Let Oracle Loans Reveal Your Brilliant Future: A Business Line of Credit or Loan Option for All Your Business Needs

Oracle Has Valuable Financing Options to Fit Virtually Every Situation

In ancient times, an oracle was someone who delivered a divine communication or revelation. Often, these revelations were about the future.  However, you don’t need an oracle to tell you your future. You need Oracle Loans to help you make your own.

We have to make our own luck and drive our own destiny. No one can tell you your future. To do that with your business however, you are going to need funding. The problem is, traditional funding doesn’t come easy to everyone.

What do you do then? The answer is non-traditional funding, and Oracle Loans offers just that. They offer a variety of flexible loans and business line of credit options that virtually ensure that business owners from a broad range of income and credit score levels can find something that will work for them.

What is Oracle Loans?

Oracle loans is part of Oracle, which offers a broad range of business solutions including:

  • CRM
  • Service Management
  • Financial Management
  • Human Capital Management
  • Project Portfolio Management
  • Advances Procurement
  • Supply Chain Management
  • Value Chain Planning
  • Value Chain Application

The range of services offered under is category is huge, but the financial services are what we focus on here. They offer both loan management for those businesses that offer loans, and financing to borrowers needing small business funding.

What Makes them Different?

The flexible funding offered by Oracle loans is different in a couple of ways. First, there are several options for low credit scores. This means even those businesses that have trouble obtaining financing through traditional means can find success with Oracle.

In fact, some of the loans do not require any minimum time in business or annual revenue. Many do not require any sort of collateral, and some do not even ask for income verification.

The Nitty Gritty Details

There are multiple financing products offered by Oracle loans, so without further ado, here is what you have on the menu.

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN.

Unsecured Business Loans

These are the most popular loans offered by Oracle, and they come in four categories: Gold, Silver, Bronze, and Startup.

Gold Level Loans

These loans range from a minimum of $10k to a maximum of $500k. The terms range from 1 to 20 years, and the minimum credit score is 680. They do allow you to have a cosigner if you do not meet the credit score requirement, so no worries there. Typical funding time is 3 to 5 days.

Silver Level Loans

Loans at the silver level range from $5,000 to $250,000. The terms can go up to 20 years, and there is no minimum time in business or monthly revenue requirement, just like on the gold level. Funding is faster at this level, usually happening within 1 to 3 days, but the 680 minimum credit score still stands. Again, if you do not meet this requirement, you can always use a cosigner that does.

 

Oracle Loans business line of credit rates - Credit Suite

Bronze Level Loans

The loans on the bronze level are $500,000. They have terms that go up to 20 years, and the same credit score and cosigner details apply. However, funding can take 5 to 7 days.

Startup Unsecured Loans

The rules are a little different when it comes to unsecured loans at the startup level. The amounts can range from $5,000 to $250,000, and the term lengths and credit score requirements are the same. However, there is a 6-months or more in business requirement as well as a requirement

that monthly revenue be at least $10,000. Funding for these loans takes 1-3 days.

Secured Business Loans and Business Line of Credit

Of course, another option is secured business loans. These are loans that are secured by the borrower with some assets. Oracle offers loans secured by real estate as well as those secured by other assets.

Secured Real Estate Loans- Residential

When you use residential property to secure a business loan through Oracle, you receive up to 80% LTV. The “as-is” value has to be at least $140,000. Loans range from a minimum of $100,000 to a maximum of $15,000,000, and interest rates start at 5.49%.  Terms extend up to 30 years.

The really great part for many is that the minimum credit score requirement is only 550, meaning that you can get this loan even if your credit isn’t the best. The one catch is that it cannot be your primary residence that you use as collateral. You must have either an investment home or 2nd home to use as security.

Secured Real Estate Loans-Commercial

If you have commercial property that you can use to secure a loan, Oracle will lend up to 75% LTV. There are similarities with the residential property secured loans, with the as-in value and minimum and maximums being the same. The terms and credit score requirements are the same as well, but the interest rates start at 6.24%, which is slightly higher than the residential property loans.

Other Assets as Security

There are a host of other assets that can used as collateral for a loan or business line of credit. They includes but is not limited to:

  • Equipment
  • Machinery
  • Luxury vehicles
  • Classic cars
  • RVs
  • Motorcycles
  • Yachts
  • Airplanes
  • Fine art
  • Jewelry

Basically, any asset of value that you own can be security for a loan. These are some of the most popular loans because they have some pretty great perks that unsecured loans do not come with. For example, you can make interest only payments if needed. There is also no pre or post payment penalty, and they offer free appraisals on the asset you are using.

