Posts Tagged ‘income’

Easy Small Business Ideas

Wednesday, April 20th, 2011

Here are some easy small business ideas for people who want to start their own business without the complexities of having a business. At some point or another in your lives, you wanted to own a business, even just a very small one. Not only does having your own business helps you feel that you are our own boss but it helps you generate additional income for the household. Isn’t that great?

Most successful companies come from small business ideas. With a lot of perseverance, hard work, and careful planning, small companies grew into big profitable ones. If you are thinking of establishing your own business, here are some ideas you should consider.

Some of our easy small business ideas include creating your own online business facility that offers services such as administrative support, secretarial service, customer or technical service, accounting and bookkeeping, writing, marketing services and data entry service; establishing your own flower shop or gardening shop; opening a photo booth or studio; and even opening your own day care center. You can open a data retrieval service, referral service, resume service, dog training center, image consultancy, upholstery service, or a business broker service.

The list of easy small business ideas goes on and on. One has to choose the best idea that’ll work well. In any business, there are several factors that you have to consider before pursuing the idea. For example, if you are a stay-at-home parent who wants to start a small business, you need to consider the kind of business that can easily be managed at home. If you’re more comfortable communicating on the phone rather than speaking to a customer face-to-face, then you need a business that doesn’t involve face-to-face contact. If you want a business that doesn’t need much investment, except for a computer and an internet connection, perhaps you need to start an online business.

You need to consider your budget for your business, your location, your resources, skills and capabilities. If you’re allergic to flowers, you don’t’ want to start a flower shop or a gardening business, right? You need to have a clear idea of what you want to do before planning out the rest of your business. Although most businesses always have a trial and error phase, you just can’t afford to make mistakes with your ventures, right? So keep in mind your strengths and weaknesses. Determine how much time you are willing to give to make your easy small business ideas work for you.

IMPORTANT: If you’re looking for an honest, legitimate way to generate income online with multiple streams of income, go here –> www.iFreeToday.com

Article Source:

http://EzineArticles.com/?expert=Bo_Minnow

Continued here: Easy Small Business Ideas

Ebay WordPress Plugin

Business Tax – The Basics

Sunday, April 3rd, 2011

If you are starting a new business, or you are simply looking to update your knowledge in the area of business tax, you should seriously consider using a firm of tax accountants to assist you. Taxation is a complex area and, with regulations changing on a regular basis, it is nearly impossible for any individual business owner to stay on top of things.

Using a tax professional on the other hand is the only certain way you know you are doing things properly and fulfilling obligations, whilst at the same time ensuring that you are not paying too much tax.

To clarify the situation, let’s take a look at some of the basics you need to understand about the way business tax operates for Australian businesses.

Every Australian business must register for a tax file number and lodge annual income tax returns. In most instances you will also have to apply for an Australian Business Number which must be used to complete activity statements and lodged with the Australian Tax Office on the due dates. These returns ensure that you are paying the correct amount of GST.
If you have employees, or are paying yourself as an employee, you need to record all payments made and include this on your business activity statement. At the end of the financial year you must also lodge a PAYG installment return. This is used by the Australian Tax Office to calculate the correct amount of income tax deductions your business has to pay. This means that you must also register for PAYG withholding if you make payments and have to withhold tax from your employees. These amounts have to be paid quarterly or, alternatively, whenever your BAS is due.
The goods and services tax applies to any business that is carrying on an enterprise where the annual turnover is $75,000 or more. Business Activity Statements (BAS) must be lodged at least annually, although most businesses choose to lodge them quarterly.
If you are in the wine industry or sell luxury cars, you also have to register for the wine equalisation tax or the luxury car tax.
If you are paying your employees any form of benefit, you must also register for the fringe benefits tax. This may require you to lodge an annual fringe benefits tax return, and to pay quarterly installments on your activity statement. Balancing payments are also due to be made on 21 May every year.
One of the most important aspects of taxation is the superannuation guarantee. Although you don’t have to register you must pay a minimum level of superannuation contributions for every eligible employee. This includes directors and contractors in some circumstances. At the moment, the minimum level of contribution is 9% of an employee’s ordinary time earnings.

