Business loan application, Westpac, apply for a business loan.#Apply #for #a #business

Can I ensure my business loan application is accepted?

Whether you’re considering a business loan now or in the future, it makes good business sense to know what criteria a bank looks for when assessing your business loan application and what you can do to improve the likelihood of being accepted.

Assessing your business loan application

When assessing your business loan, we’ll ask you:

  • Can you afford the business loan?

We’ll need your financials for the last 2 years including balance sheets, profit and loss and tax returns. Having access to this historical information helps us determine whether your business can meet your future loan repayments.

  • Can you provide security for your loan?

    You’ll need to secure your business loan with an asset, usually property (residential, commercial or rural) depending on the type of business. Find out what you can use as security for your business loan.

  • Will you be able to continue making repayments?

    We’ll evaluate your business by looking at your plans, competitor activity, suppliers and business contracts to determine whether your business will have enough revenue to meet your repayments in future.

  • What if you’re starting a new business?

    If you’re starting a business, you won’t have historical financial statements but you will need to provide a detailed business plan with profit and loss forecasting to support your business loan application.

    How to strengthen your business loan application?

    Improve your future borrowing potential by taking some basic steps today:

    • Maintain accurate, up to date financials. This provides a clear understanding of your business income and whether you can afford the business loan.
    • Make sure you have enough money to cover costs. If you have an existing business loan don’t overdraw your account and make consistent additional repayments when possible.
    • Maintain a good credit history by paying off your debts on time. All your credit activity (personal and business) is kept on file for 5 years – including your loan details, repayments, overdue accounts – and lenders use this information to assess whether you’re credit worthy

    If you’d like to discuss your options with a business manager, complete our short enquiry form and we’ll contact you or call us on 132 142 (8am-8pm, Mon – Fri).





    Small Business Loans, TD Canada Trust, apply for a business loan.#Apply #for

    Small Business Loan

    7:00 a.m. – 12:00 a.m. EST

    Ways To Apply

    Or, to begin an application, call our Small Business Advice Centre at 1-866-222-3456

    7:00 a.m. – 12:00 a.m. EST, 7 days a week

    Small Business Loans

    Apply for a business loan

    Available Fixed or Floating Interest Rates for Small Business Loans

    Flexible Business Loan Payment Options

    A Business Loan 1 can help you purchase or upgrade business assets, or help with your expansion plans. The choice is yours.

    Secured or unsecured options

    • Available as an unsecured loan 2 in amounts from $10,000 to $50,000
    • Also available as an asset secured loan in amounts from $10,000 to $1,250,000. Flexible security options 3 include:
      • Business real estate
      • Residential real estate (full or partial)
      • Liquid or margin security (full or partial)
      • Business assets

    Flexible payment options

    • Choice of 1 to 5 year fixed-rate terms
    • Amortization up to 20 years, based upon the useful life of the asset financed

    Fixed or floating interest rates available

    • Floating interest rate options based on TD Prime Rate with no prepayment penalties.
    • Fixed interest rate options available with the flexibility to make 10% principal prepayments annually without penalty.
    • No review fees.
    • Set-up fees may apply.

    Protection for your Business Loan

    Business Credit Life Insurance can help meet the financial obligations of your business should a person who is key to the success of your business die or suffer a covered accident. Get the coverage your business needs.

    Multi-unit property mortgages

    We can help you build a customized mortgage for multi-unit residential properties (5+ units).

    Expand Let’s continue the conversation

    Find an Account Manager, Small Business

    Talk to an Account Manager about

    your business needs.

    Visit us in person

    Talk to Us

    1 Subject to complying with TD Canada Trust lending policies and criteria including confirmation of good personal credit history. Certain business documentation is required. Other conditions may apply. Set-up fees may apply. Personal guarantee(s) may be required.

    Services
    Support
    Ways to Bank
    Contact Us
    • Contact an Account Manager, Small Business
    • Branch Locator
    • Contact a Regional Agriculture Specialist
    • Talk to Us: 1-866-222-3456

    Apply for a business loan





    How to Apply for a Small Business Loan, apply for a business

    How to Apply for a Small Business Loan

    In order for a small business to get off the ground, or to keep one operating, it must have financing which is often in the form of a business loan. One form of small business financing is debt financing. Small businesses can apply to banks or other financial institutions, like credit unions, for commercial loans. Usually, banks do not make loans to start-ups, but they do make loans to ongoing businesses. These are the major steps you should follow through the loan application process.

    Apply for a business loan

    It seems obvious that a small business owner would know the reason for and amount of the business loan they need. If the business is a start-up, this is not necessarily true. Owners of start-ups may only be in the process of determining the amount of funds they need and why. Business owners, whether the firms are start-ups or existing firms, need to take some time and be able to clearly articulate why they need a business loan and how much they need. Often, businesses may not be able to address the question of how much they need until they prepare their financial statements as part of their business plan. More

    Especially if your business is a start-up, you may want to get some advice and help from experienced executives. If you have a chapter of SCORE in your area, they are a wonderful and free source of advice and help. SCORE is a non-profit, volunteer group of retired business executives. If you don t have a local chapter, you can get online advice and online counseling. You may also have a local chapter of the Small Business Development Center (SBDC), particularly if you have a nearby university. The SBDC is part of the Small Business Administration (SBA) and exists to help existing and new small businesses. It will help small business owners with the application process for a small business loan.

    If your business is a start-up or less than three years old, your personal credit history will be evaluated as well as your business credit history. Before you apply for a small business loan, take some time to get your personal credit history in order. Request your credit report from each of the major credit reporting agencies. Review these credit reports. If you see any errors on your credit reports, write the agency a letter and detail the error and ask for it to be fixed. If there is an error that the agency will not fix, file a credit dispute report. Check on your credit score. A credit score about 700 is very good and significantly increases your chance of being approved for a loan. More

    Look at the commercial banks available to you. Don t just go to the large, national commercial banks. You may have a better chance for a loan at the smaller regional commercial banks. Other non-bank institutions might be options for you such as credit unions. If you are a member of a local credit union, talk to the loan officer there about your need for a small business loan. If they make such loans, pick up a loan application there as well. There are other options such as microfinance loans that make loans to startups. If one lender turns you down, another may say yes to the same loan application so keep trying. More

    This may be your most important step. In order to get a small business loan from just about any lender, you have to prepare a good business plan. In fact, until you have a good business plan, chances are you won t even know how much money you need or how fast you can repay it. The business plan is in addition to the loan application required by the financial institution. Business plans consist of many parts. A good business plan will have several years of past and project financial statements for your business. It will include a statement of collateral or the type and value of assets you will use to secure the loan. You will need to include an analysis of the market your business will serve as well as a statement of your own experience.

    In order for the loan officer at your financial institution to give your application for a small business loan a second look, you have to make it compelling. Prepare a presentation of your business plan and application for your loan officer. Put together a professional package to hand to your loan officer with a narrative plus any financial statements, spreadsheets, charts, and graphs necessary. Be sure and include an Executive Summary. Many loan officers read the Executive Summary first and decide whether they are interested based on that. Make an appointment with your loan officer and request enough time to do a short presentation, with visual aids, based on your business plan. Be concise, succinct, and organized.





    How to Apply for a Small Business Loan, apply for a business

    How to Apply for a Small Business Loan

    Whether you re getting ready to start a new business or you re looking to grow an existing one, there may come a time when you will need a small%20business ” href=”http://www.businessnewsdaily.com/90-infographic-us-small-business-facts.html”>small business loan.

    The first step is to apply for a loan through a commercial bank, preferably one you already have a relationship with. If you are unable to secure financing that way, you can apply for a loan through the Small Business Administration (SBA). The SBA may be able to assist you in getting a loan from a lender that wouldn t normally loan you money without the SBA s endorsement (details from the SBA). The SBA will not consider loan applications until you can prove that you have exhausted traditional lending options.

    Regardless of what route you take, you will be expected to have your ducks in a row before you initiate the loan application process.

    Your prospective lender will require comprehensive documentation of your personal and business financial status and a clear understanding of your business%C3%A2%C2%80%C2%99%20goals%20and%20plans ” href=”http://www.businessnewsdaily.com/30-writing-small-business-plans-resources.html”>business €™ goals and plans . It will want to get an idea of who you are as a person.

    • Banks will ask for many documents including:
    • Bank statements
    • Business%20plan ” href=”http://www.businessnewsdaily.com/25-balance-sheet-financial-insights.html”>Business plan
    • Cash%20flow%20projection ” href=”http://www.businessnewsdaily.com/25-balance-sheet-financial-insights.html”>Cash flow projection (a projection of income and expenses)
    • Tax returns and all related financial documents for both the owner and the business
    • Detailed breakdown of existing capital and collateral (including cash, real estate, machinery, vehicles, etc.)

    Banks will use all of these documents to determine whether loaning money to your business is a safe bet. There are many factors they will consider, including your business working assets, its debt-to-worth ratio, the rate at which income is received after it is earned, the rate at which debt is paid after becoming due and the rate at which the service or product moves from the business to the customer. For new businesses, banks will be looking for an educated guess on these indicators and documentation to back your estimate up.

    Lenders will also consider its working assets and how much of your own money the owner and principals are willing to invest.

    Lenders will expect you to contribute your own assets and to undertake personal financial risk to establish the business before asking them to commit to any funding, explains the Small Business Association s web site.

    While some commercial banks will allow your business entity to secure and take responsibility for the loan, all SBA loans require personal guarantees from those who own 20 percent or more of the business, plus other individuals who hold key management positions.