Transportation of your asset is insured, and they are stored in high security vaults that are usually within 25 miles of your home.

Secured business loans from Oracle are only available in select states.

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN.

Business Lines of Credit

There are several different options at Oracle for a business line of credit. The most popular is the Stated Income business line of credit. The big draw is that they do not require any sort of income verification and no financial documentation. All industries are eligible for this type of financing, but you must be a legal United States business entity.

The minimum amount is $5,000 and the maximum is $250,000. There is no interest for the first 6 to 24 months, which makes it startup friendly. In fact, this type of financing can help you build business credit. There is a minimum credit score of 680, but if you do not meet that you can get a cosigner that does. The cosigner does not have to have any association with the business.

Stated Income Real Estate Investor Line of Credit

You can also get a business line of credit for investing in real estate with no income verification. It reports to your business credit report so it does not affect your personal credit, meaning you shouldn’t have issues accessing financing for personal needs due to this line of credit.

This line of credit is useful to fix, flip, or hold real estate for income. Amounts range from $10,000 to $250,000 and the interest rate is 0% for the first 6 to 12 months. You can get his type of financing even if this is your first property to flip!

The days in business requirement is only one day. Your credit score has to be 680 or higher, but if you do not meet that a cosigner is fine. There is no collateral required.

Traditional Business Line of Credit

Oracle also offers a more traditional business line of credit. It is available nationwide, and you can have funding in as little as 24 to 48 hours. The minimum amount is $1,000, but the maximum goes to $250,000.

The whole process is fully automated so there is no paperwork, which is a huge bonus. You may be in business for at least 6 months and have at least $50,000 in annual revenue. In addition, there can be no bankruptcy in the past 2 years.  You do have to have business bank account however.

If you meet these requirements you can have a traditional business line of credit available to you pretty quickly. There is no origination fee, no minimum credit score, no fee for early repayment, and no application fee.

Invoice Factoring

This is another funding option for an established business that needs cash fast. You can get an immediate advance on outstanding invoices from $10,000 to $2.5 million, and you can have it in as little as a day.

Bridge Loans

Oracle offers bridge loans for investment in residential real estate. They range from $100,000 to $15 million and start at a 6.99% APR. Terms range up to 3 years, and the LTV is 75% or less. The really cool thing is the minimum credit score is 500! They also offer hard money loans with the same terms.

How to Apply for a Business Line of Credit or Loan with Oracle Loans

It is super simple to let Oracle help you see success in your future. Just go to the Oracle Loans website here and click to apply. There is no requirement to enter sensitive financial information online, but you do need to fill out the online form as completely as possible. That is the only way to see the complete list of the Oracle loan and business line of credit options available to you.

Once you have your list, click the loan program you want and start the pre-approval process. You could have an answer as soon as the same day.

Is Oracle Loans Legit?

Non-traditional lenders do not have the best reputation.  In fact, some of them turn out to be downright scams.  However, Oracle Loans has been in business for 3 years, and they have an A+ rating with the Better Business Bureau.  There have been no complaints filed against them with the BBB, and the one review on file offers a rating of 5 stars.

How Business Credit Can Help You Get a Business Lines of Credit

As mentioned earlier, some of these financing option can actually help you build business credit. Also, some of the options only report to business credit agencies, not your personal credit report. What is business credit, and why does it matter?

What is Business Credit?

Business credit is a credit history, including a credit score, for your business only. It is not reflected on your personal credit report, and your personal credit history is not reflected on your business credit.

What does this mean for you and your business? It means that even if you have terrible personal credit, it is still possible to have a good business credit score. It also means that if you run into financing problems with your business, your personal credit will not suffer.

How to Establish Business Credit

It is pretty obvious why business credit is a good thing, but how do you get it started? There is a process. While it isn’t difficult, it does take time, and there are steps that must be taken in order.

The first step is to establish your business as a separate entity from yourself. Here is how that happens:

  • The very first step is to incorporate your business. This is essential when it comes to establishing your business as separate from yourself. You choose whichever method works best for your business, whether it be an LLC, S-corp, or a full-blown corporation.
  • After you incorporate your business, apply for an EIN through the IRS. This will be the identifying number for your business, and when you apply for credit, you will use this number instead of your SSN. They may ask for your SSN for identification purposes due to new fraud standards, but it will not be used to check your credit.
  • Next, set up a business banking account. Run all of your business financial transactions through this account.

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN.

