest SBA lender in Washington. The bank
is recognized for making 38 loans valued at $9.1 million for fiscal year
2010. It is the third largest bank in Washington with 180 branches as well as
$14.4 billion in deposits. It maintained a well reputation in banking
industry over the last several years.

 

Will you receive all of your income tax refund in 2011?

Call (800) 304-3107 begin_of_the_skype_highlighting to find out.  Your tax refund or a part of it can be seized for federal, state, or local debt from defaulted student loans, to unpaid property taxes, to child support, etc.  Call (800) 304-3107 and follow the automated system.  The auto-attendant will let you know if you are clear.  If something is flagged it will provide contact info for the agency wanting your tax refund.  #smallbiz #Nashville #Atlanta #Memphis