Recently funded… $91,500.00 in Unsecured business cards!

Congratulations to our client in Oceanside, CA! He was very pleased to receive $91,500.00 in unsecured business cards.

This was a great push for his company, and he will be able to use it to increase revenue.

We take pride in seeing our clients succeed!

Click Here to see how much funding you can get for your business.

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How to Get a New Small Business Loan and Why It’s Better Than Crowdfunding

Why It’s Better Than Crowdfunding

When you own a business there is only one thing for certain. You are going to need funding. Where you get that funding is another story. There are a ton of options, and choosing the one that will work best for your needs is sometimes the most difficult part. Two of the most common options are small business loans and crowdfunding. For most, a new small business loan is going to be the best bet. We’re going to tell you how to get a new small business loan, and why it’s a better choice than some other funding options, specifically crowdfunding.

How to Get a New Small Business Loan: Business Funding Options

First, it can be helpful to know what your options are. There are many, but all are not created equal. Complicating things even more, there are multiple subtypes within many of the different available types of funding. Here is a quick overview.

Loans

This is money that you borrow and pay back over time, plus interest. The rate of interest, time you have to pay back the money, and the requirements to qualify for the loan vary widely between loan types and lenders. All of the variance is why many are so unsure of how to get a new small business loan.

Demolish your funding problems with our rock-solid guide about 27 killer ways to get cash for your business.

Lines of Credit

If you are trying to figure out how to get a new small business loan, there is no doubt you are going to start wondering about lines of credit also. A line of credit is similar to a loan in many ways. You apply for it the same way, generally through the same type of lender. The difference is that this is revolving credit, similar to a credit card. You only pay back what you use, and you use only what you need. The funds are there to draw from. But you do not have to pay back the full amount. Typically, the interest rates and terms are better than that of a credit card.

Factoring

Invoice factoring, or receivables factoring, is sort of a cash advance on outstanding accounts. If you need cash and have a ton of outstanding invoices or receivables, you can factor them and collect a portion of the cash.

The lender will pay you the value of the invoices, less a premium, and then collect cash on those accounts from the customers directly. The older the account is, the higher the premium is because there is a greater risk they will not collect. Therefore, if most of your accounts are 60 days or less, you may want to increase collection efforts on your own first and see what you can get.

Credit Cards

Most everyone knows how credit cards function. They are revolving credit, just like a line of credit. The difference is generally a higher interest rate, and sometimes there is an annual fee. One point that team credit card gets, though, is that some of them offer rewards such as cash back or airline miles.

Crowdfunding

Crowdfunding is a way to raise money for your business through investors. These are not your standard investors though. You choose a platform, like Kickstarter or Indiegogo, and create a campaign for your business. Platform users can then choose campaigns they wish to contribute to. Contributions range from $5 to $5,000 or even more. This is completely free money that you do not have to pay back, though you may need to offer an incentive or profit sharing of some sort to your investors.

Angel investors

These are investors, but they often function differently that regular investors as well. There are angel investment firms, where you can present a pitch and see what happens, but also a friend or family member can be an angel investor.

Grants

Grants for small business are just like grants for school. They are free money that you do not have to pay back. Sometimes they come in the form of an award for some type of contest. Competition can be fierce when it comes to grant funds. There is only so much money to go around and everyone wants it.

Grant funds are also often reserved for specific types of businesses based on who the owner is or the mission of the business. For example, a grant may be specifically for businesses that are environmentally minded, or for those businesses run by veterans, minorities, or women.

Which Funding Option is Best?

If you were wondering how to get a new small business loan, you may not be wondering if crowdfunding is better. Upon first glance it can appear that this is the case. Free money is always best. And if all you have to do is convince people to give, that’s even better, right? Crowdfunding offers seemingly unlimited free funds. You can collect whatever the people will give. In theory, this is true. If you look just a little deeper however, below the surface, there are some details that may surprise you.

First, you need to know that all crowdfunding platforms are different. The rules for how long a campaign can run and when you can collect your money vary from platform to platform. For example, Kickstarter will not allow you to collect your money until your reach your goal. If you do not reach your goal, you do not get any money. Indiegogo, on the other hand, allows you to choose if you collect as you go, or after you meet your goal.

The problem then becomes predictability. If you have time to sit back and leisurely raise money, this may work. Still, most people who need business funding need it like, yesterday. Waiting around for a campaign to reach its goal, or even collecting small amounts here and there will probably not cut it.

Another issue is the incentive that is often required. While incentives can range from a free product or some bauble like a keychain or even a thank you note, the most successful ones are substantial. More than one business has found itself in trouble trying to make good on crowdfund campaign promises.

What You Need to Know

Loans are truly a better option for most, so you do need to know how to get a new small business loan when the time comes. They are predictable and, while you do have to repay with interest, you have some control over the terms and rates.

Not only that, but those payments can help you build credit. That, in turn, will allow you to get better terms and rates, as well as potentially more money in the future. In addition, an institution where you already have a loan will be more likely to approve you for additional loans, assuming you consistently pay on time. Running a second crowdfunding campaign may not be as fruitful, even if you have success with the first one.

How to Get a New Small Business Loan

The process of getting business loans can be overwhelming. We break it down for you so you can get the funds you need to start or grow your business as soon as possible.

Shop Around

The first step when considering how to get a new small business loan is to shop around. Find a lender that has the loan product that best fits your needs. Find the loans with the best terms and interest rates, then check their eligibility requirements to see if you apply. There are a few different types of lenders you can choose from.

Large banks
Smaller community banks
Credit Unions
Online Lenders

Which one you choose will depend on a number of factors. Large banks do not typically work well with small businesses. But that does not mean you shouldn’t see what they have to offer. In general, small banks and credit unions will have the best terms and rates, in that order, but the process can still be lengthy.