    Finances aren t the only thing that banks will consider when deciding whether to loan you money. Your personal appearance, attitude and demeanor are all indicators of whether your business will succeed.

    Editor s Note: Looking for a small business loan? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site, BuyerZone, provide you with information from a variety of vendors for free:

    The SBA web site clearly warns prospective borrows that a lender s decision to loan money is a subjective one.

    Character is the personal impression you make on the potential lender or investor, states the SBA s web site. It helps them determine whether or not you are sufficiently trustworthy to repay the loan or generate a return on funds invested in your company.

    James Jacobs, a retired president of a financial services group in Dallas and a SCORE (Service Corps of Retired Executives) advisor, puts it more succinctly.

    Don t go in and apply for a loan in your flip-flops, Jacobs advised. You ve got to act like you re in business even if you re not yet.

    A comprehensive business plan will say a lot about who you are and what you chances of success are, Jacobs told BusinessNewsDaily.

    He advises making sure your business plan includes an executive summary, a business profile, anticipated sales and a marketing plan. SCORE offers a business plan creation kit on its web site, and there are several business plan software options to guide you through the process.

    For more detailed help on applying for a loan, the SBA offers a free course on its web site called, How to Prepare a Loan Package.

    • Finance%20Options%20for%20a%20Business%20Startup ” href=”http://www.businessnewsdaily.com/3-small-business-start-up-finance-options.html”>Finance Options for a Business Startup
    • How%20to%20Write%20a%20Business%20Plan ” href=”http://www.businessnewsdaily.com/30-writing-small-business-plans-resources.html”>How to Write a Business Plan
    • What%20a%20Small%20Business%20Development%20Center? ” href=”http://www.businessnewsdaily.com/18-small-business-development-center-resources.html”>What a Small Business Development Center?

    Jeanette has been writing about business for more than 20 years. She has written about every kind of entrepreneur from hardware store owners to fashion designers. Previously she was a manager of internal communications for Home Depot. Her journalism career began in local newspapers. She has a degree in American Studies from Rutgers University. Follow her on Twitter @jeanettebnd.





    How to apply for a business loan – Westpac NZ, apply for

    The right way to apply for a business loan

    If you don’t already have a business loan, you’ve probably considered applying for one. Here we’ll take a look at the best way to prepare a loan application, to give your small business the best chance of gaining a foothold on the ladder to success.

    • Contact a business manager
    • Our business term loan options
    • Or call us on 0800 177 188

    A good start is certainly half the battle – this is especially true when it comes to preparing your loan application. Getting an early start can mean the difference between the best deal for your business and agreeing to poor terms. If you have a date in mind for starting up your new venture or expanding your current business, it makes sense to start planning a couple of months ahead.

    Westpac has some great free business tools such as a cash flow forecast and a handy checklist to help you calculate the cost of starting up a new business.

    Banks will take a look at your company’s credit rating and review your personal credit history if your business is a start up, or less than three years old. This means that any unpaid credit card bills or missed mortgage payments can have a detrimental effect on your application.

    Your credit details are held by three main reporters in New Zealand, namely:

    Consider checking your personal and business credit reports from each of these reporters. If you find any discrepancies, it’s within your rights to dispute these errors and the Citizens Advice Bureau have a great section explaining this process in full.

    A good business plan takes time to develop and is an essential part of your application. Until you have your business plan prepared, whether it’s for a start up or a growing business, you’ll have no real idea of the capital needed to move ahead with your plans.

    A great guide is available from New Zealand Trade and Enterprise (NZTE) that clearly outlines exactly what is expected from a business plan and how to go about developing your own.

    Once your business plan is in place you’ll have a clear indication of the amount of money you’ll need to borrow. Your business plan and presentation will outline your goals for future growth but you’ll also need to explain how you’re planning to spend each dollar you borrow. Most importantly, you’ll need to detail how you plan to make repayments.

    If you’re investing in new equipment such as company vehicles, it’s a good idea to have the exact figures on the purchasing and running costs of each vehicle. You might also want to explain why a particular vehicle is a good fit for your small business. Reliability, size, and value for money are some of the reasons you could list.

    Ensure your plans for repayment are reasonable and that you’re not over-stretching your budget. Making an application for an outrageously large amount of money will most likely see your business labelled as a time waster.

    Plan your presentation

    First impressions count – when you meet your loan officer for the first time to present your business plan, there are a few things you can do to make that meeting run smoothly.

    • Present your loan officer with a professional presentation package that includes financial projections, previous statements, and an executive summary outlining your business objectives and how the loan can help you achieve those goals.
    • Try to predict any possible questions your loan officer may have and prepare your answers. Your calm and confident demeanour will instill a feeling of mutual trust.
    • You need to sell your business idea to your loan officer. Show them how confident you are about the future growth and prospects of your business.

    Like personal loans, business loans offer the ability to choose from:

    • Fixed interest rates – these have the same repayments for the entire term of the loan. They’re great for businesses that need to know the exact amount of each month’s repayment.
    • Floating interest rates – these enable you to pay off lump sums at any period during the loan term, or change the repayment amount from month to month. They’re a better option for businesses that are hoping to pay a loan off quickly but unable to make higher repayments over the long term.

    Remember, business loans usually require some form of security and even if you hold a commercial property, a business owner’s residential property may be used as security.

    Westpac’s current lending criteria apply.

    The content of this material is for general information purposes only. It does not take into account your personal finance situation and goals, and should not be relied on. We recommend you seek independent legal, financial and/or tax advice. All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this material and intends by this statement to exclude liability for any such opinion, statement and analysis. Advice, opinions and information from third parties constitutes an expression by those third parties only and Westpac is not responsible for the accuracy or reliability of such advice, opinions and information. Westpac is not responsible for the information on any other site accessed via this website; that information is the responsibility of the owner of that site and Westpac has no control over it. Links to other sites are provided for convenience only and Westpac accepts no responsibility for the availability or content of such websites.





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    How to apply for a business loan – Westpac NZ, apply for

    The right way to apply for a business loan

    If you don’t already have a business loan, you’ve probably considered applying for one. Here we’ll take a look at the best way to prepare a loan application, to give your small business the best chance of gaining a foothold on the ladder to success.

    • Contact a business manager
    • Our business term loan options
    • Or call us on 0800 177 188

    A good start is certainly half the battle – this is especially true when it comes to preparing your loan application. Getting an early start can mean the difference between the best deal for your business and agreeing to poor terms. If you have a date in mind for starting up your new venture or expanding your current business, it makes sense to start planning a couple of months ahead.

    Westpac has some great free business tools such as a cash flow forecast and a handy checklist to help you calculate the cost of starting up a new business.

    Banks will take a look at your company’s credit rating and review your personal credit history if your business is a start up, or less than three years old. This means that any unpaid credit card bills or missed mortgage payments can have a detrimental effect on your application.

    Your credit details are held by three main reporters in New Zealand, namely:

    Consider checking your personal and business credit reports from each of these reporters. If you find any discrepancies, it’s within your rights to dispute these errors and the Citizens Advice Bureau have a great section explaining this process in full.

    A good business plan takes time to develop and is an essential part of your application. Until you have your business plan prepared, whether it’s for a start up or a growing business, you’ll have no real idea of the capital needed to move ahead with your plans.

    A great guide is available from New Zealand Trade and Enterprise (NZTE) that clearly outlines exactly what is expected from a business plan and how to go about developing your own.

    Once your business plan is in place you’ll have a clear indication of the amount of money you’ll need to borrow. Your business plan and presentation will outline your goals for future growth but you’ll also need to explain how you’re planning to spend each dollar you borrow. Most importantly, you’ll need to detail how you plan to make repayments.

    If you’re investing in new equipment such as company vehicles, it’s a good idea to have the exact figures on the purchasing and running costs of each vehicle. You might also want to explain why a particular vehicle is a good fit for your small business. Reliability, size, and value for money are some of the reasons you could list.

    Ensure your plans for repayment are reasonable and that you’re not over-stretching your budget. Making an application for an outrageously large amount of money will most likely see your business labelled as a time waster.

    Plan your presentation

    First impressions count – when you meet your loan officer for the first time to present your business plan, there are a few things you can do to make that meeting run smoothly.

    • Present your loan officer with a professional presentation package that includes financial projections, previous statements, and an executive summary outlining your business objectives and how the loan can help you achieve those goals.
    • Try to predict any possible questions your loan officer may have and prepare your answers. Your calm and confident demeanour will instill a feeling of mutual trust.
    • You need to sell your business idea to your loan officer. Show them how confident you are about the future growth and prospects of your business.

    Like personal loans, business loans offer the ability to choose from:

    • Fixed interest rates – these have the same repayments for the entire term of the loan. They’re great for businesses that need to know the exact amount of each month’s repayment.
    • Floating interest rates – these enable you to pay off lump sums at any period during the loan term, or change the repayment amount from month to month. They’re a better option for businesses that are hoping to pay a loan off quickly but unable to make higher repayments over the long term.

    Remember, business loans usually require some form of security and even if you hold a commercial property, a business owner’s residential property may be used as security.

    Westpac’s current lending criteria apply.

    The content of this material is for general information purposes only. It does not take into account your personal finance situation and goals, and should not be relied on. We recommend you seek independent legal, financial and/or tax advice. All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this material and intends by this statement to exclude liability for any such opinion, statement and analysis. Advice, opinions and information from third parties constitutes an expression by those third parties only and Westpac is not responsible for the accuracy or reliability of such advice, opinions and information. Westpac is not responsible for the information on any other site accessed via this website; that information is the responsibility of the owner of that site and Westpac has no control over it. Links to other sites are provided for convenience only and Westpac accepts no responsibility for the availability or content of such websites.





