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.

Click on the “Contact Us” link above, complete the Mini “Contact Us” app or call us now Toll Free at: 855-787-1113 or Tel: 919-771-4177 and an experienced professional will discuss your businesses sales and cash flow and will quickly assist you in determining how much of a bank statement loan your business qualifies for.

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.”

If more credit downgrades force the Government to raise interest rates

Ensuing is an instruction review of whether further credit downgrades will force the Government to significantly raise interest rates, and other consequences.

If there is another, or more than one credit downgrade by Moody’s and Standard and Poors in the next year or two, there is an elevated risk investors of Government treasuries will demand higher interest rates.   If this very real prospect occurs, the consequences are enormous.

Once higher rates are demanded, the government will be forced to spend a greater percentage of it’s revenues on interest, causing it to spend less on other normal budget items.    Further, the longer the government continues to deficit spend at this point, the percent the government spends on interest on debt will accelerate more quickly.

There will be much greater pressure at this point to reduce deficit spending because of higher rates.   In order to accomplish lower spending, Government will be under intense pressure to cut spending.

The problem at this point is that due to the size of the deficit, spending cuts will not be enough & if the government even attempted to solve the problem with spending cuts,  the cuts would be so massive, they would likely cause a severe recession.    Therefore, significant revenue increases would have to occur.

Men in 2012 have a higher re-employment rate than women

Based on government statistics put out by the bureau of labor statistics, men in 2012 have had a higher re-employment rate than women.

According to the bureau, men have had a re-employment rate of 61% in 2012 versus women at 50%.     The share of displaced men that had left the labor force was also modestly lower at 16% for men, versus 20% for women.

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!

 

Displaced worker survey January 2012

The FridayAugust 24th, BLS issued the results of the January 2012 displaced worker survey.

Highlights of the Survey include:

– 40% of long tenured displaced workers from the 2009 to 2011 period cited insufficient work as the reason for their displacement.   31% cited that their plant closed or moved as another reason for their displacement.

– 1 in 5 long term displaced workers were in Manufacturing

– 46% of the displaced workers who obtained similar jobs, had salaries that were equal or greater than at the job they lost.

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!

 

U.S. Budget Deficit – Why it’s worse than we think, Part 1

Why is the U.S. Budget deficit and national debt worse than may of us think?    The overall reason is that the U.S. Government may not be in control of convincing investors that the deficit and debt are not a problem and do not justify paying higher, or far higher rates of return.

The trigger of what can turn into a difficult to control situation may well be further downgrades in U.S. treasury ratings by Moody’s and Standard and Poors.    Once this occurs, investors will begin to further seriously question whether the U.S. is a safe enough haven for investments for such low rates in return, or whether they will want higher rates.   If foreign investors want significantly higher rates, this will trigger further difficulties at home.

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!

 

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.

Gold continues slight rise in August

Gold, closing Friday at $1,691.60, continued it’s modest rise in August.   Prices began the month of August at $1,659,  climbing approximately $36 over the course of the month.

Prices have remained relatively stable over the year, bottoming out at just under $1,600 during during May.

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.

Bureau of Labor Statistics – July unemployment down from 1 year ago

According to the Wednesday, August 29th 10:00 A.M. report by the Bureau of labors statistics, unemployment rates in July were down from July a year ago in 305 of 372 metropolitan counties.

Unemployment rates were higher in 52 metropolitan regions and lower in 15 regions.

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.

Debt ceiling fight for political gain?

Are politicians choosing to have a debt ceiling fight more for political gain rather than to solve the enormously serious fiscal problems at hand?   More pointedly, are today’s politicians willing to sacrifice the country’s credit rating by electing to wait until the last minute and engage in a bitter political fight with the opposition, rather than coming together and solving the problem in advance of the deadline?

A great majority of the politicians previous actions in last years debt ceiling fight and their public statements and posturing since, can only cause one to come to the conclusion that many politicians are willing to sacrifice the country’s credit rating by having a viscous “blame the other side” fight rather than solving the issues at hand.

The problem with this approach is that any decline in the country’s credit rating will cost the government hundreds of billions of dollars over ensuing years due to higher borrowing costs.    Since a large part of the issue is trying to figure out a way to get to a sustainable fiscal path, such an outcome seems completely at odds with the ultimate goal of the negotiations.

Both sides would be best advised to compromise based on the simple fact that no one side is even close to having majority control of the three main branches of government at this time.    Many, or a majority of Democrats have offered to negotiate both revenues and spending, while only a few Republicans have offered to negotiate on revenues.

While Republicans have not included revenues in the negotiations based on their principles,  the last two bi-partisan government commissions have made it clear that the budget deficit and national debt cannot come close to being reduced or solved without reductions in both spending and increases in revenues.

Maybe there will be some politicians with courage to show the way, thought the last two decades are not a basis for believing such hope will come to pass.

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  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.