Category Archives: Finance

SBA Loans: The Government is Here to Help

Mature small business owner

Being self-employed and starting your own business is exciting. If you have a wonderful project idea that has the potential to succeed and function in a good manner, it does not matter if you do not have a lot of money. You can take a loan from the bank and today the government will also stand by you.

Get financial help

To grow in business and create wealth, you need money to begin with. There are government agencies like Small Business Associations (SBA) that can help you get the necessary financing. There are certain conditions you should fulfill to qualify for the SBA loan in Ogden or any other city. SBA classifies small businesses depending on the type of products or services they produce or handle. The amount of loan will, therefore, differ depending on whether it is a construction business or a super market or some other business.

Create jobs and support the community

History is witness to the fact that if individuals nursed private ambitions of making personal wealth while starting a new business, then the chances of failing is more. Comparatively, if a business is started with an aim of supporting other people and creating jobs for locals, it has survived the toughest of economic situations and succeeded. If businessmen realize personal wealth is a byproduct of the business and not the main product, then they will be successful. SBA will support such genuine businesses and help them financially at every step.

Qualifying for an SBA loan

To be eligible for assistance from SBA, you should have been denied financial help from other sources, i.e. other than the government itself. In case the government had also rejected your application previously, then you should review your business project and/or approach venture capitalists or an angel investor. If you qualify for an SBA loan, then the government will assist you every step of the way. It is essential for you to stick to the terms and conditions of the loan agreement, though. You should ensure that the principal and interest are repaid in full and on time.

It’s not uncommon for businesses to take out a loan. All you need is to be careful when borrowing; you wouldn’t want to get something big and not use the rest of them.

Quick Ways to Make Your Business Survive

Bank sign

Everyone wants the success, survival and positive growth of their business, but not everyone has the skills to do so. At times, deep economic changes occur leading to shifts in plans, operations, and strategies. As an entrepreneur, your decision determines the survival or downfall of your business. The experts at TAB Bank present some strategies to ensure the survival of your business.

Get an appropriate lending company

With a fast changing economy, your company's financial needs become greater than your available resources. This situation can be best sorted out by an online business lending company which offers both long term and short term loans. They have easy-to-follow steps but also fixed and variable, low-interest rates.

Keep emotions far from the business

During tough times, you might forget is that it’s not about you but the company. Having two or three advisors is important for holding you accountable for what you’ve planned to do. No matter how difficult the moment is, you always have to be assertive and keep your word. Don’t take things personally.

Be organized

As a business owner, your role is to manage people and ensure that everything is running smoothly. If you delegate jobs in an appropriate way to your employees, you will benefit from their work and productivity. Having them also enrolled in a regular training course so that they know what is required of them will keep your business growing.

Leverage social media

If you appropriately use social media, you earn the best out of it. Social media is one of the ways to leverage the Internet. With it, you can sell your products and popularize your business across the globe. One way to do this is to make use of sponsored ads on Facebook. With Facebook ads, you can choose the right audience for your business or commodities. This way you’ll reap the best from it.   All in all, the change that you want for your business starts with you. You have to ensure everything works for you. Also, it is important to believe in yourself and your employees.

Building Maintenance: Why You Should Have a Regular Maintenance Program

Commercial property is an investment that can be your source of income for many years to come, so it only fits that you take care of your investment. Taking care of your property does not only include the building’s exterior. You also need to take care of the heating, air conditioning, and ventilation systems regularly.

Let’s take a closer look at how hiring building maintenance companies in the UK, such as M&E Maintenance Solutions Ltd can help your business.

You Can Avoid Emergency Repairs

Emergency repairs are not only a nuisance, but they’re also very expensive. A routine checkup of the overall health of your building can help you detect a problem before it becomes an emergency case. Why is this important? It’s cheaper to do routine maintenance than having a contractor or service professional fix something, especially in an emergency situation. For example,a leak can be easily fixed when caught early, but repairs will be much more challenging and expensive when water has damaged other parts of the building.

You can set aside a fund for emergency repairs, but you can never get the exact amount. You might end up over or under budgeting your resources. A routine maintenance program, however, allows for a more accurate and correct cost estimation.

Regular Maintenance Can Limit Potential Liability

Your liability increases should a tenant or a guest trip or have an accident on your property because of damaged walkways, car parks, or perimeter walls. Keeping your building in good condition can save lives and you from a lawsuit.

First Impressions Last

More often than not, clients tend to form an opinion about your building upon first glance, so impress them with a well-maintained building. A building that is well cared for does not only send a positive message to your clients; it also radiates your professionalism and overall attitude towards your business.

