Tag: 10000

How Can I Get a $10,000 Loan for My Business With 1 to 3 Years Operating

In terms of business funding, the longer you have been in business, the better. There are some nuances to this you may not expect however. How can you get a $10,000 loan for your business when you have only been operating for 1 to 3 years?

How Long Have You Really Been in Business?

You may not have been in business as long as you think. At least, not in the eyes of credit issuers.

For example, if you have been doing business as a sole proprietor, and then decide to incorporate, some credit issuers will consider the date the business began to be the date of incorporation. Another thing that can affect time in business in the eyes of a lender is the date you open your business bank account.

Many lenders require a separate, dedicated bank account for your business, and they consider the date the business began to be the date the bank account was opened.

How Does Time In Business Affect Funding?

Generally speaking, the longer you have been in business, the more funding you can get. And you can also get better terms and interest rates when you have been in business longer.

There are not as many funding options when you have only been in business a year or fewer as there are when you have been in business 2 years, 3 years, or more. The longer you are in business, the more financing choices you will have.

$10,000 Loan Options for Companies with 1 Year in Business

When you were in business for less than one year, your funding options were pretty limited. There are ways to get money, but few of them are actually loans. These include:

  • The Credit Line Hybrid
  • Retirement and Investment Financing
  • Angel Investors
  • Venture Capital
  • Crowdfunding
  • And grants

You have more choices for $10,000 loan options once you get beyond a year in business.  Still, the Credit Line Hybrid in particular is a good choice regardless.

Credit Line Hybrid

A credit line hybrid is a form of unsecured funding. With it, you can get interest rates as low as 0%.  It’s a credit card stacking program, and many of the cards report to business CRAs. This means, you can build business credit while funding your business.

You need a good credit score or a guarantor with good credit to get an approval. For the Credit Suite Credit Line Hybrid, this is a FICO score of at least 680. No financials required, and a $10,000 loan which this program is more than doable.  That is because often you can get a loan of up to $150,000.

Be aware, some cards may report on your personal credit. That means it can affect your personal credit score as well, so be sure you make your payments.

$10,000 Loan Options with 2 Years In Business

With another year in business, you can access the above funding types, plus you have the possibility of a few more. Here are some examples:

Business Revenue Lending

Although you can technically qualify with only one year in business, the annual revenue requirement is high enough that applying later may make more sense. With a similar basis for getting funding, business revenue lending can be considered a reasonable alternative.

This is a way to raise capital from investors who get a percentage of the enterprise’s ongoing gross revenues in exchange for money invested. In a revenue-based financing investment, investors get a regular share of business income until a predetermined amount is paid.

Often this predetermined amount is a multiple of the principal investment. It can be between 3 – 5 times the original amount invested. Since repayment of the loan is based on revenues,  the time it takes to repay the loan will fluctuate. The faster revenue grows, the quicker you’ll repay the loan, and vice versa.

The percentage of monthly revenues committed to repayment can be as high as 10%. Furthermore, monthly payments will fluctuate with revenue highs and lows and will continue until you’ve paid back the loan in full.

The terms for the Credit Suite business revenue lending program are:

  • You must be able to prove consistent revenue verifiable through bank statements
  • Loan Amounts from $5,000-$500,000
  • 3-36 month terms
  • 10-1.45%
  • 500 credit score or higher, with no recent bankruptcies
  • Annual business revenue of $120,000 or more per year
  • Or business must bring in at least $15,000 monthly revenue with 6 months’ time in business
  • In business for a year or more
  • The business must do more than 5 small transactions each month
  • Financial services industries are prohibited

Cash Flow Financing with Fundbox

Fundbox makes cash flow financing easy. All they need is information relating to business cash flow when deciding whether to approve. You can get a revolving line of credit for up to $100,000. Fundbox will auto debit your weekly payment from your bank account.

Even better, you don’t need to show a minimum personal credit score or minimum time in business. You pay in equal installments over the course of a 12 or 24 week plan, and available credit replenishes as you pay. There is no penalty to repay early.

The business must be U.S. based and you need a 600+ personal FICO score. Other requirements include:

  • $100,000+ in annual revenue
  • A dedicated, separate business checking account
  • Ideally 6 months in business or more

Equipment Financing

Equipment financing is when you use a loan or lease to purchase or borrow hard assets for your business. It is a business financing option you can use to buy any physical asset. Physical assets can include items such as a restaurant oven or a company car.

When you get equipment financing through Credit Suite, you need at least one year in business. You can get approved even with challenged credit, and no financials are required.

$10,000 Loan Options After 3 Years on Business

After your company has been in business for at least 3 years, many more funding options become available. That is, in addition to those already listed. These include many of the more common options you have probably heard of.

SBA Loans

It’ll be easier to get an SBA loan the longer you’re in business. This is because you can more readily show your business is established, and making money. Demonstrating profitability and responsible credit and bank account management will improve your chances of getting an approval for an SBA loan.

SBA loans have great terms, so it is worth it to do what it takes to become eligible.