Demolish your funding problems with our rock-solid guide about 27 killer ways to get cash for your business.

If credit or timing is an issue, online lenders may be the best bet. While their interest rates are not typically as low, they are often more flexible on minimum credit score than traditional lenders. The option with most to do the entire application online means you can get your funds quicker as well. In some cases you can get funds in as little as a few days with approval in as little as 24 hours.

The Small Business Administration

It is impossible to figure out how to get a new small business loan without a discussion about The Small Business Administration, or SBA. This is a government agency that offers support and resources to small businesses. Though they do not directly lend funds, they do work with local lenders to help small businesses get the money they need.

When you are looking at how to get a new business loan, you definitely need to consider researching lenders that work with the SBA. While not all small businesses will benefit from an SBA program, many will. Their programs are meant to make it easier for businesses that may not qualify for loans on their own to get the funds they need.

Pay Attention to SBA Loan Programs

You can’t figure out how to get a new small business loan without knowing what programs the SBA offers. There are those meant specifically for working capital, as well as those designed more for equipment and real estate purchases. Following is a breakdown of a few of the most popular SBA loan options.

7(a) Loans

This is the Small Business Administration’s main loan program. It offers federally funded term loans up to $5 million. The funds can be used for a number of things including: expansion, purchasing equipment, working capital and more. Banks, credit unions, and other specialized institutions in partnership with the SBA process these loans and disburse the funds.

There is a minimum credit score requirement of 680 to qualify. In addition, they also require a down payment of at least 10% for the purchase of a business, commercial real estate, or equipment. A business must have been in operation for 2 years to qualify. In the case of startups, business experience equivalent to two years will work.

This is the most popular of the SBA loan programs. Funds are available for a broad spectrum of projects, from working capital to refinancing debt, and even buying a new business or real estate.

504 Loans

504 loans are available for up to $5 million. Funds from these loans can buy machinery, facilities, or land. They are generally used for expansion, and private sector lenders or nonprofits process them. 504 loans work especially well for commercial real estate purchases.

Terms range from 10 to 20 years, and funding can take from 30 to 90 days. The minimum credit score is 680, and collateral is the asset the funds are financing. There is also a down payment requirement of 10%, which can increase to 15% for a new business.

This loan requires you to be in business for at least 2 years, the same as the 7(a) program, or management has to have equivalent experience if the business is a startup.

Microloans

Microloans are available in amounts up to $50,000. They are best for starting business purchases such as equipment, inventory, or just general working capital. Community based non-profits administer microloan programs as intermediaries, with financing coming directly from the Small Business Administration.

Interest rates on these loans are 7.75% to 8% over the lender’s cost to fund. Terms go out to 6 years. They can take 90 days or more to fund. The minimum credit score is 640, and the collateral and down payment requirements vary by lender.

SBA disaster loans

Available in amounts up to $2 million, these loans are actually processed directly through the SBA. They are available to small-business owners that have been affected by natural disasters. Terms go up to 30 years. The maximum interest rate is 4%. You can apply for disaster loans directly at SBA.gov.

Demolish your funding problems with our rock-solid guide about 27 killer ways to get cash for your business.

The minimum credit score for disaster loans is 660. Collateral is necessary if the loan goes over a certain amount, usually $25,000. If collateral is not available at the time, then it is can wait until it becomes available. For a military economic injury disaster, the amount at which collateral is necessary increases to $50,000. A down payment is not a requirement either way.

SBA Express loans

Express loans from the SBA max out at $350,000. Interest rates are capped at 11.50%. Terms range from 5 to 25 years. The SBA guarantee is less than with their other loan programs at 50%. You must have a credit score of at least 680 to qualify. If your debt-to-service ratio is less than 1:1, you will not be eligible. Depending on the lender, there may be a collateral requirement for loans over $25,000.

They are not called express loans for nothing. The turnaround time is substantially faster than others, with the SBA taking up to 36 hours to give a decision. There is less paperwork with the application process as well, making express loans a great option for working capital, among other things, if you qualify.

SBA CAPLine

There are 4 different CAPLine programs that vary mostly in the expenses they can fund. Each allows a maximum amount of $5 million and an interest rate that ranges from 7% to 10%. It can take 45 to 90 days to get funding.

The four different programs are:

Seasonal CAPLines – Financing for businesses preparing for a seasonal increase in sales.
Contract CAPLines – Financing for business that need funding to fill a contract.
Builder’s CAPLines – Financing for businesses taking on a real estate or construction project.
Working capital CAPLines – Financing for businesses that are struggling with a short-term slump in sales.

You must have at least a 680 credit score to apply. But there is no minimum time in business requirement unless you are getting a seasonal CAPLine, which carries a one year in business requirement.

SBA Community Advantage Loans

This is a pilot program set to either expire or extend in 2020. It’s designed to promote economic growth in underserved markets. Credit decision makers overlook factors such as poor credit or low revenue if the business has the potential to stimulate the economy or create jobs in underserved areas.

Loan amounts range from $50,000 to $250,000 with a maximum interest rate of 11%, while terms range up to 25 years.

How to Get a New Small Business Loan with Other Programs

The SBA also offers these additional programs that may be helpful.

Veterans Advantage– General-use business loans with no guarantee fee for majority veteran-owned small businesses.
International Trade– General-use financing for businesses actively involved in international trade or hurt by competition from imports.
Export Working Capital Program– Short-term working capital for exporters backed by invoices or other business assets.

How to Get a New Small Business Loan: Be Prepared

After you choose which loan or loan program will work best for your business, it’s time to dig in. Unless you are using an online lender where the entire application process takes place online, you are likely going to spend a significant amount of time on this process.

