Category Archives: bank-statement-loan

Get a Bank Statement Loan for your Businesses today.

Niche bank statement loan program. No need to try to provide major Collateral or high credit score. Get a bank statement loan today based on what your company already has – Sales! If your company has sales, it can be approved within 24 hours. Credit scores as low as 500 and lower.

Call either of the following numbers. On Mobile you can tap either Tel # link, 1-919-771-4177, or 1-855-787-1113 and press dial.
You can compose and send an E-mail to EMail me now by clicking on EMail me

Business owners ask:
Our company has excellent cash flow and has shown a long previous history of being able to amortize debt. Why should we be declined for limited collateral or “derogatory” personal credit?

We agree!
Small business loans depot can provide a loan against your bank statements now. If your business has the cash flow, we can assist you in getting money, quickly and easily.

Complete the Contact Us on the menu above, or call us Today Toll Free at: 855-787-1113 & start your bank statement loan today!

Bank Statement loan features
– High Approval Rate
– Among the highest qualification % of any business financing
– EVERY business has Cash flow
– Approximately 3 months bank statements requested, Quick
program only 1 Months statement required
– 1 Page Application
– Fast turnaround, one or two day approval common

Frequently asked Questions:
Question: Can you tell me if I will qualify?
Answer: If your business has at least $10,000 or more per month in deposits, makes 5 deposits per month
and has an average daily balance of $3,500 or more, your business can qualify.
Question: Do I have to provide a lot of extra documentation?
Answer: No. You only need to provide a simple one page application and the most recent 3 months business
checking account statements for approval.
Question: How long does the whole process take?
Answer: The approval process is one to three days. The entire process takes approximately 5 to 8 business days
and funds are wired directly into your business account.
Question: Are there any application fees or closing fees?
Answer: No. There are no application fees, no upfront fees and no fees paid to close.
Question: How much can I qualify for?
Answer: You can qualify for approximately up to a maximum of 100% of your monthly deposits or average daily balance. The amount of the bank
statement loan will also depend on the time in business, and the average daily balance. If the business has business credit, this can help as well.
Question: My business is growing and I will need more funding later. Is the process for higher limits based on growth?
Answer: Yes, limits are increased almost automatically as you grow. As your cash flow numbers grow and you repay, the limit on this loan will increase and you can borrow again for any of your business needs.

01/17/2015 – For immediate Release – Fury Gaming Designs, Inc. in San Jose, CA announces $150,000 bank statement loan line through Smallbusinessloansdepot.com. President Sanjay Singh stated, “With this line, Fury Gaming will be able to enter into larger contacts with media clients. Additional technical staff and programmers will be added and pending government contracts will be completed. Fury Gaming will become a leader in the male 12-16 gaming segment in 2015”

08/21/2014 – For immediate release – Hightower communications of New York establishes a $200,000 new line through smallbusinessloansdepot.com. President Michael Montgomery announced “This bank statement loan and line will give Hightower Communications the ability to become the main provide of mobile technology in the upper New York region. We will also expand into cellular technologies and applications. We look forward to working with Smallbusinessloansdepot.com to provide us with our financing needs.”

6.1 Million workers displaced from 2009 to 2011

According to the Bureau of Labor Statistics report dated Friday, August 24th, 10:00 A.M., 6 million workers were displaced from January 2009 to December 2011 for jobs that those workers had held for more than 3 years.     This figure does not include jobs in which the workers held the jobs for less than 3 years.

As of January 2012, 56% of those displaced workers have be re-employed.

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loan resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Thank your for visiting our Small Business Loan resource page!

 

Bureau of Labor Statistics – Labor productivity rises

According to the Thursday August 30th, 2012 report by the Bureau of Labor Statistics, Labor productivity, defined as output per hour, rose 1.9% in wholesale trade 2.2% in retail trade, and was unchanged in food services and drinking places in 2011.

Productivity growth was lower in all three sectors in 2011 compared to 2010.   Unit labor costs, rose in wholesale trade and in food services and in drinking places in 2011, but fell in retail trade.

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loan resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Thank your for visiting our Small Business Loan resource page!

 

Gas prices spike $.31 in August

Gas prices have spiked $.31 in August to an average of $3,83 per gallon.   This price beats the previous Labor Day high of $3.68 set in 2008.

Some of the increase has been attributed to Hurricane Isaac.    AAA estimates that approximately 33 million Americans will travel 50 miles or more, including 28.2 million by car.

