Feed for content matching tag 'capital'

I need a short term Loan or Line of Credit

updates@sbcommunity.bankofamerica.com — Tue, 03 Jan 2012 16:04:15 GMT

I need short term Loans and line of credits to facilitate the purchase of vehicles for my customers. Visit my website autosghana.com and you may understand what I am talking about. Anybody has an idea about these types of loans and its requirements?. Although it is an international business, my business incorporation is in the USA

How does one go about finding investors?

updates@sbcommunity.bankofamerica.com — Tue, 12 Jul 2011 03:08:40 GMT

Hello all!

I'm new here and my name is Beth. I co-own (along with my husband) a small handmade confections company in Los Angeles. We have been in business almost three years online. We started out slowly but for the last year and half we have had to turn away business and features because we can't keep up with demand. There is only the two of and we have to rent a shared kitchen which makes it difficult to hand make all that we're capable of.

We have a commercial realestate agent looking for a spot and we have explored the SBA and traditional loan venues. What I was wondering is, how difficult is it to find "Angel" investors.

We have a solid business plan as we've been in business for years.

We support oursleves solely with our business, neither one of us works outside of our business.

Our idea for our shop makes it a destination. We have an idea that no other sweet shop has ever introduced.

We have a solid amount of press. We do, as I said have to turn some offers down because we can't keep up but we feel that we have a solid branding and we have amazing word of mouth advertisement.

Any information would be really helpful. We know it may sound odd that we have just begun looking for retail options but we felt it was important to make sure we knew what it was like running a business before we tried to open an actual storefront.

Thanks in advance!
Beth

Do you have an experience in writing a good business plan for International Business

updates@sbcommunity.bankofamerica.com — Tue, 03 Jan 2012 17:04:55 GMT

I have an auto business, autosghana.com and will want to know if somebody can help me in writing a good business plan since it is international for the purpose of getting a business loan

Single mom seeking to start business BUT need major help

updates@sbcommunity.bankofamerica.com — Tue, 01 Apr 2008 17:12:03 GMT

Ok here is the story. I want to open a children's boutique in a rapidly growing area in my state. I am seeking to make this a women run business and I have found tons of suppliers. I have been working from home for about 6 months and I have made a small amount but most turns and goes back to providing more advertising, inventory, supplies, etc. I want to have a brick and mortar store and I have figured that it will take about $150,000 to start. I got a tip that tripling what I really think it will take is how much I actually need, that is why I am seeking such a large amount. MY PROBLEM???
I have not assets to guaruntee, bad credit and I can not get financing from anyone. I am seeking anyone who wants to invest, back me, or know some where that will help me. I am working on my credit and I realize that although they say you can, you can not get financing without good personal gauruntees.However, I have not been in business long enough or have good enough credit for any of this. PLEASE, PLEASE, PLEASE HELP ME!!!!

Apple Capital Group, Inc.

Looking for Investor for Start-up in a Diamond Business.

updates@sbcommunity.bankofamerica.com — Tue, 29 Jul 2008 00:46:39 GMT

Currently looking for an Investor for start-up in the diamond business. Will be doing sale of rough diamond parcels and cutting of diamonds. A business plan is available.

How to buy a good business without using your own money

updates@sbcommunity.bankofamerica.com — Thu, 22 May 2008 21:54:50 GMT

How to buy a good business without using your own money - Part 1 - Why This Works:

We all know the principle of leverage.

In its primary application it is where you use tools and positioning to increase your power and ability to lift or work with heavy objects.

Archimedes stated "Give me a lever long enough and I can move the world".

Well, we don't need to move the world and we are not talking about moving heavy objects but in its truest application, leverage can be used in financial transactions just as in mechanical applications.

You can use the principles of financial leverage to buy a good, solid business without using your own money.

Financial leverage is a fancy way of saying "Other Peoples Money".

When you use other people's money to buy a business it's called a leveraged buyout or LBO.

Leveraged transactions (LBOs) work this way:

The buyer finances the transaction with funds borrowed against the assets and projected cash flows of the business being acquired. Through the use of proven deal structure the buyer accommodates the needs of the business owner yet creates a means to defer additional cash required to purchase the business from them.

Leveraged buyouts are financed chiefly with borrowed capital (from lenders and even from the business seller themselves), not only because such funds are readily available, but also because if you used cash to buy equity you actually lower the return on your investment than when transactions are financed predominately with debt and cash deferral deal structure.

Debt is less costly than equity financing for two reasons. First, equity is at greater risk. It is subordinated to debt, trade creditors, and others as to rights to the cash flow of the business.