Regardless of the lender, preparation is key to time savings and success. While all lenders are different, some information is pretty standard across the board. You almost always need to have ready information related to:

Past 3 years tax returns (business and personal)
Business financial statements for the past 3 years, or 3 years’ of projections for startups.
A professional business plan.
A budget for the loan funds.

Of course, this is not an exhaustive list, but having these things ready to go will save you significant time during the application process.

Keys to How to Get a New Small Business Loan: Shop Around

There is no doubt that, for many reasons, a business loan works better than crowdfunding in almost every case. It is both more reliable and more predictable. Very few crowdfunding campaigns work out, while there are lenders with loan products for almost every situation.

Rather than creating elaborate crowdfunding campaigns, spend your time researching lenders and loan programs that best fit your needs. Once you find what you are looking for, gather the information you know they will need, and be prepared to provide anything else they may ask for. This is a great place to start when trying to figure out how to get a new small business loan.

The post How to Get a New Small Business Loan and Why It’s Better Than Crowdfunding appeared first on Credit Suite.

Awesome – Get Fair Credit Business Credit Cards

The Absolute Best Fair Credit Business Credit Cards

We looked at a lot of fair credit business credit cards, and did the research for you. So here are our choices.

Per the SBA, company credit card limits are a whopping 10 – 100 times that of personal credit cards!

This demonstrates you can get a lot more cash with small business credit. And it also means you can have personal credit cards at retailers. So you would now have an extra card at the same shops for your company.

And you will not need collateral, cash flow, or financial data in order to get company credit.

Fair Credit Business Credit Cards: Advantages

Benefits can differ. So, make certain to select the perk you like from this variety of fair credit business credit cards and reasonable alternatives.

Fair Credit Business Credit Cards

Capital One® Spark® Classic for Business

For fair credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. The card earns an unlimited 1% cash back on all purchases. There is an annual fee of $0.

With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.

But BEAR IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Wells Fargo Business Secured Credit Card

For another choice in fair credit business credit cards, take a look at the Wells Fargo Business Secured Credit Card. It charges a $25 yearly fee per card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000) and it is designed to help cardholders establish or rebuild their credit.

Choose if you want to earn 1.5% per dollar in purchases with no limits or get one point for every dollar in purchases. You also earn 1,000 bonus points for every month your company makes $1,000 in purchases on the card.

Details

Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed.

And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed and depends on factors including how you manage this and your other accounts.

APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a card for balance transfers.

Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Credit Builder Company Credit Cards – Make Your Credit Surge!

Build your credit and you will end up no longer needing fair credit business credit cards.

Discover it® Student Cash Back

Be sure to check out the Discover it® Student Cash Back card. It has no annual fee. The credit card also offers a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.

One one-of-a-kind feature is that it provides an incentive for students to maintain good grades with a $20 statement credit. If students earn a GPA of 3.0 or better each school year, the card will award the $20 statement credit each year for up to five years.

Details

Use this card to build personal credit. While this is a personal credit card versus a company card, for new credit users, their FICO scores will be important. And this credit card provides an excellent way to raise FICO while also getting rewards.

You can earn 5% cash back at different places each quarter such as grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this credit card offers unlimited 1% cash back on all purchases.

In the initial year, all cash back rewards are matched 100%.

Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is more. And though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Reliable Low APR/Balance Transfers Business Credit Cards

Cards for transferring balances are another great alternative to fair credit business credit cards.

Discover it® Cash Back

Check out the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.

After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based upon the Prime Rate.

Details

You can get 5% cash back at different places every quarter. So, these are establishments like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Plus, automatically get unlimited 1% cash back on all other purchases.

You will get an unlimited dollar-for-dollar match of all the cash back you have earned at the end of your first year, automatically.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Company Credit Cards with 0% APR – Pay Absolutely Nothing!

Cards with 0% APR can make for a terrific alternative to fair credit business credit cards.

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no annual fee and comes with a 0% introductory APR on purchases for the first nine months. Afterwards, the card has a 13.24 – 23.24% variable APR

Earn 3 points/dollar spent when you book travel with the Bank of America Travel Center and 1.5 points/dollar on all other purchases. You can earn unlimited points and points never expire.

Details

There is a 25,000-point sign-up bonus when you spend $1,000 in the initial 60 days of opening up the account. Cardholders get travel accident insurance, and lost luggage reimbursement.

They also get trip cancellation coverage, trip delay reimbursement and other perks.

There is no introductory rate for balance transfers. Also, bonus categories are limited.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/

JetBlue Plus Card

Have a look at the JetBlue Plus Card for an additional offer of a 0% introductory APR

Get six points/dollar on JetBlue purchases, two points/dollar at eateries and grocery stores. And get one point/dollar on all other purchases.

Details

Spend $1,000 in the initial 90 days and pay the annual fee, and get 40,000 bonus points. New cardholders receive a 12 month, 0% initial APR on balance transfers made within 45 days of account opening.

Afterwards, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based upon creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.

There is a $99 annual fee for this card.

Get it here: https://cards.barclaycardus.com/cards/jetblue-card/

Outstanding Business Credit Cards with No Annual Fee

Not paying an annual fee is always helpful. Cards with this feature are a great alternative to fair credit business credit cards.

Uber Visa Card

Check out the Uber Visa Card. Uber is the very first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.

The card provides 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, earn 3% back on hotel, airfare and vacation home rentals. And get 2% back on online purchases.

So, this includes retailers and subscription services like Uber and Netflix. And get 1% back on all other purchases. Each percent/point has a value of 1 cent. Redeem points for cash back, gift cards or Uber credits directly in the app.

By spending a minimum of $500 in the first 90 days, users can earn a $100 sign-up bonus. Cardholders spending a minimum of $5,000 annually are eligible to receive a $50 credit toward online subscription services.