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loan resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Bernanke calls for tighter control

In an April 9th speech at the 2012 Federal Reserve Bank of Atlanta Markets conference in Stone Mountain, Georgia, Chairman Ben Benanke said, among other things, “our economy is far from having fully recovered…. from the darkest days of the financial crisis.”

Bernanke also was in favor of closer oversight of non bank financial firms.  He noted that currently, some important non bank financial firms which avoided strong comprehensive oversight were significant contributors to the 2008 and 2009  financial crisis.

Bernanke also wants tighter controls of what he referred to as “shadow banking”.   Shadow banking refers to the intermediation of credit through a collection of institutions and markets that lie at least in part, outside of the traditional banking system.

 

Leaseback – What percent against computer equipment?

When a business is considering a leaseback, what percent of the value of the computer equipment will the loan typically be for?

In a leaseback transaction, the owner of equipment sells the asset for cash and leases it back, obtaining working capital. When the transaction involves computer equipment, the percentage obtained against the asset will typically be lower than for other equipment. The percentage will vary depending upon other factors such as time in business, business credit, personal credit and the amount of the request.

Get a leaseback on computer equipment now by calling Toll Free: 855-787-1113 today, or simply complete the “contact us” form in the menu bar above and representative will contact you!

The percentage loaned against the asset in a leaseback will range from 20% to 80%. Computer equipment depreciates in value very quickly. After only 1 year, the equipment may often be worth only 75% of the original value, sometimes less. This is a significant drop.

While the technology is almost always important in a leaseback, the technology needs of other types of equipment will usually not be as great. This includes restaurant equipment, construction equipment, machinery, and vehicles.

The quick drop in value has consequences that do not happen as severely with other types of assets in a leaseback. Because the value drops so much so quickly, if any party is forced to sell the equipment after 1 or 2 years, the market for selling this equipment becomes difficult because the technology updates so rapidly.

Since technology requirements are such a significant part of the reason updated computer equipment is purchased, buyers of computer equipment, especially businesses, may not be motivated by the price difference. A higher priority for businesses will often be the technology that allows their business to function as efficiently as possible. Businesses need to offer their customers the best service. Businesses also need to be up to date against their competition and preferably, have an advantage over their competition.

Due to this, in a leaseback loan transaction, they will likely be offered a low percentage against this type of equipment due to the difficulty and lower return in the event the equipment has to be sold.

Small Business Loans Resources:

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loans resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Thank your for visiting our Small Business Loans resource page!

Will Supercommittee cuts affect small business?

The supercommittee was established in the aftermath of the debt ceiling debacle to recommend solutions to the federal budget deficit. It’s due to report recommendations by November 22nd.   Will it’s recommendations affect small businesses?

The answer is most certainly yes and indications are it appears the expected decision by the supercommittee certainly affect businesses in a negative way in the short and medium term.

The supercommitte has to decide whether to recommend just spending cuts, or a combination of spending cuts and higher revenues, a euphemism for higher taxes.   If the supercommittee provides recommendations that are heavy or solely cuts,  expect steep cuts to major government programs in the next few years.     This will have to include cuts to major programs such as Social Security, Medicare, Medicaid, NASA,  and defense, if the reason for the existence of the supercommittee and it’s goals are to  be met.   It will have to result in cuts to many smaller programs such as farm programs, the small business administration, the department of Transportation, and others.    This will affect small businesses in many ways.

Medicare / Medicaid –   Many physicians accept Medicare and Medicaid patients.     When Medicare and Medicaid are cut, both programs will likely be forced to lower the reimbursement rate to doctors seeking reimbursement for services they have already provided to their customers.    This will further cut into the profits of medical practices, lowering their gross receipts and profit margins.     Many physicians may feel that they cannot run a profitable enough business.   This will result in many physicians and medical practices discontinuing to accept Medicare and Medicaid patients, or discontinue accepting new Medicare and Medicaid patients.

Defense and NASA – If the defense department is significantly cut due to the recommendations of the supercommittee, it will have a major affect on many businesses across the country. In addition to the large defense contractors,  there are thousands of smaller contractors that work with the larger contractors.   There are even smaller companies that contract with these smaller contractors.   Many more businesses derive their revenue simply by being located in the area of the largest contractors.    Businesses such as restaurants, gas stations and retail shops will all take a hit.  The defense department is at the top of the food chain and any changes have long tailed effects.  With a budget in the $700 billion range, a $100 billion or $200 billion dollar cut can have a major affect on the economy.

