ATTENTION: BANKERS, TAX PROFESSIONALS AND COMMERCIAL REAL ESTATE AGENTS.

$$$ MAKE $500-$5000 PER REFERRAL $$$

Send us your commercial business loan customers. We can approve 96% of all your referrals. We fund next day in certain situations and pay commission at funding WOW... yes you heard me right..... Iam talking about $500-$5000 in referral commissions PER DEAL..... PAID AT FUNDING TO YOU.

Bankers: Just send over name and number of your declined customer..... We will do the rest. All you have to do is cash the commission check.

Tax Professionals: Do you think your client needs a little more capital. Just let them know you have a company who can help them. Just send over name and number...... We will do the rest. All you have to do is cash the commission check.

Commercial Real Estate Agents: Have a customer who cant get funded for a commercial property. Just send over name and number...... We will do the rest. All you have to do is cash the commission check.

Iam talking about $500-$5000 PER DEAL in commissions. PAID AT FUNDING TO YOU !!

Just text us and we will set you up. Then just send us name and phone..... We do the rest !!!

Just call me or text me for details 856-279-8359 Mike

IMN Direct® Capital Funding

#makemoney #affiliateprogram #loanbroker

Imn Direct Capital Funding Receives 2016 Best of Wildwood Crest Award

Press Release

FOR IMMEDIATE RELEASE

Imn Direct Capital Funding Receives 2016 Best of Wildwood Crest Award

Wildwood Crest Award Program Honors the Achievement

WILDWOOD CREST December 8, 2016 -- Imn Direct Capital Funding has been selected for the 2016 Best of Wildwood Crest Award in the Banks & Credit Unions category by the Wildwood Crest Award Program.

Each year, the Wildwood Crest Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Wildwood Crest area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2016 Wildwood Crest Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Wildwood Crest Award Program and data provided by third parties

.

About Wildwood Crest Award Program

The Wildwood Crest Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Wildwood Crest area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Wildwood Crest Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community's contributions to the U.S. economy.

WEBSITE: www.imndirect.net

SOURCE: Wildwood Crest Award Program

CONTACT:
Wildwood Crest Award Program
Email: PublicRelations@myawardcenter.org
URL: http://www.myawardcenter.org

###

Thinking of Applying for Business Capital or Business Loan in 2017. Think Again !!

More and more people are turning to alternative lending places for merchant cash advances and short term capital loans. Why ? Banks do not want to take a gamble in this economy. So we depend on these alternative lenders who get their funds from major banks such as Bank of America and Wells Fargo to fulfill the demand. But what happens if alternative funders go away. Yes your right, businesses go under. That's really bad !!

In 2017 things are going to be a little different, Alternative funding is getting harder to get approved. More paperwork, more headaches and so on.

One of the major players who started the alternative lending industry has stopped lending money. There money source was Wells Fargo Business Loans. They no more provide business loan capital to CAN Capital.

In an exclusive interview deBanked conducted with DeMeo last year, he said of CAN Capital at the time, “it’s a self-sustaining business. We’re not forced to approach the capital market to cover our burn rate. We’re cash-flow positive.”

But more recently, there’s a different tone. A spokesperson for CAN said that the company had “self-identified that some assets were not performing as expected and that there was a need for process improvements in collections.” The sudden decapitation of the company’s top officers seems a harsh consequence for this apparent underperformance, especially given that CAN has long been on the short-list as a potential IPO candidate. DeMeo himself had been with the company since 2010, having started originally as the CFO and rising to the CEO position in 2013.

While CAN Capital is a private company, they are notable in that they have originated more than $6 billion in funding to small businesses since 1998 and secured a $650 million credit facility led by Wells Fargo Business Loans just last year.

Although merchant cash advance might be your only alternative if your company is not bankable, in 2017 terms and restrictions will be much harder. My advice get your capital in 2016 and get it ASAP. Make all your payments on time so if your ever in a jam you can just pick up the phone and get funded in hours.

If you are one of them people who need capital give us a call today and let us discuss your options. We have a friendly staff and would love to assist you in your funding needs. Call us at 609-365-0001 IMN Direct Capital Funding.

Dont wait till its too late !!