Details

If you pay your cellphone bill with this card, you are insured up to $600 for cellphone damage or theft.

Cardholders are eligible for exclusive access to certain events and offers. Uber anticipates the majority of these offers to be available in major cities like New York, San Francisco, Los Angeles, Chicago and DC. There is no foreign transaction fee.

But there is no introductory rate. The APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range.

Also, there are restrictions on Uber credits. To redeem points as credits in the Uber app, accrue at least 500 points, or $5. Cardholders can convert a maximum of 50,000 points, or $500, in a given day.

Get it here: https://www.uber.com/c/uber-credit-card/

Costco Anywhere Visa® Business Card by Citi

Not taking Uber? Then you’ll need to fill your gas tank someway. Why not do so with the Costco Anywhere Visa® Business Card by Citi?

This card earns cash back with every purchase. Earn 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Get 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.

Keep in mind: the $0 annual fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.

Also, there is no sign-up bonus available with this card.

Get it here: https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=Citi-costco-anywhere-visa-business-credit-card

Ink Business Cash℠ Credit Card

Look at the Ink Business Cash ℠ Credit Card. Companies can earn cash back with every single purchase. Spend $3,000 in the first three months from account opening. And you’ll earn a $500 bonus cash back.

There is a $0 yearly fee with a 0% introductory APR for 12 months on purchases and balance transfers. Afterwards, the APR is a 15.24 – 21.24% variable.

The card features travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.

Details

Earn extra cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.

Note: this card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is greater. Also, there is a foreign transaction fee of 3%.

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-cash

United MileagePlus Explorer Business Card

Get a good look at the United MileagePlus Explorer Business Card.

Earn 2 miles/dollar with United and at restaurants, filling stations and office supply stores. All other purchases get 1 mile/dollar. Earn a 50,000-mile sign-up bonus after spending $3,000 in the initial three months from account opening.

Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.

Details

Also, get two United Club passes annually. And get hotel and resort perks including upgrades. Additionally, get early check-in and late checkout. And get an auto rental collision damage waiver.

Also, get baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance. Finally, get trip delay reimbursement, purchase protection, price protection and concierge service.

After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.

Get it here: https://creditcards.chase.com/small-business-credit-cards/united-mileageplus-explorer-business

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Starwood Preferred Guest® Business Credit Card from American Express

Another possibility is the Starwood Preferred Guest Business Credit Card from American Express.

This credit card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Earn six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.

And get four points per dollar at American restaurants, American gas stations, and on US purchases for shipping.

Also, earn four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, earn two points per dollar.

Details

Get 75,000 bonus points when you spend $3,000 in the initial three months of account opening. Benefits include free in-room premium internet access, Sheraton Club lounge access, and purchase protection.

Plus you get car rental loss and damage insurance. And you get baggage insurance. There is also a global assistance hotline. And there is a roadside assistance hotline. And get travel accident insurance and extended warranty coverage.

The biggest issue is the annual fee. There is a $0 introductory annual fee for the first year, then it’s $95 after that. Plus there is no 0% introductory APR. Instead, there is a 17.74 – 26.74% variable APR

Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/spg-amex-starwood-credit-card

Terrific Cards for Cash Back

Capital One® Quicksilver® Card

Take a look at the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits to the amount of cash back rewards which cardholders can earn. Also, the card has a $0 yearly fee.

New cardholders have a 0% APR on purchases and balance transfers for the first 15 months after opening the account. Then afterwards they have a 14.74 – 24.74% (variable) APR after that.

A cash bonus of $150 is available for those who make a minimum of $500 in purchases in 3 months of account opening.

Details

Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.

This card also offers travel accident insurance. And you get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.

Downsides are the flat reward rate, not allowing for any more than that. And the higher APR after the first 15 months.

Get it here: https://www.capitalone.com/credit-cards/quicksilver/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines.

Small Business Credit Cards for Luxurious Travel Points

IHG ® Rewards Club Premier Credit Card

Take a look at the IHG ® Rewards Club Premier Credit Card. it earns hotel rewards worldwide. For each dollar spent at participating IHG hotels, get 10 points. Get two points per dollar spent at gas stations, grocery stores and restaurants.

Plus all other purchases earn one point. New cardholders can get an 80,000-point sign-up bonus when they spend $2,000 in the first three months of account opening.

Details

This card provides a free one-night hotel stay per year. Plus there is a variety of benefits like travel and purchase coverage and an upgrade to Platinum Elite status with the IHG Rewards Club. The club offers complimentary room upgrades when available and guaranteed room availability.

The most significant issue is that the card does not offer a zero percent APR introductory rate. And the standard APR is 17.99 – 24.99% variable. Also, the annual fee is $89.

Get it here: https://creditcards.chase.com/a1/ihg/premiernaep

Unbeatable Cards for Jackpot Rewards

Ink Business Preferred ℠ Credit Card

Get a look at the Ink Business Preferred Credit Card from Chase. Cardholders earn 3 points for every dollar spent on travel, shipping, internet, cable, phone and qualifying advertising with the card. So, this is up to $150,000 each year. And all other purchases earn an unlimited one point per dollar spent.

This is a Visa credit card.

Cardholders get benefits like purchase protection, trip cancellation or interruption insurance. They also get cellphone protection. And they get extended warranty coverage. And they get an auto rental collision damage waiver.

Details

Earn 80,000 bonus points when you spend $5,000 in the first 3 months from account opening. There is an annual fee of $95. You can add employee credit cards at no additional cost.

This credit card only offers 3 points per dollar to a limit of $150,000 a year. So, this is for travel, shipping, internet, cable, phone and qualifying advertising. All other purchases earn an unlimited flat rate of one point per dollar. And there is no introductory APR

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred

The Best Fair Credit Business Credit Cards for You

Your absolute best fair credit business credit cards hinge on your credit history and scores.

