How to Make Money on Instagram With & Without Followers

There’s no hiding it, Instagram is one of my favorite social media channels. Not only is it a great way to share your life with friends and family and promote your business, but it’s also a great way to make a lot of money.

Best of all, you don’t need a big following and there are several different ways to earn an income. In this article, I’m going to show you how to make money on Instagram using seven of my favorite strategies:

Get paid for sponsored posts.
Promote affiliate links.
Start an Instagram shop.
Make money from your content.
Become an Instagram coach.
Advertise your brand.
Get paid for teaching your audience.

Ready? Let’s get to it.

Why Should You Try to Make Money on Instagram?

Instagram remains one of the most popular social media apps.

In fact, it was one of the top five downloaded apps in the App Store and Google Play in 2020. As of January 2021, it was second only to TikTok in download count. The platform’s active user numbers are equally impressive. At the end of 2020, Instagram surpassed one billion global users.

If the sustained growth of Instagram wasn’t enough to convince you that it’s a great platform to make money on, maybe the comments of Mark Zuckerberg may help. At the company’s first Creator Week in June 2021, he said of Instagram: “Our goal is to be the best platform for creators like you to make a living,”

Why Should You Try to Make Money on Instagram

That’s exactly what’s transpired.

Instagram accounts with over one million followers can make in excess of $1000 per post, according to influence.co.

That’s not all.

You don’t need to be a mega-celebrity to make money on Instagram. Plenty of micro-influencers with followers in the thousands make a decent income through our 7 strategies.

What You Need to Make Money on Instagram

There are three things you need to make money on Instagram: reach, influence, and engaged followers.

Reach and Influence

The only reason businesses pay money to Instagram users is the exposure to the audiences they receive in return. They hope to make money from those followers. For it to be worth their time, these brands are only interested in influencers with large audiences. The bigger the audience, the more money they can make.

If you only have a few hundred Instagram followers to begin with then your potential audience size is low. With such a small sample space, your content won’t get seen by lots of people, let alone drive sales to your or a brand’s products.

To get started, you’ll definitely need at least a few thousand followers to be able to make money.

Engaged Followers

Sure, more followers will boost your ego. Mathematically, it increases your probability to appear in more Instagram feeds. However, a high follower count doesn’t necessarily mean high engagement, and shadow-banning on Instagram can leave you with little to no reach.

If everyone is cold to your posts, they probably won’t be inclined to buy anything you promote.

So on your Instagram account, if you rarely get people commenting, liking, sharing, and following you, then it doesn’t matter how big your following is, you probably won’t make much money.

On the other hand, even if you only have 1,000 followers and they are actively engaging with your posts, the potential to make money is there. Brands are willing to invest in you because of the profitable actions you’ll drive through your account.

7 Ways to Make Money on Instagram

Okay, so now you know why I think Instagram is a great platform to make money on and what you need to make serious bank. Now let’s look at my favorite ways of doing just that.

1. Become an Influencer and Get Paid to Advertise Products

I’ll preface this first strategy by stating that this is the easily most common tactic to earn money on Instagram.

Again, it isn’t viable for people with a few hundred followers. You need a minimum following of about 5,000 followers and a high engagement rate.

People with this reach can earn up to six figures per post.

All you have to do is post pictures around your interests that show your personality, helping you build up a glamorous personal brand.

Sure, you can follow a planned marketing strategy, but Instagram followers love when you are being true to your authentic self. As you share pictures and build your influence organically, relevant brands are likely to approach you rather than the other way round.

Once you satisfy these criteria, here’s a simplistic version of how making money works:

you create a sponsored Instagram post (it could be a photo or video)
you include a branded hashtag, mention, or link to promote a brand
you share it with your audience
you get paid

There is one warning going into this though: don’t pursue sponsored posts simply to make money without believing in the brand you’re promoting. Taking too many of such posts will also burn your audience’s interest and lead to loss of trust in your brand. For example, if you’ve built a following based on visiting fast food restaurants and writing greasy food reviews—suddenly partnering with a weight-loss brand could damage your reputation.

Simple enough to remember, right?

Let’s look at a few people who do this well in real life.