 

IMN Direct® Capital Funding 

State Of New Jersey Reg # 2029569

office phone: 609-365-0001 | cell phone: 856-279-8359 

web: www.imndirect.net | email: admin@imndirect.net 

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Three Tips For Entrepreneurs to Secure Startup Funding:

If you have the right blend of marketing knowledge, work ethic, and talent, it's possible to start a business with very little money. It is this blend that will enable you to secure startup funding, that will keep you going in the first few difficult months, and that will give you a loyal client base. Here are the first three things you need to do as you start your new business:

-- Identify the Right Market

You should preferably present your products and services to a fast-growing, youthful market. Collect as much information as you can to outline your prospective market, for example, the development time needed to get your product off the ground, and your competitors' strengths and limitations. A specialized market research company should be able to help you with this.
Marketing to the right audience is critical to your success. If your target market does not know about your product and how it works, how will they buy it? Marketing is usually divided into four categories:
Product -- what's to be sold
Price -- cost per unit
Promotion -- how will your target market know your product exists? How can you persuade them to purchase it?
Place -- where will your product be available?

-- Create a Business Plan

Before you even approach lenders to finance your startup, you need a business plan. Since it details precisely how much money you need, where it's going to go, and how long it will take you to earn it back, a business plan is a vital part of the funding puzzle. Even if you submit a short summary to your lender, you should have the complete business plan ready in case they ask for it.
Even if you're not going to the bank, you should still prepare a business plan. Be sure to understand -- and document -- what makes your business unique. Identify your niche -- for example, don't just put food services -- say exactly what type of food service you plan to get into (hot dog stand, wedding catering, or Mexican restaurant).
A good business plan can help you work out how much capital you need to launch your business, and how much income and profit it's expected to produce in the future. Take the time to work out your plan in numbers and words (or hire someone to do it for you) so that you can figure out for yourself where you want your business to go and how you're going to get there.

-- Secure Financing

Different businesses will have different needs, and there's no uniform "startup" fee for any business. Consider these expenses: supplies, licensing and permits, office space, equipment, operating equipment, associations, subscriptions, memberships, employees, contractors, and legal fees. Startup funding can come from angel investors, friends and family, crowdfunding, venture capitalists, bank loans, and government grants/loans.
Angel investors are the funding source of choice for people with startups too small to attract the attention of venture capitalists. As the recession mustered strength in 2008, these angels spent $19.2 billion on more than 55,000 enterprises, although that was down from $26 billion in the previous year. Venture capitalists, by contrast, made only 440 speculations on startups in 2008, putting most of their capital in the latter stages of a company's growth in deals that averaged $7.5 million.

If you opt to go the traditional route, we can help you to quickly view and compare your borrowing options. There you can select the loan types you're interested in, review the terms and rates of each product, and choose the ones you're interested in. Once you complete our online application, you will receive multiple offers from lenders as they compete for your business.

You should know that the odds of flourishing as a startup rise exponentially if you take the time to prepare. By identifying your market, creating a business plan, and securing financing, you will be well on your way to establishing yourself in your preferred niche. You’ll make your share of unique mistakes as a startup, but we hope these guidelines will get you started on the right track. Call us for a FREE Consultation 609-365-0001 or visit www.imndirect.net

DO YOU NEED TO KNOW HOW TO GET A BUSINESS LOAN ?

GET A BUSINESS LOAN TODAY

DO YOU NEED TO KNOW HOW TO GET A BUSINESS LOAN ?

WE CAN GET YOU $5K TO $1M - USE THE MONEY FOR EXPANSION, REHABILITATION OR JUST A CREDIT LINE - DECISION IN HOURS / FUNDING NEXT DAY

BAD CREDIT OK - MIN 3 MOS IN BUSINESS

WE HAVE WORKING CAPITAL FOR ALL TYPES OF INDUSTRIES

CALL IMN DIRECT CAPITAL AT 609-365-0001 OR GO TO WWW.IMNDIRECT.NET

#BUSINESSLOAN #WORKINGCAPITAL #IMNDIRECT 

Tips for Managing Your Cape May County NJ Seasonal Business

One well-known challenge that any entrepreneur in Cape May County NJ might face is navigating seasonal fluctuations in the businesses or industry. The key to doing so successfully involves developing skills and smart practices that will allow the company to remain profitable during off-seasons and periodic slowdowns. Especially when the tourists go home.

A seasonal fluctuation can result from dips in customer demand or supply issues. 

No one can prepare for every possible contingency, but consider these tips for developing and sustaining a season-proof business. Here are some tips to consider:

1. Control the impact of seasonality on staff.

Hiring employees, including manager-level talent, is a critical factor for success. In some cases, there’s simply no getting around the seasonality factor and short-term contracts are unavoidable.