Other programs –   Other cuts by the supercommittee may affect the Small Business Administration, farm programs, the department of transportation, the department of education, and a long list of programs.

The mainstream perception is that there is major pressure on the supercommittee to cut spending, and that doing so is a good thing.  There has been very little discussion of how it will affect the economy.     Long term effects of a lower budget deficit will be positive 5 to 10 years out.    However, cutting spending in the short and medium term, as outlined above, will negatively affect many businesses.    Revenues will be lower, contracts will be cut, businesses that are indirect recipients of the government programs will see lower sales as the businesses they feed off of have lower revenues.

In short, spending cuts by the supercommittee means less money to businesses, regardless of the issue whether the government has been overspending or not.

A –  The SBA (small business administration) may get hit with cuts along with the many other non defense programs.   Small businesses are having a very difficult time now getting loans from banks.    If the SBA loan programs are cut back in funding, businesses will have even fewer options than they had before.

B – Farm Programs –  Currently, farmers and businesses related to farming sometimes need government programs to assist them during times of droughts,  early frosts and other times of crop destruction.    Reductions in these programs will put farmers and related industries under greater pressure and more farmers may  be forced out of business.

C – The department of Transportation – New highway construction programs, highway repair, rail programs such as Amtrack, funds for building and updating shipping ports will all take a hit if the department of transportation is cut.

Small Business Loans Resources:

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loans resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Thank your for visiting our Small Business Loans resource page!

 

 

Prepare for Super committee

Get ready for the next round of news from the new super committee.

The super committee has the responsibility to agree on spending cuts and possibly revenue increases shortly before thanksgiving.    Find out what cuts they are considering, it is destined to affect tens of millions of citizens for years into the future.

http://www.deficitreduction.gov/public/

Small Business Loans Resources:

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loans resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Thank your for visiting our Small Business Loans resource page!

Business rental lease space – how long should you sign for?

business rental lease space – how long should one sign a lease for?

If one bases the decision just on the numbers, the longer the better since most times the landlord will give better terms on a longer lease. However, the business owner signing the lease should proceed carefully.   There are other important considerations that can alter the decision.

Foot Traffic – The foot traffic of the location will influence the volume of business.    If the foot traffic is light, this may significantly decrease the amount of business that comes through the door, which will affect gross receipts over the course of the year.

Statistics provided by the city when a business rental lease space has been found are important.    Those statistics may include demographics, population statistics and trends, average income information of the area, and homeowners versus apartments are all important statistics.

Visual Inspection – Possibly nothing can replace a visual inspection of the potential business rental lease space prior to signing the lease.    Sit within a line of vision of the location and watch for several hours, and for several days.   Watch on Mondays, watch on Fridays and on weekends.   Watch on different weeks.    Is the traffic extremely light in certain times and heavy other times?     Do some advance work.    If normal closing time is 7:00 P.M., do people walk out of restaurants late and walk by the location?    Question whether such people are potential customers if you will be the new tenant of that business rental lease space.

Seasonality – In the analysis, it should be considered whether the business is seasonal, or even partially seasonal to begin with.   If so, the time of the year should be factored into the analysis.

For any business rental lease space being considered, if a thorough analysis does not yield total confidence that heavy customer traffic will be a sure thing, then a shorter term lease should be signed.

Signing a long term lease may result in better terms, but if the renter has misjudged what the sales will be, a long term lease may be devastating to the business.    Instead of a 3 – 5 year lease, consider a 1 or 2 year lease the first time.  If sales are soft and a strong effort has been made to promote the store, lower sales can be used to justify the best terms possible if a renewal of the lease is done.

If sales are strong, then the shop owner may have lost some money in the terms of a new lease, but this may worth the cost to help insulate them from the risk of being in a long term lease they cannot afford.

The landlord may not have sympathy if you are having a difficult time meeting the monthly rent.  Ultimately,  protecting your business with a shorter term lease on a business rental lease space can prove to be the best decision.

Small Business Loan Resources:

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loan resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Thank your for visiting our Small Business Loan resource page!

 

Business checking account reference – why is it important?

On financing requests, the business checking account reference  is often requested.  Many business owners do not wish to provide it for privacy reasons.    Is it needed and is it helpful?

If the business checking account reference is requested, it is often a normal request and often not even checked.    In the past, it was standard procedure to contact the bank, verify the opening date, current balance, average balance, insufficient funds and overdraft history.