Adam Gonon is a fashion and lifestyle influencer from New York. With a touch over 50,000 followers, he certainly doesn’t have the biggest audience in the world, but that doesn’t stop him from creating sponsored content every few days.

Make money on Instagram like Amanda Holtzer

You don’t have to promote fashion or other lifestyle products to get paid for sponsored posts. Amanda Holtzer is a health, diet, and nutrition influencer who works with brands like Costco and Juice Press to create sponsored content.

2. Promote Affiliate Offers

Promoting affiliate offers is not dissimilar to getting paid for sponsored posts. The difference is that you only get paid if people buy the product or service you’re promoting rather than receive payment for your post.

This can be both positive and negative, depending on your audience. While sponsored posts have guaranteed income, you could make a lot more by promoting the right affiliate offer. On the other hand, you could also make a lot less.

Being an affiliate on Instagram is a lot harder than running affiliate ads on your website. Not only do you require a launch audience, but Instagram doesn’t allow clickable links anywhere except your bio. The only way to promote an offer and make sure you receive the affiliate income you’re due is by using promo codes. These are trackable and can be added to your post or story easily. Of course, you’ll still need your followers to visit the affiliate website on their own.

3. Start an Instagram Shop

With an Instagram Shop, you can integrate your e-commerce store with your Instagram profile. This is the only way you can promote your products directly to Instagram followers through your posts, Stories, the Explore tab, and the Shop tab on your profile.

There used to be a lot of friction for e-commerce store owners who wanted to sell through Instagram, but not anymore. Instagram Shopping completely removes friction, letting customers easily check out products in the app and then head to your store at the click of a button.

Let’s say you’re a clothing store and you want to promote an outfit. Simply upload a picture of your model wearing your outfit, and Instagram will let you tag up to five products per post (you can tag up to 20 products per carousel.) You can also promote products in stories and videos, too.

I would like to show you one specific Instagram page that’s completely killing it.

It’s called Doug the Pug. As the name implies, it’s all about the life of one of the Internet’s coolest and cuddliest pugs, Doug.

This page chronicles Doug’s life and takes followers along on his adventures. As of August 2021, Doug the Pug had 3.9 million followers. Doug has his own book entitled Doug the Pug: King of Pop Culture (which is pretty impressive considering that he can’t actually write.) He even does appearances all around the country.

In other words, Doug’s owner has created a massive brand.

Guess what? The popularity they’ve generated is centered around their Instagram page. With 3.9 million followers, you can bet that they’re driving plenty of high-quality traffic to the store and consequently getting paid handsomely for it.

This is a brilliant example of how Instagram can be used to build a brand from scratch. Doug the Pug is a template you could use to launch your own brand and sell from your online store.

Just use your creativity and come up with an interesting angle that will get people excited and eager to invest in your brand.

There’s no doubt that there is a significant time investment involved, but it can pay dividends if you’re able to establish a large and loyal audience. The best part is all of the different ways you can monetize your brand later on.

How to make money on Instagram like Doug the Pug

4. Make Money From Your Content

Just like YouTube, you can monetize your content directly on Instagram. Try one of the three ways below.

IGTV Ads

IGTV ads are a great way to monetize your Instagram content. In March 2021, Instagram made ads available to creators in the U.S., the UK, and Australia. They appear when you watch IGTV from a creator’s feed.

Instagram’s COO, Justin Osofsky, says creators receive 55 percent of the advertising revenue generated through IGTV. That’s the same rate as YouTube making it a great alternative.

Live Badges

If you broadcast live on Instagram, Badges are a fantastic way for your followers to show their support. Think of them as tips your audience can give you when you broadcast. Your viewers can buy a badge during a broadcast, selecting from three levels of hearts that each have a different price point (one for $0.99, two for $1.99, or 3 for $4.99.)

Badges have gone down well with creators. Fitness influencer @charleeatkins said: “Badges in Instagram couldn’t have come at a better time for fitness creators like me. It’s an easy way to channel the love we already see in our Live feeds so we can continue building and creating for our fans.”