Just be sure to manage expectations of seasonal workers. Be clear about the length of the job and keep abreast of important issues like full-time and temporary regulations and developments surrounding the minimum wage.

2. Be creative about staying in touch. 

Set apart a business by making a point of maintaining visibility throughout the winter year.

Even if regular clients aren't much in contact during the off-season, they might still be around. Be creative about finding ways to stay in touch with them all year round. It’s a great way to turn one-time customers into repeat clients. 

3. Customer promotions need to be countercyclical. 

Don’t overlook the opportunity to take advantage of times when competitors may be in quiet mode. Target audiences in Philadelphia to New York is often just as accessible before a busy summer season as during its peak in July. 

4. Construct alternative income streams.

Although it might seem like a diversion from the core business, set up additional revenue sources to counteract the off-season. Just don't let attention to the alternative stream overtake a focus on the primary business.  

5. Utilize planning skills.

Look ahead at least six months to plan appropriately. To carry the business through slower winter periods (the shoulder season) and complete lulls (the off-season), consider socking away cash reserves during the busy months.

Look hard at every element, from inventory to staffing, to avoid tying up cash unnecessarily during quiet winter months. And don’t forget to take advantage of slow stretches to prepare for the peak summer season.  

6. Understand the cycles in your industry.

Speedy growth of a company is not unusual for business owner who's new to an industry. And that can disguise a normal seasonal fluctuation, leading the entrepreneur to expect the healthy sales will continue in offshore areas.

Base projections about seasonality on sales data from at least two or three years. If the business hasn't been around that long, check with peers and industry sources. 

7. Select a local funding partner.

Make it a priority to cultivate a relationship with a funding source with a firm grasp of the industry and its seasonal nature. A funder with experience dealing with similar businesses can help facilitate what's needed for anticipated expansion, hiring and other capital investments.

Seasonality affects nearly every business, with few exceptions. But building seasonality into the business plan will go far in ensuring success.

When choosing a local funding source such as a bank, it might be hard to accomplish funding for certain merchants in a seasonal area. Consider alternative funding sources like IMN Direct Capital Funding in Cape May County NJ, They offer all types of loans from SBA loans, Credit Lines, Factoring, Merchant Cash Advances and Term Loans. They work with all merchants and credit is not usually an issue if the company has prior sales. 

IMN Direct Capital Funding can be reached at 609-365-0001 or www.imndirect.net for a free consultation to assist you this winter.

FINALLY..... WORKING CAPITAL BUSINESS LOANS FOR CAR DEALERS

If you own a car dealership and have had trouble qualifying for bank or other loans, we could provide you with the financing you need -up to $500,000 or as little as $5,000. You could be approved within 24 hours and you could have funding in your account in as little as 72 hours. One of the most prevalent types of financing is the merchant cash advance option. 

This process works by allowing you to pay back the funding through your credit card receipts or receivables in the dealership. There are a number of different ways to finance your loan and your funding manager at IMN Direct Capital Funding will work on the best deal for your individual needs. Your loan for your car dealership loan is a safe and easy way to get the small business loan and alternative funding you are looking for. For most small business loans, you are going to need to submit six months of bank statements and three months of merchant processing statements. 

Call 609-365-0001 for free consultation or APPLY HERE

Emergency Funding to Small Businesses Affected by Hurricane Matthew

All Small businesses affected by Hurricane Matthew are advised that IMN Direct Capital is currently offering funding in 24 hours. We will be processing applications starting October 10th for the next 90 days. There is no application fee and no down payment required. The application and supporting documents required can be submitted online.

There are limited funds so apply on first come first serve basis. Business must have been established for at least 3 months before hurricane and deposit at least $10k monthly

Hurricane Matthew is now making steady progress towards the Florida coast and is expected to make landfall at late October 6th. Hurricane Matthew's path is projected to wreak havoc along the east coast for the rest of the week with wind speeds reaching up to 140 MPH.  This will be the strongest hurricane to make landfall since Hurricane Andrew, which inflicted nearly $46 billion in inflation adjusted damage. 

Any questions please call:

Michael Corso

IMN Direct Capital

609-365-0001 

APPLY HERE

BUSINESS LOANS - OUR PRODUCTS WE OFFER

Line of Credit vs. APR Term Loan: Which Is Best For My Business?

