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:
If we have excellent cash flow and have shown a long previous history of being able to amortize debt, then 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.

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.”

Would Seniors get Medicare cut post fiscal cliff

If we pass the fiscal cliff in December, would the Government cut Medicare payments to Seniors?

If we pass the fiscal cliff, there will only be very bad choices for the Government to make, and none of them will seem like the option the Government want to choose.   However, not funding Medicare will mean that Senior will be denied needed medical care and medical payments for care they need to receive and have received.    The fallout will last at least a decade if this happens.   Senior’s attitude about Government will fundamentally change, likely in the direction of assuring in the future that any means need to be taken to fund medicare.

Would Seniors get Medicare cut post fiscal cliff 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 would seniors get medicare cut post fiscal cliff 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 would senior get medicare cut post fiscal cliff resource page

Would Social Security not get paid post fiscal cliff?

Would Social Security recipients not get paid in a post fiscal cliff world?   Not likely, thought prospect of it is still in the cards, even if the Government does not want to go there.

The Government would almost certainly pay interest in it’s debt, otherwise the credit rating would nosedive in a hurry and future borrowing would skyrocket.    The Government knows that Seniors would be in a massive panic if their checks were interrupted.   It would be a public relations disaster.   Many seniors have no other sources of income and are not able to seek other employment.

Would Social Security not get paid post fiscal cliff 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.

Would social security not get paid post fiscal cliff 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 would social security not get paid resource page

Who would not get paid if we pass the fiscal cliff?

The so called fiscal cliff is approaching, again.   So what question should, or would the average citizen be most interested in?    Maybe the first question would be, who will and won’t get paid?

There will be a lot of talk about how every one will be taken care of, but the harsh reality is that someone won’t get paid.   It will be a sure thing that that someone, of which there would be many, won’t be happy.  That may end up being the understatement of the year.  If this happens, in the end, all of the current politicians will end up being the big losers and public anger will be targeted in their direction.

As far as who won’t get paid?   Probably defense contractors will be very high on the list.   They are paid great sums of money but it is not a payment direct to the people.   It won’t make much difference though as it won’t be long before their employees aren’t paid.

Highway departments and maybe some unemployment recipients would be next on the target list.   Basically, the Government would want to keep paying interest on it’s debt but soon after, many citizens would stop receiving money.

 

Does Congress get paid if we pass the fiscal cliff?

In the debate about the upcoming fiscal cliff, politicians have talked about how many people would not get paid and many services would automatically be cut back.

However, if we pass the fiscal cliff, would the politicians themselves be unpaid during this time until the problem is resolved?   Surprisingly, it turns out that if the fiscal cliff is passed, Congressmen, Senators and the Executive branch, which means the President and Vice President, etc. would all continue to be paid.   This can certainly be seen as the legislative branches having less incentive to solve the problem immediately.

This can certainly be considered quite unfair.   The politicians create an unnatural situation in which the government cannot pay obligations of the utmost urgency such as debt and treasury bill obligations to bondholder, transportation,  potentially even parts of the military and social security and medicare, but they continue to be paid.  There has been backlash about this in the past.  There are provisions in the law which states that the politicians continue to get paid even if the government has monetary issues in other areas.

This may be somewhat understandable and tolerable to the public if it is an unavoidable situation, but the same public finds it completely unacceptable if the problem is created by
the politicians themselves.

Can we pass the fiscal cliff?

Can we pass the fiscal cliff without major damage?  The fiscal cliff will occur sometime in December.     Can the government continue as is, passing the fiscal cliff without significant damage happening?

Up until recently, virtually all political commentators have agreed that the fiscal cliff cannot be broached, as the damage would be too great.    However, in the most recent weeks, there have been some political commentators that have stated that passing the fiscal cliff would not be a big problem and it could possibly be a good idea.

It is not clear what thinking could justify this position, certainly not an overall position.   If the fiscal cliff is passed without resolution, the effects would hit, quickly.   Not only that, the markets would already react negatively in the one to three day period prior to the actual day of the cliff.   Furthermore, and more importantly, the government would actually and literally not be able to begin paying it’s bills.

The magnitude of this would be enormous.    Recipients of Social Security, Medicare, Medicaid, Unemployment payments, military salaries, highway funds, government employees would all be targets of who would get cut.    Ironically, the law evidently states that if this occurs,  Congressmen, Senators and the Executive branch would all continue to get paid.

This issue has been discussed before and various congressmen and senators have said that the military would get paid.   However, if this happens, then some major programs, be it social security, medicare, medicaid, etc. would have to be cut.   Once this happens, it will be guaranteed that millions of citizens would suddenly, loudly and very aggressively become vocal.    This would move into street protests very quickly, possibly with days, certainly within weeks.    Once people begin not to get “their” money, they will respond.