How to make money on like Instagram Fitness

Patreon and Only Fans

You don’t have to rely on Instagram’s in-platform features to pay your bills. Third-party sites like Patreon and Only Fans are another great way to make money from your content. In both cases, you’ll want to give away a ton of free value on Instagram before encouraging your audience to follow you on one of the two platforms for exclusive content.

5. Become an Instagram Coach or Consultant

If you are killing it on Instagram and have a massive, engaged following, why not make money by teaching others to do the same thing?

People want to know how to build a following on Instagram and monetize it—it’s why I’m writing this article, after all. If you know how to do it, and have done so yourself, you can make a lot of money.

Take a look at Foundr as an example.

Right now, they have built a massive audience to the tune of 3.3 million on Instagram. And since it’s their strong suit, Foundr founder Nathan now sells his Instagram marketing expertise in an online course called Instagram Domination at a whopping price of $1,997.

How to make money on Instagram - Foundr example

Given that businesses that are passionate about Instagram marketing follow them, Foundr has a great pool of potential qualified buyers in their audience with them on Instagram. Many of these prospects are likely to buy their course.

The best news? Anyone can do this if they have a big enough following.

Travel bloggers, food bloggers, marketing consultants—if people are active in your niche and are trying to grow a following doing what you do, launching a course could be highly profitable.

6. Indirectly Make Money by Advertising Your Brand

You don’t have to have a business that’s directly tied to Instagram in order to use the platform to generate sales. Thousands of canny entrepreneurs have leveraged their Instagram following to make money through a separate business. It really doesn’t matter what kind of business you operate; Instagram is a great way to get the word out and generate traffic and sales.

Instagram is particularly powerful if you have a physical product that you can show people using. Service-based businesses like travel agents also work incredibly well.

Hashtags will be particularly important here if you want to increase the reach of your Instagram account. The more followers you have, the more people will see your posts and consider using your business in the future.

My article on boosting Instagram followers will be a big help in this regard.

7. Teach Your Audience and Get Paid

Promoting other people’s products via affiliate links or selling physical products through an online store are both great options to make money on Instagram. What if I revealed there was a way to earn more money than affiliate marketing without having to handle physical inventory?

There is, and it’s called selling info products.

Info products have become a bit of a dirty term, but you don’t need to sell dating advice or weird diets to make money on Instagram this way. If your Instagram account teaches your audience how to do something—whether that’s learning a foreign language, practicing yoga, or woodworking—you can create a premium info product that you can sell for upwards of $100.

There are hundreds of Instagrammers doing this right now.

One doing particularly well is Minimalist Baker, a food blogger who creates recipes with ten ingredients or less and sells a course on Food photography. As you can see, you don’t even need to sell something directly related to your niche. Minimalist Baker isn’t selling a cooking series or a recipe book—she’s teaching Instagrammers how to take pictures as well as she does—and raking in the cash.

Ways to Make Money on Instagram - Teach Your Audience and Get Paid

Making Money on Instagram Frequently Asked Questions

How easy is it to make money on Instagram?

It’s never easy to make money online, but making money on Instagram is easier than a lot of other methods.

2. What's the best way to make money on Instagram?

The best way to make money on Instagram will depend on you and your following. Getting paid for sponsored posts, starting an Instagram shop, or getting paid to create content through IGTV ads are all great options.

How much do Instagram influencers get paid?

Instagram influencers can get paid north of six figures for every sponsored post. The larger and more engaged your following, the higher the fee you can command.

4. How many followers do you need to make money on Instagram?

You need at least a couple of thousand followers to make money on Instagram. The more engaged your followers are, the less you will need, however.

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How to Make Money on Instagram Conclusion

Instagram has been one of the most popular social media platforms for some time, and it’s continuing to launch new and engaging features. In other words, it’s well worth investing your time to make money on the platform.

If you can build an audience and establish trust, there are loads of ways to make money on Instagram. With so many potential business opportunities, anyone can earn money from Instagram.

Yes, even you.

Which tactic are you going to use to make money on Instagram?

22 Marketing Techniques That Cost You Time, Not Money

23 Marketing Techniques That Cost You Time, Not Money

Here is a common situation many startups face. They have no money, but they have to do marketing.

What can they do?