The complexity which the above matters raise highlights the importance of using a qualified professional to assist you with every aspect of your business. Using a qualified firm of tax accountants is the first step every business owner should take to ensure they set up their operation effectively and efficiently.

By the way, do you want to learn more about Finance? If so, I suggest you check accountants and tax accountants.

Article Source:

http://EzineArticles.com/?expert=Casey_Silvers

Read the original post: Business Tax – The Basics

Herbal Affiliate Program

Business Tax – The Basics

Sunday, April 3rd, 2011

If you are starting a new business, or you are simply looking to update your knowledge in the area of business tax, you should seriously consider using a firm of tax accountants to assist you. Taxation is a complex area and, with regulations changing on a regular basis, it is nearly impossible for any individual business owner to stay on top of things.

Using a tax professional on the other hand is the only certain way you know you are doing things properly and fulfilling obligations, whilst at the same time ensuring that you are not paying too much tax.

To clarify the situation, let’s take a look at some of the basics you need to understand about the way business tax operates for Australian businesses.

Every Australian business must register for a tax file number and lodge annual income tax returns. In most instances you will also have to apply for an Australian Business Number which must be used to complete activity statements and lodged with the Australian Tax Office on the due dates. These returns ensure that you are paying the correct amount of GST.
If you have employees, or are paying yourself as an employee, you need to record all payments made and include this on your business activity statement. At the end of the financial year you must also lodge a PAYG installment return. This is used by the Australian Tax Office to calculate the correct amount of income tax deductions your business has to pay. This means that you must also register for PAYG withholding if you make payments and have to withhold tax from your employees. These amounts have to be paid quarterly or, alternatively, whenever your BAS is due.
The goods and services tax applies to any business that is carrying on an enterprise where the annual turnover is $75,000 or more. Business Activity Statements (BAS) must be lodged at least annually, although most businesses choose to lodge them quarterly.
If you are in the wine industry or sell luxury cars, you also have to register for the wine equalisation tax or the luxury car tax.
If you are paying your employees any form of benefit, you must also register for the fringe benefits tax. This may require you to lodge an annual fringe benefits tax return, and to pay quarterly installments on your activity statement. Balancing payments are also due to be made on 21 May every year.
One of the most important aspects of taxation is the superannuation guarantee. Although you don’t have to register you must pay a minimum level of superannuation contributions for every eligible employee. This includes directors and contractors in some circumstances. At the moment, the minimum level of contribution is 9% of an employee’s ordinary time earnings.

The complexity which the above matters raise highlights the importance of using a qualified professional to assist you with every aspect of your business. Using a qualified firm of tax accountants is the first step every business owner should take to ensure they set up their operation effectively and efficiently.

By the way, do you want to learn more about Finance? If so, I suggest you check accountants and tax accountants.

Article Source:

http://EzineArticles.com/?expert=Casey_Silvers

See more here: Business Tax – The Basics

Health Insurance Quotes

Why Top Business Ideas Include Online MLM

Thursday, March 31st, 2011

The reason why you are looking for top business ideas is that you are the kind of person that do not want to get left behind and what I am about to share with you is the wave of the future. By the time you get to the end of this article you will be glad that you found this information. I don’t want to tease you anymore, so let’s get started!

What Does MLM Have To Do With Top Business Ideas?

For those who do not know what MLM is let me quickly explain. MLM (Multi Level Marketing, Network Marketing and Home Based Business) is an industry based on the most effective type of advertisement: word of mouth advertisement. In order to best explain the top business ideas of Network Marketing business model let me ask you a few questions. Have you ever watched a movie or been to a good restaurant that you liked and the next day you told about it to your friends and family? Oh, yeah, I thought so. Let’s assume that your friends went to see the same movie or to eat tote same restaurant. When was the last time you received a cheque from the cinema or the restaurant owner for the reason that you brought some business for them? Again, I thought so: it never happened, right?