Your building is a long term investment that will generate income for a very long time, so regular maintenance is not something to be taken lightly.


3 Reasons You Must Strive for a Good Credit

Credit Score in Utah

A good credit score is something that many people aspire for. It is not so much as having a perfect credit score because such thing may be a bit difficult to reach, though not at all impossible. However, credit scores can be affected by honest mistakes or lapses, which is why having a score of 770 (to be more realistic) would be enough. But why is there a need to reach a credit score like that?


Many companies seriously consider the credit report of a job applicant. According to Business Insider, the rationale behind this is if you have a good credit report, then you must be responsible enough to ensure you keep tabs on your obligations. By doing so, credit companies trust and rely on your ability to make good on your word of repaying your loans. Corporations or businesses you apply to look at the same trustworthiness and reliability. They believe if credit companies find you reliable and trustworthy, you must also possess the same attitude with regards to the tasks associated with the job you are applying for.


Another benefit of having a good credit score is you will not have a difficult time looking for a place to rent. You might not know it, but landlords look at your credit score to determine whether you can be trusted to pay the rent on time. This is particularly true for high-end housing or apartment, where landlords have been known to reject potential renters or perhaps charge them with higher deposits because of low credit scores. If you have a good credit score, you can expect landlords to welcome you with open arms.

Loans noted that you would not have a difficult time seeking a personal loan if you have a good credit score. In fact, it is even possible for you to secure a non-collateral personal loan by signing a document declaring that you availed such loan. Your word that you will pay the loan after a period of time is enough for a financing company to lend money.

Forbes also pointed out that you can even negotiate the rate for these personal loans if you have a good credit score. This is truly beneficial during emergencies where you need extra cash.

While there may be some who prefer to purchase things in cash, it is still beneficial if you do so on credit and to make the payments on time. This could help you build your credit rating and achieve a good credit score of at least 770. When you have a strong positive credit score, you will enjoy a lot of benefits, particularly at a time when you need them the most.

How to Adult: Ways to Prevent A Quarter Life Crisis

Preparing for adulthood may not be an exact science, but some coping mechanisms have been proven to help direct adolescents to their yellow brick roads to success; while hoping for fewer detours and pit stops.

The journey to independence can be both empowering and terrifying — this contributes to the likelihood of adolescents to fall into a bottomless pit more commonly referred to as the quarter-life crisis. As a “beginner” adult hoping to grow into your big boy/girl pants, you can save yourself from experiencing the unwanted limbo by considering these simple friendly reminders on how to be the boss of your own life.

Where Do You See Yourself in 10 Years?

No adolescent can dodge the cliché, yet mentally scarring classroom favorite question. Somehow these 8 words will continue to haunt you unless you manage to trick people into thinking you actually know what you’re doing with your life. That aunt Helda won’t waste any opportunity to harass you in family gatherings, it’s basically her job, which is why it’s important to get it together before she starts to meddle with your dating life as well. Picking a career path is a pivotal moment — it will affect nearly every decision you make for the rest of your life. Whether to go to university or learn by experience? To move to the city or an entirely different country? Your choices will now be followed by the most “adulty” question an adult can ask: “will this be beneficial to my future?”

Once you’ve hit the 25th year of your existence, the world starts looking smaller, giving you less and less room for mistakes. Which is why it is vital that you pick wisely and passionately because knowledge and skill can only take you so far. It’s the heart that makes you want to keep at it to the end. To further help you in this big first leap to success, Career Key stated on their website that the Holland Theory created by John Holland is the most accurate assessment for choosing a career based on a person’s personality type. You may want to consider using this tool to further validate or simply aid in your decision-making process.

Executing the Game Plan

Once the goal has been set, it’s time to take action. But of course, every good soldier needs to learn how to shoot before going to battle. Learning can be done in the classroom or hands on. Different people have different ways of acquiring knowledge and skills that are necessary to excel in their field of choice; getting a degree can certainly help give you an edge in employment, so taking up courses in a university in Singapore could be a wise option. In certain cases, employers may lean toward applicants with a higher educational attainment. The key is to mentally, physically, and emotionally prepare yourself for the demands of choosing the university life, which is the gist of an article made by the University of Alabama on the Causes of Failure in College. Might be worth the read if you’re considering it.

