Category Archives: Cash Flow Loan

For a Cash Flow Loan, Small Business Loan Depot offers a unique cash flow loan based on the company’s gross sales. Since all business have sales, this allows almost all businesses to have an opportunity to qualify for a cash flow loan. Go to our features and benefits section to learn how you can solve your businesses cash flow needs. Call us at 919-771-4177 or Toll Free: 855-787-1113. While speaking with one of our specialists that have over 20 years + experience at Wells Fargo and Wachovia, they will help you find and understand which of our solutions will put your company on a better cash flow path today.

For this cash flow loan, businesses can use just their every day sales already on the books. Call today Toll Free at: 855-787-1113, or click on the “Contact Us” link in the menu bar above.

Businesses owners ask if they have significant cash flow and have demonstrated a lengthy past history of being able to amortize a long term debt, then why should they be denied based on limited collateral or unsatisfactory personal credit while have satisfactory business cash flow? Small business loans depot agrees and can provide a cash flow loan to your business today! If your business has the cash flow, we can assist you in getting money, quickly and easily.

The Cash Flow loan features:
– Tough credit? NO problem – program available for your credit profile
– Among the best qualification % of any business financing!!
– Every business has Cash flow, so every business has a strong chance to qualify
– Provide just the most recent 3 months business bank account statements
– One page application
– Quick turnaround, a one or two day approval time is very common
– Very high approval rates
– Use this cash flow loan to obtain $10,000 to $100,000 quickly and easily for
any purpose, such as business expansion, advertising, inventory needs,
adding additional employees, new lines of business – any purpose.
– Very difficult transactions done routinely
– Your request is handled by an experienced consultant.

Complete the “Contact Us” Mini App on the menu above, or call Toll Free: 855-787-1113. Your call is free and an experienced industry professional will guide you seamlessly through the process.

The time in business required for this cash flow loan is 9 months. Once the time in business is 1 year or more, higher loan amounts can be approved. Credit scores can be as low as 500 and deposit dollar totals can be as low as $10,000 per month and 5 deposits per month. This is a relationship product and the initial approved limits are increased rapidly as this line of credit style product is reused. Businesses are able to obtain more funding through this method than with a traditional loan. If a business is approved for a traditional loan for $50,000 for 36 months, then they can get far more in working capital through this cash flow loan. With this product, if the customer is approved for $25,000 for a 6 month term all they have to do is renew every 6 months and they would end up with a total of $150,000 over the entire 36 months, which is 3 times what they would have received with the other traditional financing.

Credit score requirements for the cash flow loan are approximately 500 and higher in many instances. As the credit score increases, funding amounts will increase and the terms will improve

Call us at Tel: 919-771-4177 or Toll Free: 877-787-1113 and use your regular monthly sales to get a cash flow loan today.

Frequently asked Questions:
Question: Do we qualify? Answer: If your business has cash flow, has been in business for at least 9 months with the same owner, your business has an excellent chance to qualify for $5,000 to $150,000 depending upon that Cash Flow
Question: Do I need to complete a lot of paperwork? Answer: No. You will only need a one page application and the most recent 3 months business checking account statements. In many cases, only the most recent one month’s business checking account statement is required.
Question: What can I do if I need more working capital again later? Do I have to re apply from scratch all over again? Answer: No. Once the line has been established, you are an existing customer with us, the type that we value the most. You will have a very easy time using the credit line over and over again. In most cases, you either only need to place a call to authorize more funding, or simply provide the most recent statements to qualify for another round of this cash flow loan.
Question: What if I have bad credit?
Answer: The approval is driven very heavily on the cash flow. Even if you have difficult credit, it is the cash flow of your business that will be the main factor in the approval of the line.
Question: What do you look at in the cash flow?
Answer: The monthly raw dollar amount of deposits, the number of deposits per month, and the average daily balance. The higher the average daily balance, and the more that is deposited per month, the higher the approval amount will be. The most recent three months will be looked at. If the cash flow trend is upward, a higher dollar amount cash flow loan will likely be approved compared to flat or declining monthly dollar figures.
Question: I had a recent bankruptcy in the last 2 years, does that disqualify me?
Answer: Not necessarily. It depends on how recent the bankruptcy was and how the cash flow has been since then. If the Bankruptcy is at least a few months old and the cash flow since that time has been strong, there is an opportunity for a line to be established.