In MLM it happens all the time. People get paid for recommending a product that they like and for generating sales for the company. If you are thinking some kind of pyramid scheme, please learn the difference now because MLM is a very legit and honourable business model and also one of the very few top business ideas for the future that is based on the following principal: help people get what they want and you get everything you want. In illegal pyramid schemes people get paid for only bringing in people in Network Marketing people get paid for producing sales volume for a company and they are rewarded by commissions.

Why is MLM One of the Top Business Ideas?

Let’s see some advantages. Low start up cost: here you don’t even need $500 to put this together instead of a $200 000 Franchise (another effective business model if you are looking for top business ideas). For the reason that you put in less you risk the least possible. The worst thing is if you buy some products and don’t build any business and consume it yourself. In spite of this you still have unlimited income potential and I really mean it.

You can start this part time (as for starting your business without giving up your current job is among the greatest top business ideas these days) imagine you keep on working on your job and in one year you build a residual income from MLM that equals to the money you get working full time on your job. You do not need to deal with the typical business tasks: hiring and firing employees, taking care of the delivery, etc. Incredible tax advantages: most of your current expenses like telephone bill, petrol, rent and Internet can be written off from your income which reduces your profit and that reduces the tax you need to pay. You own a home business so you work from home basically and your kids will love it.

Here is why you can achieve Freedom utilizing the MLM type of top business ideas. In Network Marketing you leverage other people’s time and other people’s money and basically your business will grow without you are being there and doing anything. Incredible.

Is This One of the Top Business Ideas with Only Advantages?

Of course, NOT! Let’s see some disadvantages, then (there are not any existing top business ideas without any disadvantages). You ready? The flip side of the coin is this: some people do not take this as a serious business because of the low start up cost and for the reason that it is very easy to quit. People do not know how to market (remember Network Marketing mad of 2 words where Network refers to the people around you and Marketing refers to the way you make your opportunity more and more popular so that people come and join your business).

People do not know that their target market is not their friends and family and they have not got a clue where to find interested qualified prospects (leads) to contact. For the reason I mentioned there is a high failure rate in Network Marketing and that also gives a bad name to our amazing industry. Do not be fooled, this is just like any other top business ideas: most people fail but some can make it work.

In order to succeed in MLM you need 2 things: a proven system and a good leader that helps you succeed (it is in his interest to help you succeed so you won’t be left alone here). As for the system I can recommend the best I am aware of which is designed to help Network Marketers succeed using the leverage of the Internet. It provides the education needed to market effectively (it teaches you using step by step videos), the tools that are necessary online and also the community of top producer mentors (the right place you want to be). Once you checked out this Internet MLM System you will be able to see crystal clear the reason why Online MLM is included in the Top Business Ideas of today.

Article Source:

http://EzineArticles.com/?expert=Steven_Szabo

Follow this link: Why Top Business Ideas Include Online MLM

Mac desktop backgrounds

Why Top Business Ideas Include Online MLM

Thursday, March 31st, 2011

The reason why you are looking for top business ideas is that you are the kind of person that do not want to get left behind and what I am about to share with you is the wave of the future. By the time you get to the end of this article you will be glad that you found this information. I don’t want to tease you anymore, so let’s get started!

What Does MLM Have To Do With Top Business Ideas?

For those who do not know what MLM is let me quickly explain. MLM (Multi Level Marketing, Network Marketing and Home Based Business) is an industry based on the most effective type of advertisement: word of mouth advertisement. In order to best explain the top business ideas of Network Marketing business model let me ask you a few questions. Have you ever watched a movie or been to a good restaurant that you liked and the next day you told about it to your friends and family? Oh, yeah, I thought so. Let’s assume that your friends went to see the same movie or to eat tote same restaurant. When was the last time you received a cheque from the cinema or the restaurant owner for the reason that you brought some business for them? Again, I thought so: it never happened, right?