  • You also need a separate address and telephone number for your business. The number should be an 800 number, or from some other toll-free exchange.
  • The next step is to set up a professional website for your business and acquire an email address with the same URL as the website. Do not use a free email service such as Gmail or Yahoo.

Get Established with Dun & Bradstreet

After you complete these steps, the next thing to do is get a DUNS number. This is a number assigned by Dun & Bradstreet. As the largest and most used credit agency, you need to be sure that your on-time payments get reported to them. If you do not have a DUNS number, that will not happen. You can get a DUNS number for free on the Dun & Bradstreet website.

How to Build Business Credit

Once your business has its own identity, you can begin to build business credit. Since in many cases you must have credit to get credit, this can be tricky. The secret to being successful at building business credit is the vendor credit tier.

This is a group of vendors that will offer invoices with net terms, and then report your on-time payments to the business credit agencies. Once you start having payments reported, your credit begins to build. When you have 5 or more vendors from the vendor credit tier reporting, you can start to apply for credit from the next tier, which is the retail credit tier.

The process builds like a snowball. As you gain more accounts at each tier, you can begin to access credit from the next tier. Your business credit will only get stronger and stronger as long as you are making your payments on time.

What are the Other Tiers?

There are 4 credit tiers all together. After the vender credit tier comes the retail credit tier. These are the store cards like Best Buy, Amazon, and Office Depot. After that comes the fleet credit tier which includes those cards that you can use for automobile repair and maintenance as well as fuel costs.  Examples of these are Fuelman and WEX. Then comes the coveted cash credit tier. This includes standards we all know such as Visa, AMEX, and Mastercard.

Oracle Loans Can Help You Use Your Business Credit to Create a Bright Future

Oracle has a great mix of products so that you can get financing based on your personal credit if you have not yet established your business credit. However, if you already have business credit, you can use some of Oracle’s financing products to build it even further. This is especially true of their business line of credit products.

You don’t need an oracle to tell you your future, with Oracle Loans, you can make your own future.

 

 

 

The post Let Oracle Loans Reveal Your Brilliant Future: A Business Line of Credit or Loan Option for All Your Business Needs appeared first on Credit Suite.

How Google’s New Layout Predicts the Future of SEO

When you think about SEO and what’s changed over the last 5 years, what comes to your mind?

Chances are, it’s something related to how it’s harder to get rankings on Google.

But why has it gotten harder to get more organic traffic?

Well, if you ask most SEOs, they’ll say it’s because Google has created a much more complex algorithm.

They look at factors like page speed, brand queries, and hundreds of other factors that it may have not been placing much emphasis on in the past.

But that’s only half the story.

The reason SEO has gotten harder is only partially related to Google’s algorithm changes.

Here’s what most SEOs aren’t talking about that you need to pay attention to because this will show you the future of SEO.

Google’s ever-changing layout

When you perform a Google search, what do you see?

Some organic listings and some paid results, right?

And that’s what Google has shown for years. Much hasn’t changed from its core concept.

But over the years, they have continually made small layout tweaks which have added up to big changes.

Let’s look at Google’s layout changes over the past few years… lucky for us, Orbit Media performed random Google searches in 2013, 2014, and 2015 and compared them to Google’s current layout for us.

2013 google

The big differences from 2013 versus 2019 are:

  • The first organic listing is drastically pushed down
  • The ads used to be clearly identified through design elements, but now they blend in more.

Now let’s look at 2014 versus 2019:

2014 google

And 2015 versus 2019:

2015 google

The big trend is that the organic search results have been drastically pushed down below the fold. Roughly by 3.3X.

That’s a huge difference!

A listing these days may have a map, elements from their knowledge graph, more videos and images, and whatever else Google feels their users may want.

Another big trend is that there are now featured snippets. Although these featured snippets can drive traffic to your site, they also provide the searcher with the answer they are looking for without having to click through to your site.

Just perform a search for the largest tree in the world…

tree

Sure, I could click through over to livescience.com to get the answer, but why? Google gives it to me right then and there.

With organic listings being pushed down, and Google answering a portion of people’s questions without them even needing to click through, this means organic listings will get fewer clicks over time.

And it’s not stopping there

Let me ask you a question…

How many organic listings are on the first page?

10, right?

Well, that’s what we are used to, but when’s the last time you actually counted?

7 listings

Google’s dumped 5.5% of organic first page listings. Yes, the first page does have 10 listings a lot of the time, but not as often now.

Here’s a graph that’ll show you the change:

serp listings

18%!! That’s the percentage of first page listings with less than 10 organic results.

What’s crazy is it used to be 2%. That’s a huge jump.

