Chicago, IL (PRWEB) February 28, 2012
Clopton Capital, a provider of business loans, working capital and SBA loans is announcing the arrival fixed rates on both SBA 504 and SBA 7a loans. These small business loans are believed by the firm to be more advantageous and less risky for the borrower since it will be easier to predict the total cost of borrowing business capital or working capital on a fixed SBA loan. They believe this will help drive more business to their firm that they had previously been unable to acquire. This announcement is being made via their SBA loan website, SBABusinessLoanSource.com, CloptonCapital.com and this press release. They believe that it is necessary to establish themselves as soon as possible as a source for fixed interest rate working capital business loans since they believe many of their competitors are soon to do the same. “Being able to provide fixed interest rate SBA loans is definitely a breakthrough for us. I can safely say that this change will benefit us and even more so our clients”, said Jake Clopton, the founder of Clopton Capital.
Clopton Capital states that these fixed interest rate SBA loans have been made available roughly one week before the publishing of this release and that they are fully capable of accepting new SBA loan requests immediately. “This is really exciting to be able to offer these SBA loans as there have been few times in history when they were needed more. I imagine there will be a significant spike in business immediately following our current prospects and clients learning of this”, said Matt Reed, an associate of Clopton Capital.
For more information about Clopton Capital’s business loan services visit their website dedicated to them at CloptonCapital.com. To join their financial link exchange visit CloptonCapital.com/link.
http://tourism9.com/ http://vkins.com/
2012年2月18日星期六
Flooded businesses eligible for low-interest loans
Low-interest loans of up to $2 million are now available to small businesses, farms and nonprofits in Brevard and five other counties hit by heavy rains in early October, the U.S. Small Business Administration has announced.
The federal economic injury disaster loans will be provided to small businesses, agricultural cooperatives, aquaculture operations, and most private non-profit groups in Florida harmed by excessive rain, flooding and high winds that hit the region Oct. 7-9, 2011.
The five other eligible counties are Indian River, Martin, Okeechobee, Osceola and Saint Lucie.
“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster,” Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta, said in a release.
Under the declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related operations that suffered financial losses as a direct result of the disaster. With the exception of aquaculture, SBA can’t provide disaster loans to agricultural producers, farmers or ranchers, SBA said in the release.
The loans can be up to $2 million with interest rates of 3 percent for private non-profit groups and 4 percent for small businesses, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources.
The SBA determines the loan amounts and terms and are based on each applicant’s financial condition. The working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not happened. But they aren’t intended to replace lost sales or profits.
Completed loan applications must be returned to SBA no later than October 9, 2012.
Contact Waymer at 321-242-3663 or jwaymer@floridatoday.com
For information, call 1-800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or e-mail to disastercustomerservice@sba.gov.
Loan applications can be downloaded from www.sba.gov.
Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
You can also apply for disaster loans electronically from SBA’s website at https://disasterloan.sba.gov/ela/.
Completed loan applications must be returned to SBA no later than Oct. 9, 2012.
http://tourism9.com/ http://vkins.com/
The federal economic injury disaster loans will be provided to small businesses, agricultural cooperatives, aquaculture operations, and most private non-profit groups in Florida harmed by excessive rain, flooding and high winds that hit the region Oct. 7-9, 2011.
The five other eligible counties are Indian River, Martin, Okeechobee, Osceola and Saint Lucie.
“When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster,” Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta, said in a release.
Under the declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related operations that suffered financial losses as a direct result of the disaster. With the exception of aquaculture, SBA can’t provide disaster loans to agricultural producers, farmers or ranchers, SBA said in the release.
The loans can be up to $2 million with interest rates of 3 percent for private non-profit groups and 4 percent for small businesses, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources.
The SBA determines the loan amounts and terms and are based on each applicant’s financial condition. The working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not happened. But they aren’t intended to replace lost sales or profits.
Completed loan applications must be returned to SBA no later than October 9, 2012.
Contact Waymer at 321-242-3663 or jwaymer@floridatoday.com
How to apply
U.S. Small Business Administration loans available for those affected by Oct. 7-9 heavy weather:For information, call 1-800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or e-mail to disastercustomerservice@sba.gov.
Loan applications can be downloaded from www.sba.gov.
Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
You can also apply for disaster loans electronically from SBA’s website at https://disasterloan.sba.gov/ela/.
Completed loan applications must be returned to SBA no later than Oct. 9, 2012.
http://tourism9.com/ http://vkins.com/
2012年1月4日星期三
Pulp Funding: An Alternative Way To Finance Startups
Guest post written by Andy Sack
Andy Sack is co-founder of Lighter Capital, a Seattle-based provider of revenue-based financing.
Andy Sack: Who needs venture capital?In 1994, the Quentin Tarantino film Pulp Fiction made a Bible passage from the Book of Ezekiel (25:17) famous.