In MLM it happens all the time. People get paid for recommending a product that they like and for generating sales for the company. If you are thinking some kind of pyramid scheme, please learn the difference now because MLM is a very legit and honourable business model and also one of the very few top business ideas for the future that is based on the following principal: help people get what they want and you get everything you want. In illegal pyramid schemes people get paid for only bringing in people in Network Marketing people get paid for producing sales volume for a company and they are rewarded by commissions.

Why is MLM One of the Top Business Ideas?

Let’s see some advantages. Low start up cost: here you don’t even need $500 to put this together instead of a $200 000 Franchise (another effective business model if you are looking for top business ideas). For the reason that you put in less you risk the least possible. The worst thing is if you buy some products and don’t build any business and consume it yourself. In spite of this you still have unlimited income potential and I really mean it.

You can start this part time (as for starting your business without giving up your current job is among the greatest top business ideas these days) imagine you keep on working on your job and in one year you build a residual income from MLM that equals to the money you get working full time on your job. You do not need to deal with the typical business tasks: hiring and firing employees, taking care of the delivery, etc. Incredible tax advantages: most of your current expenses like telephone bill, petrol, rent and Internet can be written off from your income which reduces your profit and that reduces the tax you need to pay. You own a home business so you work from home basically and your kids will love it.

Here is why you can achieve Freedom utilizing the MLM type of top business ideas. In Network Marketing you leverage other people’s time and other people’s money and basically your business will grow without you are being there and doing anything. Incredible.

Is This One of the Top Business Ideas with Only Advantages?

Of course, NOT! Let’s see some disadvantages, then (there are not any existing top business ideas without any disadvantages). You ready? The flip side of the coin is this: some people do not take this as a serious business because of the low start up cost and for the reason that it is very easy to quit. People do not know how to market (remember Network Marketing mad of 2 words where Network refers to the people around you and Marketing refers to the way you make your opportunity more and more popular so that people come and join your business).

People do not know that their target market is not their friends and family and they have not got a clue where to find interested qualified prospects (leads) to contact. For the reason I mentioned there is a high failure rate in Network Marketing and that also gives a bad name to our amazing industry. Do not be fooled, this is just like any other top business ideas: most people fail but some can make it work.

In order to succeed in MLM you need 2 things: a proven system and a good leader that helps you succeed (it is in his interest to help you succeed so you won’t be left alone here). As for the system I can recommend the best I am aware of which is designed to help Network Marketers succeed using the leverage of the Internet. It provides the education needed to market effectively (it teaches you using step by step videos), the tools that are necessary online and also the community of top producer mentors (the right place you want to be). Once you checked out this Internet MLM System you will be able to see crystal clear the reason why Online MLM is included in the Top Business Ideas of today.

Article Source:

http://EzineArticles.com/?expert=Steven_Szabo

More here: Why Top Business Ideas Include Online MLM

Affiliate Plugin for WordPress

How to Start an Online Business

Wednesday, March 30th, 2011

People today are getting fed up working a 9-5 job and they are desperately looking for a change in their lives. They are looking for different ways to achieve their dreams and realize that a job just won’t cut it. So they decide to find out how to start an online business. If you’re looking to start an online business, now is the best time since there’s a ton of opportunities out there today.

Since people are being flooded with business opportunities everyday, it’s become difficult to be able to choose the right home based business. If you’re going to start an online business it going to take a lot of daily effort if you want to have success.

The rewards that you’ll receive will far outweigh the effort that you need to put into your business daily. You’ll receive the benefits for many years if you give your business the time that it deserves today. Do you dream about quitting your job and firing your boss? Are you dying to be financially free and live the lifestyle that you deserve? Let’s get started then. Before you start an online business there’s some important things that you need to look for first.

When looking for the home based business that’s the right fit for you, it’s important to make sure the company offers you long-term residual income potential as well as a high get paid today (GPT) value. You want to make sure that you get paid today for the efforts that you put into your business as well as receive long term residual income. Most businesses today won’t offer both of these together.