If you’re seeking capital to run and grow your small business, you may be debating between a line of credit and a term loan. But how do these two financing vehicles work, and in what situation should you apply for each one? Here’s a closer look:

Business line of credit: A business line of credit is similar to personal lines of credit, such as credit cards or home equity lines of credit. You have access to a specific amount of financing—say, $50,000—but you don’t make payments or incur any interest until you tap into the funds.

Lines of credit can be secured or unsecured business loans (typically by inventory or receivables). They are often referred to as “revolving,” which means you can tap into them again and again. For instance, if you have a $50,000 line of credit and take out $25,000, you still have access to the remaining $25,000. If you pay that $25,000 back down to $0, you still have access to the entire $50,000 without reapplying.

A line of credit typically has a lower interest rate and closing costs than a loan of comparable size. However, if you’re late with a payment or go over your borrowing limit, your interest rate may increase substantially—unlike a term loan, where the interest rate stays the same for the life of the loan.

Term loan: With a business term loan, you borrow a lump sum of money, get it all at once and pay it back over a specific time period (or “term”)—it can range from a year to 20 years. Unlike lines of credit that are typically renewed every 1 – 2 years, a term loan is fixed for the specified amortization period. Lenders prefer loans to be collateralized, but there are options for unsecured terms notes.

You can select term loans with different repayment periods and with fixed or variable interest rates. However, you must begin repaying the loan immediately (even if you don’t use the money right away). Closing costs and interest rates for term loans are typically higher than those on a business line of credit. And, unlike a revolving line of credit, once you use up all the loan funds, you’ll need to reapply for a new loan.

Now that you understand how these financing options work, when should you choose a business line of credit as opposed to a term loan?

Term loan: Term loans work best for long-term investments. For instance, if you’re buying capital equipment or other fixed assets that will take several years to pay off, buying a business or doing construction, obtaining a term loan is your best bet.

In addition, term loans are typically used for a specific purpose: In order to get the loan, you’ll need to show exactly what you plan to use the money for and how that will help your business increase sales and profits. If your financial projections convince lenders that these changes will increase your sales and profits, the lender will feel confident that your business will be able to pay off the loan.

Here are some situations where you might use a term loan:

You own a pizza restaurant and want to expand into a larger space that just became available next door. You also want to add two wood-burning pizza ovens so you can serve upscale, Neapolitan-style pizzas (and charge more). The expansion and shift in positioning will take a while to pay off, and the pizza ovens have a usable life of 10 years. Therefore, it’s to your advantage to stretch out your payments to a long-term loan of 10 years.

You own a graphic design business and need to buy new computers for your staff of 30. Typically computers have a life of about three years, so a three-year term loan would be appropriate.

The longer you’ve been in business, the easier it will be to get a term loan, as banks want to see a track record of success.

Business line of credit: A business line of credit is sometimes called an operating line of credit, because its purpose is to help finance ongoing operating expenses. Think of a line of credit as an insurance policy providing a cushion of cash when you need it. That’s why the best time to apply for a business line of credit is before you need it—in order to get an unsecured line of credit, you need to prove that your business has healthy cash flow.

Business lines of credit are best for short-term financing needs, such as payroll, seasonal expenses or temporary cash flow shortages. Here are some situations where you might use a line of credit:

You own a landscaping business and have just completed several projects. You have a huge chunk of receivables due in a week—but you need to make payroll for your 20 employees in two days, and don’t have the cash on hand. You could use the line of credit to cover payroll, then pay it back as soon as your receivables come in.

You own a business selling fashion accessories from a kiosk, and a particular style of sunglasses is selling like crazy. You need to order more and your supplier is offering a great deal, but requires C.O.D. Use the line of credit to pay for the sunglasses, then pay it back as you sell them.

Be sure not to tie up your line of credit paying for long-term investments, or you won’t have access to it in an emergency, limiting your flexibility—which is the whole point of a line of credit.

Working with a company that’s experienced in matching businesses with financing sources can ensure that you find the perfect type of small business loan for you.

If you have further questions please call us at 609-365-0001

Do you have a business idea and trying to get off the ground

Do you need funding to get a great idea off the ground? Or, perhaps you’re already running a successful small business, but you have to relocate or you’re ready to expand. For whatever reason, you need cash. Major banks and lending institutions have never been known for rolling out the welcome mat to entrepreneurs and small businesses with no long-term track record (although according to the 2014 Small Business Success Study, small business owners report that they find commercials loans are a more attainable yet less desirable funding choice). This article provides a few start-up financing ideas. It’s also worth considering five additional alternative funding methods: crowdfunding, microlending, angel investing, peer-to-peer lending, and start-up incubators.

