Posted on Thu, Feb 09, 2012 @ 09:23 AM
Bad Credit, Good Credit, All Credit
In actuality, all small business loans are down from last year, 56% according to the latest reporting out of the SBA. Small business loans specifically to women were down 52%. In 2010, the Obama administration set aside $30 billion for community banks to spur small business loans. We would have expected the residual effects of that Program to span well into this year. The problem is that only $4 billion of the $30 billion was ever dispersed. The Treasury department stated that the reason for the limited disbursement was that there were “fewer banks healthy enough to qualify, {and} weaker demand for small business loans.” Whatever the reason, the news is not great for small business owners just as a modest but steady economic recovery seems to be underway. It may finally be time for small businesses to make investments in the future growth of their company, meanwhile the banks are nowhere to be found.
How Bad Credit Loans Should Work
In a functional financial system, money finds its way into the hands of business owners with good ideas and proven performance. Unfortunately, despite having these characteristics, many small business owners are black listed from receiving a bank loan due to bad credit. Bad credit can come about in many ways; tax liens, judgments, and bankruptcy to name a few. Even if the business is profitable and ripe for expansion capital, the bank will pass every time. The solution is merit-based, forward-looking financing. Here at Principis Capital, we’re willing to take a chance on your business even if you have bad credit. We’re more interested in the health and prospects of your current business rather than what you’ve done in the past. Bad credit business loans from the banks have dried up; contact us for more information on an alternative to bad credit business loans at www.principiscapital.com.
Posted on Tue, Jan 10, 2012 @ 04:29 PM
Bad Credit Loans Come Due
In an environment where credit is already tight, some banks are cutting off existing loans and lines of credit all together; especially to small businesses. The Los Angeles Times is reporting that Bank of America has been asking many of its small business customers to pay their balance in full ahead of their expected repayment date. So now, not only is money tight for small business owners on a month to month basis, but banks are asking for their money back ahead of schedule, potentially sending some businesses into bankruptcy. The target for the banks, as it has always been, are those businesses that have bad or worsening credit. Even if all loan payments have been made in a timely manner, other factors such as tax liens, judgments, or late payment on other trade lines may influence the bank’s decision to cut off all its exposure to your business.
Working Capital Solution
For most businesses, cash flows are not a straight line month in and month out. Working capital financing is necessary to smooth out the tight months. When the more profitable month come, small businesse owners are more than happy to pay down their loans. This kind of flexible financing is beneficial if not necessary for most small business. This is where Principis Capital specializes. We offer flexible repayment for all of our financing based on the sales that a business actually has, not what we expect them to have. We’re able to step in quickly in most cases and help small businesses when the bank pulls the rug out from underneath them. Let us help you find the financing that your small business needs to thrive. Call or visit us on the web at (866) 311-5463 ; www.principiscapital.com.
Posted on Tue, Nov 22, 2011 @ 09:50 AM
Unsecured Business Loans - The Truth
Unsecured Business Loans – What does that mean? Generally it means that if you were to go to a bank and ask for one, you are probably not going to get it. A bank will rarely make unsecuredloans; and then only to long time customers who have demonstrated through the payback of many secured loans that the loan will be repaid. Banks and similar lending institutions require physical collateral of a value at least equal to the amount of the loan. And, they will require a solid history of paying loans and bill on time. The emphasis will be on what you have done in the past.
And, there will be a mountain of paperwork required which may take weeks to process – taking your precious time away from your main interest of serving your customers. These institutions may suggest that a source of acceptable collateral would be the equity in your home or other personal family assets. But, that would put your family at an unnecessary risk.
This type of loan has its place; but, its place is not with the small business owner who needs cash now to take care of an emergency expense, or to fund new supplies or employees to take care of an upsurge in business, or who’s receivables are running later than normal due to a crisis with a customer. You, as this small business need an unsecured business loan now. Where are you
going to get it.