SBA 504 Loan program – The SBA 504 loan program is an economic development loan program that offers small businesses business financing and also promotes business growth and job creation.   Through February 15th, 2012, $50 Billion in 504 loans has created over 2 million jobs……read more

Wyoming Chiropractor uses 504 loan program to expand Medical Office……read more

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 promoting U.S. companies abroad to governments in other countries.

More cash flow 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.

Market  Updates

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1,316 Mass layoffs in September

1,316 Mass layoffs were reported by the United States Department of Labor in September 2012.   These mass layoffs resulted in a total of 122,462 total layoffs as measured by new filings for benefits for unemployment insurance.   The bureau reported that each mass layoff resulted in at least 50 employees that were terminated for any one given employer.

The Department of Labor reported further that there were 49 more mass layoffs events in September than in August of 2012.   In September, 366 mass layoff events were reported solely in the Manufacturing sector for the month which resulted in 39,748 initial unemployment claims.   13 of the 19 major industrial sectors reported an over the year decrease in initial unemployment claims.

How important is time in business?

When it comes to business financing, how important is time in business in the request?    Time in business, in addition to credit and the amount of the request is one of the main items that are considered.

If the time in business is more than 3 years, this will help the request the most and will strengthen the request.    If the time in business is less than 3 years, it will weaken the request, especially if the time in business is less than 2 years.    If a company started out as a sole proprietor then switched to a Corporation, the total time in business will be considered.   For instance, if a business was unincorporated for 2 years, then the company switched to a Corporation and has been a Corporation for 3 years, the total time in business  that it can be considered is 5 years.

The company need only provide old business licences to demonstrate the full time in business.     This is especially important because in most states the Secretary of State does not show the history of unincorporated businesses and only shows the time in business for Corporations.   If the company does not keep the old business licenses, they may only be able to easily prove just the 3 years in business in the previous example, instead of the total of 5 years.

The amount of a loan request is important

In the business loan environment, one of the approval factors that is often overlooked is the amount of the request.

The main factors that are most often cited are the time in business, personal and business credit, type of business.   However, one of the biggest factors that is never discussed is the amount of the request.    All other things equal, it is far easier for a company to be approved for a $10K or $25K loan request than for a $100K loan request.    Also, if a loan request is made for $100K, it may be declined for $100K whereas it might have been approved for $25K.

In such a case the applicant could be shorting themselves of funding by applying for too much money.    Many applicants believe that they should apply for as much as possible.  This is incorrect.   Applicants should apply for roughly the lowest amount they feel they need funding for.

When should companies start getting loans solely in the Corporation’s name?

Larger businesses almost always obtain financing solely in the name of the Corporation.  At what point should a business begin obtaining funding solely in the name of the Corporation rather than having the owners sign as guarantors?

There are no specific and clear rules in this regard.   One of the first issues to look at is the amount of the loan or financing.    Once the amounts begin to go over $50,000 or $100,00 0 and beyond, these are amounts that should not be done with the owner signing, if possible.    This is moreso true if the business begins to have a higher number of employees.   There are Dental practices, Medical practices and legal firms for whom such amounts it may still make sense for the owner or owners to sign.     However, if the company has 35 or more employees and generates significant revenues such as in the millions of dollars, then in most cases the financing should be done in the Corporation’s name only.

Would Romney trigger a trade war with China?

Would Romney trigger a trade war with China?   Mitt Romney has said he would designate China as a currency manipulator on day one in office.     This could trigger a trade war.    Would we be better off in the aftermath of a trade war with China or worse off?     Trade wars rarely help either side, nobody wins.   It very likely is best to avoid this result.

What if China is designated as a currency manipulator?

Mitt Romney has stated his position that, if elected as president of the United States, on his first day in office he would designate China as a currency manipulator.