Crowdfunding is a collaborative funding model that lets you collect small contributions from many individuals (the crowd). With donation-based crowdfunding, represented by well-known brands like Kickstarter and Indiegogo, you collect money from individuals and offer them products, or one-time rewards, as perks for donating. With investment crowdfunding, businesses sell ownership stakes to investors who then get the potential for financial returns if a business is successful.

Microlenders make small loans, typically in the range of $5,000 to $50,000, to entrepreneurs who can’t get loans from traditional banks. Some microlenders focus on lending to specific categories or types of borrowers, such as women-owned or minority-owned businesses, or ethnic markets, such as Hispanic business owners, and they may also offer education and training to their borrowers.

Angel investors provide financing to small companies in exchange for an equity stake in the firm. Money received is an investment, not a loan, but angels will want a clear path to profits, either through a public offering or acquisition at some point down the road. As stakeholders in your company, angels are motivated to help you succeed, and may offer mentoring and management guidance to help achieve goals.

Peer-to-peer lending is the practice of packaging small amounts of money—from $25 on up—from many different individual lenders to provide directly to a borrower in the form of an unsecured personal loan. Over the past three years, peer-to-peer lending to small businesses has grown, and newly established companies with a few years of business under their belts may be able to seek loans of up to $500,000 for terms as long as 60 months.

Start-up incubators, many of which focus on the technology sector, support the development and growth of entrepreneurial companies. They offer resources that include physical office space and shared services, expert mentoring, consulting services, legal counsel, and seed money—anywhere from $18,000 to $150,000. Plus, you get networking access to investors and experts who can provide valuable guidance after you leave the incubation program. In exchange, the incubators may take a small equity stake in your company.

Four New Ways to Make the Most of Working Capital

The secret to surviving this Great Recession may turn out to be how you manage working capital--the difference between the money you've been paid and the cash you owe.

The good news is that clever startups are coming to market with big new ideas intended not only to change the way small businesses handle money, but in some cases to also cut out big, bad, TARP-grabbing traditional banks altogether.

"The market is beginning to understand how much value there is in unlocking what is not working in the financial infrastructure," says Aaron Patzer, vice president of the Personal Finance Group at Intuit and founder of Mint.com, the online personal finance site Intuit purchased last year.

Here then, is how to get the most out of next-gen working capital.

1. Put future sales to work
The old-school small-business dynamic of paying a bill by the agreed-upon due date or face usurious late fees is disappearing. BillFloat, based in San Francisco, is launching micro-credit for small business. Using investment and tech backing from online giant PayPal, BillFloat will provide as much as $1,000 of unsecured credit for 30 days to pay any bill.

BillFloat charges a flat rate for each micro loan. Fees during the current beta period, for example, are $4.99 per bill for a $50 loan and as much as $14.06 to pay a $225 bill. This fee combines a 3 percent monthly interest rate and a flat service charge per bill. Lendees have 30 days to repay and can extend terms as long as they notify BillFloat. Interest continues to accrue while the balance is outstanding.

Traditional banks also are morphing into financing innovators. Capital Access Network has created a product called AdvanceMe that provides working capital based on a company's estimated future credit card transactions. The outfit also reviews other factors--including whether a company has a minimum monthly credit volume of $5,000--before agreeing to provide a lump sum. The Scarsdale, N.Y., company says the approach lets firms with lower credit scores qualify for loans.

Clearly, new financing options like these will strain some small businesses. For example, as low-cost as BillFloat might be compared with charges for bounced checks, 3 percent per month works out to a near-Sopranos level of 36 percent annually. And financing tools like those offered from Capital Access Network require sophisticated accounting because, technically, the cash is not a loan, but a form of accelerated sale. Companies will need to think through options to be sure these deals make business sense.

2. Get your money faster
Considering all the innovation in digital technology and the web, small-business billing is still almost ludicrously old-fashioned snail-mail paper bills and paper checks or fast but pricey web-based billing and payment services. Now third parties are offering new ways to expedite inbound cash.

Invoicera, based in New Delhi, provides services like international billing, multiple payment gateway support, fiscal team management and automatic billing. Basic tools are free, and $10 a month buys access for as many as 25 users and more features. The system requires at least a working knowledge of accounting to use properly.

Bill.com in Palo Alto, Calif., offers a near-enterprise-grade billing and invoicing tool that extends to managing payroll and billing options via the web. "Small-business owners are beginning to demand the kind of controls they have in their personal banking tools from the business tools," says Jeff Schultz, Bill.com's vice president of marketing.