    How to Apply for Your First Business Loan #start #a #business #ideas

    #apply for a business loan

    #

    How to Apply for Your First Business Loan

    Continue Reading Below

    Unless you plan to fund this enterprise solely with savings—not recommended unless you are fabulously wealthy—you’ll need a business loan. As any lender can tell you, the better prepared you are before making your request for business credit. the greater the likelihood of getting approved.

    Part of this preparation is understanding what bankers will need to approve you. Banks make a major portion of their profits from loans. They’re not in the business of saying no; they just say it when your application doesn’t meet lending requirements, which are much stricter now than before the financial crisis. But be aware that start-ups are almost always considered risky bets, and many lenders are reluctant to finance them. Also know that many larger banks won’t even consider small loans, which are less profitable than larger loans but require the same amount of time to analyze and administer.

    Don’t let these discourage you. Get organized. How small is small? According to the Small Business Administration (SBA), the median small business loan from a financial institution is roughly $135,000, with highest around $250,000. SBA loans, which are not underwritten by the US Government but by SBA partners (lenders, community development organizations and microlending institutions), range from $5,000 (a microloan) to $5 million, with the average around $371,000.

    Do Your Homework So what exactly are lenders looking for? Basically, they’re searching for clues that your business will be able to repay the loan, plus interest, with metronomic regularity. Most financial institutions will expect the loan to be fully secured. either with business assets or personal collateral. Having some skin in the game, meaning you have your own equity invested in the business, strongly works in your favor.

    Lenders also will be looking at opportunities to profit from your success, so as your business grows, so will your business relationship. The buzzword in banking circles these days is cross-selling, so your business loan provider may also seek to be the issuer of your business’s credit cards and holder of your treasury accounts. Lenders will also be looking at you—your personal finance record, your credit score. your assets, your work experience, and your character. If you’re starting a business for the first time, having partners with the experience and track record that you lack may also be a requirement.

    Continue Reading Below

    The Questions You Need to Answer Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, on the right side of the chart. Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, for each of the categories listed below.

    Purpose: What will the funds be used for? (Note that banks won’t lend for speculating, passive investments, pyramid sales or gambling.)

    Amount: How much money do you want to borrow? Why that particular amount? Term and

    Repayment Plan: For how long will you need the money and what is your specific plan for repayment?

    Collateral: What assets, business or personal, do you intend to use as collateral? What is their market value? What portion of their value can you use as collateral?

    Asset and Liability Statement: Your current, complete business asset and liability financial statements (your balance sheet).

    Current Income and Financial Performance Statement: Your current, complete business statement of income and expenses (your profit and loss statement, or P L).

    Business Plan Details: Your written plan for your business including goals and action steps, timetable, resource allocation, funding required, and related financial data. You may be asked for cash flow projections for at least a year.

    Historic Financial Performance Information: Past business financial performance information under your ownership or under the previous owner’s ownership.

    Other Information As Required: Information about you (your C.V. your loan Guarantor—someone who will pledge his/her assets and financials to guarantee repayment of the loan should you default. Guarantors can be a legitimate tipping point factor in getting a “yes” to the credit request.

    If You’re Turned Down What do you do if you get a no? Don’t give up. Pursue the reasons for the rejection. Was it a procedural thing—a missing piece of information on the application—or something else? Then ask what would it take to get a yes.

    You can then either alter your request accordingly and resubmit it, or take it elsewhere. If you keep hitting a brick wall, consider alternative sources of funding. Many entrepreneurs seek out financing from family and friends. Some use their available credit from credit cards or home equity lines of credit to finance their businesses.

    If your no comes from a commercial bank, consider community banks and credit unions, many of which specialize in small business loans. You may also want to look into alternative sources of business credit, like Kabbage.com, which offers cash advances of between $500 and $50,000 to businesses that already have a performance record, such as online sales. If you do decide to go online to fund your business, be sure you understand all of the terms and conditions of the financing, as they can differ from conventional small business loans.





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    *See the credit card’s terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won’t change. Click the “Apply Online” button and review the current info on the secure credit card terms page.


    Apply For Home Loan Online ABHFL India, what do i need to


    #

    what do i need to apply for a home loan

    Home Loan Eligibility & Documentation

    Eligibility Requirement for your PNB Housing Finance Limited Home Loan application:

    • Applicant’s age should not be more than 60 years in case salaried employee and not more than 65 years in case of self-employed professional/ non-professional, at the time of loan maturity.
    • Applicant should be a salaried employee or a self-employed professional/ non-professional.

    Document Requirement for your PNB Housing Finance Limited Home Loan application:

    • Identity Proof (Any One of the following Photo cards): Passport, PAN Card, Voter Id Card, Govt ID, etc
    • Address Proof (Any One of the following documents with current residence address): Passport, Driving License, Phone bill, Electricity / Other Utility bill, Rental agreement etc.
    • 1 recent passport-sized Photograph
    • Financial Documents:
      • Salaried: Latest three month salary slip
      • Self Employed Businessmen/Self Employed Professionals: Certificate & Proof of business existence along with Business Profile.
    • OR

      • Salaried: Last 6 months Bank Statements(salary account)
      • Self Employed Businessmen/Self Employed Professionals: Last 12 months Bank Account Statements (self & business)

    Offline Modes

  • Cheque Payment You can drop a cheque, favoring PNB Housing Finance Limited.
  • Cash Payment You can deposit cash towards your Home Loan at any of the PNB Housing Finance Limited Branches.
  • Auto Debit If you have an account with PNB Housing Finance Limited, you can instruct us to automatically debit your bank account with either the Minimum Amount Due or Total Amount Due of your monthly outstanding on your Home Loan. Your account should be a sole account or a joint account with an ‘any’ or ‘either’ signing mandate

    • Step1:Submit your loan application along with required set of documents.
    • Step2:Your application would be accessed on the basis of various eligibility and funding norms.
    • Step3:A property valuation and title check may be carried out by the company representative to determine the property value and legal clearance of the property to arrive at the loan amount.
    • Step4:Based on the internal and regulatory guidelines, PNBHFL may approve or reject the loan application.
    • Step5:Submission of the original property documents are required along with signing of agreements, handing over of registered property papers and submission of post-dated cheques/ECS.
    • Step6:Upon finding all the documents in order, PNBHFL will disburse the loan amount to the developer/contractor based on the progress of construction. The EMI/Pre-EMI will commence after the disbursement.

    You are eligible for a loan if you are a salaried, self- employed professional or a businessman. Your loan eligibility will be determined by PNBHFL on the basis of factors such as income, age, qualifications, number of dependants, co-applicant’s income, assets, liabilities, stability and continuity of occupation and savings history. Further, the loan eligibility will also be dependent on the value of property selected by you.

  • What percentage of property value can be funded?

    We can fund upto 80% of the property value in case of Home Loan and upto 60% in case of Loan Against Property. However, PNBHFL funding norms may change from time to time.

  • I purchased a property 3 months back; can i get a Home Loan?

    Yes, you can avail re-finance at applicable Home Loan rate within 6 months from the date of property purchase.

    Your loan is repaid through Equated Monthly Installments, which include principal and interest component. EMI repayment starts from the subsequent month of full loan disbursement, while Pre-EMI is the simple interest, payable every month till the time loan is fully disbursed.

  • What are the documents required for applying for a Loan?

    • Salaried:
      • Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
      • Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
      • Latest three month salary slip
      • Last 6 months Bank Statements(salary account)
      • Form 16 for last 2 years
    • Self Employed Businessmen/Self Employed Professionals:
      • Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
      • Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
      • Certificate & Proof of business existence along with Business Profile
      • Last 12 months Bank Account Statements (self & business)
      • Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant
  • How does floating rate change during the loan tenure?

    Floating rate is linked with our reference rate PNBHFR and may change from time to time as per the market conditions.

  • In case of change of floating rate of interest, will my EMI change or tenure?

    Keeping the borrower’s interest in consideration, EMI is kept unchanged till a point. In exceptional situations, the EMI is changed to support the principal repayment within a time frame.

    The prime security for the loan is by way of deposit of title deeds and/or such other collateral security as may be necessary. The title of the property should be clear, marketable and free from any encumbrances.

  • Can I prepay my Home Loan? Are there any charges applicable?

    Yes, you can prepay your Home Loan any time during the loan tenure. Currently it is free from any charges; however prepayment norms may change from time to time.

  • Can I get additional loan through my existing loan account?

    Yes you can get additional loan through the existing loan account based upon your repayment capacity and title/value of the property. You may contact any of our branches or place a request on our website for any such requirement.

  • How do I get my loan statement and income tax certificate?

    You need to contact your nearest PNBHFL branch to get the required documents; we also send income tax statement to all our customers at the end of every financial year.

    Kindly submit the Post Dated Cheques to your nearest PNBHFL branch before the EMI due date to avoid any late payment charges.

    Property insurance is mandatory in order to protect your property against uncertainties like earthquake, fire or any damage and destruction due to natural and man-made calamities, during the tenure of the loan.

  • What does 10 years fixed rate of interest mean?

    PNBHFL offers a pure fixed rate of interest from the day of first disbursement for the period of 10 years (120 months); thereafter residual loan amount automatically moves to a floating rate of interest which prevails at that time.

  • Can I convert my existing loan from Fixed rate of interest to floating rate of interest to or Vice Versa?

    You will have an option to convert an existing loan under Fixed Rate of Interest scheme to Floating Rate of Interest scheme or vice versa by paying applicable switch fee, please refer to the schedule of charges under “fair practice code” section.

  • Can I prepay my Home Loan? Are there any charges applicable?