This is why most entrepreneurs fail in the network marketing industry. They either receive tiny up front paychecks that make it difficult to fund their business or they get paid well up front but don’t have long term financial security. Since network marketers can’t survive on these tiny paychecks, they end up quitting or hoping from business to business hoping things will change, but they never do. If you want to have the right balance in your business, then you want to get paid well for your efforts up front plus receive long term residual income that will pay you for years down the road.

It’s also important to choose a business that offers multiple streams of income when you start an online business. Multiple streams of income is a huge benefit to achieving financial security. The top online businesses will partner you with affiliate companies that will pay you for referring business to them. This is a tremendous way to receive additional streams of income. The great part is that the top online businesses already have these partnerships in place for you when you get started.

So now that you realize that getting paid today, receiving multiple streams of income, and residual income is important to your success, what’s the next step to start an online business? You need training. It’s important to become a member of a training system that will teach you the exact steps of running a successful internet business.

The top systems will give you a step by step training program that will teach you every step on how to start an online business the right way. The best way to achieve success is to follow leaders that are already having success in the industry. If you partner with the right training system then you’ll have access to these leaders and you’ll be able to copy what they are doing.

So it’s time to make a choice. Are you willing to do what it takes to achieve success? If you are then it’s time to start an online business today.

Now that you know how to start an online business, it’s time to take action. My Lead System Pro will teach you how to get up to 19 checks per month, earn upwards of $519.17 per day, and personally sponsor 107 reps into your primary business in 60 days or less marketing 1 simple website!

As a thank you for taking the time to read my article I’m going to give you access to my free facebook marketing training. In this exclusive 76 minute webinar you’ll learn the step by step blueprint of how you can spend only 30 minutes a day on facebook to create endless raving fans that are ready to buy from you with their wallets in hand.

Article Source:

http://EzineArticles.com/?expert=Lucien_Bechard

See more here: How to Start an Online Business

Best Wrinkle Cream

Starting A New Business – Don't Get Caught In The Gold Rush

Thursday, September 9th, 2010

While many websites offer opportunities that talk about how you can make money fast with little work, this is not realistic. A person who is going to be successful in business, must be willing to invest as much time as it takes to succeed. Internet businesses are a lot like the California Gold Rush.

The people who were involved when the “Rush” started or created businesses that supported the people who were looking for Gold were the ones that made money. But, the hundreds of thousands of people who were led to believe that they would come to California and pick up gold nuggets from the street and make a fortune were sadly disappointed.

Just like the California Gold Rush, the people who are making money on Internet Businesses are those that are in some way selling or supporting the dream. Does this mean that you cannot start an Internet business and make money? Of course not, but, it is going to take more work, effort, and money than you may be prepared to spend and it it will be important that you do some research on the type of business you want to start and have an understanding of the realistic investment of time and money that you will need to make.

Just like 1848, there is an abundance of “how-to’s” and “guides” to tell a person how to get rich quick. However, when you are reading these advertisements, it is important to think about the fact that the majority of the individuals writing these books are trying to “get rich” by selling the publications. In 1848, the publishing industry boomed by selling information to people who did not have a clue about what they were getting into. Reading this material with a critical eye would have saved people time and money, just as it will save you time and money.

Starting an internet business will take an investment. In order to reach the global market, you must become visible and develop a presence on a global scale. This is accomplished through a marketing strategy that will include article submission, advertising, and affiliate marketing. While there is a minimal income flow available through affiliate marketing, you must look at this form of income with a critical eye. The individuals who make a substantial income from advertising and affiliate marketing efforts spend a tremendous amount of money on these endeavors.

Developing a balanced marketing strategy that fits your budget will help you to build a successful business. By using solid business strategies that will give you a steady and growing income, you will not suffer the disappointment of making a huge investment and getting little return. When you are investing your marketing dollar, it is important to think about how much of your dollar is going to have a visible impact on your market. When more than half of your investment dollar is being spent to pay someone who is promising you the “secret” to get rich quick, you are not left with much working capital to reach your customers.