Only you can select which features you want and need. So make sure to do your homework. What is excellent for you could be disastrous for somebody else.

And, as always, make sure to establish credit in the recommended order for the best, fastest benefits.

The post Awesome – Get Fair Credit Business Credit Cards appeared first on Credit Suite.

Reach Your Optimal Work Time and More –10 Brilliant Business Tips of the Week

The Hottest and Most Brilliant Business Tips for YOU – Reach Your Optimal Work Time and More

Our research ninjas at Credit Suite smuggled out ten amazing business tips for you! Be fierce and score in business with the best tips around the web. You can use them today and see fast results. You can take that to the bank – these are foolproof! Get to the optimal work time for you and your employees and stop wasting time!

Stop making stupid decisions and start powering up your business. Demolish your business nightmares and start celebrating as your business fulfills its promise.

And these brilliant business tips are all here for free! So settle in and scoop up these tantalizing goodies before your competition does!

#10. This is the Good Kind of Enabler

Our first jaw-dropping tip is all about sales enablement. Mail Shake says it’s the act of helping someone better reach the objective of making a sale. Here at Credit Suite, those terrific folks are called the Setters Team.

The best thing people in sales enablement do is smooth the way for sales to do its thing. Sales will make more sales and be more successful if they know their prospects better. And they get this knowledge from the people in sales enablement.

But that’s not where sales enablement stops. The sale doesn’t end the relationship.

Post-Sales Enablement

Your customers won’t like it if they’re buttered up and sold to and promised to and then dropped like yesterday’s news.

Can you honestly blame them?

So there’s another piece of the sales enablement puzzle. This is maintaining the relationship. The sales enablement team is extraordinarily helpful here as their work frees up the sales team to concentrate on getting new sales.

The sales enablement team is, of course, the perfect group to ask if the customer is happy. Maybe their circumstances have changed and they can benefit from an upsell. Or maybe there’s something which just annoys them about your product or service. Giving your customers empowerment and listening to their concerns is extremely helpful when it comes to retention and renewal.

Your goal should always to be to surprise and delight your customers. A sales enablement team can make it easier to do just that.

#9. Keep Your Facebook Pictures the Right Size and Reap the Rewards

The next awesome tip is about Facebook ads. Wordstream notes the main image size for Facebook has been 1200×628 for several years now. But that’s not the only image size you can use on the largest social media platform on the planet.

The article is just fantastic as it goes into exquisite detail on the sizes and where you should use them. It also outlines the advantages and disadvantages of each type.

In fact, this article goes into where in the customer sales journey you should use each type of image. This is an outstanding amount of free information in one short article. We highly recommend bookmarking it and referring back to it frequently.

Yes, it’s that good.

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Reach your optimal work time today.

#8. Customer Loyalty Rocks!

Our following life-changing tip concerns customer loyalty programs. Sleek Note lays it all out for us.

You’ve seen these in a thousand places by now. It’s the card your local coffee shop gives you and, once you get the eleventh punch, you get your twelfth latte free. Or maybe you get a muffin. We might be hungry ….

This article adds a few twists to the genre. One is what we all know as Amazon Prime – pay for the privilege of saving money. Which seems weird when we put it that way, eh? But the bottom line with Amazon Prime (and the article’s example, Barnes & Noble) is you are paying for more than a discount. It’s also faster, free delivery and a greater selection.

Save the Planet With Your Customer Loyalty Program

Say what? The Body Shop ties its loyalty program to charity. They know their clientele cares about the planet and about animal testing. The logical extension of that is animal welfare in general. Hence, beyond offering the usual perks, The Body Shop lets you donate your points to a specific animal welfare charity, Born Free USA.

The Community Approach

Plus there’s Sephora. In addition to offering products and discounts, they bring access to an exclusive club of like-minded users. Hence they get a commitment that goes beyond the free makeup samples they provide on your birthday. Pretty cool, huh?

#7. Get a Bigger and Better Email List

Speaking of loyalty, for our next sensational tip, we looked at growing your email list. WP Beginner says that the tried and true methods can help your business, too.

Signups Galore

Make it easier for people to sign up for your emails. Don’t make them hunt for how to do this. In fact, the article gives a number of places on a website or in a blog post or other webpage where you can add a signup form.

Perhaps our favorite tip is to use multiple signup forms. After all, your customers are individuals. Treating them all like one, big monolith isn’t going to get you sales or win you any fans.

Dovetailing with this is the idea to create multiple lead magnet pages. A lead magnet essentially offers added value for your customers and prospects. Hence you’re offering 5% off or the like, most likely clearly on your signup form.

Treating customers and prospects like individuals will go a long way in all aspects of your business.

Twitter to the Rescue!

Then there’s Twitter. Users can even sign up for your mailing list without having to leave Twitter. Now that’s convenient.

#6. Solve Problems and Make Your Business Better

This tip is so helpful, and it works! Startup Professionals tells us all about successful business problem solving.

There are a number of actionable tips, including acknowledging a problem exists, and verbalizing the problem.

So we recommend reading the article in its entirety. But first, a real life story.

Personal Conflict and How Hard It’s to Get Transportation in Some Parts of the US

So.

My darling cousin got married a few years ago, in the western part of Westchester County, New York, near Dobbs Ferry. The venue was beautiful, and it was right at the peak for foliage.

There was just one problem.

Your intrepid blog writer lives in Boston. My brother lives just outside DC. Our elderly parents live pretty far out on Long Island. We were at odds as to how to get there.

Flying was a bad idea as the closest airport was still over a half an hour away, and everyone had so much stuff to take, we’d all be over the weight limits. This was a three-day weekend extravaganza, after all.