If you funded the acquisition through bringing in equity investors, they expect substantially higher returns on their investment than do lenders.

Second, interest on debt is a deductible expense whereas dividends on equity are paid with after-tax dollars. So from a buyer's standpoint it is more costly for your business to provide a return on equity than it is to provide the same level of return on debt.

You structure the leveraged buyout of a business by using the assets and cash flow of the business to finance and pay for the entire purchase price; both the cash down payment and the monthly installments to pay for the business.

The business buys itself and you own it.

This way of buying business has been going on for decades; earliest actual reports of LBOs date back to World War II and no doubt occurred even farther back than that.

In fact leveraged transactions such as LBOs are so accepted by the financial communities that an entire financial services industry supports these types of transactions.

Even the Business Brokerage industry is trying to educate people to the benefit of using creative ways to structure deals; recently the International Business Brokers Association distributed an article entitled "Creative Financing for Buyers with Limited Capital".

Brokers understand that the more they can educate buyers to use the same tools as we discuss in this book, the more businesses they can sell.

We know that if you are reading this, that you might be interested in buying a business of your own. But you probably have two main questions:

Who would sell me a good business if I don't put my own money into it?

And ...

Can I really do it?

Those are good questions; we'll answer them directly.

Right now we're entering a period of tremendous availability of good solid businesses; baby boomers that own businesses get older every day and many of them need to find a way to exit their business as best they can. And remember just because you do not put cash of your own into the transaction; it does not mean that the seller does not get a cash down-payment and other acceptable terms to satisfy them in order for them to sell their business to you.

Yes. Leveraged buyouts and buying businesses without using your own money is done every day countless times in the United States and internationally.

Most people think that they have to have a lot of their own money to buy a business.

That is just not true.

It does take money to buy a business but again we're talking about learning how to use other people's money ... not your own!

Perhaps you have another question like "I've heard that it is very hard to find money to start a business ... why would someone provide money for me to buy a business?"

Here's why:

It is cheaper smarter safer and much faster to buy a good business rather than to start one.
Established businesses have proven revenues and cash flow.
They have existing customers and supplier relationships.
The financial communities know that it is much safer for them to put money into an established business as compared to a start-up business.
The financial community that we mention above is familiar and comfortable in working with business people in leveraged transactions for solid established businesses.

They understand their business and what's more they are comfortable and understand the businesses of their clients.

They know that asset-based transactions are a good investment for them and that historically they have worked well for many buyers who use their services (and capital) to buy businesses.

Keep in mind, as an example, if you buy a successful business for $1 million using other people's money; you own a significant asset that produces a regular income.

It doesn't matter if you bought the business without using any of your own money.

When the financing is paid off you will own a $1 million business asset free and clear. Paid for by other people's money that is paid back from the cash flow of the business!

The business market favors the knowledgeable buyer!

Right now we're entering a period of tremendous availability of good solid businesses as baby boomer business owners look to exit their businesses.

Here's a couple of interesting statistics from the business brokerage industry:

Over 90 percent of the people who began the search to buy business fail to complete a purchase and they look at business for sale listings for eighteen months yet still never buy

Only 25 percent of business broker listings sell; 75 percent of the business listings do not sell

So we have a very significant and dynamic event shaping up. More business owners than ever in history reaching a point where they need to sell, faced with people who want to buy but 90% of the time, never do!

Why do "buyers" not buy and "sellers" not sell?

I have been involved in literally hundreds of types of transactions over the course of my business career and I can answer this question with absolute certainty.

Lack of knowledge.

Buyers that do not know how to find, evaluate, structure and negotiate transactions and business owners who do not understand how proper valuation and deal structure can help them sell their business for a fair (in some cases premium) value and with a structure that optimizes tax benefits for them.

For buyers that understand these things there will be hundreds of thousands if not millions of dollars made by them over the next few years as they are presented with opportunities from thousands of business owners motivated to sell their business.

Again you don't need your own capital, you just need to learn how manageable leveraged transactions are done and go out and do it.

You've probably seen the big business buyers always in the news. There are hundreds, if not thousands, of smaller business buyer success stories that happen every day that you never hear about ... setting their life up so that when they retire, it will be with a pile of money ... and all they are doing is buying businesses using other peoples money.

The huge number of available businesses out there and business owners interested to sell their business coupled with the fact that there are not enough knowledgeable, truly knowledgeable buyers out there is one of the main reasons why this works when you become one of those knowledgeable buyers.

The point that we make in this book is that the cash for the down-payment does not have to be yours.