    Yes, you can prepay your Home Loan without any charges any time during the loan tenure if the same is under floating rate scheme. For home loan under other schemes, prepayment charges may be applicable, please refer to the schedule of charges under “fair practice code” section.


  • Q – A: Can I Get a Business Credit Card Even if


    #

    Many of the credit card offers that appear on this site are from companies from which NerdWallet receives compensation.

    The results of our “card comparison and finder tool”, card assessments, and reviews are based on objective quantitative and qualitative analysis of card attributes. They are not affected by compensation.

    Compensation may impact which cards we review and write about and how and where products appear on this site (including, for example, the order in which they appear).

    While we try to feature as many credit cards offers on our site as we can maintain (1,200+ and counting!), we recognize that our site does not feature every card company or card available on the market.

    Additionally, our star ratings are a mix of user feedback and NerdWallet’s independent evaluation which are independent of compensation.

    For a list of all of our advertising partners, click here

    Q A: Can I Get a Business Credit Card Even if I Don t Have a Business?

    With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we spend literally 1,000s of hours researching partner offers and following strict editorial integrity to match you with the perfect choice. We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.

    I found an offer for a business credit card that I want to get, but I don t know if I can apply. NerdWallet, any thoughts?

    Business credit cards can offer amazing perks killer signup bonuses, high rewards rates, access to airport lounges, you name it. They re meant for business expenses and are useful for keeping your personal and corporate purchases separate. But what actually qualifies as a business? Do you need an employer identification number, a license, or a revenue stream? What do the card issuers think is a business, anyway?

    You might be in a business already

    When it comes to credit cards, the term business can be used quite broadly. For example, sole proprietorships and LLC s even sellers on eBay or Etsy can qualify for a business credit card. You don t always have to provide proof of a revenue stream; instead, you can use your own established credit history. Obviously, your credit line might not be as high as if you could prove that your business had a steady income, but you can still qualify for the card and take advantage of the signup bonuses that come with it.

    Contrary to popular belief, you don t always need an EIN (also known as a federal tax ID) to apply for a small business card. If you re a sole proprietorship, you can put down your Social Security number as verification. Here are a few ways you might be in business already:

    • Buying and selling Etsy jewelry
    • Offloading your used junk on Amazon
    • Writing an e-book you plan to sell
    • Freelancing and taking odd jobs that you need business cards for

    If you don t fit any of these criteria right now, well, you might be planning to start one soon. Congratulations, you re about to start your own business!

    Words of caution

    There are a few things you need to keep in mind when you apply for a business credit card:

    • Your credit history can be impacted. Since your name and SSN are on the card application, the credit pull and new account might show up on your credit history. However, different card issuers report business cards differently we break down the details here .
    • You are liable for the debt. Again, if your name is on the application, you re on the hook for paying the bills. When you personally guarantee the debt, you agree that you not your business will ensure your bills are paid.
    • Don t lie. If you make inaccurate statements about your business income or otherwise put forth false information, it s bad news bears. American Express in particular is known for auditing businesses.

    Ready to get a good business credit card? You can find our breakdown of the top small business cards here .

    You may also like


    How to Apply for a Minority Business Grant (with Pictures) #business #forum

    #minority business grants

    #

    How to Apply for a Minority Business Grant

    Minority-owned business grants are meant to help small businesses that are owned by members of minority populations who are considered to be socially or economically disadvantaged. These grants can be used to expand businesses or help a business develop new technologies or training practices. In order to qualify for a minority-owned business grant, your business must be at least 51% owned and operated by individuals from a minority population and must meet any specific eligibility criteria set forth by a grant.

    Steps Edit

    Part One of Three:
    Becoming Certified as a Minority-Owned Business Edit

    Meet the criteria for Minority Business Enterprise Certification (MBE). In order to qualify for many minority-owned business grants, you must first demonstrate that you meet the criteria for and MBE. One way to ensure that you qualify is to be certified as an MBE by the National Minority Supplier Development Council (NMSDC). [1] Certification significantly helps MBEs gain access to government contracts and grants. [2] In order to be certified, you must meet the following criteria:

    • You must be a U.S. citizen.
    • Your business must be at least 51% minority-owned operated and controlled. The NMSDC considers a person to be a member of a minority group if they are at least 25% Asian, Black, Hispanic or Native American. For publicly owned companies, at least 51% of the stock must be owned by one of more minority group members.
    • Your business must be for profit and located in the U.S. or one of its territories.
    • The management and daily operations of your business must run by the minority ownership member. [3]

    Can you please put wikiHow on the whitelist for your ad blocker? wikiHow relies on ad money to give you our free how-to guides. Learn how .

    Collect business documents. Depending on the type of business entity, you may need to provide business documentation including, but not limited to:

    • Partnership agreements.
    • Cancelled checks from the business.
    • Business Meeting Minutes.
    • Articles of Incorporation.
    • Bylaws.
    • Corporate Banking Agreements.
    • Business lease information.
    • Proof of citizenship.
    • Proof of business insurance. [4]

    Complete an online application. In order to become certified as an MBE by NMSDC, you must complete an online application located at http://www.nmsdc.org/mbes/mbe-certification/ The certification application may require the following information:

    • Name and contact information for the business.
    • Description of business’ products and/or services.
    • List of owners and shareholders.
    • Description of the type of business and business history.
    • Information about employees, including the number of minority employees.
    • Business owner information, including race/ethnic origin, gender, citizenship, and their role in the business.
    • Financial information about the business.
    • List of customer references. [5]

    Pay your certification fee. In order to become a certified or recertified MBE, you must pay a certification fee that is linked to the region in which you live. The certification fees range from $350-$1200. In order to find the appropriate region for your business visit NMSDC’s website at http://www.nmsdc.org/mbe-certification/. The certification process can take up to 90 days.





    How do you Apply for College Scholarships? #how #do #you #apply #for


    #

    How do you Apply for College Scholarships?

    Posted by admin on Friday, October 9, 2015 Leave a Comment

    Introduction

    The cost of college has been increasing rapidly for many years. There are millions of students graduating with thousands of dollars in student loan debt that will take years to pay off. As the costs of college rise, many people are wondering how they will continue to pay for their education. One of the best ways to get help paying for college is through scholarships. Scholarships are generally awarded for academic merit. However, there are certain ways that scholarships can be applied for that will increase the chance of earning the award. Here are several tips and strategies that can be used in order to get the most out of applying for college scholarships.

    Government Based

    There are many government based scholarships that are handed out every year for a variety of reasons. One example of this is in the world of teaching. There is a shortage of teachers in many areas, and the government wants to insure that enough people are going in to the profession. There are many scholarships that students can apply for based on the field that they are going in to. Usually students will have to write a paper of some sort detailing why they are interested in the subject. Although there are a lot of applicants, this is a great value added time for students to take on. Some states have a lottery program that goes directly to the education of the children. Generally there is a minimum grade point average that has to be met in order to qualify for these awards.

    School Based

    The most common way to earn a scholarship is through the school that a person decides to attend. Many schools offer scholarships that can cover some or all of the tuition costs. There is generally a test score and grade point average requirement in order to qualify for these scholarships. One of the best things that a student can do while in school is to work on getting their standardized test scores up. There is a huge difference in scoring a 25 versus a 30 on the ACT when it comes to scholarships. Many school based scholarships are also awarded based on extra activities that a student had while in school. It is always a good idea to take on some extra school activities before going to college.

    Group Based

    Another great way to apply for college scholarships is through various community groups that you may be a part of. There are many organizations that want to help out students with the cost of college. If you are a member of something like the Boy or Girl Scouts, be sure to at least apply for their many scholarship options.

    Online Applications

    Most of the applications that a person fills out for scholarships are going to be online based. With that being said, it is important that all of the information is filled our accurately and on time. Many government scholarships have strict deadlines on when they must be applied for. These deadlines are often many months from the high school graduation date, so it is important to get all of this taken care of ahead of time.

    Conclusion

    Scholarships are one of the best ways to get college paid for because they do not have to be paid back after graduation. There are many different ways to apply for these awards. Always be sure to check the various options at the state level in which you live. One of the biggest factors in choosing a school to attend should be the amount of scholarship money you can have awarded to you.


    How to Apply for Your First Business Loan #business #name #ideas

    #apply for a business loan

    #

    How to Apply for Your First Business Loan

    Continue Reading Below

    Unless you plan to fund this enterprise solely with savings—not recommended unless you are fabulously wealthy—you’ll need a business loan. As any lender can tell you, the better prepared you are before making your request for business credit. the greater the likelihood of getting approved.

    Part of this preparation is understanding what bankers will need to approve you. Banks make a major portion of their profits from loans. They’re not in the business of saying no; they just say it when your application doesn’t meet lending requirements, which are much stricter now than before the financial crisis. But be aware that start-ups are almost always considered risky bets, and many lenders are reluctant to finance them. Also know that many larger banks won’t even consider small loans, which are less profitable than larger loans but require the same amount of time to analyze and administer.

    Don’t let these discourage you. Get organized. How small is small? According to the Small Business Administration (SBA), the median small business loan from a financial institution is roughly $135,000, with highest around $250,000. SBA loans, which are not underwritten by the US Government but by SBA partners (lenders, community development organizations and microlending institutions), range from $5,000 (a microloan) to $5 million, with the average around $371,000.

    Do Your Homework So what exactly are lenders looking for? Basically, they’re searching for clues that your business will be able to repay the loan, plus interest, with metronomic regularity. Most financial institutions will expect the loan to be fully secured. either with business assets or personal collateral. Having some skin in the game, meaning you have your own equity invested in the business, strongly works in your favor.