Another factor that may help with your career preparation is picking which battlefields can give you a better chance of survival. If the university that best suits your learning style is all the way in Singapore, then book that ticket and fly! Consider looking up the various courses they offer while you’re thereGoing past your comfort zone will only further prepare you for the adult life, plus a change of scenery might do you some good. It’s also a chance to get as far away from aunt Helda as possible, bonus!

Exceed to Succeed

With great power comes great responsibility, and once you hold that degree and/or work experience, it’s time you put that power to good use. Though you may have reached an amazing milestone, the learning never stops, and so do the opportunities to better yourself. It is far better to be safe than sorry, to be over qualified than average. The extra effort you put into is a worthy investment.

Jillian Michaels said: “If you have a ‘why’ to live for, to fight for and to work for, you can tolerate the ‘how’.” The road may be long and winding, hell it could be a desert filled with venomous snakes and no water! But if your mind is set to it, then the journey should be worth it.

Custom Home Building: 3 Ways to Control Your Budget

The home you envision comes to life with a custom built home. It is a home made to your exact needs and aspirations. Whether it is a suburban home equipped with the latest digital systems or a large country house with reclaimed materials and energy-efficient features, a customized home is your dream home. But that dream home does not have to come with a lavish price.

The Cost of Building

The average cost of building a home in the Denver Metro area is $305,372. The cost for a custom home design generally ranges from $135 per square foot to over $300 per square foot. The bigger the house, the greater the budget.

In addition to the size of the home, finishes and special features add to the cost, too. The shape of the home and the number of stories further increase the budget. Even when you do have sufficient money for a customized home, it still pays to manage the costs. The developers at Sunnyside Builders point out budgeting can make or break any project. We always advise our customers to look at the large ticket items such as exterior materials, flooring, plumbing and lighting fixtures, and cabinetry. All of these things can affect your experience throughout the home building process.

To help you manage the costs, here are three things to consider:

1. Identify All Items in Your Customized Home Building Project

What costs are associated when you build a home, other than the land cost and professional fees? You also need to plan for the cost of legal fees, permits, moving, decorating, furniture, appliances, landscaping, and other items needed to complete your dream home.

2. Know When to Save and Splurge

Certain items in your budget can take a cutback. Some items require a bigger budget because they save money in the end. For example, high-quality kitchen fixtures will last a long time, which equates to savings on future repairs.

3. Plan for Contingencies

The unexpected will happen during construction of your dream home. A miscalculation on city sidewalk requirements, a landscaping design change, or Mother Nature can all interfere with the schedule and would all significantly add to your cost. Contingency allowance in the range of 5% to 10% would cushion the blow of unexpected events, and keep your budget under control.

Customized home building gives you the dream home you have always wanted. Do not let the dream home build be more difficult than it needs to be. Take the necessary steps to control your budget.

Don’t Do These Abroad: The Traveller’s Mistakes

Where are you off to for your holiday this year? The good news is travelling is easier now than before. You can book your trip and arrange your activities through your smartphone. And thanks to social media and video platforms, you’ll have a better idea of the places you’ll visit.

The bad news is you’ve yet to achieve perfect traveller status. At some point during your trip, you’ll still encounter surprises that leave you more stressful than when you’re at work. The little things, like packing the wrong things and the big things, like forgetting your passport, will make you regret the trip.

To prevent a regrettable trip, avoid these common traveller’s mistakes.

Packing too much.

Overpacking causes several issues. One, you end up paying extra baggage fees. Two, you risk losing luggage. Three, you bring clothes you don’t end up wearing, so you waste money and effort.

Instead of throwing as many clothes as you can in your bag, consider the activities you’ve planned for your trip. And think about mixing and matching certain pieces to limit the number of clothes you’ll pack.

Exchanging currency at the airport.

Research reveals you lose money by getting your currencies exchanged at the airport. There are reportedly ‘wild discrepancies’ between rates offered at the airport and foreign exchange services in cities.

Shop around, and don’t rely on airport rates. You can find a forex provider that offers competitive rates, allowing you to make the most of your currency.

Booking your trip at the last minute.

Last-minute bookings can cost you more money. Also, you’re not likely to get the best seat on the plane and the best flight schedule. Advanced booking is cheaper. The longer you wait to book, the more you’ll pay.

Travelling should be easy. You should remember it for all the fun you had, and not the stress you gained. Doing so takes careful planning, and avoiding common travellers’ mistakes.

Unique and Wonderful Suggestions to Make Your Wedding Extra Special

Since weddings have been innovating and evolving in the past decade, you might find it difficult to make yours unique. But, by changing one or two elements in your event you can still make it a truly special occasion.