Unsecured Business Loan Alternative
Fortunately for you, the business owner who needs an unsecured business loan now, there is a lending source whose concern is limited to what your business will be doing in the future, Principis Capital is able to provide unsecured business financing to you base on what your future sales promise to be. And, Principis Capital will put cash in your hands in less than a week-that’s right, less than seven days.
Visit Principis Capital and see how their unsecured business financing differs from those from the standard lending institutions. Since Principis Capital specializes in providing unsecured business financing they understand your needs. Call Principis Capital today to discuss your needs and arrange
to quickly get the cash you need NOW!
Posted on Tue, Nov 15, 2011 @ 08:51 AM
In today’s difficult business environment it is easy for a small business owner to hit a rough spot that gives him a poor credit rating temporarily. But, that should not mean that a small business owner cannot get a Bad Credit Small Business Loan. Even if his business is now performing well, banks and other conventional lenders only look at the past performance of his business. And, with their additional requirements for physical assets and lots of paper work, getting a Bad Credit Business Loan can take weeks. And all of this activity requires the business operator to spend a large amount of his time away from his main activity of producing products or services for his customers.
The small business operator with poor credit might be able to get a Bad Credit Small
Business Loan if he is willing to risk the equity in his home, or put other personal assets
in jeopardy. But, this unnecessarily puts the future of his family in danger.
Luckily, there is Principis Capital. Principis Capital specializes in Bad Credit Small Business Financing. As a result they understand the problems of the small business owner with bad credit. And, Principis Capital has developed a unique method of making cash advances to small businesses with bad credit based on the future of the business. By analyzing the future sales of the small business, Principis Capital can start cash advances in less than a week – that’s right, seven days or less. And, since future sales may vary from month-to-month, payments are adjusted to vary in the same manner.
Judge_Principis Capital’s Bad Credit small Business Loans against the practices of other
lenders. Then call us at 866-311-5463 TODAY!
Posted on Thu, Nov 03, 2011 @ 08:48 AM
Retail Finance
What is a retail business without adequate inventory? It is no longer a retail business. So, what does a retail business do when it has severely reduced its inventory, perhaps due to the happy fact of brisk sales following a successful sales campaign? But, unhappily, you will not
collect on those accounts receivable for thirty-sixty-or even ninety days. And, you may also need extra cash to promote a new sales program requiring advertising or even additional personnel.
Consequently, you need to obtain the cash necessary to finance restocking inventory, and fill
those other needs NOW? Why not just finance it from cash-on-hand? Not your typical small
retail business.
The usual small retail business is then faced with the thorny task of seeking interim retail
inventory financing to keep going. Why not simply apply at the nearest bank (or, more likely,
a more remote bank) for a short term loan? The classic bank or other conventional lending
institution is not apt to readily accommodate you, especially since your inventory is depleted.
And, if they did, it would require too much of your valuable in-store time to locate the source,
negotiate the terms of the loan, and complete that pile of paperwork. And then you would have to wait for all the management approvals before you see the cash.
Factoring those receivables is a possibility; but only at a very hefty discount. After that, what
can you do for your retail financing?
Retail Financing Made Easy
Fortunately for you there is a lending source that is just right for your situation.
Principis Capital specializes in retail financing. We understand the particular problems you face every day. And, it is through that understanding that we have developed our unique method of retail inventory financing. Principis Capital will provide retail inventory financing based on your future sales, not your past sales or other indicators of past performance.
We require a minimum of red tape. See the difference. Visit Principis Capital to see how
convenient it is to obtain that retail inventory financing that you need, right now. That’s right! Retail financing from Principis Capital can put that needed cash in your hands in as little as one week --seven days. That is the kind of service you need in order to build that inventory or make those other changes immediately.
Call us TODAY
Posted on Wed, Oct 26, 2011 @ 08:58 AM
Line of Credit Advantage
A small business needs a ready source of cash to meet unexpected expenses,or to take advantage of advantageous, unanticipated opportunities. However,having idle cash lying around is an unlikely circumstance for most small businesses.