Traditional financial service firms are not far behind. Charge card giant American Express is betting on a new payment service that ties web payment options, financing and other services to small-business invoices.

The rub with all these is cost. American Express charges to manage receivables. Fees are complex and vary by amount and product used, but entry-level accounts cost 2.89 percent of each bill, plus 15 cents per transaction. Bill.com's service starts at $20 per month, plus 99 cents per check and 49 cents per electronic transaction. So firms must be careful not to get buried by these costs.

3. Lose the payroll, the paper and even the branch
BankSimple is angling to offer all the services of a bank without the actual building. The Brooklyn, N.Y., firm is establishing a web-based financial system that will offer free ATMs, automated money management, smartphone bank deposits and free online bill payment with what the firm claims are no hidden fees and far lower costs than traditional banks.

New banking hybrids are springing up fast. Austin, Texas-based MPOWER Ventures, through its prepaid debit card brand Mango Financial, recently opened its first "Mango Store" in Austin. A lower-cost alternative to high-priced check cashing, Mango's new retail location provides prepaid MasterCards, mobile money transfers and free alternatives to many financial transactions. The service gives small businesses not only new payroll options, but also lets their employees cash checks less expensively. Mango will offer payment options for small businesses looking to pay employees in cash. It hopes to open stores across the country on a march to become the Starbucks of next-gen banking.

PayNearMe is looking to do away not only with paper checks, but paper money, too. The Mountain View, Calif., company has pioneered the use of bar-coded vouchers, which any desktop imaging device can produce and which can be used to pay for anything from goods at 7-Eleven stores to rental cars from firms like Avis.

There are risks for these services. Fees are higher for working through third-party ATMs, and the tax implications are significant. The IRS likes to know where your money is.

4. Smarter point-of-sale 
For sheer innovation, it's tough to beat the changes coming at the point-of-sale. One of the most cutting-edge is Palo Alto-based Bling Nation, which is trying to deploy a system that lets small firms create on-the-fly loyalty programs. The cash-back and points system works through BlingTag, a fob that attaches to the back of any mobile device--no cash or credit card needed. The BlingTag lets merchants track purchases, reward customers and offer discounts almost automatically.

Firms like Plastic Jungle, meanwhile, are in the $30 billion market of uncashed gift cards. The San Jose, Calif., firm buys the remaining balances on unused or unwanted gift cards both from users and businesses, then resells this purchasing power to buyers using its Gift Card Exchange. Spreads range from 30 percent to 92 percent of face value, depending on the retailer and value of the gift card. "If you have gift cards on your books, this is a new way to get working capital," says Bruce Bower, CEO of Plastic Jungle.

Again, there are drawbacks. Bling Nation must work with existing credit card vendors, which can be challenging. And gift cards face steep competition from prepaid debit cards that replicate the gift card experience but can work with any retailer.

"All this activity does bring excitement to the market," says Patzer of Intuit, in Mountain View, Calif. "But getting from a good idea to a good business takes awhile."

Interested about alternative lending call us at 609-365-0001 or visit our website www.imndirect.net to see if your small business qualifies for funding.

Business Funding Options for Bad Credit Risks

For better or worse, your credit score has become your "SAT score" when it comes to financing. If you have a high score, you'll have a pretty easy time getting credit offers from a wide variety of funding sources. If your score is low or nonexistent, however, you won't.

But a low score isn't something you can run away from, and even if you avoid it, it won't go away. The trick is to fund your business in ways that actually get your score back on track so when you're ready to move your business to the next stage, your score will start opening doors rather than getting them slammed in your face.

Here are some ideas for entrepreneurs with low scores who are faced with funding challenges:

1. Look beyond credit cards and bank loans for financing. Studies show that credit card and bank financing account for just 25 percent of the total funding needs of early-stage entrepreneurs. This statistic should provide you some comfort, because it implies that 75 percent of the money you need can come from other sources that rely less on your credit rating.

While there are credit cards and lending programs designed for individuals with poor credit, these options will typically charge a higher interest rate to compensate for the credit risk posed by a sub-prime borrower. One bank option for those with poor credit scores is a home equity line of credit, though I'd be wary of putting your home on the line to finance a risky early-stage venture.