    Lenders also will be looking at opportunities to profit from your success, so as your business grows, so will your business relationship. The buzzword in banking circles these days is cross-selling, so your business loan provider may also seek to be the issuer of your business’s credit cards and holder of your treasury accounts. Lenders will also be looking at you—your personal finance record, your credit score. your assets, your work experience, and your character. If you’re starting a business for the first time, having partners with the experience and track record that you lack may also be a requirement.

    Continue Reading Below

    The Questions You Need to Answer Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, on the right side of the chart. Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, for each of the categories listed below.

    Purpose: What will the funds be used for? (Note that banks won’t lend for speculating, passive investments, pyramid sales or gambling.)

    Amount: How much money do you want to borrow? Why that particular amount? Term and

    Repayment Plan: For how long will you need the money and what is your specific plan for repayment?

    Collateral: What assets, business or personal, do you intend to use as collateral? What is their market value? What portion of their value can you use as collateral?

    Asset and Liability Statement: Your current, complete business asset and liability financial statements (your balance sheet).

    Current Income and Financial Performance Statement: Your current, complete business statement of income and expenses (your profit and loss statement, or P L).

    Business Plan Details: Your written plan for your business including goals and action steps, timetable, resource allocation, funding required, and related financial data. You may be asked for cash flow projections for at least a year.

    Historic Financial Performance Information: Past business financial performance information under your ownership or under the previous owner’s ownership.

    Other Information As Required: Information about you (your C.V. your loan Guarantor—someone who will pledge his/her assets and financials to guarantee repayment of the loan should you default. Guarantors can be a legitimate tipping point factor in getting a “yes” to the credit request.

    If You’re Turned Down What do you do if you get a no? Don’t give up. Pursue the reasons for the rejection. Was it a procedural thing—a missing piece of information on the application—or something else? Then ask what would it take to get a yes.

    You can then either alter your request accordingly and resubmit it, or take it elsewhere. If you keep hitting a brick wall, consider alternative sources of funding. Many entrepreneurs seek out financing from family and friends. Some use their available credit from credit cards or home equity lines of credit to finance their businesses.

    If your no comes from a commercial bank, consider community banks and credit unions, many of which specialize in small business loans. You may also want to look into alternative sources of business credit, like Kabbage.com, which offers cash advances of between $500 and $50,000 to businesses that already have a performance record, such as online sales. If you do decide to go online to fund your business, be sure you understand all of the terms and conditions of the financing, as they can differ from conventional small business loans.





    When to Apply for Medicare – eHealth Medicare #how #to #apply #for


    #

    When to Apply for Medicare

    Knowing when to apply for Medicare can be a confusing topic for many beneficiaries. Here are some frequently asked questions and answers about when and if to apply for the different types of Medicare.

    Who needs to apply for Medicare?

    You may not need to sign up for Original Medicare, Part A and Part B, but you may have options about the type of Medicare coverage you receive.

    To be eligible for Medicare, you must be either a U.S. citizen or a legal permanent resident of at least five continuous years. Generally, if you’re receiving Social Security or Railroad Retirement Board (RRB) benefits, you’ll be automatically enrolled in Medicare when you turn 65. If you’re under 65 and have been receiving disability benefits from Social Security or the RRB for two years, or if you have ALS (amyotrophic lateral sclerosis, also called Lou Gehrig’s disease), you also qualify for automatic enrollment.

    If you don’t qualify for automatic enrollment in Medicare, you need to apply when you become eligible. For details about whether you need to apply for Medicare, see Do I Need to Apply for Medicare?

    Initial Enrollment Period (IEP)

    Before you qualify for Medicare, you might want to research the type of Medicare coverage you’d like to have. That’s because a good time to do add to, or change, your Medicare coverage may be during the Initial Enrollment Period (IEP), described below.

    The IEP for Original Medicare, Part A and Part B, is the time window during which you first become eligible for this coverage. It’s also a time when you can add or change Medicare plan options.

    If you qualify for Medicare because:

    You’re turning 65, your IEP is a seven-month period. It starts three months before the month of your birthday, includes the month you turn 65, and ends three months after your birthday month. If your birthday is in March, your IEP starts December 1st and goes until the end of June.

    You’ve been collecting disability benefits from Social Security or the RRB for 24 straight months, your IEP is also a seven-month period. It starts three months before your 25th month of disability benefits, and continues until the end of your 28th month of receiving disability benefits.

    You’ve started collecting disability benefits from Social Security or the RRB because you have ALS (Lou Gehrig’s disease), your Medicare coverage starts the same month that your disability benefits begin.

    You have end-stage renal disease (ESRD) and you’re collecting disability benefits from Social Security or the RRB, or you qualify for those benefits (possibly through a family member or spouse) — your IEP starts as soon as you’re eligible for Medicare, and lasts for three months.

    If you sign up for Medicare prescription drug coverage (whether through a stand-alone Medicare Part D Prescription Drug Plan or a Medicare Advantage Prescription Drug plan), you can avoid late-enrollment penalties by enrolling in this coverage as soon as you’re eligible for Medicare. If you decide to stay with Original Medicare and add a Medicare Supplement (Medigap) plan, the Medigap plan must accept you if you sign up for Medigap during the 6-month period that begins as soon as you are 65 or older and enrolled in Part B. If you don’t buy a Medigap plan at this time, but decide to get one later, the plan may not have to accept you.

    General Enrollment Period

    Original Medicare’s General Enrollment Period (GEP) is from January 1st to March 31st every year. You can sign up for Medicare Part A or Medicare Part B during this time if you weren’t automatically enrolled.

    Late-enrollment fees

    If you don’t qualify for premium-free Medicare Part A. you could pay a penalty for late enrollment if you sign up during the GEP instead of during your IEP. Generally, Part A coverage is premium-free if you have worked for at least 10 years (40 quarters) while paying Medicare taxes.

    If you sign up for Medicare Part B during the GEP instead of during your IEP, you could have to pay a late-enrollment penalty. The penalty is usually 10% of your Part B premium for each 12-month period during which you qualified for Part B but didn’t sign up for it.

    If you qualify for a Special Enrollment Period (SEP) for Medicare Part A or Part B, you might not have to pay a late-enrollment penalty; see Special Enrollment Periods below.

    Annual Election Period

    The Annual Election Period (AEP) is a time period when you can add, drop, or switch Medicare Advantage (Medicare Part C) plans and Medicare Prescription Drug Plans. It goes from October 15 to December 7 every year.

    If you decide you want Medicare prescription drug coverage, and you sign up during the AEP instead of during your IEP, you may have to pay a Medicare Part D late-enrollment penalty.

    Medicare Supplement Open Enrollment Period

    If you want to add a Medicare Supplement (Medigap) plan to your Original Medicare (Part A and Part B) coverage, your six-month Open Enrollment Period starts the month that you turn 65 and are enrolled in Medicare Part B. If you miss this window, your acceptance into a Medigap plan may not be guaranteed.

    Special Enrollment or Election Periods (SEPs)

    Some special circumstances might qualify you to sign up for Medicare during a Special Election Period (SEP).

    For Original Medicare, Part A and Part B, some examples of these situations include, but aren’t limited to:

    You’re covered through an employer’s or union’s group health plan (yours, your spouse’s, or a family member’s if you are disabled). You can sign up for Original Medicare (Part A and Part B) anytime, as long as you (or your spouse, or family member if you’re disabled) is working.

    Your coverage through an employer’s or union’s group health plan ends. You have eight months to sign up for Medicare, starting the month after the employment ends, or the employment-based health plan insurance ends, whichever happens first.

    Other Medicare plans, such as Medicare Advantage plans and Medicare Prescription Drug Plans, have other specific Special Election Periods. Some examples of these situations for Medicare Advantage and Medicare Prescription Drug Plans include, but aren’t limited to:

    Moving to a new location that’s not in your plan’s service area

    Moving to, living in, or moving out of a facility such as a long-term care hospital or skilled nursing facility

    Losing your coverage — for example, Medicare cancelling your plan’s contract

    At what age should I apply for Medicare?

    If you don’t qualify for automatic enrollment, you need to sign up during your Initial Enrollment Period (IEP). Generally, you can enroll three months before you turn 65. If you have a qualifying disability, you can enroll in Medicare before age 65, as described above. If you have questions about Medicare eligibility or enrollment, contact the Social Security Administration:

    Over the phone, at 1-800-772-1213 (TTY users can call 1-800-325-0778) from 7AM to 7PM Monday-Friday.

    Can I postpone Medicare enrollment without penalty?

    If you continue to work and are covered under an employer’s or union’s health insurance plan (or your spouse’s plan) after you’ve turned 65, you’re generally allowed to delay Medicare enrollment to a time when it’s needed without facing a penalty. If you choose to postpone Medicare enrollment for this reason, however, you must enroll in Medicare as soon as the employer-based insurance coverage ends.

    This website and its contents are for informational purposes only. Nothing on the website should ever be used as a substitute for professional medical advice. You should always consult with your medical provider regarding diagnosis or treatment for a health condition, including decisions about the correct medication for your condition, as well as prior to undertaking any specific exercise or dietary routine.

    The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent/producer or insurance company. Medicare Supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program.

    eHealth Medicare is operated by eHealthInsurance Services, Inc. a licensed health insurance agency certified to sell Medicare products.

    Speak with a licensed insurance agent 1- TTY User: 711 | 2017 eHealthInsurance Services, Inc.


    Apply for college grants online #apply #for #college #grants #online


    #

    Apply

    Welcome! We are delighted you are considering pursuing graduate studies at the University of Illinois.