Asset based and collateralized lending has been around for hundreds and thousands of years.
Using the assets and cash flow of a business to help you buy it is something that's commonly accepted in the financial community.
There is a whole industry of lenders and investors who focus just on that very thing.
There are literally hundreds and thousands of investors and lenders that put money into businesses based on the assets of the business and its cash flow and ability to pay the money back.

All of the above, are the reasons that leveraged transactions have worked in the past, they work today and will work in the future!

If you are interested in this thread let me know and I will post: Part 2 - "How It Works".

NYBC

WANTED: Business Line of Credit

updates@sbcommunity.bankofamerica.com — Mon, 07 Jul 2008 22:46:53 GMT

This well established and growing commercial construction corporation is currently debt free with all tools, vehicles, materials, office equipment, and other assets having been purchased from revenues generated by the company. Due to good business practices and increasing sales (and therefore increasing A/R financing), the company is seeking a $250,000 line of credit to improve cash flow.

The company currently holds the following types of public and private contracts:
* Federal Government
* State Government
* Commercial (repeat customer base)
* Residential (high end)

What we DON'T have:
* Established Credit History - Because the company has purchased everything with existing funds and non-reporting trade accounts, it has not established a proper credit history, nor can the shareholders' personal credit histories be used to determine credit worthiness for the corporation.

What we DO have:
* Existing and upcoming contracts
* Existing Accounts Receivable
* Some assets (but less than $250K)
* A professional management team
* An excellent business plan

If you would like to know more about the company, please post contact info and some information about you and/or your company and your lending requirements. If appropriate, we will send you a link to our business plan.

Thank you!

Innovative Start-up Company is Now Seeking Funding

updates@sbcommunity.bankofamerica.com — Sat, 16 Aug 2008 19:12:13 GMT

Funding found! Offer is now closed.

Do I look for investors or the Bank- International Business

updates@sbcommunity.bankofamerica.com — Wed, 16 Nov 2011 07:34:10 GMT

My business wants to take bank guarantees and letter of credit as a formal form of payment because it gives our customers more security as the business is international. We financially are not there yet as to how expensive the cost of vehicles could be when it comes to purchasing before getting our money back from the bank. With a 100% purchasing cost deposited we will have to pay the cost of the vehicle for our customers which could range from 3 to 5 cars a day with an individual average purchase of about $7000. Does anybody get an idea of what I am saying?

Can you get a Small Business loan from Bank of America?

updates@sbcommunity.bankofamerica.com — Fri, 17 Apr 2009 18:39:47 GMT

I've researched SBA site. I've researched through google. I've taken books out of the library (which I havent had a chance to read yet).

I see no clear explanation of have to get the loan- even on the SBA website!!!!

Help I want to start a law firm

Can I get a business credit card with my EIN number?

updates@sbcommunity.bankofamerica.com — Wed, 06 May 2009 13:50:39 GMT

I recently started my company a little over a month ago, obviously I'm not trying to get into a bunch of credit card debt but would like to have a nice low starter card for the company for those small business expenses i.e. printer ink, business cards, monitors/pc equipment etc. currently I'm using my personal card for these type items and its starting to wear on my own credit so I tried to receive a company card from Citibank but was denied due to my credit. Is there a way to obtain a company card using the EIN number or do anyone know of a lending organization that would issue a business card to a person with fair/good credit (650-750)?

Thanks

New Small Buisness, looking for investors

updates@sbcommunity.bankofamerica.com — Fri, 27 Jun 2008 00:18:55 GMT

I need to find investors for a new business in Boise Idaho. The business is a concierge service. I have done all the work and it has a great potential. I have everything setup, the website, business phone number, brochures, business cards, business plan and purchased office equipment. I have invested over $4k on all this and I need enough $ to hire couple people and to buy more advertisement and marketing. I tried the traditional way, but most banks will not deal with start up businesses and the ones that do, want 3 years of income projections and the cost of having somebody put this together is around $2500 and is not guaranty I will get the loan.
I do not need a large amount, but enough to keep the business going for 6 to 12 months. Anything will help.

Financing your clients?

updates@sbcommunity.bankofamerica.com — Thu, 06 Oct 2011 23:31:34 GMT

I have a question to ask the members of this forum.

I am looking at a business that offers financing to consumers of your business. It sounds like a much needed service in this economy and it is looking good so far. They will finance anything just about anywhere from 1000. to 30,000. It is easy and quick, my fear is that the market is over saturated. This company will finance down to a 550 FICO score.

I am not involved as of yet, but would like to know if merchants are looking for this type of service.

Please let me know.