Also, idle cash should be invested and may not be immediately available. Borrowed idle cash being held for a specific purpose in the future is doubly wasteful. Not only is the opportunity cost lost, but there is ongoing interest accumulating. Even if these funds were to be invested, it is unlikely that the return would be equal to the ongoing interest rate.
A business line of credit is the solution. With a business line of credit you have a source
for cash available on short notice without waste. And you do not have to continuously
spend the time and effort to find short term investments. And, you don’t suffer lost
opportunity costs. Unfortunately, obtaining a standard business line of credit from banks
or other conventional lending institutions in today’s economic environment is very difficult
for a small business. Added to the disadvantage of having to spend your valuable time
looking for lending sources and negotiating deals, is the fact that conventional lending
sources impose onerous conditions on a business line of credit that are both crippling
with respect to freedom to act; but, also are too expensive.
Business Line of Credit Online
Fortunately, Principis Capital Principis Capital offers financing that works very much like
conventional business lines of credit; except it is easier for a small business to qualify;
and quicker to deliver the cash. These advantages are available to the small business
owner because Principis Capital doesn’t concentrate on your past performance. Principis
Capital is interested in your future. And, if your future is promising operating cash can be
available to you in less than seven days with a minimum of your time and effort.
And, you do not have to the total amount of cash in a lump sum. You can draw incremental
amounts from your business line of credit as you need them – without paying interest.
A business line of credit from Principis Capital differs from traditional business lines of
credit. Compare how a business line of credit from Principis Capital favors the borrower.
We understand the credit record difficulties of the small business. We make business
lines of credit online to small businesses.
Call us at 866-311-5463 or go to Principis<> NOW!
Posted on Wed, Oct 19, 2011 @ 10:15 AM
Restaurant Financing Challenges
Restaurant financing is difficult because many conventional lending institutions wrongly believe that restaurants are simply too risky; and will not service that market. For others, the fact that there are not large inventories available for collateral deters them. And, the lack of receivables eliminates factoring as a possible source of cash. The high turnover of some restaurants also lessens the credit worthiness of this industry in the eyes of some standard lending institutions. Even your demonstrated record of past success is not likely to impress staid bankers sufficiently to shake the cash loose.
Conventional lenders may demand inflated interest rates; or, set other conditions that can make the loan less desirable. The lender may want to back the loan with home equity or some other personal guarantee which can unduly put the restaurateur’s family at risk. A home equity loan will not build your business credit record. Rather it strengthens your personal credit record. And; if the cash requirement is urgent: for equipment repair, or to meet the happy need for increased payroll due to increased business, traditional financing sources simply take too long. Even if a loan is available from traditional sources, it will require valuable hours from you to search for sources, complete the paperwork and negotiate the terms of the loan. Your job is to continue to meet your customers' expectations for service, not wallow in paper work.
Restaurant Financing Solutions
Whether your need is for an emergency or for start-up funds, there is an on-line source of financing that is based on the belief that you will succeed; and, that can arrange for cash in one week or less with variable payments matched to your variable business activity. This is the modern way to obtain cash - FAST.
Principis Capital can provide the cash you need within a week or sooner without the requirements for intensive paper work, and without the need for physical collateral. Even better, Principis Capital is not just another small business loan source; Principis Capital specializes in restaurant financing.
Principis Capital’s restaurant financing will provide cash for your business with a minimum of your time. We understand the intricacies of the restaurant business. First, compare how a cash advance for your restaurant from Principis Capital differs from traditional sources. Then, see how Principis Capital’s specializing in restaurant financing can solve your problem.
Let's get together and discuss your needs NOW
Posted on Wed, Oct 12, 2011 @ 09:29 AM
Where are the Business Loans for Women?
There appear to be plenty of resources out there to assist women in finding the financing they need for their small business. A little research on the internet and you’ll probably stumble across the Office of Women's Business Ownership on the SBA website or even the Women’s Funding Network. Both nice resources, but where’s the money? They provide information on the benefits of lending to women business owners or a “how to” on navigating the long road to a grant for women small business owners. However, there is little of concrete for current women business owners who need capital fast to grow or sustain their business.