2. Seek loans from your relatives and friends. Everyone likes the idea of entrepreneurship, which may be why, at some point, more than 50 percent of all business owners get financing help from friends and relatives. Chances are, your relatives and friends want to see you succeed and may be able to help make your business dream a reality. They also may not dwell on your poor credit score because they trust you, or they believe your business concept to be sound. (Banks used to evaluate your character and business conditions the way family and friends still do, but credit scoring models have made lending decisions more automated, resulting in the critical power your credit score holds over you.)

If you follow the advice I have shared in previous columns on identifying private lenders and understanding their risk profile , you should be able to get access to cheap, quick and patient business capital. Also, you can now use private loans from relatives, friends and business associates to rebuild your credit score if you use a loan management company to service the loan and report payments to credit bureaus.



3. Investigate microlenders and web-based lenders. There are several nonbank lenders on the internet that now offer microloans to entrepreneurs. These loans are typically in the $5,000 to $25,000 range. Some of these sites are excellent sources of capital for those with poor credit and will also report your payments to credit bureaus which can help raise your credit score if you make timely payments. Be sure to shop around and compare rates since each site offers a twist on how they price loans and spread risk to their lenders/investors.

For a FREE Consultation just call IMN Direct Capital at 609-365-0001 we would like to hear from you to explain how you can get approved. Or just visit us at www.LoanBizSolutions.com

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Why Banks Don’t Want to Lend to Small Businesses

It’s one of the most frustrating realities facing today’s small business owners and small business owners-to-be: 68% of small businesses are looking for loans of $250,000 or less and 50% of small businesses are looking for loans that are less than $100,000, many traditional lenders have retreated from providing these smaller loans. Instead, they’ve opted to serve those seeking $1 million or more for their business needs. Given that there’s so much demand from small business owners looking for amounts way under $1 million, why aren’t banks serving these entrepreneurs more?

Another issue is access to credit. Big businesses have more access to large financing markets and can get credit very cheaply, While small businesses have little or no access to the same type of credit. Despite concerns, there are some promising changes taking place in the alternative small business lending market to fill this void - especially through the advances of IMN Direct Capital Funding. With more efficient technology, lenders are able to lower their overhead and underwriting costs and pass those savings to small business owners. For example, brokers such as IMN Direct Capital Funding are using technology to drive down the cost of credit by connecting borrowers and investors to alternative sources. 

Protecting small businesses and giving them the opportunity to access responsible credit in a competitive market is just as critical as protecting individual consumers. Many small business owners have put their lives on the line to create new opportunities for their families and communities. Encouraging the values of the Small Business Borrowers’ Bill of Rights — access, transparency and inclusion — through industry-led efforts and thoughtful government policy will give rise to a market that secures the role of good lenders, strengthens small businesses and strengthens our workforce.

Interested about alternative lending call us at 609-365-0001 or visit our website www.imndirect.net to see if your small business qualifies for funding.

Small business loans soar under Jobs Act SBA loan program extension

The number and value of federal loans to small businesses in Georgia and across the U.S. soared in the last three months of 2010.