More recently, the bank reference is not always checked, and is at the discretion of the lender to do so.    Even though the reference is still asked for in most cases, there are several reasons why the applicant should want to provide the reference and not feel it is a privacy issue.

The applicant is approaching someone else and asking for something  – Many borrowers feel whether they should provide a business checking account reference is up to them.   They also often give an opinion if it should be relevant or not in the analysis.    Since the borrower is approaching another party and asking for something, it is really the right of that party to decide what to ask for from the applicant.

The bank information may be a strength for the applicant – Providing the bank info will not always be a weakness.   If the applicant has strong business checking account reference information, it is a strength for the applicant and they should provide it.   If so, it will help their chances of being approved.  It may also help them be approved for a higher amount and better terms.

The bank information may be a weakness for the applicant – If the applicant’s business checking account reference is weak, it can hurt them and they should not voluntarily provide it if it is not requested.   Weak bank statements may include low beginning, ending and average balances.    It can also include NSF – insufficient funds and overdraft history.    If an account has any of these, it may hurt the applicant.

Privacy Concerns – Privacy concerns are sometimes a significant issue.   This is understandable.   If the applicant has such concerns and their account statements are strong, they should consider resolving these concerns through other means.

The applicant should talk to the representatives further if they need to get a higher comfort level.    Research the company at the better business bureau and with the state to see if there is any negative information on the company.     If not, and the company has been verified, providing the checking account reference information should be acceptable.

Small Business Loan Resources:

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loan resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Thank your for visiting our Small Business Loan resource page!

 

 

New Retail Location – Best Way to judge foot traffic?

When it comes to a new retail location, what is the best way to judge foot traffic?

Many businesses, especially retail businesses, including franchises, spend significant amounts of time and money assessing what they can expect in terms of customer volume or customer foot traffic.   Things such as government population block statistics, demographics, tax revenues, year to year growth, and other factors are considered,  and may very well be critical.

However, in some retail situations, simply closely watching the foot traffic in a shopping center or district over a period of hours on many days and weeks, may be crucial information.   If this is not done and is lacking in the decision making process as to where to locate, it can prove highly detremental to the business.

A retail business may have found a shopping center or shopping mall for which the ownership can show strong sales for the center and mall overall.   They may also be able to show strong income statistics on residents in the area.    However, other details need to be looked at.

If the shopping center or mall is large and has  a second and even a third floor, the actual customer foot traffic should be looked at real time over the course of hours and even weeks or months.    What should be considered is:

Seasonality – Is the location or center seasonal, does it receive business seasonally, or is business steady throughout the year?

Sales of Largest Stores within Shopping Center – The center or mall may have strong sales overall, but maybe those are total overall sales statistics for the mall as a whole.   Many shopping centers or malls have large anchor stores which may bring in a high percentage of the sales for one store, thus possibly skewing the statistics for the whole center.

Location of Store within Shopping Center – This can be the most important factor.    A shopping center or district may have strong sales but depending upon the actual location of the store, sales may suffer if the location, even within a successful center or mall are strong.

If the location is in the back of the mall, in a corner, or around a corner, this fact can devastate sales.    All it can take is for a store to be just a few doors down from the heaviest traffic area for it to make the difference between success or not.

Another factor is if a store has a higher floor locations, and if so, where on the higher floors is the store, and how is the layout.   In many shopping districts and center, shoppers start out and often stay on the ground or main level and will not go to the trouble of getting to the higher levels.

This can be particularly true of 2 level shopping centers or malls for which many shoppers are using the stairs.    Many shoppers will simply not use the stairs and will stay on the ground floor.    Another difficulty is that of the percentage of the shoppers that do use the stairs, a significant percentage of those will shop a less extensive area of the stores than on the main level.    They often will only go to the first several shops in the higher level.    If a store in such a situation is on the 2nd level  and far from the main stairs and elevator, this can have a major impact on sales.

As a result, the location of a retail store within a shopping center or mall must be carefully considered,  both statistics wise and in person.

Small Business Loan Resources:

SBA Community Blog and Forum –  Blog and Forums by the SBA, Small business administration.   Questions can be asked and answers provided.

U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.

U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.

Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.

Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.

International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.

More Small Business Loan resources:

Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health

U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.

U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.

CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.

E-Network for CEOs – Online articles and much more for CEO’s

Public Radio Planet Money – All issues money related to the public.

Thank your for visiting our Small Business Loan resource page!