Article Source:

http://EzineArticles.com/?expert=Clayton_Colgrouf

See the rest here: Starting A New Business – Don’t Get Caught In The Gold Rush

Website Value Calculator

Show Me the Money! – the Financial Truth of New Business

Monday, August 9th, 2010

“I want to start my own business and be my own boss!” Sound familiar? It may, because nearly 95 percent of people have this pass through their thoughts at some point in their working lifetime.

“Get rich quick” schemes never work. Yet we are repeatedly bombarded with TV and other advertizing promising us riches and status if we join their programs to gain “financial success.” But regardless of if the program they offer is a valid means of making an income or being successful, the truth is, new businesses rarely show any amount of profit in their first two years.

It has been estimated that as many as 90 percent of new businesses fail in their first year. Lack of planning is the number one cause of new business failure; “financial planning” tops that list. Being financial smart is perhaps your best chance at success. Follow the basic guidelines listed here:

• Avoid business loans requiring the collateral of your home.

• Never mortgage (or sell) your home to finance your business.

• Never use a credit card to start or operate a new business.

• Keep your business idea in proportion with the amount of money you have available.

Use common sense; if your means of financing your new business might potentially put a strain on your personal finances, look for other means to support the new venture. One should NEVER try starting a business to “save” a poor personal financial situation, unless the new business requires no monetary investment and can eventually supplement the personal income. Consider a business which utilizes your skills or services and requires little or no financial investment to start.

Be financially prepared to survive your first two years in a new business. Allow for personal income needs as well as the businesses financial requirements. You may need to “keep your day job” until the business gets established.

Better to be one of the 10 percent of new businesses who succeed, rather than facing financial and emotional devastation due to poor financial planning.

Carol Denbow is the author of “Are You Ready to Be Your Own Boss?” For more on new business start-up or to read about the author, visit www.BooksByDenbow.Weebly.com

Retrieved from “http://www.articlesbase.com/business-articles/show-me-the-money-the-financial-truth-of-new-business-344094.html”

Read this article: Show Me the Money! – the Financial Truth of New Business

Uphold Ample Cash Flow In Business Through Short Term Business Loan

Friday, June 18th, 2010

By Michael Brian

Every business whether big or small, suffers from financial crisis. This inappropriate flow of income hampers the working of the business. The common example can be illustrated through the seasonal product. Like, if a business is dealing in the seasonal product, the flow of income will appropriate in the seasonal month but, what about the months in which there is no dealing of such products. So, in order to cope up with such situations and for the smooth working of business, most of the time the businesses need finances. These short term finances are available in the market in the form of short term business loan.

Short term business loan are taken for short period. And their repayment period varies from 90 days to 3 years. Short term business loan are considered as the best way to raise the short term capital for business. They are appropriate for both new and existing business. The amount which a person borrows basically depends on the needs of an individual business. Lender also prefer to grant short term loans as the risk involved in them is much lower than the long term loans.

Generally seen, before granting the short term loan, the lender thoroughly checks the credit status and flow of income of the borrower. And if the person has sufficient asset and provides collateral against an amount, it helps the borrower in getting the loan approved faster. In such short term business loan, the lender expects that as soon as there is proper flow of funds, the borrower should repay the loan.

Short terms loans carry high interest rate, but they are fixed and they do not fluctuate due to the changes in the market forces. But providing collateral helps to lower the rate of interest and also provides favorable terms and conditions.

If we think practically, most the person engaged in business doesn’t have perfect credit score. But, they are not required to think about this fact. They can still avail the short term business loan to overcome their business financial crisis. For this purpose the person has to make research with regards to the lender providing such bad credit loans.

Finally, before the person decides to avail loan, he must ask himself certain question. which will help him to determine his needs.

Business Loans Without Banks: 14 Reasons A Business Owner Might Not Go To A Bank For A Commercial Mortgage

Friday, June 18th, 2010

By Stephen Bush

Traditional banks serve a very important role in the North American economy. Nevertheless, when it comes to a business loan, there are many reasons that small business owners should not always use a traditional bank. There are not just one or two major reasons to obtain a small business loan from another source. As you will see below, there are over a dozen compelling reasons to consider a source other than a traditional bank for a small business loan. For most small business owners, five to ten of these reasons are likely to be applicable to them.