This problem was solved by figuring out what worked best for all. This turned out to be a train for my husband and me, and driving for my parents and brother. My parents got us, and I was able to drive the rest of the way and do all of the driving while at the event. Plus I drove back to the Newark train station when it was time to go. So the folks didn’t have to drive quite so much.

And having two cars for the event meant flexibility and comfort.

How Do You Apply This to Business?

It all came down to negotiations. And it also came down to recognizing how fulfilling others’ needs also fulfilled our own. It also meant embracing the fact that the solution wasn’t a perfect one. After all, my parents still had a few hours of driving to do after the train station. But at least it was better than without us.

So consider looking outside yourself and your own needs and think about the other person’s. What satisfies them just might help you out, too. But you will never know if you just sweep your company’s problems under the rug all the time.

#5. Reach Your and Your Employees’ Optimal Work Time

Grab this mind-blowing tip while it’s hot!

Your and your employees’ optimal work time is a vital decision for you to make when hiring.

What do we mean by that? The question is, which is better for your needs: full-time, part-time, or temp?

Effortless HR says there are a number of factors to take into consideration. It’s not just about the money!

Your Employees’ Optimal Work Time and Their Productivity

How fast are your employees at doing their tasks? If Susan gets the same task done in half the time that Dave does, do you make her a part-timer? Truth is, we think that’s kind of unfair. Is she getting punished for efficiency?

Don’t we all want more efficient employees? So why work with them less?

So, we were happy to see this article didn’t push for that. Rather, the idea is to see how much can get done – but productivity can only be improved so much. Plus, we think you should be concerned with your workers’ health and well-being. Bring a slave driver isn’t good for anyone. All that does is increase absence and turnover.

One exceptional point the article makes about optimal work time is that two part-time workers don’t quite equal one full-timer. Part of this is due to more flexible work schedules which many part-timers get as their due. And another part is double the training, more sick days, more slow days, more ramp-up time, etc. Saving on paying full benefits just might not be worth it.

What if Temping is Your Employees’ Optimal Work Time?

We see this in retail all the time. As the holidays wind up, more and more people will get a job in malls and stores. Or it might be a second job for them, to pay for gifts or get ready for tax season or whatever.

And then once the holidays are over, those people will experience layoffs.

Er, you didn’t think Santa’s helpers worked in the mall all year ‘round, now, did you?

And of course tax season reminds us of the people with advanced math skills and accounting degrees who can get temp work as tax preparers and reviewers.

If your business is seasonal in nature, temping might be the optimal work time for most of your employees. If you sell swimming pools, you probably aren’t seeing a lot of sales action in November. So why not stay on good terms with those folks and rehire them when the weather gets hot again?

Even non-seasonal businesses might have big projects where they temporarily need more hands on deck. It’s another option for filling your staffing roles and giving your non-temp employees their own optimal work time, too.

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Reach your optimal work time today.

#4. Marry Social and Email Marketing

Check out this spectacular tip, all about combining the power of social and email marketing. The Self Employed notes that the return rates from email marketing are far better than those from social.

And that makes sense, as email is something which goes straight to your customers and prospects, whereas social postings are subject to platform rules and algorithms. Of course your audience won’t necessarily open your emails. They might bin them, or their email programs might. Or they might skim and then hit unsubscribe.

But there is still a better chance of reaching them this way.

So, Why Bother With Social If Email is So All-Fired Awesome?

Because you can cross platforms, folks!

What this means is, you want to have an email newsletter signup form on your Facebook page. And you want to use snippets from the newsletter on Facebook and Twitter, along with a link to subscribe.

In return, you also want to ask your newsletter subscribers to share your content with their social networks.

But the best part is creating and using a common calendar. Synergize the newsletter and the social media folks so they are quite literally on the same page. That’s where the magic happens.

#3. Control Your Inventory Before it Controls You

It’s not your imagination: this winning tip can help you better manage your company’s inventory. T Sheets tells us that good inventory management can make for a far better customer experience. After all, if you can’t find what they need, or they can’t, or it takes to long to get to them, guess what?

They’ll go to someone else. Someone who has their inventory act together. Very ouch.

Dropshipping Can Save Your Bacon

Our fave tip was to embrace dropshipping. The truth is, we think many businesses can benefit from it. Dropshipping is when you pay someone else to deliver your goods for you.

By working directly with a dropshipping company, you are working with a transport specialist. They will have a better idea of when to start the process, which form of transport to take, etc.

Concentrate on selling your widgets and let someone else handle the headaches of maintaining a fleet and all that it entails. Yes, you will have to pay a fee for shipping. But if you get more time to perfect your product and improve your prospects’ customer journey.

Leave the driving to someone else.

#2. The Holiday Shipping Season is Coming – Ready or Not!

Our second to last unbeatable tip can give you a new perspective on holiday shipping. Fundera reveals all about the busiest time of year – it’s coming faster than you think!

Being ready is, of course, far superior to not being ready. So, here’s how.

One of the best tips is to understand just what are the absolute, last days you can ship in order to make an Xmas delivery. These dates differ from FedEx to UPS and the Post Office, so know those days!

FYI this year Chanukah overlaps Xmas, running from December 22 to the 30^th so there may be more deliveries right around the 24^th and 25^th than in most years.

Give Your Customers Many Happy Returns

We loved this tip, and we know a lot of people will use it. The idea is to, quite simply, make returns easier and more convenient. And, of course, keep a written return policy if you don’t have one already.

Don’t wait until the last minute, when your staff is up to their elbows in sweaters that people didn’t like. Have a policy so they know it and can wield it. And making the process easier can make new customers. They might decide that your return process is so excellent, they would like to do business with you. It can happen!