Instead of focusing on costly marketing methods, such startups must focus on low-budget marketing hacks.

The beauty of growth hacking is that it engages alternate methods of growth, methods which are sometimes lower cost.

Where marketing and engineering meet, growth hacking happens.

Obviously, growth hacking isn’t free. Strictly speaking, none of the techniques in this article are “free.” Anytime you involve people, employees of the company, there will be payroll and associated costs.

But here’s why these (mostly) free marketing techniques are so powerful. They don’t require a huge marketing budget. All you need is some time, some savvy, and the kind of focused and driven perspective that smart marketing requires.

1. Get Links from Your Service Providers

To rank well, a website needs high-quality backlinks. Where do you get these backlinks? Obviously, buying links is not advised. What should you do?

If you’ve built partnerships with service providers or business partners, you have an instant source of untapped link potential. Reach out to these service providers and ask them to link to your website.

You gain a few nice links, and all it cost you was a few minutes of emailing.

2. Search for Unlinked Mentions

Another great way to get links and boost your site authority is to look for unlinked mentions of your brand or company name.

If you find such mentions in online publications or websites, email the site editor and ask them to provide a link. You might discover plenty of brand mentions all over the web.

A quick search and a few emails later — presto. Free backlinks. The good kind.

3. Host a Webinar

Free webinars introduce your brand and product to a wider audience. The more appealing the topic, the better you’ll attract interest.

Webinars take time. You’ve got to brainstorm topics, plan the webinar, and spread the word. The benefits, however, are top-notch.

4. Cross-Promote

One explosive method of marketing that some companies use is cross-promotion. Cross-promotion allows you to partner with related businesses who can market your services, in exchange for marketing their services.

For example, if you are providing consulting services for online business owners, you may recommend that they use a certain web designer to create their website. The web designer is your cross-promoting partner. This web designer works with business clients, and she points these clients your way for consulting services.

It’s a win-win, and apart from a signed document and an easy conversation, it doesn’t require much work at all.

5. Be a Blog Commenter

The idea of marketing is to make your brand presence as well known as possible. One way of doing so is by commenting on blogs. Here’s how this works:

Identify the top 5 blogs in your niche.
Read and comment on the blogs on a regular basis.
As people see your name and associated brand, they become familiar with it and perhaps even curious about it.

With every comment, you’re establishing a persistent brand presence. Just make sure you’re not making dumb comments. Customers’ perception of your brand is shaped by the quality of your comments.

6. Help a Reporter Out

Occasionally, you’re going to come across some newsworthy information in your niche or business. Sign up for Help a Reporter Out (HARO). It’s a free service that reporters often use to find stories. If you have a story you can help a reporter out, and gain publicity.

7. Network in Person

Don’t neglect the opportunity to market in person. You’ll meet great people in person whom you may never come across online.

Every person you meet is another marketing possibility. Obviously, you don’t want to go around shoving your business into people’s faces, but as the issue of work comes up in conversation, tell them about it.

The whole idea of networking is basically marketing. You get to introduce other people to your business live and in person.

8. Run a Contest

As much as they’ve been sullied and scammed, online contests are still a great way to get low-cost marketing publicity. Giving away the cliche iPad, cash prizes, or other merchandise is an easy way to gain some viral potential and improve your brand’s image.

9. Build a Referral Program

The best forms of marketing are those that you can set up, turn on, and grow — organically, automatically, and without too much effort. A referral program or affiliate program may not work for every business, but it’s worth a try.

Creating an affiliate program essentially turns your customers into a de facto marketing department. You don’t spend marketing money unless they first make a sale on your behalf.

10. Tweet Up a Storm In Your Niche

Twitter is a killer marketing platform. With its instant reach and massive output, Twitter can produce high levels of referral traffic, plenty of brand exposure, and nonstop social buzz.

What I suggest is following at least ten influencers in your niche, following their followers, retweeting their tweets, and mentioning them in comments. As you associate with their platform, you’ll begin to build your own platform.

11. Upsell Your Existing Customers

Too often, we view “marketing” solely as a method of gaining new customers. In reality, some of the best marketing happens with existing customers.