    Before Beginning the Application Process

    • Check to be sure that you meet minimum requirements .
    • Are you, or have you been, a graduate student at the University of Illinois at Urbana-Champaign?
      • If returning to the Graduate College, please review our re-entry instructions .
      • If you are a current graduate student wishing to change your major degree program, please review our curriculum change and transfer of credit instructions .
    • Do you not intend to pursue a degree?
      • Check the nondegree instructions .
    • Not quite ready to apply and want more information about graduate studies at Illinois? Check out our Interested in Illinois web site!

    Selecting a Program of Study

    Before applying, select your program from the list of Graduate Programs of Study .

    • If your program is in the following list, contact them directly, and follow their specialized application instructions:
      • College of Law (Juris Doctor Program)
      • College of Veterinary Medicine (Doctor of Veterinary Medicine Program)
    • Otherwise, continue with the application process and check with your proposed program of study office for any additional instructions, requirements, and application deadlines.
    • Check for additional instructions for joint degree program applicants and International Exchange Students .

    Application Instructions

    We strongly recommend that you read the application instructions. as well as the additional information for Domestic Applicants or International Applicants prior to beginning the application process.

    We also offer answers to Frequently Asked Questions that may help you with your application and admission process.

    2017 Applications Are Open!

    Remember that not all programs offer admission to all terms. Please check with your proposed program of study office for term availability and deadline information.

    For general information about campus and the Champaign-Urbana community, visit the web at www.grad.illinois.edu/student-life .

    The University of Illinois Urbana-Champaign Annual Security and Fire Safety Report is available. This report includes statistics from the previous three years concerning reported crime that occurred on campus, in certain off-campus buildings or property owned or controlled by the University of Illinois Urbana-Champaign campus and statistics for fires in on-campus student housing. The report also includes institutional policies concerning campus security and other safety information along with fire safety policies and procedures. You may obtain a hard copy of this report by contacting the Division of Public Safety or by accessing the following Web site: http://www.dps.illinois.edu/clery.htm .


    Credit cards from hell – Hooters MasterCard (4) #hooters #credit #card #apply


    #

    If you’re a regular Hooters customer, this card gives you five points for every dollar you spend at the restaurant. But that doesn’t make up for the fact that the APR on the card can hit 25.45%.

    The card, issued by Merrick Bank, also comes with an annual fee of up to $48 for the first year, plus $4 per month after that. Late payment fees, returned payment fees and over-the-limit fees go up to $35.

    That makes this card among the worst in terms of restaurant-branded credit cards, according to John Ulzheimer, personal finance expert at SmartCredit.com.

    “Even if you have excellent credit, it looks like you’ll get a rate of more than 16%,” he said. “You can definitely find a better card than that with excellent credit — and if you’re credit isn’t so good, you’re certainly going to get hit with that 25.4%.”

    A spokeswoman for the card did not respond to repeated requests for comment.

    Last updated September 08 2011: 4:06 PM ET

    Join the Conversation

    Credit cards may soon be as outdated as vinyl records.

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    Personal Loans: Apply Online #apply #online #banks


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    Americas
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    Work out how much your monthly repayment will be or check how much you qualify for now

    Personal Loans

    Need a few upgrades to your lifestyle? Renovations, a holiday experience or buying new electronics perhaps? Choose a fixed or flexible term loan that best suits your needs.

    Find out how much you qualify for on a new or existing loan. You can also use our calculator to see how much your Standard Bank personal loan repayments will be.

    Work out how much your monthly repayment will be or check how much you qualify for now

    Why choose a Standard Bank personal loan

    The term and repayment amount don’t change, helping you to budget more effectively.

    • A personalised interest rate with a maximum of 24% per annum
    • Choose to repay your loan over 12 to 60 months
    • The option of extending or revolving your loan term
    • No early termination fees
    • Increase your rewards tier as a Ucount member
    • Funds are paid straight into your current account

    Compare Cash Back Credit Cards #cash #back #credit #cards, #credit #card, #cash


    #

    Cash Back Credit Cards

    Our up-to-date list of cash back offers makes it easy to find a card that will maximize your savings. And bonuses of $100-$150 for new accounts can add up quickly. Review this list of offers from our partners to find the card that rewards the categories you use most. Or find a one that offers a high rebate on all purchases.

    See offers from our partners below.

    at Capital One s
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    Credit Needed
    Excellent, Good

    • One-time $100 cash bonus after you spend $500 on purchases within 3 months from account opening
    • Earn unlimited 1.5% cash back on every purchase, every day
    • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
    • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn�t expire and there�s no limit to how much you can earn
    • 0% intro APR on purchases for 9 months; 13.74%-23.74% variable APR after that
    • Balance transfers also have a 0% intro APR for 9 months; 13.74%-23.74% variable APR after that; a 3% fee applies to each balance transferred
    • Pay no annual fee or foreign transaction fees
    • See additional Capital One� Quicksilver� Cash Rewards Credit Card details

    at Capital One s
    secure site

    • You could turn $200 into $400 with Cashback Match . Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
    • Earn 5% cash back in rotating categories each quarter like gas stations, Amazon.com, restaurants, wholesale clubs and more, up to the quarterly maximum each time you activate.
    • Plus, 1% cash back on all other purchases.
    • Redeem your cash back for any amount, any time. Cash rewards never expire.
    • 100% U.S. based customer service.
    • Get your FICO Credit Score for free on monthly statements, on mobile and online.
    • No annual fee.
    • See additional Discover it Cashback Match details
    • $100 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
    • No annual fee.
    • 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
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    • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 13.74% to 24.74%.
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    • Terms Apply.
    • See additional Blue Cash Everyday Card from American Express details

    at American Express s
    secure site

    or call American Express at
    877-915-6432

    Credit Needed
    Excellent/Good

    • No annual fee
    • New Offer: $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
    • Earn 1% cash back on every purchase, 2% at grocery stores and wholesale clubs, and 3% on gas up to the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
    • No changing categories and no expiration on rewards
    • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 13.74% – 23.74% Variable APR. 3% fee (min $10) applies to balance transfers
    • Get a 10% customer bonus every time you redeem your cash back into a Bank of America checking or savings account
    • If you’re a Preferred Rewards client, you can increase that bonus to 25% – 75%
    • See additional BankAmericard Cash Rewards Credit Card details

    at Bank of America s
    secure site

    or call Bank of America at
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    • Unlimited 1.5% cash back on every purchase it’s automatic
    • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
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    • Redeem for cash any amount, anytime
    • Cash Back rewards do not expire as long as your account is open
    • No annual fee
    • See additional Chase Freedom Unlimited details

    Apply for a business licence #business #startup #loan

    #business licence

    #

    Get a business licence

    If you want to carry on business in the City of Vancouver, you need a business licence.

    Types of businesses that require licences

    • Commercial and industrial business: A business based within a building located in a commercial or industrial area of the City of Vancouver as defined in the Zoning and Development Bylaw
    • Home-based business: A business based in a dwelling located in a residential area in the City of Vancouver as defined in the Zoning and Development Bylaw
    • Out-of-town business: A business being carried on in the City of Vancouver, but with the business office located outside of Vancouver

    Only the business owner is required to get a business licence. Employees do not need to get individual business licences.

    Types of businesses not allowed in Vancouver

    A person cannot apply for a licence for any business described in Schedule A of the Business Prohibition Bylaw.

    How to apply

    You can apply for a business licence:

    Additional requirements

    Include a copy of the business owner’s current, government-issued photo ID with your business licence application.

    Is a representative applying for the licence?

    They must also submit a copy of:

    1. Their own current, government-issued photo ID
    2. A letter of authorization from the business owner

    Is your business limited or incorporated?

    You must also submit a copy of:

    1. The provincial or extra-provincial certificate of incorporation issued by the BC Corporate Registry
    2. The company’s list of directors

    A federal certificate of incorporation issued by Industry Canada won’t be accepted.

    Do you need other approvals before you get your business licence?

    You might require other approvals before your business licence is approved:

    Zoning approval

    Depending on the zoning of your proposed business location, your business may or may not be permitted. Or your business may only be permitted after a Development Permit is obtained.

    Building approval

    Staff at the Occupancy or File Research Counter will review the property. A Building Permit or a Special Inspection may be required.

    Licence approvals

    Before your business licence is issued, you may require other approvals from the Police, Fire, or Health Departments.

    • Environmental Health. Any food-related businesses must have an inspection completed and approved by Vancouver Coastal Health.
    • Fire. Some business licence categories will require certificates from the Vancouver Fire Department.
    • Police. If police approval is required, you will need to go directly to the Vancouver Police Department (VPD) located at 2120 Cambie Street to apply for a Police Information Check (PIC). For more information on the VPD’s location, hours of operation, fees, how to apply and how long it will take, please visit the VPD’s website. For more information on business licence applications that may need police approval, please contact the Development and Building Services Centre.
    • Province of BC. Some business licence categories will require certificates from the Province of BC.

    Engineering approval

    Businesses must have waste disposal set up for garbage, recycling, and green waste.

    Timeline

    If all requirements and approval have been met, this is when you can expect to have your business licence issued:





    Apply for a business licence #business #courses

    #business licence

    #

    Get a business licence

    If you want to carry on business in the City of Vancouver, you need a business licence.

    Types of businesses that require licences

    • Commercial and industrial business: A business based within a building located in a commercial or industrial area of the City of Vancouver as defined in the Zoning and Development Bylaw
    • Home-based business: A business based in a dwelling located in a residential area in the City of Vancouver as defined in the Zoning and Development Bylaw
    • Out-of-town business: A business being carried on in the City of Vancouver, but with the business office located outside of Vancouver

    Only the business owner is required to get a business licence. Employees do not need to get individual business licences.