So, what else is Google testing with their layout?

This is a small test that they are doing with their layout, in which some results may not have any listings.

empty serp

But Google did report that was a glitch. The page was not supposed to contain any organic listings, but at the same time, it was supposed to contain no paid listings either.

And over time you should continually expect Google to run more layout experiments and make more permanent changes.

Now before we get into the future of SEO, let’s get one thing straight.

Google is a publicly traded company. Sure, their goal is to create an amazing product, but they have to make money at the same time.

You can’t blame them for making changes that increase their ad revenues.

Yes, you may claim that this is creating a terrible experience for users, but is it really? If it was, people would switch to Bing or any of the other alternative search engines out there.

I still use Google every day. Yes, it may be harder to get clicks organically, but as a user, they’ve created an amazing experience.

The future of SEO

Google doesn’t just make changes to their layout blindly. They run experiments, they survey users, they try to figure out what searchers want and provide it.

Based on the layout changes they have made over the years, you can make a few assumptions:

  1. More rich snippets – people want the answers to their problems as quickly as possible. You’ll see more versions and variations of rich snippets integrated within future layouts as this provides searches with their answers faster.
  2. Less clicks to your site because of voice search – according to Comscore, 50% of searches will be voice searches by 2020. Don’t expect people to go to your site because of voice search.
  3. People are trained to ignore ads – no matter how much Google pushes the first organic listing below the fold, people are trained to ignore ads. No matter how much Google blends them in, most people tend to click on organic listings.
  4. 43.9% of the world still hasn’t come online – we all know Google is the dominant global search engine. But only 56.1% of the world’s population has Internet access. As more people come online, more people will use Google as their search engine, which means more people to click on your organic listings.

In other words, SEO isn’t dead and it is still an amazing channel. Just look at my traffic stats over the last 31 days:

total traffic

Now of those 4,362,165 monthly visits, guess how many come from search engines like Google?

search traffic

A whopping 2,343,362 visits.

In other words, SEO makes up 53.71% of my traffic. That’s a ton of traffic.

And even with Google’s continual changes, you would expect my traffic to be lower, but it isn’t… it’s gone up.

search traffic year

A year ago, I was generating 1,088,251 visits a month from Google. It’s now gone up to 2,343,362 even though Google’s algorithm has continually gotten harder and organic results are continually being pushed further below the fold.

But still, you shouldn’t only rely on SEO

I love Google and even though there is a future for SEO, you shouldn’t rely on it. No matter how good you are at SEO, it doesn’t guarantee success.

Let’s look at a company that you are familiar with… Airbnb.

Did you know that Airbnb didn’t come up with the concept of renting out your house or rooms in your house?

Can you guess who it was?

It was VRBO and they came up with that model 13 years before Airbnb did.

But here’s what’s interesting… who do you think wins when it comes to SEO?

Shockingly, it’s VRBO.

VRBO crushes Airbnb when it comes to Google rankings and they have for a very long time. Here are just a few examples of keywords VRBO ranks for that Airbnb doesn’t:

  • hilton head rentals
  • ocean city maryland rentals
  • cape cod rentals
  • cabin rentals
  • vacation homes
  • vacation rentals
  • vacation home rentals

Airbnb does rank for organic keywords as well, but most of them are brand related.

They crushed their competition without relying on SEO and they were 13 years late when it came to entering the market.

So how did Airbnb win? Well, the main way was they built a better product.

But in addition to that, you focused on an omnichannel approach. From SEO to PPC to advertising on TV screens in airplanes, they tried all of the major channels out there.

Yes, you need to do SEO, but you can’t rely on it as your only source of traffic or income. Diversify, not because of Google, but because you can’t control consumer behavior.

People may not prefer to use search engines in the future, they may want something else, which means you will have to adapt.

Plus you can no longer build a big business through one channel.

Yes, Facebook did grow through referrals. Quora did grow through SEO. Dropbox grew through social media… but those circumstances don’t exist anymore. What worked for these old companies won’t work for you.

You have to leverage all channels to do well in today’s market.

Conclusion

Google may be making changes that you don’t like as a marketer or business owner, but that doesn’t mean SEO is dead.

You can see it from my own traffic stats. You can still grow your traffic, even with Google’s ever-changing algorithm.

Don’t worry about the future because you won’t be able to always predict it or even prevent the inevitable.

The only real solution is to take an omnichannel approach so that you aren’t relying on any one channel.

What do you think about Google’s current layout?

The post How Google’s New Layout Predicts the Future of SEO appeared first on Neil Patel.