With many small business loan borrowers, banks have already declined their loan application. That particular compelling reason to use a source other than a traditional bank (being declined by a traditional bank) does not even appear on the list below.

Here are 14 compelling reasons a small business owner might not go to a traditional bank for a commercial real estate loan. The compelling reasons shown below also indicate that for business borrowers that can get approved at a traditional bank, there might be better options available elsewhere.

Reason # 1:

Minimum commercial real estate loan for many banks is $250,000 or more. With non-bank small business lenders, the typical minimum commercial loan amount is $100,000.

Reason # 2:

Most banks charge an up-front commitment fee. Most non-bank small business lenders do not charge an up-front commitment fee for a commercial mortgage.

Reason # 3:

Most banks will severely limit the amount of cash a business borrower can get when refinancing a commercial mortgage. When a borrower is refinancing their business property with non-bank small business lenders, they can typically get up to $1,000,000 in cash.

Reason # 4:

Most banks are reducing their commercial real estate loan interest in properties such as bars/restaurants, auto service businesses and funeral homes. Non-bank small business lenders are very interested in these business categories (and many other special purpose properties) for a commercial mortgage.

Reason # 5:

Most banks will require business plans for a commercial mortgage. The cost to provide this is usually several thousand dollars. Non-bank small business lenders typically do not require business plans as part of their underwriting process for a commercial real estate loan.

Reason # 6:

Most banks will require tax returns for a commercial mortgage. Non-bank small business lenders do not require tax returns or any income verification for a Stated Income commercial real estate loan. Many banks not requesting tax returns will ask borrowers to sign IRS Form 4506 (which authorizes the lender to obtain tax returns directly from the IRS). Non-bank small business lenders typically do not request borrowers to sign this form.

Reason # 7:

Most banks will require cross collateralization of personal property for a commercial real estate loan. Most non-bank small business lenders do not require cross collateralization of personal property for a commercial mortgage.

Reason # 8:

Most banks will require balloon payments or the loan will be subject to recall after periods as short as 3-5 years for a commercial mortgage. With a commercial real estate loan via typical non-bank small business lenders, all properties are eligible for 25-year loans and some up to 40 years.

Reason # 9:

Most banks will not permit seller seconds or secondary financing for a commercial real estate loan. With many non-bank small business lenders, if the business borrower uses a seller second or other secondary financing for a commercial mortgage, the business borrower can obtain a loan with a CLTV up to 95% of the property value.

Reason # 10:

Most banks require income verification or audits even after the commercial real estate loan closes. Non-bank small business lenders do not verify income either before or after a commercial loan closes with a Stated Income Business Loan Program.

Reason # 11:

Most banks have strict guidelines for “sourcing” or “seasoning” of assets or ownership to qualify for a commercial mortgage. Most non-bank small business lenders do not have any requirements or limitations involving sourcing/seasoning of funds or seasoning of ownership.

Reason # 12:

Very few banks offer an assumable commercial real estate loan. Typical non-bank small business lenders have an Assumable Commercial Loan Program which includes loan amounts up to $1 million.

Reason # 13:

With most banks, a typical commercial real estate loan will require 3 to 9 months to close. At typical non-bank small business lenders, most commercial mortgage loans close in 45 to 55 days.

Reason # 14:

Very few banks use Stated Income (no tax returns, no income verification) for a commercial real estate loan. Non-bank small business lenders use the Stated Income Approach for commercial mortgage loans in their Stated Income Business Loan Programs (most commercial mortgages up to $2 million qualify for these programs). This especially benefits self-employed small business borrowers who frequently have income that is erratic and difficult to document properly.

As noted above, there are many reasons that small business owners should not always use a traditional bank. A recommended follow-up to this article provides a review of the Top 12 commercial mortgage loan problems that small business borrowers should avoid ( http://steve.bush.googlepages.com/home ).