The reality for women business owners with less than perfect credit becomes even more of a dead end with these channels. Grants and SBA backed business loans are all but impossible for women who currently have bad credit. The fact is, there are very few lenders out there who are willing to lend to small businesses without a pristine credit report and some kind of collateral to back the loan.
Financing for Women with Bad Credit
Fortunately, there are still organizations like Principis Capital who’s mission it to fund small businesses, even with poor credit. We look predominately at the feasibility of your business going forward, not your past credit history or collateral. To learn more about obtaining financing for your business, look us up at www.principiscapital.com.
Posted on Tue, Oct 11, 2011 @ 08:32 AM
Getting a small business loan, in the best of circumstances, can be a challenging undertaking: mountains of paper work, interviews, collateral requirements, demonstrating how the loan will improve profits and cash flow, and providing assurance that the cash flow will provide for loan payback.
Such difficulties are compounded for Small Business Loans with Tax Liens, or if the
business owner has otherwise bad credit. The lender will be concerned because his claim
will be subordinate to tax liens, making recovery more difficult. The existence of
other debts increases the risk. These problems are magnified in today's economy
where banks and other lending institutions are limiting loans even to prime customers.
And, Business Loans for Women can be even more difficult to obtain.
A business owner/operator has enough to do today without having to spend an
exorbitant amount of time searching for loan sources and providing all the required
justifications. And, it can be especially difficult for women to obtain bad credit business
loans. In the eyes of some lenders, women simply are not as credit worthy as men.
Unfortunately, these difficulties tempt some owners to go to questionable sources
advertised on the internet who claim to provide quick, guaranteed loans for large sums
with little need for qualification. These predators are often just brokers who have no
direct source of funds; and, who charge exorbitant upfront fees to provide the loan.
Needless to say, the loan never happens.
Fortunately, there is an on-line source for small business loans with tax liens, Principis Capital.
Principis Capital will provide bad credit business loans, cash for your business, with a
minimum of red tape. And, Principis Capital serves women as readily as it serves men.
Compare how a cash advance from Principis Capital differs from traditional loans.
We understand the difficulties of the small business. We provide Small Business Loans with Tax
Liens. We make Bad Credit Business Loans. And, we welcome Business Loans for Women.
Consult us NOW.
Posted on Fri, Oct 07, 2011 @ 10:03 AM
Degrees of Seasonality
Most businesses are subject to some degree of seasonality in their sales. The degree to which the season impacts the business can vary greatly however. For example, nearly all retailers look to the Holidays every year to boost sales and expect bad weather to negatively affect their business. The case becomes more extreme when you look at a restaurant on the beach or a snow removal company. In these more extreme cases, the business may not even operate year-round.
Cash Flow Concerns
In either case, varying cash flows make it difficult for small businesses to meet their financial obligation in the off-season and nearly impossible to make the investments necessary to prepare for the high season. In order for a company to grow, it must not only survive it’s slow seasons, but also make investments to improve or expand it's current operations to take full advantage when the customers come back. In most cases however, small business owners simply do not have access to the capital they need to expand or even survive in the off-season.
Seasonal Business Loans
Qualifying for a traditional business loan from the bank becomes even more difficult if you’re the owner of a seasonal business. Bankers typically look at the volatility of your cash flows as very risky. The Banks look for consistent sales that allow you to make your fixed monthly loan payment. Consistent year-round sales simply are not the reality for many small business owners.
The Solution
For a seasonal business, the ideal type of financing would be provided in the off-season and be paid back at a variable rate, depending on what your sales are, throughout the year. When months are slow, your payments would slow down as well. When you are in your high months, you pay down a little more on your loan. Unfortunately, bank don’t offer this kind of loan. Fortunately, at Principis Capital, we provide financing for small businesses that is flexible and ideal for seasonal businesses. To learn more, please visit us at www.principiscapital.com.