Loans in Georgia made through a U.S. Small Business Administration program offering 90 percent loan guarantees to lenders and eliminating fees for borrowing companies increased by nearly 52 percent. From October to December 2009, 449 loans were issued; during that same time period in 2010, the number of loans increased to 681. The value of those loans increased by 142.6 percent, from $220 million to $533 million. Signs of recovery have been seen in other business loan data, too. As for the recent rise of SBA loans, they occurred during a period of economic recovery, “so more entrepreneurs had more confidence they could make a go of it,” said Jeff Humphreys, the director of economic forecasting at the University of Georgia. “It’s a slow recovery, but it’s a recovery.” Chris Callas, owner of Q Care, a residential and commercial cleaning company in Roswell, received a $400,000 SBA loan in December to buy land, build and renovate new facilities in downtown Roswell to help his business grow. He had been denied by lenders for conventional loans before turning to Cornerstone Bank. “I’ve owned this business for years and was cash-flow positive [despite slowing sales] but the banks were gun-shy about lending,” he said. The loan is 90 percent guaranteed and Callas didn’t have to pay $12,000 in fees. “It allowed the transaction to happen,” Callas said. Now, he added, his expansion will stimulate the hiring of construction workers and others building his new business quarters, further stimulating the local economy. The latest figures are even more striking when compared to data from the same quarter in 2008, when the economic recession took hold. For that three-month period, 224 loans were made through the program, valued at $92 million. The higher loan percentage guarantees and fee elimination were continued for the last three months of 2010 after President Barack Obama signed the Small Business Jobs Act, which extended those incentives. Terri Denison, district director at the Georgia District Office of the SBA, said the surge in the number and value of the loans could be attributed to the improved incentives under the loan programs and to the nascent economic recovery. “The point was to create a little more favorable environment in which lenders would be willing to make loans,” she said. “That would be kind of a way to get the ball rolling again.” She said about two-thirds to three-quarters of borrowers were existing businesses that operated in a diverse group of industries including professional services, construction and agribusiness. The loans made under the SBA’s programs from February 2009, when the American Recovery and Reinvestment Act was signed, through the end of 2010 carried 90 percent loan guarantees, up from 75 to 85 percent guarantees, and no borrower fees, instead of 2 to 3 percent fees on the loan amount. Those enhancements were intended to prod reluctant lending institutions to lend money to businesses, while allowing the borrowers to use money that otherwise would have gone to fees for their business. Nationally, the SBA said it approved more than $10.3 billion in loan guarantees in the last three months of 2010, which supported more than $12 billion in loans. The guarantees were funded by $505 million in subsidy funds provided during the period. Funding for the higher guarantee/no fee loans has expired, although the SBA continues to offer its loan programs at the original rates and terms. Charlie Crawford, chairman, president and CEO of Private Bank of Buckhead, said he expects some banks to pull back slightly on SBA lending as guarantees on many loans return to 75 percent. Demand also could dip as the fees borrowers are charged are restored. Meanwhile, demand for traditional business loans by companies of all sizes increased slightly in both October and November, after steady declines for nearly two years, according to a December report by the Federal Reserve. For Georgia-based banks, total business loans not backed by real estate have increased three straight quarters, according to FDIC data. Total commercial and industrial loans to companies of all sizes are up 6.2 percent to $32.47 billion. Those figures include loans inside and outside Georgia.

4 Lessons Your Small Business Can Learn from Amazon

As an e-commerce juggernaut with billions of dollars in sales, Amazon may seem an unlikely source of inspiration for small businesses. But the company’s market value doubled in 2015, and third-quarter revenue from its new business, Amazon Web Services (AWS), grew 78 percent compared to the same period in 2014—enviable successes for businesses of any size. We talked to three small business owners about the lessons they’ve learned from Amazon.

1. Start small. 

From dog food to DSLR cameras, hundreds of millions of products are for sale on Amazon. You can also watch streaming videos, set up subscription-based delivery of your favorite items or secure cloud computing services for your business. But it wasn’t always this way. Amazon started as a bookseller, “and for years, even when they were expanding into other verticals or industries, that was all they were known for,” says John Turner, CEO and founder of Users Think, a Pittsburgh, Pennsylvania-based company that delivers user feedback on websites’ home pages. “Intense focus early on allowed them to win that market, and only then did they really branch out. But they didn’t try to be ‘the everything store’ right away.”

2. Put your customers first. 

“Everybody is eating Amazon’s digital dust because Amazon keeps their customers No. 1,” says Scott Lorenz, president of Westwind Communications, a public relations and marketing firm in Plymouth, Michigan. “If you look at all the innovative changes Amazon has made over the years, they’re all for the benefit of the customer.” (Think one-click purchasing, free and fast shipping—including same-day delivery in some markets—and low prices.)

3. Help yourself, then help others. 

AWS, a cloud-based computing service, may seem an odd offering from a company focused on retail, but “AWS wasn’t some out-of-nowhere pursuit,” Turner says. “It came from Amazon’s own need to build a rock-solid, fast and scalable website. They had to not only buy their own hardware for it, but often had to build their own software to handle the influx of traffic.” Small business owners should examine the solutions they craft for their own businesses, Turner says, and consider how those products or services could become sales opportunities.

Turner founded his small business, UsersThink, after developing the tool for his own use as a Web consultant. “It became apparent quickly how powerful it was,” he says, “and I decided to refine it for public use. It’s now my primary focus.”

4. Ship smart. 

Small businesses may not be able to offer two-day shipping à la Amazon Prime or plan for same-day delivery via drones, but “small retailers can learn from Amazon about how to nail the customer experience in regards to shipping,” says Jarrett Streebin, founder and CEO of EasyPost, a San Francisco, California-based shipping company. Providing your customers with order receipt confirmations, tracking codes and email updates about shipping status is simple, but it goes a long way in creating a great customer experience, Streebin says.

Looking to start up a new business or just need capital for an existing business. We can help call 609-365-0001 or www.imndirect.net