Street protests are what happened and is still happening in Greece.   The visuals across the world of this happening in the United States cannot be underestimated.    No, the fiscal cliff cannot be broached and doing so is a bad idea, a very bad idea.

Can we pass the fiscal cliff 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 can we pass the fiscal cliff 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 can we pass the fiscal cliff resource page!

What is the fiscal cliff?

There has been much talk about the fiscal cliff.   What is the fiscal cliff and how much of a danger is it?    These questions and more may best be summed up in a simple question and answer format.

Question: What is the fiscal cliff?  Answer: The fiscal cliff refers to a moment in time after which the Government does not have enough money to continue to meet it’s obligations, basically, to run itself.

Question:  Why will the Government run out of money?

Answer:  There are really two answers to this.   The overall reason the Government will run out of money is because, for several decades, it has spent more, or far more than it takes in in revenues in just about every year.    The specific reason it may not have enough money to continue to pay it’s bills is because in order to be able to continue spending more than it takes in in revenues, the government has to continue borrowing to make up the difference.   The government has set up a borrowing limit, commonly called a debt ceiling.   In order for the government to borrow above the debt ceiling, Congress must approve such an increase to the debt ceiling. The president cannot do this by himself.    If the government does not approve an increase in the debt ceiling, it will suddenly, within the span of a day, not be able to pay over 40% of the bills it currently pays.   Monies and accounts can be shifted around so that this day can be delayed, however there is a point in time when it will occur.

Question: When is the fiscal cliff:   Answer:   The fiscal cliff is sometime in the month of December 2012.     There is not an exact day because the government can move money around for a short period of time, estimated at approximately a few weeks.

So the answer to the question what is the fiscal cliff is quite simple.

What is the fiscal cliff 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.

What is the fiscal cliff 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 what is the fiscal cliff resource page!

885 Mass layoff events in third quarter 2012

885 Mass layoff events is the figure reported by the Bureau of Labor Statistics in it’s 10:00 A.M., Thursday, November 8th, 2012 report.

The bureau further reported that the layoffs were in the private non farm sector.    These 885 Mass layoff events resulted in a total of 138,484 separations from their jobs for at least 31 days.  Permanent work site closures and were primarily in the manufacturing sector.  Manufacturing industries reported 196 extended mass layoff events and 29,350 separations in the third quarter of 2012, largely due to insufficient demand.    This sector accounted for 22% of layoff events and 21% of related separations during the quarter.

Business demand factors, including contract competition, accounted for 44% of both extended mass layoff events and related separations in the private non farm sector in the third quarter of 2012.

$121.41 drop in dow jones, down for 2nd straight day

The dow jones industrial average dropped for the 2nd consecutive day following the presidential election, initially feeding fears that the markets are fearing additional regulations.

The dow lost .94% for the day to end at 12,811.32.   The Standard & Poors 500 index fell 17.02 points or 1.22 percent to 1.377.51 ending at it’s lowest level since August 2nd.   The nasdaq composite index, IXIC, dropped 41.7 points or 1.42%, to close at 2,895.58.

However, today’s drop was very much about investors, and Wall Streets worry about the fiscal cliff deadline.    The markets know the problem has to be resolved long term and most especially short term.   The Government cannot run out of money and the markets know it, causing a great deal of concern.

697,000 job openings in Healthcare and Education September 2012

697,000 job openings in September 2012, according to the 8:30 A.M. Tuesday, November 6th release by the Bureau of Labor Statistics.

The bureau of labor statistics reported that this sector category, healthcare and education, had more job openings than any other sector.     This was followed by professional and business services, which had 651,000 job openings in September 2012.   The next highest category was Health Care / Social Assistance with 632,000 for the month of September.

The next highest category was Trade, Transportation and Utilities at 597,000 job openings for the month, then Government at 368,000.   Retail trade came in at 358,00 job openings,  then accommodation and food services at 339,000.   The next category was state and local government at 299,000 job openings.

http://www.youtube.com/watch?v=vMTwHbxnVY8&feature=plcp

3.6 Million job openings last day of September

3.6 million job openings on the last day of September, according to the BLS, bureau of labor statistics.  This was statistically unchanged from August.

The bureau of labor statistics reported further that the hires rate was 3.1%.   The number of job openings decrease in the Government and professional and business services.   The midwest region experienced a decline in hires in September.   The number of hires in September was 4.2 million, up from 3.7 million at the end of the recession in 2009.

In September, the quits rate was little changed for total nonfarm, total private and government.   The number of quits was 2.0 million in September, compared to 1.8 million at the end of the recession in 2009.