    Types of businesses not allowed in Vancouver

    A person cannot apply for a licence for any business described in Schedule A of the Business Prohibition Bylaw.

    How to apply

    You can apply for a business licence:

    Additional requirements

    Include a copy of the business owner’s current, government-issued photo ID with your business licence application.

    Is a representative applying for the licence?

    They must also submit a copy of:

    1. Their own current, government-issued photo ID
    2. A letter of authorization from the business owner

    Is your business limited or incorporated?

    You must also submit a copy of:

    1. The provincial or extra-provincial certificate of incorporation issued by the BC Corporate Registry
    2. The company’s list of directors

    A federal certificate of incorporation issued by Industry Canada won’t be accepted.

    Do you need other approvals before you get your business licence?

    You might require other approvals before your business licence is approved:

    Zoning approval

    Depending on the zoning of your proposed business location, your business may or may not be permitted. Or your business may only be permitted after a Development Permit is obtained.

    Building approval

    Staff at the Occupancy or File Research Counter will review the property. A Building Permit or a Special Inspection may be required.

    Licence approvals

    Before your business licence is issued, you may require other approvals from the Police, Fire, or Health Departments.

    • Environmental Health. Any food-related businesses must have an inspection completed and approved by Vancouver Coastal Health.
    • Fire. Some business licence categories will require certificates from the Vancouver Fire Department.
    • Police. If police approval is required, you will need to go directly to the Vancouver Police Department (VPD) located at 2120 Cambie Street to apply for a Police Information Check (PIC). For more information on the VPD’s location, hours of operation, fees, how to apply and how long it will take, please visit the VPD’s website. For more information on business licence applications that may need police approval, please contact the Development and Building Services Centre.
    • Province of BC. Some business licence categories will require certificates from the Province of BC.

    Engineering approval

    Businesses must have waste disposal set up for garbage, recycling, and green waste.

    Timeline

    If all requirements and approval have been met, this is when you can expect to have your business licence issued:





    How to Apply for a Minority Business Grant (with Pictures) #best #small

    #minority business grants

    #

    How to Apply for a Minority Business Grant

    Minority-owned business grants are meant to help small businesses that are owned by members of minority populations who are considered to be socially or economically disadvantaged. These grants can be used to expand businesses or help a business develop new technologies or training practices. In order to qualify for a minority-owned business grant, your business must be at least 51% owned and operated by individuals from a minority population and must meet any specific eligibility criteria set forth by a grant.

    Steps Edit

    Part One of Three:
    Becoming Certified as a Minority-Owned Business Edit

    Meet the criteria for Minority Business Enterprise Certification (MBE). In order to qualify for many minority-owned business grants, you must first demonstrate that you meet the criteria for and MBE. One way to ensure that you qualify is to be certified as an MBE by the National Minority Supplier Development Council (NMSDC). [1] Certification significantly helps MBEs gain access to government contracts and grants. [2] In order to be certified, you must meet the following criteria:

    • You must be a U.S. citizen.
    • Your business must be at least 51% minority-owned operated and controlled. The NMSDC considers a person to be a member of a minority group if they are at least 25% Asian, Black, Hispanic or Native American. For publicly owned companies, at least 51% of the stock must be owned by one of more minority group members.
    • Your business must be for profit and located in the U.S. or one of its territories.
    • The management and daily operations of your business must run by the minority ownership member. [3]

    Can you please put wikiHow on the whitelist for your ad blocker? wikiHow relies on ad money to give you our free how-to guides. Learn how .

    Collect business documents. Depending on the type of business entity, you may need to provide business documentation including, but not limited to:

    • Partnership agreements.
    • Cancelled checks from the business.
    • Business Meeting Minutes.
    • Articles of Incorporation.
    • Bylaws.
    • Corporate Banking Agreements.
    • Business lease information.
    • Proof of citizenship.
    • Proof of business insurance. [4]

    Complete an online application. In order to become certified as an MBE by NMSDC, you must complete an online application located at http://www.nmsdc.org/mbes/mbe-certification/ The certification application may require the following information:

    • Name and contact information for the business.
    • Description of business’ products and/or services.
    • List of owners and shareholders.
    • Description of the type of business and business history.
    • Information about employees, including the number of minority employees.
    • Business owner information, including race/ethnic origin, gender, citizenship, and their role in the business.
    • Financial information about the business.
    • List of customer references. [5]

    Pay your certification fee. In order to become a certified or recertified MBE, you must pay a certification fee that is linked to the region in which you live. The certification fees range from $350-$1200. In order to find the appropriate region for your business visit NMSDC’s website at http://www.nmsdc.org/mbe-certification/. The certification process can take up to 90 days.





    How to Apply for a Minority Business Grant (with Pictures) #small #business

    #minority business grants

    #

    How to Apply for a Minority Business Grant

    Minority-owned business grants are meant to help small businesses that are owned by members of minority populations who are considered to be socially or economically disadvantaged. These grants can be used to expand businesses or help a business develop new technologies or training practices. In order to qualify for a minority-owned business grant, your business must be at least 51% owned and operated by individuals from a minority population and must meet any specific eligibility criteria set forth by a grant.

    Steps Edit

    Part One of Three:
    Becoming Certified as a Minority-Owned Business Edit

    Meet the criteria for Minority Business Enterprise Certification (MBE). In order to qualify for many minority-owned business grants, you must first demonstrate that you meet the criteria for and MBE. One way to ensure that you qualify is to be certified as an MBE by the National Minority Supplier Development Council (NMSDC). [1] Certification significantly helps MBEs gain access to government contracts and grants. [2] In order to be certified, you must meet the following criteria:

    • You must be a U.S. citizen.
    • Your business must be at least 51% minority-owned operated and controlled. The NMSDC considers a person to be a member of a minority group if they are at least 25% Asian, Black, Hispanic or Native American. For publicly owned companies, at least 51% of the stock must be owned by one of more minority group members.
    • Your business must be for profit and located in the U.S. or one of its territories.
    • The management and daily operations of your business must run by the minority ownership member. [3]

    Can you please put wikiHow on the whitelist for your ad blocker? wikiHow relies on ad money to give you our free how-to guides. Learn how .

    Collect business documents. Depending on the type of business entity, you may need to provide business documentation including, but not limited to:

    • Partnership agreements.
    • Cancelled checks from the business.
    • Business Meeting Minutes.
    • Articles of Incorporation.
    • Bylaws.
    • Corporate Banking Agreements.
    • Business lease information.
    • Proof of citizenship.
    • Proof of business insurance. [4]

    Complete an online application. In order to become certified as an MBE by NMSDC, you must complete an online application located at http://www.nmsdc.org/mbes/mbe-certification/ The certification application may require the following information:

    • Name and contact information for the business.
    • Description of business’ products and/or services.
    • List of owners and shareholders.
    • Description of the type of business and business history.
    • Information about employees, including the number of minority employees.
    • Business owner information, including race/ethnic origin, gender, citizenship, and their role in the business.
    • Financial information about the business.
    • List of customer references. [5]

    Pay your certification fee. In order to become a certified or recertified MBE, you must pay a certification fee that is linked to the region in which you live. The certification fees range from $350-$1200. In order to find the appropriate region for your business visit NMSDC’s website at http://www.nmsdc.org/mbe-certification/. The certification process can take up to 90 days.





    How to Apply for Your First Business Loan #printable #business #cards

    #apply for a business loan

    #

    How to Apply for Your First Business Loan

    Continue Reading Below

    Unless you plan to fund this enterprise solely with savings—not recommended unless you are fabulously wealthy—you’ll need a business loan. As any lender can tell you, the better prepared you are before making your request for business credit. the greater the likelihood of getting approved.

    Part of this preparation is understanding what bankers will need to approve you. Banks make a major portion of their profits from loans. They’re not in the business of saying no; they just say it when your application doesn’t meet lending requirements, which are much stricter now than before the financial crisis. But be aware that start-ups are almost always considered risky bets, and many lenders are reluctant to finance them. Also know that many larger banks won’t even consider small loans, which are less profitable than larger loans but require the same amount of time to analyze and administer.

    Don’t let these discourage you. Get organized. How small is small? According to the Small Business Administration (SBA), the median small business loan from a financial institution is roughly $135,000, with highest around $250,000. SBA loans, which are not underwritten by the US Government but by SBA partners (lenders, community development organizations and microlending institutions), range from $5,000 (a microloan) to $5 million, with the average around $371,000.

    Do Your Homework So what exactly are lenders looking for? Basically, they’re searching for clues that your business will be able to repay the loan, plus interest, with metronomic regularity. Most financial institutions will expect the loan to be fully secured. either with business assets or personal collateral. Having some skin in the game, meaning you have your own equity invested in the business, strongly works in your favor.

    Lenders also will be looking at opportunities to profit from your success, so as your business grows, so will your business relationship. The buzzword in banking circles these days is cross-selling, so your business loan provider may also seek to be the issuer of your business’s credit cards and holder of your treasury accounts. Lenders will also be looking at you—your personal finance record, your credit score. your assets, your work experience, and your character. If you’re starting a business for the first time, having partners with the experience and track record that you lack may also be a requirement.

    Continue Reading Below

    The Questions You Need to Answer Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, on the right side of the chart. Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, for each of the categories listed below.

    Purpose: What will the funds be used for? (Note that banks won’t lend for speculating, passive investments, pyramid sales or gambling.)