Marketing back at your own customers is relatively easy and low-cost. The benefits are extraordinary.

12. Get Cozy With Niche Influencers

Within every industry are a group of power players. They control the conversation, shape the contours of the market, and reach a huge audience.

Make these people your friends. You don’t need to be schmoozy about it. You can be direct. Providing them with a product or partnering with them on a project are simple and mutually helpful ways to grow your brand and ride their wave of influence.

13. Claim a Hashtag

Hashtags are the billboards of the Internet. Since hashtags are now available on every major social platform, you can create a hashtag for your business and use it everywhere you post.

A hashtag is a searchable and interactive extension of your brand and has the potential to spread virally.

14. Get More Email Addresses

Growing your email list is one of the most enduring and effective methods of marketing. I suggest using Hello Bar as a simple and cost-effective way of harvesting more addresses.

15. Get More User-Generated Content

Everyone knows that content marketing is effective for inbound marketing. If you’re not careful, however, content marketing can be expensive. How can you gain more content without blowing your entire marketing budget?

The answer is user-generated content. Motivate your existing fans and customers to tell their own story and write content, and you’ll instantly open the floodgates to tons of fresh and engaging content that your audience will love. Your fans will be creating and sharing content for you.

16. Talk to Your Fans

Customers and fans love to be loved. The way you show that love is by retweeting, favoriting tweets, liking the comments, and sharing their status. Don’t simply expect that your social media presence is going to work for you. You have to work for it, by talking to your fans.

They will return the favor and engage at a deeper level.

17. Produce High-Quality Press Releases

Press releases have passed their heyday as an SEO tool, but they still hold sway in marketing. If you use a source like PRWeb, you’ll be out a few hundred bucks anytime you pop out a press release.

A source like PRLog.org, however, is free of charge. The amount of syndication you get may not be as high quality, but it’s something. And, hey, it’s something for nothing.

Just be sure to write very high-quality releases, and nofollow any links back to your website.

18. Hack Craigslist

Craigslist is one of the most popular websites in the world. Airbnb and its high money valuation used Craigslist to skyrocket its growth. You can use Craigslist, too. Try using Craigslist’s geographic focus to target specific areas and markets.

Make sure that you’re complying with the site’s terms of service. Use Craigslist in the way that it was intended. Violators will be banned from the site.

19. Blog

I can’t create a list of marketing techniques without mentioning blogging. A business blog is an indispensable strategy for online marketing. Use it, work at it, and make it work for you.

If you’re frustrated with the current condition of your business blog, read these 35 tips that will make it better. If you’re struggling with traffic, read this post.

20. Guest Blog

If blogging is awesome, then guest blogging is doubly awesome. When you post an article on another blog, you are instantly gaining that blog’s audience. The cost of guest blogging is free, less the time you spend. Create a killer article, appeal to the blog’s audience, and you may be invited back to contribute more.

I’ve used guest blogging with incredible success. My 300-and-counting guest blogs are still paying me back in terms of referral traffic, leads, and customers.

21. Create a LinkedIn Group

LinkedIn is free, and yet it gives you incredible marketing opportunities. Many professionals use LinkedIn as a static social media tool — a place to put up their resume, and not much else.

LinkedIn is so much more than an online resume. I’ve used LinkedIn to publish content, connect with powerful people, and build a marketing group with thousands of members.

All of this cost me zero dollars and zero cents, but the marketing upside has been incredible.

22. Give Free Help to Others

If you make marketing all about you and your business, you’re going to be frustrated and unfulfilled. Try giving to others, free of charge.

Obviously, you’re not a charity; you’re a business. But why not give away a product, an hour of your time, or a membership for a customer who can’t afford your services?

Some of the best business opportunities I’ve had were consulting gigs with customers who couldn’t pay. These opportunities have been beneficial in ways that I couldn’t have predicted.

Even today, I give away virtually all of my content without charge. Doing so is fulfilling for me personally, and it provides an opportunity for improved marketing.

Free Marketing Techniques Frequently Asked Questions

What are some free marketing ideas?

Some ideas for free marketing include guest blogging, link building, creating social media groups built around your industry or brand, commenting on other blogs, and creating your own blog.