#1. Adopt an Attitude of Gratitude When It Comes to Your Customers

We saved the best for last. For our favorite remarkable tip, we focused on gratitude and how to thank your customers. The SBA says thanking your customers may not be 100% altruistic on your part.

But you should do it anyway.

Our favorite tip was the one which is the vaguest – offer a little something extra, and make it clear it’s in thanks for them being your customer. The kicker is for it to be a surprise.

Don’t look now, but here’s an upgrade! Surprise – free shipping! Woot, here’s 10% off, just because! Or maybe a little something comes in the snail mail. A card, a gift card, flowers, a fruit basket? Only you know what your customers want, need, and will appreciate.

As always, the only limits are your budget, your time, and your imagination.

So which one of our brilliant business tips was your favorite? And which one will you be implementing now?

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Reach your optimal work time today.

The post Reach Your Optimal Work Time and More –10 Brilliant Business Tips of the Week appeared first on Credit Suite.

Haunted by Bad Personal Credit? You Can Get Business Credit with Bad Personal Credit

Bad personal credit doesn’t have to keep you from successfully starting and running a business. Your business can build its own credit, known as business credit. You can get business credit with bad personal credit. There is a very specific process you have to follow however. It isn’t hard, but it doesn’t happen on its own, either. You have to be intentional. We’ll show you how.

4 Rules for Surviving Business Credit with Bad Personal Credit: Don’t Let Bad Personal Credit Scare You Out of Business

You know that feeling you get when you are watching a spooky movie? Even if everyone on the screen looks happy, you know that something bad is lurking just around the corner. Trying to run a business with bad personal credit can feel the same way. Even if things are going well, you know that eventually you may need to borrow money. You also know that your bad personal credit score is going to choose that exact moment to jump out at you. Just like that, the good times could be over.

It doesn’t have to be a blood bath though. There can be a happy ending. We are going to show you how to survive to the end, just like those characters that are still alive at the end of the movie. It’s called business credit, and you can build business credit even with bad personal credit. Your past personal financial issues can’t stop you. Whatever point you are at in your business, now is the time to get started. The enemy is lurking. It’s time to start fighting back.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Light the Fire to Forge Business Credit with Bad Personal Credit

The first that happens in any movie when a weapon is being forged is they light a fire. Here is how you light the fire of business credit. You have to make your business appear to lenders as a fundable entity separate from yourself. You want them to see your business on its own merits, separate from your personal credit history.

Separating your business from yourself if the first essential step in building business credit with bad personal credit. It is easiest to do this when you set up your business initially, but it is never too late. If you are already operating, do it now. Here’s how you start.

The Rules of Surviving Business Credit with Bad Personal Credit

According to the popular 90s movie “Scream,” there are rules for surviving to the end of a scary movie. For example, don’t drink or do drugs, and never say “I’ll be right back.” Those people are the first to die. When it comes to separating your business from yourself for building business credit, even with bad personal credit, there are rules as well.

First Rule of Getting Business Credit with Bad Personal Credit: You Have to Incorporate

Formal incorporation is non-negotiable. If you operate as a sole proprietorship or a partnership, your personal credit will always find you. It is not possible to have the separation you need to get business credit with bad personal credit without incorporating. Not only that, but it will also help with liability protection.

What is negotiable, however, is the form of incorporation you choose. They all offer differing levels of protection, and the costs associated with each option varies. For the purposes of building business credit, they all work the same. Choose the option that works best for your needs and budget. Here’s a little about each one.

Corporation

This is the most expensive option, but it also offers the most protection from liability. There is a double taxation caveat with this option that is a turn off for most. Owners pay tax at both the business level and the shareholder level. In some cases, this is the best option anyway.

S-Corp

S-Corps are very similar to corporations, but double taxation isn’t an issue. There are also limits on the number of shareholders allowed among other restrictions set forth by the IRS.

LLC

An LLC, or a limited liability corporation, is the least expensive option. It still offers some liability protection, and has fewer restrictions than an S-corp.

Each of these options serves the purpose of further separating the business from the owner when you are looking to start a business credit profile. The option you choose should be the one that best suits your needs for tax purposes.

The Second Rule of Getting Business Credit with Bad Personal Credit: You Must Have Separate Contact Information

Do not let your business share an address or a phone number with you. Your personal address and telephone number are like a neon sign pointing to your personal credit. That is exactly what you do not want.

Even if you run your business out of your own home, it needs its own address. You can accomplish this by using a virtual office address. Virtual offices operate almost exclusively online. They offer a physical mailing address and at times, a host of other services such as receptionist options, meeting rooms, and video conferencing.

You also need a dedicated business phone number. You can either get a business landline, or there are a number of VoIP options available. Some will even forward calls to your existing landline or cell phone so you do not even have to get a new phone.

Make sure your business information is listed in the business 411 directory. You can do that here.

The Third Rule of Getting Business Credit with Bad Personal Credit: Get a Business Bank Account

This accomplishes a number of things. First, it shows lenders that your business is serious enough to have its own account. Also, many vendors and lenders require a business bank account with a minimum balance before they will approve credit. Lastly, a separate bank account for your business makes it much easier to keep business expenses separate from personal ones for tax purposes.

The Fourth Rule of Getting Business Credit with Bad Personal Credit: Website and Email Address

There is so much to this. First, you have to have both a website and an email address that are dedicated to your business. If you don’t have an online presence in today’s world, do you even exist? It’s a question to consider. Don’t let this be a question about your business. A strong online presence is important.