Here are a few amazing suggestions for you to try out:

A Healthy Feast – Yes, you can “pig out” and not feel like a pig. With healthier options served for your reception spread, such as salads, organic fruits and fat-trimmed meats, your guests can eat as much as they want without feeling bloated. There are Malay wedding venues in Singapore, such as Lagun Sari, that serve Halal dishes, which you might consider as another alternative.

A Unique Ride – White limousines are a dime-a-dozen. Why not find something more interesting to look at like a vintage sports car, a horse-drawn carriage or even a helicopter? There are a countless other means of transporting the bride to and from the church so be as creative as you want, as long as the funds will fit.

A Different Theme – Why choose a white wedding when you can choose historical outfits, fantasy dress-ups or wear magical costumes? If you are not too sure how your friends and family will take it, use those themes during the reception festivities instead. You can find time to change costume, literally, in between your church ceremony and the trip to the reception venue.

A Special Entourage – Instead of a solemn stroll up the aisle, which can be akin to a funeral march, why not have a song or dance number on the way to the altar? Not just the bride, groom or their respective parents. Hire a choreographer to recreate your whole wedding march into a flash-mob-like scene to celebrate a truly joyous occasion.

Why limit yourself to just one suggestion? Try them all and see how wonderfully different your wedding will be. And as long as everyone is happy and joyous during the occasion, especially you and your partner, then your wedding can truly be hailed as a success.

Considerations for Selling Your Own Product

Business Plan in Eagan

The first step to selling your own product is, of course, coming up with that product. When thinking of what product to create, there are some considerations:

  • What you can create within a reasonable time frame and budget
  • What tools or services are needed to finish your product
  • Where to store the products
  • How much to sell your products for
  • What avenues for selling you’ll be using (online or offline)
  • How to get them to customers

There may be other concerns aside from those on the list. Which leads to the next item: you need a solid business plan. Before you’re even ready to operate, you’ll be spending hours coming up with a business plan that will at least get your business off the ground.

Testing the market on the cheap

Companies spend thousands or even millions of dollars just to test their products. As you don’t have that kind of money right now, you can just go “local.” Give prototypes of your product to friends and family and note how they react to or use those prototypes. With the input you get, you will be able to adjust your manufacturing. You will also find out if there is indeed a need or a desire for that kind of product.

List your expenses to find “budget versions”

Your budget is not unlimited, so instead of spending money on expensive services to launch your product, find a way to save without sacrificing your marketing or operations. For example, instead of paying for expensive courier services, talk to a rep from a company offering freight in Eagan, MN. They may be open to a deal that’s not too heavy on your shoulders. Instead of hiring a PR person, start a website with a blog page. You’ll eventually need a professional to work on your site, but for your basic needs right now, try websites like Shopify or WordPress. They have easy instructions for starting an eCommerce website on your own.

There are many ways to save on the startup you’ve been dreaming of. Selling your product online is one of them. Scour the internet for simple ways to reduce your expenses and improving your profit margin.

3 Important Decisions You Should Make Before Turning 30

Turning 30 somehow marks the end of being an overgrown kid. At this age, people will expect you to act like a responsible adult. They will also assume that you know now how to keep it together – in all aspects of life. With this kind of pressure, you might feel a bit of panic. But don’t worry too much, as you’ll feel a lot better once you’ve made the following decisions before you hit the big 3-0.

  1. Get Your Finances in Order

To achieve your dream home and car by the age of 30, you have to start getting your finances in order while you’re still in your 20s. Begin by dealing with your credit card debts and other financial obligations. If you can, consolidate your debts by taking out a personal loan online. In addition, start spending less on unnecessary things and take your savings account seriously.

  1. Develop Healthy Habits

Some serious health conditions like heart disease or lung problems may appear during your 30s. To prevent these illnesses, start developing healthy habits. Watch how you eat and make sure you stick to a proper diet plan. It would also help if you begin going to the gym regularly and ease off your vices gradually. You don’t want to regret not stopping at the later years of your life, so decide to be healthy as early as now.

  1. Decide on Your Career Path

It is essential that you have a clear career path before you hit your 30s. For one, only a few companies will hire a 30-year-old-something who’s been a job hopper all throughout his 20s. Also, if you suddenly decide to switch careers, it will not be easy to start from scratch. Now is the time to figure out what your career goals are. From there, make decisions that will bring you closer to these goals.

Once you’ve made these three essential decisions, you’ll notice that you’ve become more confident to enter the world of grown-ups.