Small business owners often put everything they have into running their business, including every last bit of money they make. After all, business owners are chasing their dreams and often feel any investment they make in their business ought to come full circle and loan them financial security down the road. Unfortunately, that school of thought is a little too simplistic to work out for many small business owners nearing retirement age. The difference between liquid cash and assets tied to business cash flow are great. You may have great numbers coming from your business, but the reality of operating might dictate that you keep re-investing your revenues to keep the business going. Business owners who have put nothing aside may have to rely on extreme financial measures to grow a nest egg in a short amount of time. These measures can include liquidating their business, unattractive to many as they have fought so long to grow and protect it, or diverting revenue streams that

According to Businessweek, while the SBA has approved over $2.3 billion in loans related to Hurricane Sandy relief, only around $411 million has been distributed, approximately 17% of the total approved amount. The long wait for loans has not significantly alarmed state official in New Jersey, who say they do not doubt the money will make its way to them through the right avenues, if given time.  Red tape on the part of governmental organizations dispersing funds is more or less standard, but may be compounded by the recent news that a Baltimore woman along with an accomplice defrauded the SBA for close to $100 million. With the potential for misuse of funds that are so sorely needed by so many, perhaps officials are right to preach patience. In the wake of the Hurricane, Horizon Business Funding pledged $1,000 donations to the Red Cross for each successfully funded business seeking to rebuild or improve in the wake of the storm. The offer still stands. Photo

  Laws mandating that employers loan an hour of paid sick leave to employees based on numbers of hours worked have raised the hackles of many small business owners and lawmakers alike, yet in areas where the laws have already been implemented, the large majority of business owners have found little cause to complain. According to the New York Times, in San Francisco, up to two thirds of business owners already loaned paid sick leave before it was put into law in 2007. Now, six years later, even business owners who were vocally against the measures admit that for the most part there fears were unfounded. Still, some businesses have reported an increase in costs, particularly those that must pay part time workers to cover for those who are out sick. This effectively doubles the cost of labor in the event of a sick worker not being able to come in. Many business owners feel that despite the cost, having sick leave for employees is

Small business owners continued to seek loans in May. According to Reuters, the Paynet Small Business Lending index reported a 9% increase in the index since last year. This indicates that business owners are slowly recovering from the economic trials of the recession and cautiously moving forward. Small business loans are typically used to finance improvements which can lead to increased hiring, a good sign that economic activity and job creation may get a much needed jump start in the next few quarters. The increase in lending belies the fact that many small business owners have difficulty obtaining small business financing from banks. Horizon Business Funding provides options for small business owners outside of the traditional lending space that are fast and easy to obtain, even if they have bad credit or existing loans. The health of the US economy depends on the ability of small business owners to gain access to liquid capital to invest in improvement. The increase in lending last month is

The SBA is planning to implement changes that will broaden the number of businesses classified as small businesses effective on the 22nd of the month. This means that a larger number of businesses will be able to apply for small business loans from the SBA as well as compete for government contracts, as 23% of the Governments purchases are mandated to support small business and loan a boost to the national economy. Thousands of new businesses will qualify in 70 different industries including forestry, finance, arts, recreation and mining. Small business owners who are interested in these newly available loans should check to see if their business can qualify under the new definitions that are about to come out. If your business does not qualify, a merchant cash advance from Horizon Business Funding can be a great alternative.

Few Americans enjoy paying taxes. If and when that tax bill comes, however, most of us complain and pay. But what if you simply don’t have the money? LearnVest, a web platform that aims to educate young people about personal finance, loans this general advice: “First things first: Make sure to file your return. That way, you avoid the failure-to-file penalty.” LearnVest then breaks it down by amount owed. If you owe less than $300, they advise paying the bill with a credit card. “If you are just waiting for a paycheck and can pay it off at the end of the month,” LearnVest writes, “there’s no reason not to put it on your credit card.” If you owe more than $300 but less than $1,000 they suggesting taking out a loan. When you owe more than $1,000, LearnVest says, it is time to set up an installment plan with the Internal Revenue Service. Doing this comes with fees that vary depending upon payment method and financial

If you are in the business of sales, or just like to shop The Horizon Business Funding Blog is the place to go this month   Each month this year The Horizon Business Funding Blog will loan its pages to a different business sector or business theme. We will look at these topics from a variety of angles, exploring the triumphs and challenges. Here you will find stories about the news coming from these industries and the news impacting them. So it should be no surprise that, in honor of the holiday season (and all the buying that comes with it), for the month of December the blog will be dedicated to retail and consumer sales. Here are a few seasonal shopping facts to get us started: Time magazine reported, that ShopperTrak estimates physical-retailors raked in approximately $11.2 billion on Black Friday This was a 1.8% drop from Black Friday in 2011. Time, however, explains the drop this way: In-store sales on Friday itself fell,

There is no such thing as a good time for a hurricane, but Sandy struck at a particularly innopportune time for many retailers. With the holiday shopping season fast approaching, Sandy has disrupted supply lines, made shipping routes impassable, and shut down ports and warehouses. Some of the country’s largest shipping and logistics companies, including FedEx, are behind several days on shipments, and retailers such as Amazon have advised customers to expect delays on their orders. Retail businesses that depend on holiday inventory at this time of year are anticipating significant losses due to delayed and canceled orders. Some economists have predicted a reduction of as much as half a percentage point in fourth quarter growth as a result. With the holiday shopping season set to intensify starting on “Black Friday” in just a few weeks, there is scarcely any time left for retailers to order merchandise in preparation. Many businesses have already advertised items that they will likely be unable to stock. For business has launched a new program called Amazon Lending offering loans to online sellers. Although the program has not been announced publicly, retailers in Amazon’s marketplace have reportedly received e-mails with offers for financing from Amazon Capital Services, Inc., a new division of the company. The new merchant financing program targets online sellers  who do not have enough up-front cash to purchase inventory to be sold on Amazon’s marketplace. Amazon Lending provides loans to participating sellers and collects repayment by taking a portion of their sales revenues. Amazon is pre-qualifying certain marketplace sellers based on their sales, and is reportedly lending up to $800,000 to some merchants. Funds can be used to purchase additional inventory. Payments are automatically deducted from merchants’ accounts on a monthly basis. Like other funding providers, including direct lenders like Horizon, Amazon is stepping in to fill the demand for loans left by banks that have curtailed lending in the years following the financial crisis. By increasing the availability of financing, Amazon

Alternatives To Bank Loans For Business Owners With Bad Credit The number of small business owners applying for loans continues to dwindle, with many reporting a lack of confidence in their likelihood to secure financing. Recent polls conducted by the Federal Reserve Bank of New York and the Small Business Administration indicate that a growing number of business owners are choosing not to apply for loans at all. Additionally, many of those who have applied for funding reported being denied due to issues such as having no collateral or low credit scores. These trends indicate that business owners whose loan applications have been denied by banks are increasingly likely to give up on securing financing altogether. However, there are a variety of alternative financing options available for entrepreneurs with bad credit. Merchant Cash Advance Loans issued by banks require applicants to undergo an extensive review and approval process, put up collateral, and meet minimum credit requirements. For business proprietors who need capital right away, have

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