Your website needs to be user friendly and professional. If you aren’t someone who does this for a living, it is probably a really good idea to pay someone to design and launch your site. Pay for hosting with someone like GoDaddy. Do not use a free hosting service. Make sure you get a business email address with the same URL as your website. A free email service like Yahoo or Gmail will not work well.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

It’s Not Over ‘Till It’s Over: Build Business Credit with Bad Personal Credit

You know that moment when you think the movie is over and everything is going to be okay, and then the bad guy jumps into the frame and scares you to death. That’s where you are at this point. You can’t walk away and think everything is okay. Make sure it is really over.

Separating your business from yourself isn’t the whole game. This is just how you protect your business. Once you have it separated, you can rest knowing that your business credit will reap the benefits of all your hard work and grow big and strong. Your personal credit shouldn’t come into the picture much at all.

However, you still have to do the work to get business credit with bad personal credit. Even though it’s best to not run up the stairs in a scary movie, you have to climb a different type of staircase to get business credit. We like to call these tiers instead of stairs. Credit tiers, if you will.

Once you have your business set up as a separate, fundable entity, you can get accounts reporting to your business credit report. You have to do this without any credit though, because you do not yet have business credit, and your personal credit is bad. How does that work?

The Hero that Will Rescue You: The Vendor Credit Tier

The vendor credit tier is how you are going to begin to build business credit without your personal credit coming into play. This tier is made of starter vendors that will offer net terms on invoices without a credit check. They will look at things like length of time in business, annual income, and the balance in your business bank account instead.

They will also report these payments to the business credit reporting agencies. Once this happens, your business credit report will be open. Your score will begin to grow. It takes 10 or more of these types of accounts reporting before your score will be strong enough for the next credit tier.

The Other Credit Tiers: The Next Steps

After you have an initial credit score from using the vendor credit tier, you can move on to apply for cards in the other tiers. You have to do it in order. First is the retail credit tier. These are cards that you can only use in the stores that issue them. For example, a Best Buy card can only be used at Best Buy. An Office Depot card can only be used at Office Depot.

Once you have several of these reporting positive payment history, your score should be strong enough to apply for cards in the fleet credit tier. These are cards from companies like WEX and Fuelman that you can only use for fuel or auto repair and maintenance.

After you get enough accounts reporting from the fleet credit tier, it will be time for the top tier. This is the cash credit tier. Here you find cards that are not limited by location or type of purchase. You can use them wherever and for whatever. They typically have better rates, higher limits, and sometimes pretty great rewards.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

Keep an Eye on the Bad Guy

After you do the hard work of getting business credit with bad personal credit, you’ll want to keep your eyes open. You never know when personal credit or some other bad guy may try to creep in and spoil the happy ending. This is one time when you for sure do not want a sequel. This is where credit monitoring comes in.

Unlike your personal credit score, you can’t really get a free copy of your business credit report. You can pay for copies however, and this isn’t a bad idea to do once a year. You want to make sure there are no mistakes, all information is up to date and only business accounts are being reported.

We can help you monitor your business credit for a fraction of what you would pay the credit reporting agencies. Go here to get started.

Survive to the End: It is Possible to have Strong Business Credit with Bad Personal Credit

Don’t let bad personal credit haunt your business. You don’t have to be afraid if you follow the rules, just like in a scary movie. To separate your business credit from your personal credit, you must:

Incorporate
Have separate contact information for your business
Get a dedicated business bank account
Have a professional website and email address with the same URL as the website

If you do these things, the chances that your personal credit will find your business credit and cause trouble is greatly reduced. Your business can continue to thrive amidst any personal carnage. Remember however, you must follow the rules. Business credit doesn’t build passively like personal credit does. You have to be intentional and build it on purpose, with purpose. Climb the credit tiers, and once you make it to the top, your business will be able to survive whatever comes its way.

The post Haunted by Bad Personal Credit? You Can Get Business Credit with Bad Personal Credit appeared first on Credit Suite.

Success in Houston, TX… $50,000.00 in Business Revenue financing!

Deligent Health Services in Houston, TX obtained $50,000.00 in business revenue financing! This helped the client have working capital.

In turn he was able to help achieve business goals in a quick time frame.

Congratulations to the team at Deligent Health Services; glad to be a part in your success!

Click Here to see how much funding you can get for your business.

The post Success in Houston, TX… $50,000.00 in Business Revenue financing! appeared first on ROI Credit Builders.

Success in Houston, TX… $50,000.00 in Business Revenue financing!

Deligent Health Services in Houston, TX obtained $50,000.00 in business revenue financing! This helped the client have working capital.

In turn he was able to help achieve business goals in a quick time frame.

Congratulations to the team at Deligent Health Services; glad to be a part in your success!

Click Here to see how much funding you can get for your business.

The post Success in Houston, TX… $50,000.00 in Business Revenue financing! appeared first on ROI Credit Builders.

Success in Apex, NC… $50,500.00 in Business Revenue financing!

Congratulations to our client who received $50,500.00 in business revenue financing! This helped James and his team have the working capital to unlock new opportunities of growth. His company was able to continue to succeed. We are glad he didn’t miss this opportunity. Click Here to see how much funding you can get for your business. …

Success in Apex, NC… $50,500.00 in Business Revenue financing!

Congratulations to our client who received $50,500.00 in business revenue financing!

This helped James and his team have the working capital to unlock new opportunities of growth.

His company was able to continue to succeed. We are glad he didn’t miss this opportunity.

Click Here to see how much funding you can get for your business.

The post Success in Apex, NC… $50,500.00 in Business Revenue financing! appeared first on ROI Credit Builders.

Is a Sam’s Business Credit Card Good for Your Business? It Depends

How and When a Sam’s Business Credit Card is a Good Option for Your Business It can be difficult to choose which business credit cards to use. There are so many options, and they all have varying benefits. It takes time and thought to figure out which ones will work best for your business and … Continue reading Is a Sam’s Business Credit Card Good for Your Business? It Depends