An alternative to a bad credit business loan refers to a source of capital that small businesses can access, even if they have poor credit scores or other issues that would typically prevent them from getting approved for external financing. What is the importance of alternatives to traditional loans? At first glance, having multiple options for financing a small business outside of what is offered by traditional banks seems redundant. Business owners who are even aware of other options may be wary of them, as outside of the realm of a bank loan there are many different products and entities, some more beneficial for small businesses than others. However, when it comes to the question of whether or not these alternative capital sources are important, consider this; the average 7(a) loan amount in fiscal year 2012 was $337,730. Why is that significant? Because it demonstrates an important reality related to small business lending. The fact is, many of the enterprises we typically think of when

A new bill introduced by Senators Mark Pryor and John Boozman proposes to change the way that commercial truckers are tested for substance abuse problems. The bill proposes the introduction of hair follicle testing to compliment the trucking industry’s current practice of urine testing, which the authors of the bill state is less effective in detecting substance abuse and is more easy to cheat than hair follicle testing, which can detect substance use as far back as 90 days prior to the testing. The bill is supported by the Arkansas Trucking Association, and has bipartisan support, being touted as a common sense solution for reducing liability costs in the trucking industry. With lower liability costs on shipping, savings can be reflected in the profit margins of logistics firms. Additionally, small business owners, who rely on the US shipping infrastructure for many of their raw materials, wholesale purchases and shipping of products, may benefit from lower costs of shipping passed on from reduced firm overhead. Currently, only

There are many ways to increase the bonds that small businesses share with their best customers, from rewards programs, to community events. When it comes to deciding how to stay in contact and deepen your rapport, it’s important to factor in the financing aspect for your small business, balancing your ambitions and you cash flow and ensuring that you get a good ROI on the money that you do spend while keeping your customers happy. One of the best principles that small businesses can espouse is taking what you already have and making it work more for your business. A perfect illustration of this concept can be found in the creation of a newsletter. So your small business has a social media presence? It’s also got a blog? Great! Then you already have everything that you need in order to put together a newsletter that can boost both your site’s traffic and the size of your social media presence. Here’s how it can work for you. Step 1:

There is large number of small business owners in the US who, due to one reason or another, have poor credit scores. While credit can affect a wide range of things in a person’s personal life, including the rental of an apartment to things as wide ranging as the ability to find a spouse or get hired, it does not mean that life is over for the person who has it. On the contrary, small business owners with bad credit actually have more options open to them than many of them realize. The ability to obtain financing to grow a small business is incredibly important, and while some banks will fund bad credit business loans, usually backed by the SBA, many will find that the traditional banking institutions that they would typically approach when trying to access credit will turn them away as a result of an extreme aversion to risk. Some of the typical reasons that business owners seek bad credit business loans and their

Here’s some food for thought; the commercial trucking industry, while not often thought of by your average restaurant goer, has a whole lot to do with what winds up on your plate when you sit down to eat. Recently, commercial trucking was brought into the news through the debacle surrounding the Trucker’s Ride for the Constitution, a protest that, while not endorsed by major trucking groups including the American Trucking Associations, gained viral support despite a low reported turnout. The logistics sector in the US is integral to our infrastructures, allowing for the wide range of products offered in supermarkets and by extension, in our restaurants. The main factor to consider in commercial trucking that could effect the restaurant industry going forwards is the constraint of freight capacity. As the economy has been racked with problems over the past few years, commercial trucking firms have been growing at a slower rate, not willing to tempt fate by expanding without sure signs of economic growth in

New reports on industry growth are suggesting that the automotive industry may be finally showing signs of recovery. A recent Business Insider article points out that the industry was particularly hard hit after the start of the economic turmoil beginning in 2008, plagued by high prices for fuel, diminished sales volume and the effects of the poor economy at large. Similarly, in the commercial trucking industry, growth has been stagnant due to a fear of risk on the part of small business owners who are not comfortable pursuing expansion projects with the uncertainty surrounding taking on more capacity in a negative economic climate. Only now, with signs that recovery is finally coming into place can these business owners start thinking about their expansion without the timidity associated with trends in recent years. In fact, the possibility of a “capacity crunch” on the part of the trucking industry is possible if retail volume increases during a period of rapid economic development, according to American Trucking Associations Chief

  In today’s busy world, winning a larger share of your market can come down to one simple factor: are you more or less convenient than your competition? One way to ensure that you can serve your customers in a way that works for them is by taking your business model on the road. Increasingly, businesses have been going fully mobile, ditching a brick and mortar location in favor of a van from which they can run their operations. While this may seem like a drastic step, in reality, there are some serious benefits that are associated with going mobile. For one thing, it turns your location into a mobile advertisement. By having a mobile workstation, you are able to advertise your small business all over the neighborhood, literally, as you will be driving around from place to place in the course of your day. Taking steps to customize the appearance of your vehicle can turn your mobile business station into a local legend; the more outlandish

As a business owner, your cash flow is like your pulse. At all times it should be kept strong through a knowledge of responsible spending as well as a cohesive plan for obtaining capital should the need for expansion, wage payments, or other pursuits that require liquid cash arise. The economic climate of the last few years has been a tough one for many businesses; bad credit, devalued property and assets and increased requirements on the part of banks have made small business lending into one of the most hard-hit parts of the financing world. The ability to easily apply for credit from banks used to allow small business who wished to grow the option to access capital at will. Today, when a business owner goes to those same banks, they are much more likely to be turned away. An additional problem that faces many business owners goes beyond the increased lending requirements that they face. High risk industries as designated by banks include some

Yesterday President Obama signed into law a bill that ensures any official sleep apnea testing ordered on commercial trucking firms be subject to Federal regulations as opposed to guidelines. The significance of this is that guidelines have the potential to be much more confusing and less regimented than regulations. Another factor in the decision, which was applauded by trucking organizations including the American Trucking Associations, is the fact that regulations require much more due diligence and testing before they are able to be put into place. The annual costs to the trucking industry associated with the sleep apnea testings could potentially be as high as $1 billion annually, a not insignificant amount of expenditure. The requirement for formal regulation means that it will now be much more difficult to put mandated testing into place, which may save the trucking industry much money. The dangers of drivers on the road with sleep apnea are real as well, however. The requirement for formal regulations also makes it

The Truckers Ride for the Constitution, scheduled with much ado for today, Friday the 11th, has seemingly caused no actual traffic on the Beltway highway in Washington. The protest was organized by a handful of personalities, including an internet radio host and a trucker named Ernest “General” Lee. While the Facebook page for the event boasts impressive numbers, with thousands pledging their digital support, the Washington Post reports that only around 30 trailers and pickups actually manifested to press their cases against the government. While traffic was reported on the highway during the morning, it was attributed to rain and not the mass of truck drivers, who apparently spread out into smaller groups traveling at the speed of the traffic around them. A single instance of the truckers blocking all four lanes and slowing to 15 mph was broke up by warning from traffic police, with no arrests made or tickets given. While this morning did not cause any interruptions in commuting, the organizers of

TOP css.php