    Amount: How much money do you want to borrow? Why that particular amount? Term and

    Repayment Plan: For how long will you need the money and what is your specific plan for repayment?

    Collateral: What assets, business or personal, do you intend to use as collateral? What is their market value? What portion of their value can you use as collateral?

    Asset and Liability Statement: Your current, complete business asset and liability financial statements (your balance sheet).

    Current Income and Financial Performance Statement: Your current, complete business statement of income and expenses (your profit and loss statement, or P L).

    Business Plan Details: Your written plan for your business including goals and action steps, timetable, resource allocation, funding required, and related financial data. You may be asked for cash flow projections for at least a year.

    Historic Financial Performance Information: Past business financial performance information under your ownership or under the previous owner’s ownership.

    Other Information As Required: Information about you (your C.V. your loan Guarantor—someone who will pledge his/her assets and financials to guarantee repayment of the loan should you default. Guarantors can be a legitimate tipping point factor in getting a “yes” to the credit request.

    If You’re Turned Down What do you do if you get a no? Don’t give up. Pursue the reasons for the rejection. Was it a procedural thing—a missing piece of information on the application—or something else? Then ask what would it take to get a yes.

    You can then either alter your request accordingly and resubmit it, or take it elsewhere. If you keep hitting a brick wall, consider alternative sources of funding. Many entrepreneurs seek out financing from family and friends. Some use their available credit from credit cards or home equity lines of credit to finance their businesses.

    If your no comes from a commercial bank, consider community banks and credit unions, many of which specialize in small business loans. You may also want to look into alternative sources of business credit, like Kabbage.com, which offers cash advances of between $500 and $50,000 to businesses that already have a performance record, such as online sales. If you do decide to go online to fund your business, be sure you understand all of the terms and conditions of the financing, as they can differ from conventional small business loans.





    How to Apply for a Minority Business Grant (with Pictures) #business #for

    #minority business grants

    #

    How to Apply for a Minority Business Grant

    Minority-owned business grants are meant to help small businesses that are owned by members of minority populations who are considered to be socially or economically disadvantaged. These grants can be used to expand businesses or help a business develop new technologies or training practices. In order to qualify for a minority-owned business grant, your business must be at least 51% owned and operated by individuals from a minority population and must meet any specific eligibility criteria set forth by a grant.

    Steps Edit

    Part One of Three:
    Becoming Certified as a Minority-Owned Business Edit

    Meet the criteria for Minority Business Enterprise Certification (MBE). In order to qualify for many minority-owned business grants, you must first demonstrate that you meet the criteria for and MBE. One way to ensure that you qualify is to be certified as an MBE by the National Minority Supplier Development Council (NMSDC). [1] Certification significantly helps MBEs gain access to government contracts and grants. [2] In order to be certified, you must meet the following criteria:

    • You must be a U.S. citizen.
    • Your business must be at least 51% minority-owned operated and controlled. The NMSDC considers a person to be a member of a minority group if they are at least 25% Asian, Black, Hispanic or Native American. For publicly owned companies, at least 51% of the stock must be owned by one of more minority group members.
    • Your business must be for profit and located in the U.S. or one of its territories.
    • The management and daily operations of your business must run by the minority ownership member. [3]

    Can you please put wikiHow on the whitelist for your ad blocker? wikiHow relies on ad money to give you our free how-to guides. Learn how .

    Collect business documents. Depending on the type of business entity, you may need to provide business documentation including, but not limited to:

    • Partnership agreements.
    • Cancelled checks from the business.
    • Business Meeting Minutes.
    • Articles of Incorporation.
    • Bylaws.
    • Corporate Banking Agreements.
    • Business lease information.
    • Proof of citizenship.
    • Proof of business insurance. [4]

    Complete an online application. In order to become certified as an MBE by NMSDC, you must complete an online application located at http://www.nmsdc.org/mbes/mbe-certification/ The certification application may require the following information:

    • Name and contact information for the business.
    • Description of business’ products and/or services.
    • List of owners and shareholders.
    • Description of the type of business and business history.
    • Information about employees, including the number of minority employees.
    • Business owner information, including race/ethnic origin, gender, citizenship, and their role in the business.
    • Financial information about the business.
    • List of customer references. [5]

    Pay your certification fee. In order to become a certified or recertified MBE, you must pay a certification fee that is linked to the region in which you live. The certification fees range from $350-$1200. In order to find the appropriate region for your business visit NMSDC’s website at http://www.nmsdc.org/mbe-certification/. The certification process can take up to 90 days.





    How to Apply for a Minority Business Grant (with Pictures) #free #business

    #minority business grants

    #

    How to Apply for a Minority Business Grant

    Minority-owned business grants are meant to help small businesses that are owned by members of minority populations who are considered to be socially or economically disadvantaged. These grants can be used to expand businesses or help a business develop new technologies or training practices. In order to qualify for a minority-owned business grant, your business must be at least 51% owned and operated by individuals from a minority population and must meet any specific eligibility criteria set forth by a grant.

    Steps Edit

    Part One of Three:
    Becoming Certified as a Minority-Owned Business Edit

    Meet the criteria for Minority Business Enterprise Certification (MBE). In order to qualify for many minority-owned business grants, you must first demonstrate that you meet the criteria for and MBE. One way to ensure that you qualify is to be certified as an MBE by the National Minority Supplier Development Council (NMSDC). [1] Certification significantly helps MBEs gain access to government contracts and grants. [2] In order to be certified, you must meet the following criteria:

    • You must be a U.S. citizen.
    • Your business must be at least 51% minority-owned operated and controlled. The NMSDC considers a person to be a member of a minority group if they are at least 25% Asian, Black, Hispanic or Native American. For publicly owned companies, at least 51% of the stock must be owned by one of more minority group members.
    • Your business must be for profit and located in the U.S. or one of its territories.
    • The management and daily operations of your business must run by the minority ownership member. [3]

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    Collect business documents. Depending on the type of business entity, you may need to provide business documentation including, but not limited to:

    • Partnership agreements.
    • Cancelled checks from the business.
    • Business Meeting Minutes.
    • Articles of Incorporation.
    • Bylaws.
    • Corporate Banking Agreements.
    • Business lease information.
    • Proof of citizenship.
    • Proof of business insurance. [4]

    Complete an online application. In order to become certified as an MBE by NMSDC, you must complete an online application located at http://www.nmsdc.org/mbes/mbe-certification/ The certification application may require the following information:

    • Name and contact information for the business.
    • Description of business’ products and/or services.
    • List of owners and shareholders.
    • Description of the type of business and business history.
    • Information about employees, including the number of minority employees.
    • Business owner information, including race/ethnic origin, gender, citizenship, and their role in the business.
    • Financial information about the business.
    • List of customer references. [5]

    Pay your certification fee. In order to become a certified or recertified MBE, you must pay a certification fee that is linked to the region in which you live. The certification fees range from $350-$1200. In order to find the appropriate region for your business visit NMSDC’s website at http://www.nmsdc.org/mbe-certification/. The certification process can take up to 90 days.





    How to Apply for a Minority Business Grant (with Pictures) #international #business

    #minority business grants

    #

    How to Apply for a Minority Business Grant

    Minority-owned business grants are meant to help small businesses that are owned by members of minority populations who are considered to be socially or economically disadvantaged. These grants can be used to expand businesses or help a business develop new technologies or training practices. In order to qualify for a minority-owned business grant, your business must be at least 51% owned and operated by individuals from a minority population and must meet any specific eligibility criteria set forth by a grant.

    Steps Edit

    Part One of Three:
    Becoming Certified as a Minority-Owned Business Edit

    Meet the criteria for Minority Business Enterprise Certification (MBE). In order to qualify for many minority-owned business grants, you must first demonstrate that you meet the criteria for and MBE. One way to ensure that you qualify is to be certified as an MBE by the National Minority Supplier Development Council (NMSDC). [1] Certification significantly helps MBEs gain access to government contracts and grants. [2] In order to be certified, you must meet the following criteria:

    • You must be a U.S. citizen.
    • Your business must be at least 51% minority-owned operated and controlled. The NMSDC considers a person to be a member of a minority group if they are at least 25% Asian, Black, Hispanic or Native American. For publicly owned companies, at least 51% of the stock must be owned by one of more minority group members.
    • Your business must be for profit and located in the U.S. or one of its territories.
    • The management and daily operations of your business must run by the minority ownership member. [3]

    Can you please put wikiHow on the whitelist for your ad blocker? wikiHow relies on ad money to give you our free how-to guides. Learn how .

    Collect business documents. Depending on the type of business entity, you may need to provide business documentation including, but not limited to:

    • Partnership agreements.
    • Cancelled checks from the business.
    • Business Meeting Minutes.
    • Articles of Incorporation.
    • Bylaws.
    • Corporate Banking Agreements.
    • Business lease information.
    • Proof of citizenship.
    • Proof of business insurance. [4]

    Complete an online application. In order to become certified as an MBE by NMSDC, you must complete an online application located at http://www.nmsdc.org/mbes/mbe-certification/ The certification application may require the following information:

    • Name and contact information for the business.
    • Description of business’ products and/or services.
    • List of owners and shareholders.
    • Description of the type of business and business history.
    • Information about employees, including the number of minority employees.
    • Business owner information, including race/ethnic origin, gender, citizenship, and their role in the business.
    • Financial information about the business.
    • List of customer references. [5]

    Pay your certification fee. In order to become a certified or recertified MBE, you must pay a certification fee that is linked to the region in which you live. The certification fees range from $350-$1200. In order to find the appropriate region for your business visit NMSDC’s website at http://www.nmsdc.org/mbe-certification/. The certification process can take up to 90 days.