Is it possible to do marketing for free?

Yes, there are plenty of marketing techniques that are completely free.

Does guerilla marketing work?

When done correctly, guerilla marketing can help increase brand awareness.

Is it free to market on social media?

There are plenty of ways to market for free on social media. You can create groups, engage with influencers, use popular hashtags, create content with CTAs to your website, and more.

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Free Marketing Techniques Conclusion

Marketing doesn’t have to break your bank, blow your budget, or cost you thousands of dollars. Like I mentioned at the beginning of this article, marketing can require nothing more than the investment of time.

Chances are, you can increase your marketing presence today by implementing one of these methods. Pick one and run with it.

What is your favorite no-cost marketing technique?

Mutual Funds Weekly: These money and investing tips can help you read the market’s signs and stay on your path

These money and investing stories were popular with MarketWatch readers over the past week.

The post Mutual Funds Weekly: These money and investing tips can help you read the market’s signs and stay on your path appeared first on WE TEACH MONEY LIFE SELF DEFENSE WITH FINANCIAL GOALS IN MIND.

The post Mutual Funds Weekly: These money and investing tips can help you read the market’s signs and stay on your path appeared first on Buy It At A Bargain – Deals And Reviews.

Mutual Funds Weekly: These money and investing tips can help you read the market’s signs and stay on your path

These money and investing stories were popular with MarketWatch readers over the past week.

The post Mutual Funds Weekly: These money and investing tips can help you read the market’s signs and stay on your path appeared first on Buy It At A Bargain – Deals And Reviews.

Ditch the Boss…Here’s How to Start a Small Business With No Money

Do you dream of starting your own small business but have no clue how to finance it? The number one thing that stands in the way of those who want to start a business, assuming they already have an idea of the type of business they want to start, is that they have no money. A general rule of life is it takes money to make money. While in a way this is true, it’s not always as cut and dry as it seems. Find out how to start a small business with no money.

No Money? No Problem! Try These Tried and True Tips for How to Start a Business with No Money

Ok, so let’s be real. It actually does take money to start a business. However, it doesn’t have to be money you already have. In fact, it doesn’t even have to be your money at all! Here are some creative ideas for how to start a small business with no money, or rather, how to get the money you need to make your small business dreams come true.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

How to Start a Business With No Money

So, you do need money to start and grow a business, and we are going to show you how to get it. Yet, you don’t have to wait to start. Start your business now, and grow it from the ground up.

1. Start Small

Facebook was started by college roommates in their dorm room, Microsoft was birthed in a garage by a college drop out, and Hewlett- Packard got started with less than $600. These are just a few of the many major companies that started out very small and with little capital. After all, how many people actually remember that Amazon used to be an online bookstore?

Starting small is essential, especially if you are wondering how to start a small business with no money. Cut out as much overhead as you can and focus on getting your product to the customers.

2. Keep Your Day Job…For Now

It will be a challenge for sure, but working your business outside of your regular working hours, while keeping your current job if you have one, will allow you to put any profit from your business back into your business. In essence, your business will be funding itself.

3. Keep Early Marketing Simple

In the early stages, simple is best. Offer free samples, leverage word of mouth, and start a Facebook page. As you build funds, you can increase your marketing strategy as well.

Be strategice as well. There is no need to market to the masses initially. Keep it narrowed down to the market that you know will be interested.

How to Start a Small Business With No Money: Leverage Your Assets

Now, you do need to figure out how to get the funding you need. If you have no money, you may struggle to get a small business loan. As you are starting small and building revenue, consider what assets you can leverage to get the cash you need.

There is always the option to use your home or land as collateral for a loan. Pretty much any bank will do that. Yet, that understandably makes many uncomfortable. There are some better options.

401K Financing

401K financing is a flexible and powerful way to leverage assets that are in a 401(k) plan or IRA. In as little as 3 weeks you can actually invest a portion of these funds into your own business. Then, you not only have more control over the performance of your retirement plan assets, but you also have the working capital you need.

This type of program even has the blessing of the IRS. In fact, they have their own term for it. It’s called a Rollover for Business Startups (ROBS).

