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.”

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.

 

Unemployment Rates down from previous January

According to the U.S. Bureau of Labor Statistics Friday March 23, 2012 release of Metropolitan Area Employment and Unemployment Summary, Unemployment rates were lower in January than a year earlier in 345 of the 372  metropolitan areas.

The bureau reported that “unemployment rates were higher in 16 metropolitan areas, and unchanged in 11 metropolitan areas.”

The bureau reported information on some specific cities with some surprising results.   Out of the 49 Metropolitan areas with a Census 2000 population of greater than 1 million or more, the highest unemployment rates in January were reported in Las Vegas-Paradise, NV at 13.1%, and Riverside-San Bernardino-Ontario at 12.4%.

The jobless rates of large Metropolitan areas was lowest in Washington-Arlington-Alexandria- at 5.7%.

Future rates and statistics will be monitored and reported.

Green Goods employment in millions

The number of people employed in the U.S. in the green goods and services sector is in the millions.

According to the Thursday, March 22nd, 10:00 A.M. EST release by the Bureau of Labor Statistics, “in 2010, 3.1 million jobs in the United States were associated with the production of green goods and services.    Green goods and services (GGS) jobs are found in businesses  that produce goods or provide services either benefit the environment or conserve natural resources, or both.”

The bureau also reports that in comparison to the economy as a whole, GGS jobs represent 2.4 percent of total U.S. employment in 2010.   The private sector had 2.3 million green goods and services jobs and the public sector had 860,300 green goods and services jobs.

As a result, green goods and services represents a significant employment sector in the U.S. economy.    With jobs in the millions this industry cannot be discounted.

 

Real Average Hourly Earnings Fall in January

According to the Bureau of Labor Statistics March 16th, 2012 Real Earnings report, real average hourly earnings for all employees fell .3 percent from January 2012 to February 2012.

So in essence, wage power went down.    Average hourly earnings went up .1 percent.   However, this was offset but a .4 % increase in the CPI, Consumer Price Index for all urban consumers.

More ominous, real average hourly earnings fell 1.1% on a seasonally adjusted basis from February 2011 to February 2012.   This decrease in real average hourly earnings combined with a .6% increase in average weekly hours, resulted in a .4% decrease in real average weekly earnings during this same period.

For some of the categories, employees made up for this decrease in earning power by working more hours.

Federal Reserve announces banks pass stress test

According to the Federal Reserve’s March 13th, 2012 press release,  the majority of the largest U.S. banks continue to meet supervisory expectations for capital adequacy.      This is despite what the Fed called “large projected losses in an extremely adverse hypothetical economic scenario.

The Federal Reserve’s (CCAR), Comprehensive Capital Analysis and Review, makes evaluations of the capital planning processes and capital adequacy of the largest banks.   The “Stress Test” is a test that assumes the following scenarios.

A 13 % unemployment rate.

A 50% drop in the stock market.

A 21% decline in housing prices

Losses at 19 Banks totaling $534 Billion

Under this test, 15 of the 19 largest banks were still able to maintain capital rations above all 4 of the regulatory minimum levels.

Federal Reserve Stress Test

Ethics Resource Center The ERC promotes an understanding of practices which promote ethical conduct via research, as well as measurement of same ethics.  Compliance program effectiveness within individual organizations is also analyzed.  The development of white papers and educational resources based on overall findings is considered.  http://www.ethics.org/

 

Unemployment rate flat – still good news?

According to the United States Department of Labor’s Bureau of Labor Statistics Friday, March 9th 2012 report, the Unemployment rate held steady at 8.3%.

This may seem not to be good news, however, 227,000 jobs were added in Feburary, compared with 243,000 in January when the unemployment rate decreased.    With the economy strengthening, many people that were not looking for work are now looking for work.  These are individuals were previously were considered “discouraged workers”.    Discouraged workers are those that felt there were no jobs in the workplace  for them, then stopped looking and were no longer counted as unemployed.

This included many older and younger workers, who often have a more difficult time.   With more workers entering back in the the workplace and also looking for work again, the pool of unemployed is larger.

If the number of jobs being added is the same combined with more workers re-entering the workforce, the jobless rate may not go down.    This may occur in some months and may be a short term phenomenon.      The jobs added figure is often the most important figure and the primary figure in gauging the which direction the economy is headed in.

 

Payroll jobs added in February

According to Small Business Loans Depot’s review of the Bureau of Labor Statistics 8:30 A.M. (E.S.T.)  Friday, March 9th, 2012 report of the employment situation,   the surprise in the improvements in recent adding of jobs and strengthening of the economy in the last 2 quarters has been in it’s consistency.

According to the Bureau of Labor Statistics, “nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent.  Employment rose in professional and business services, health care and social assistance, leisure and hospitality, manufacturing and mining.”

Prior to 1st Quarter 2012 and 4th Quarter 2011, jobs added figures and the unemployment rate figures were improving, but not improving consistently month to month.    In some months in the summer of 2011, the jobs added figures were less than 100,000.     When the jobs added figures are in the 50,000 t0 75,000 range, those figures are too low as with those rates, it would take dozens of years for the job levels to get back to mid 2008 levels.

In order to get back to 2008 levels, the jobs added figures need to be in the 200,000 to 300,000 range in order to get back to previous employment levels prior to the loss of roughly 8,000,000 jobs when the recession began in 2008.

Significant job increases have been consistent since beginning of 4th Quarter 2011.