In today’s economy, it can be a real pain, if not impossible, for a small business owner or entrepreneur to find capital to fund small business growth. But for the few that do secure financing, their path has typically been beset on all sides by the inequities of banking institutions or the tyranny of venture capitalists.
There’s no denying that big banks have become increasingly difficult when it comes to issuing small loans – which regulators define as loans of $1 million or less, regardless of the size of the business. Recent FDIC data shows that the number of small bank loans to businesses has fallen to the lowest point in more than a decade. And the money that banks do lend is often issued at fixed rates that burden start-ups with unrealistic payments.
Meanwhile, the path to funding through institutional venture capital is no less painful. Venture capital, while illiquid, brings with it a high degree of “hands-on management,” outside pressure from investors and ultimately, and a greater loss of control by the entrepreneur. As soon as venture capitalists become involved, the founder’s role shifts from focused leader in full control, to full-time investor liaison where management decisions are collaborated upon.
So, how are today’s entrepreneurs expected to navigate this valley of financing darkness? Well, there’s an often overlooked financing model called revenue-based finance that is gaining a “shepherd-like” following from many of today’s small businesses.
The revenue-based finance model, sometimes called royalty-based finance (RBF), was introduced over 50 years ago and is again gaining popularity today. The RBF model provides a unique set of benefits to both the small business and the investor.
The RBF model is called a “non-dilutive” form of finance because the small business owner does not trade ownership in the company in exchange for cash. Instead, the loan is structured so monthly payments are a percentage of increased revenues. Additionally, the investor’s payout is capped to a specific amount that is paid out of the revenue the company earns within a specified time period.
Business owners benefit by receiving investment dollars to build their business (without losing ownership) and investors benefit by receiving increasing payments as revenues increase. The investor has purchased the rights to a portion of the revenue earned by the small business, but they have not purchased any other ownership of the business. The terms of the RBF model are typically negotiated to allow some time for revenue to accrue before payouts need to be made, and typically there is a time period limitation and a payout limitation that is included in the negotiated terms.
OneWed, a provider of wedding planning tools and websites, used a hybrid of revenue-based finance and equity when taking seed-stage investment from Founder’s Co-op in 2009.
http://tourism9.com/
Andy Sack is co-founder of Lighter Capital, a Seattle-based provider of revenue-based financing.
Andy Sack: Who needs venture capital?“The path of the righteous man is beset on all sides by the inequities of the selfish, and the tyranny of evil men. Blessed is he who in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother’s keeper, and the finder of lost children.”Most fans of the film will tell you that Samuel L. Jackson (as his character Jules Winnfield) would deliver the passage as “a coldblooded thing to say to a (expletive) before popping a cap in his (donkey).” However, for many of today’s entrepreneurs, the passage may be a better interpretation of how coldblooded the funding process can be for a small business.
In today’s economy, it can be a real pain, if not impossible, for a small business owner or entrepreneur to find capital to fund small business growth. But for the few that do secure financing, their path has typically been beset on all sides by the inequities of banking institutions or the tyranny of venture capitalists.
There’s no denying that big banks have become increasingly difficult when it comes to issuing small loans – which regulators define as loans of $1 million or less, regardless of the size of the business. Recent FDIC data shows that the number of small bank loans to businesses has fallen to the lowest point in more than a decade. And the money that banks do lend is often issued at fixed rates that burden start-ups with unrealistic payments.
Meanwhile, the path to funding through institutional venture capital is no less painful. Venture capital, while illiquid, brings with it a high degree of “hands-on management,” outside pressure from investors and ultimately, and a greater loss of control by the entrepreneur. As soon as venture capitalists become involved, the founder’s role shifts from focused leader in full control, to full-time investor liaison where management decisions are collaborated upon.
So, how are today’s entrepreneurs expected to navigate this valley of financing darkness? Well, there’s an often overlooked financing model called revenue-based finance that is gaining a “shepherd-like” following from many of today’s small businesses.
The revenue-based finance model, sometimes called royalty-based finance (RBF), was introduced over 50 years ago and is again gaining popularity today. The RBF model provides a unique set of benefits to both the small business and the investor.
The RBF model is called a “non-dilutive” form of finance because the small business owner does not trade ownership in the company in exchange for cash. Instead, the loan is structured so monthly payments are a percentage of increased revenues. Additionally, the investor’s payout is capped to a specific amount that is paid out of the revenue the company earns within a specified time period.
Business owners benefit by receiving investment dollars to build their business (without losing ownership) and investors benefit by receiving increasing payments as revenues increase. The investor has purchased the rights to a portion of the revenue earned by the small business, but they have not purchased any other ownership of the business. The terms of the RBF model are typically negotiated to allow some time for revenue to accrue before payouts need to be made, and typically there is a time period limitation and a payout limitation that is included in the negotiated terms.
OneWed, a provider of wedding planning tools and websites, used a hybrid of revenue-based finance and equity when taking seed-stage investment from Founder’s Co-op in 2009.
http://tourism9.com/
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