You do not have to submit financials or have good credit to get approval. In fact, all the lender will ask for is a copy of your two most recent 401(k) statements.

If the plan has a value of more than $35,000, you can get approval. This is true even if you have bad personal credit. You can get however much of your 401(k) is “rollable.”

The plan you use cannot be from a business where you currently work. It will have to be from previous employment. Also, you can’t still be contributing to it.

Equipment Financing

This is a great option if you need equipment for your business and have no money to purchase it. Equipment financing allows you to purchase or borrow hard assets for your business using said asset as security for the loan. You can use it to buy or lease any physical asset. This can include items like an industrial freezer in a restaurant or an oven or a company car. You name it.

How to Start a Small Business With No Money: Use a Guarantor

What if you have no money and no assets? What then? You still have options. The easiest way to get funding for a business if you can’t do it on your own is to use a guarantor. Many entrepreneurs have friends or family that will sign a loan with them. Doing so tells the lender that, if you default, your guarantor will be responsible for the payments.

This is a better option for many, because the guarantor isn’t out any money up front, and they only have to pay if you do not. Keep reading for one of our favorite options for guarantor funding.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Credit Line Hybrid

What if there were a way to fund your business with 0% interest? The Credit Line Hybrid allows you to fund your business without putting up collateral, and you only pay back what you use. Generally, you do need a personal credit score of 680 or above, and you can’t have any liens, judgments, bankruptcies or late payments. However, if you do not meet the requirements, you have the option to take on a credit partner, which is in essence a guarantor. And yes, you can often get 0% interest for up to 18 months!

The great part is, this program reports payment to your business credit profile, meaning you build your business credit score regardless of whether you have a guarantor or not.

How to Start a Small Business With No Money: Other Options

If you do not have assets, your personal credit is not great, and you can’t find a guarantor, all is not lost. Here are some other possibilities.

Crowdfunding

Crowdfunding allows you to access tons of investors at once, and test the market at the same time. You market your business on the platform, and anyone who wants to can invest in the company. Some platforms will even accept donations as low as $5 or $10 dollars, though most do require more. With rewards-based crowdfunding, you get a trinket of thanks for your donation. This may be anything from a thank you note to a free product. With equity-based crowdfunding, which almost always requires $500 or more, investors get a piece of the company. There are a ton of crowdfunding sites to choose from, you just have to pick the one that will work best for your business.

One unique program is Kiva. The money you get has to be repaid, but the loan is crowdfunded. The interest rate is 0%, so even though you do pay it back, it’s free money. You have to get at least five of your family and friends on board to donate to your business, and then you have to lend $25 to another company on the Kiva platform.

After that, submit a thorough business plan and you could be well on your way to a 0% interest loan.

Angel Investors

Now, an angel investo r from an angel firm is going to want to know you have some money already, likely. But you don’t need to go through an angel firm, because anyone can be an angel investor. That includes friends and family, even your mom! So, this is definitely an option if needed.

Credit Line Hybrid Financing: Get up to $150,000 in financing so your business can thrive.

Is it Even Possible to Start a Small Business Without Money?

In the strictest terms, no. You have to have funds to start a business. However, there are ways to fund your business without having money in the first place. While knowing how to start a small business with no money is important, it is always important to understand how to set your business up to get the funding it needs into the future as well.

The key to that is to start building business fundability from the beginning. As you consider funding options for your small business startup, look for those that will help you build fundability. As you set up, set your business up in a way that will help it become more fundable. These things are best done at the beginning.

You can discover what funding options are available to you right now, and get a head start on fundability by speaking with one of our business credit experts. Try a free consultation now!

The post Ditch the Boss…Here’s How to Start a Small Business With No Money appeared first on Credit Suite.

It’s Like Free Money When You Stop Wasting Company Cash

How to Stop Wasting Company Funds – It’s Like Free Money Is it really free money? It may not be as glamorous as winning the lottery or venture capital money. It’s not as sexy as your content going viral. And it’s not as exciting as getting a shout out from major market influencers like Oprah … Continue reading It’s Like Free Money When You Stop Wasting Company Cash

It’s Like Free Money When You Stop Wasting Company Cash

How to Stop Wasting Company Funds – It’s Like Free Money

Is it really free money? It may not be as glamorous as winning the lottery or venture capital money. It’s not as sexy as your content going viral. And it’s not as exciting as getting a shout out from major market influencers like Oprah Winfrey and Elon Musk.