Term Loans

Banks are often the first place we think of when we think of financing. Yet, big banks only sign off on about 25% of the small business loan applications that come their way. Term loans often have lower interest rates than many other funding options. They also tend to be for higher loan amounts.

Generally speaking, the companies banks end up funding have:

  • Very strong financials
  • Near-perfect credit scores
  • Collateral

There Is More to Fundability Than Time In Business

It’s important to remember that credit issuers look at much more than just time in business. Obviously things like whether or not you pay your bills or even make a profit come under consideration. However, even if you are currently paying bills and making a profit, you may not get approval if you do not have the time in business.

The post How Can I Get a $10,000 Loan for My Business With 1 to 3 Years Operating appeared first on Credit Suite.

3 Simple Steps to Get Your First 10,000 Visitors from Google

Today’s going to be fun.

I’m going to make a bet with you that if you follow the 3 steps below, and you really follow them, you can get 10,000 visitors from Google.

I promise it won’t be hard, but it will take time.

And if you follow my steps and don’t get the results, hit me up and I will personally help you with your marketing.

All I ask is you do it for 3 months straight. You may not get to 10,000 visitors from Google in 3 months as some niches are really tiny, but most of you should get there or be well on your way.

Again, if you prove to me that you followed everything below and you don’t achieve the results, you can get in touch and I will personally help you with your marketing for free.

Ready?

Step #1: Finding the right keywords

If you pick the wrong keywords, you’ll find yourself with little to no traffic and, even worse, you’ll find yourself with little to no sales.

So, before we get you on your way to more search traffic,
let’s find you the right keywords.

I want you to head to Ubersuggest and type in your
competitor’s domain name.

Now, I want you to click on the “Keywords” navigational
option in the sidebar.

This report will show you all of the keywords that your competition is ranking for.

If you don’t see a list of thousands of keywords, that means you didn’t type in a big enough competitor. And if you don’t know who a big competitor is, just do a Google search for any major term related to your industry. The sites at the top are your major competitors.

I want you to go through the list of keywords and look for all of the keywords that are related to your business and have an SEO Difficulty (SD) score of 40 or less. The higher the number, the harder the keyword is to rank for. The lower the number, the easier it is to rank for.

In addition to an SD score of 40 or lower, I want you to look for keywords that have a volume of 500 or more.

Volume means the number of people that search for the keyword on a monthly basis. The higher the number, the more potential visitors that term will drive once you rank for it.

Next up, I want you to click on “Top Pages” in the
navigation.

This will bring you to a report that looks like this:

This report shows you the most popular pages on your
competitor’s site.

Now, under the Est. Visits (Estimated Visits) column, I want you to click on “view all” for the first few results.

Every time you do that it shows you all of the keywords that
drive traffic to that page.

Just like you did with the keywords report, I want you to look at the keywords that have an SD of 40 or lower and a volume of 500 or more.

The one difference though, is that I want you to check out some of the URLs on the Top Pages report.

Click on over to the site so you can see the type of content they are writing. This is important because it will give you an idea of the types of content that Google likes to rank.

When you create similar pages (I will teach you how to do this shortly), it will allow you to get similar results to your competition over time.

Now that you have a handful of keywords, I want you to expand the list and find other related keywords.

In the navigation menu, click on “Keyword Ideas.”

When you type in one of the keywords you are thinking of going after in this report, it will give you a big list of other similar keywords.

This is important because it will show you all of the
closely related terms.

For example, let’s say you came up with a list of keywords of a handful of keywords, such as:

  1. Dog food
  2. Cat food
  3. Dog bed
  4. How to clean your cat
  5. What do birds eat

You can’t just take all of those keywords and write one article and shove all the keywords in because they aren’t similar to each other. Someone looking for “dog beds” is probably not interested in reading about what birds eat.

So by typing in a keyword into the Keyword Ideas report, it will show you all of the other similar keywords that you can include in a single article.

When you are on the Keyword Ideas report you’ll notice some tabs: Suggestions, Related, Questions, Prepositions, and Comparisons.

I want you to go through each of those tabs. They will show you a different group of similar keywords that you may be able to include in your article (we will go over how to write the article in step 2).

Just take a look at the Questions tab:

You can see the keywords are drastically different than the Related tab:

Again, you’ll want to look for all keywords that have an SD score of 40 or lower. But this report looks for keywords that have a volume above 200.

I know 200 may seem like a small number, but if you find 100
good keywords that all have a volume of 200 or more, that adds up to 20,000
potential visitors per month. Or better yet, 240,000 per year.

Now it’s rare that you are going to get all of those people
to come to your site, but you can get a portion of them. Even 10% would add up…
especially if you did this with a handful of articles.

Your goal should be to have a list of at least 100 keywords that are very similar. You’ll want to do this at least five times. For example, remember that list of five keywords I mentioned above wasn’t too similar to each other…

  1. Dog food
  2. Cat food
  3. Dog bed
  4. How to clean your cat
  5. What do birds eat

You’ll want to make sure that for each main keyword you use the Keyword Ideas report to find another 100 that can accompany each keyword.

