20 Oct
Posted by admin as Entrepreneurship
Finding specific information about small business financing might not be easy but we have gathered very helpful and relevant information about the general subject matter, with the ultimate aim of helping you out. Even if your search is about other small business financing information, such as business loan minority, free domains, small bookkeeping or even starting a small business at, this article will prove very helpful, to say the least.
01 Aug
Posted by admin as Finance
If you have been struggling with trying to stay in business, you're not alone. The slow economy has been responsible for affecting the lives of millions, for the US and everywhere else. American's President Obama has seen what homeowners, companies, and consumers are going through, and put forth a $787 billion stimulus in February of 2009 to promote economic growth.
Among those who are pegged to receive assistance through funding and the addition of jobs include scientific research groups, schools, energy programs, Medicaid, and contractors. But what about small business owners? Are you eligible? How do you go about the application process?
Since June 15, 2009, the United States Small Business Administration has been processing deferred payment small business loans of as much as $35,000 to be given out to 10,000 small businesses. This is covered by the SBAs Americas Recovery Capital (ARC) loan Program.
To qualify, companies should be private enterprises that are for-profit. They should have up to five hundred employees only and should be at least two years old. Furthermore, they should be able to prove financial need with a twenty percent decrease in sales, revenue or working capital. On the other hand, they should be able to prove that one of their two years in business has been profitable, and that with the infusion of cash they will be able to meet their existing and future debt obligations. This means positive cash flow projections. The ARC small business loans are intended to be used to pay outstanding debt such as payables to vendors.
It is often assumed if you want to accept credit
cards on your website that you must have a merchant
account. This is not the case. You can accept credit
cards with a Third Party credit card processor.
1) What is a Third Party Credit Card Processor?
A Third Party credit card processor is a company that
will accept credit card payments on behalf of you
or your company. The payments your customers make are
processed through the Third Party's own merchant
account, and you the retailer is paid (minus a commission
fee) by the Third Party processor.
A bank allows businesses to accept credit cards, gift cards and debit cards by having a merchant account. A merchant account is a specialized bank processing account that uses a credit card terminal.
A bank allows businesses to accept credit cards, gift cards and debit cards by having a merchant account. A merchant account is a specialized bank processing account that uses a credit card terminal.