That sounds tempting because currently, many domestic companies suffer due to cheap Chinese imports.  However, as in chess, that will not be the last move.   If that occurs and tariffs are placed on Chinese goods, allowing U.S. companies to more fairly compete, the Chinese will almost certainly place tariffs on goods U.S. companies are trying to export to China.    As the second largest economy in the world, this would have major negative consequences on both sides once a trade war begins.    The question will need to be asked, are the downsides of not designating China a currency manipulator lesser or greater than to designate China a currency manipulator?      Scenarios would have to be gamed out and domestic politics should be taken out of the equation.

The politicians know that if U.S. companies begin to severely suffer, it will be tied back to the designation of currency manipulation as the trigger.    Even if politicians confuse the issue with double talk, companies that suffer economically will be highlighted and the subject cannot be evaded.

 

What will the post fiscal cliff look like?

The latest fiscal cliff is coming again, this time either in December or soon afterwards to a theater near you.  A political theater more specifically.

Chances will be far greater that the budget will look a lot more like it does today rather than what it what it would look like if there is no compromise and the fiscal wall is hit.  The primary reason for that is that the politicians know full well that while many citizens say today that  maybe we need spending cuts that deep in order to fix our fiscal woes, once they spending cuts actually started hitting and people are shorted significant money in the programs that are cut, the instant screams would be so loud they might rival what has happened in Greece.

If that is questioned, simply look at the 99% movement and remember that those protesters weren’t losing any money.     If programs such as unemployment insurance, medicare, social security, military programs, highway money, education all took 40% cuts, there is an absolute guarantee that the public’s opinion about the merits of large spending cuts would change very quickly, for the negative.

Will hiring take off after the election?

Will hiring take off after the election?   There seems to be some reasons to believe so.

Chief among these reasons is probably the fact that the unemployment rate is declining just before national elections.    This is relevant because larger companies traditionally wait until after elections before proceeding on any business changes, including expansion, hiring and any significant changes.

Companies wait not just because they may proceed or not proceed depending upon who wins.   In many cases, companies will proceed with their general plan or direction regardless.   The results of the elections will give them certainty on many details such as specific regulations, philosophy of the government.    Simply having certainty on certain details may be more important than the actual results.

Since unemployment just went down, this may well be a precursor for after the elections, since hiring should increase in the months after the elections due to the certainty the results bring, which causes companies to stop holding back their hiring process.

If Ryan’s plan fails, how will Medicare be reformed?

Paul Ryan has pushed for a grand Medicare reform.   The downside to Ryan’s plan is that it is not really a plan at this time, it is really nothing more than a Grand idea.   Ryan has not provided any information for even the most basic questions that any future Senior would want to know.

However, we also know that Medicare in it’s current format is not sustainable.   Both parties have agreed to this fact.   If Medicare is not overhauled for the long haul, it seems that the Obama administration has not given a detailed long term plan of how, in the absence of the Ryan model, it’s plan would make Medicare solvent long term.

It seems that both parties know that if they spell out the details now, it will require either a large infusion of cash or reduced benefits.   Neither of these are anything good to tell the public if you are a politician running for office or running for re-election.

So why doesn’t some politician with courage simply come out and say a price will need to be paid, nothing is free?    A huge gamble like that will either sink that politician like the titanic or make them the rock star of a generation.   It depends on who says it and how they deliver the message.

Is housing turning the corner?

Is the housing market turning the corner?    The ill fated housing industry, long sullied and cast out for the next generation, has made a legitimate comeback on some cities and regions, such as Seattle, Portland and other areas.

To be sure, there are still foreclosures to wind through.   The key question is if the housing sector has turned enough of the corner in enough cities, then it can go back to becoming a major driver for the economy.     In the last 50 years, housing has almost always been a leading indicator to a recovery and for a recovery.    That is, housing has historically led the way in recoveries, except this time due to the specific disasters that occurred this past decade in the industry.

If housing can further recover, it can speed up the recovery and push the overall economy back with it.    The next 6 to 12 months will provide a great deal of evidence if this is the case or if the housing resurgence in several markets are exceptions to a problem that will still take a few more years to get back to full strength.