Step #2: Write content

At this point, you should have a list of keywords. If your list of keywords isn’t at least 100 keywords per group, go back to step 1 and keep at it.

It’s not that hard to get to 100 similar keywords that you can include in one article. It just takes some time to continually search and find them.

In general, as a rule of thumb, I can find 100 keywords in
less than 8 minutes. It may take you a bit longer than me at first, but once
you get the hang of it, it’ll be easy.

With your newly found keywords, I want you to write an article.

All you have to do is follow this tutorial step-by-step to write your first article.

Or, if you prefer a video tutorial, watch this:

As for your keywords, naturally place them into the article when it makes sense.

What you’ll quickly learn is that you probably won’t be able
to “naturally” include all 100 keywords within your article. And that’s fine.

The last thing you want to do is stuff in keywords because you aren’t writing this article for just search engines, you are writing it for people… and the secondary benefit is that search engines will rank it because it contains the right keywords.

Before you make your article live on your site, I want you
to keep a few things in mind:

  1. Keep your URLs short – Google prefers shorter URLs.
  2. Include your main keyword in your headline – by having your main keyword in your headline, you’ll be more likely to rank higher.
  3. Include your three main keywords in your meta tags – whether it is your title tag or meta description, include at least three main keywords in them. You won’t fit as many in your title tag, and that’s fine, but you should be able to within your meta description tag.

There are a lot of other things you can do to optimize your articles for SEO, but my goal is to keep this simple. Again, if you just follow these three steps, you’ll hit the 10,000-visitor mark.

So, for now, let’s just keep things simple and once you hit
your goal, then you can get into the advanced stuff.

Step #3: Promoting your content

Writing content is only half the battle. Even if you include the right keywords in your article, if you don’t promote, it’s unlikely that it would be read or rank on Google.

So how do you make sure your content is read and ranks well?

Well, first you need to get social shares, and second, you need to get backlinks.

Yes, search engines don’t necessarily rank pages higher when
they get more Facebook shares or tweets, but the more eyeballs that see your
page the more likely you are to get backlinks.

And the more backlinks you get, generally, the higher you will rank.

So here’s how you get social shares…

First, I want you to go to Twitter and search for keywords related
to your article.

As you scroll down, you’ll see thousands of people tweeting about stuff related to your keywords. Some of them will just be general updates but look for the members sharing articles.

And…

Now what I want you to do is click on their profile and see if they mention their contact information or their website. If they mention their email you are good to go. If they mention their website, head to it, and try to find their contact information.

You won’t be able to find everyone’s contact information,
but for the people you do, I want you to send them this email:

Subject: [insert the keyword you searched for on Twitter]

Hey [insert their first name],

I saw that you tweeted out [insert the title of the article they tweeted]. I actually have an article that I recently released on that subject.

But mine covers [talk about what your article covers and how it is unique].

[insert link to your article]

If you like it, feel free to share it.

Cheers,

[insert your name]

PS: Let me know if you want me to share anything for you on Twitter or any other social network.

What you’ll find is a large percentage of the people will be willing to share your content because they already are sharing related content and, of course, you offered to share their content, which helps out too.

If you send out 30 to 40 emails like this, you’ll start
getting traction on the social web.

Now that you have social shares, it’s time to build backlinks. Instead of giving you tons of link building methods as there are many that work, I am just going to start you off with one that works very well.

I want you to head back to the Keyword Ideas report on
Ubersuggest.

Once you get there, type in some of the keywords that you are trying to go after.

On the right side of the report, you’ll see a list of sites that rank and the number of backlinks that each of the ranking URLs has.

Click on the “Links” number. For each result, it will take you to the Backlinks report, which looks something like this:

This will give you a list of all the sites linking to your
competitor’s article.

I want you to go to each of those URLs, find the site owner’s contact information, and shoot them an email that looks like this:

Subject: [name of their website]

Hey [insert their name],

I noticed something off with your website.

You linked to [insert your competitor that they linked to] on this page [insert the page on their site that they are linking to them from].

Now you may not see anything wrong with that, but the article you linked to isn’t helping out your website readers that much because it doesn’t cover:

[insert a few bullet points on how your article is better and different]

You should check out [insert your article] because it will provide a better experience for your readers.

If you enjoyed it, feel free to link to it.

Cheers,

[insert your name]

PS: If I can ever do anything to help you out, please let me know.

I want you to send out 100 of those emails for each article
you write.

Conclusion

Yes, it takes work to get 10,000 visitors but once you do it you’ll continually generate traffic and, more importantly, sales.

To achieve 10,000 visitors, I want you to do the steps above five times. In other words, you will be writing five pieces of new content following the steps above.

It’s actually not that bad because you can just do 1 a week.
So, within 5 weeks you would have done your job.

So, are you going to accept the challenge? If you do everything and don’t see the results over time, you can hit me up and I’ll help.

The post 3 Simple Steps to Get Your First 10,000 Visitors from Google appeared first on Neil Patel.