But it is often easy, and it is certainly anything that any company can do. It’s the free money you can get from cutting waste.

A Penny Saved is a Penny You Don’t Need to Borrow or Raise

Is your business wasting money? It probably is, in some way or another. Cutting waste should always be on your radar.

What are the Ripple Effects of Cutting Waste?

Save a dollar and you won’t need to:

Borrow a dollar and pay it back with interest
Try to raise a dollar via crowdfunding
Sell a dollar’s worth of your business to an angel investor or venture capitalist
Waste time you could be using to sell your goods or services

Get Free Money from Cutting Expenses

When tightening your company’s belt, look at the expenses going out first. There are several kinds of expenses any business can and should cut. Be creative when looking to cut expenses. Here are some kinds of expenses that you might not have thought of.

How to Save Money on Salaries

Employee salaries are the largest expense for many organizations. But did you know that there’s free money lurking in there?

But let’s make one thing perfectly clear. Don’t ask your employees to take a pay cut. Please, never do this! You’ll kill morale. But you should work to tap your employees’ full potential. Hence, pay attention to training.

Employees with more training may not be using that training. So, why aren’t they? Ask employees about their background and interests. There’s a chance that they could do more for you and get more motivated about working with your company in the long run. See inc.com/peter-cohan/first-90-days-13-totally-useless-expenses-your-company-is-wasting-money-on.html.

Stop Outsourcing!

Outsourcing is expensive! Some small businesses pay thousands of dollars to outsource projects. But your company may be able to save a considerable amount of cash, by taking some or all of those projects in-house.

Give your outsourced work to part- or full-time employees. After all, outsourcing work can make it hard to communicate clearly what you want done. This results in costly errors and delays. It is worth analyzing whether hiring a dedicated worker could pay for him or herself within a year.

Save Money with Better Hiring

Hiring the wrong person can be a very expensive proposition. Still, you need someone to do the work, and you don’t have forever to decide on who to hire. So make your job postings clear and only hire people experienced in what you need for them to do.

How can you hire better? Hire employees on a trial basis. This may be through working with a freelancing site like UpWork, or it may mean using a temp agency. In either of these scenarios if you must fail, at least you fail fast.

Demolish your funding problems with 27 killer ways to get cash for your business.

Start Improving the Average Performance of Your Workforce

Let the poor performers go. People who aren’t doing well tend to be unhappy anyway. You may be giving them the nudge they need to get something else. And make sure that all the workers staying on your payroll who do contribute are doing far more than the minimum required. If you can’t motivate your C players to act more like the superstars, cutting them from the payroll will give you the money you need to hire more A players.

Save Money on Tools

Software and tools can account for a huge proportion of a company’s expenses. But far too many businesses either buy tools they don’t need or buy tools that are bloated with features they don’t use. This can be software but also, literally, tools.

The truth is the so-called best tool on the market is often designed with large enterprises in mind. This means that when you’re small, it’s likely overkill. So it’s often better to purchase something that’s better suited to a business of your size. It may be a little less sexy, but it will save you a fair amount of money while still being equally as effective. See embroker.com/blog/business-expenses-startups-waste.

Location, Location, Location

Do you really need all that office space? Can employees share desks and work from home some of the time? Can some employees work from home all of the time? WFH also opens up hiring to other parts of the globe, where potential hires might be okay with less money.

Okay, so maybe you do need office space. But does it have to be in the most expensive part of town? Pay attention to the end date of your lease and start looking for cheaper digs before you’re under the gun.

And if you find less expensive office space elsewhere, tell your current landlord when it’s time to renew. If your business has been a good tenant, they might work to keep you.

Demolish your funding problems with 27 killer ways to get cash for your business.

Office Issues

Do you cater all your meetings? Do you really have to? If you must offer refreshments, why not handle some of them in-house? This doesn’t mean your employees start cooking. But it can mean a better coffee maker or better coffee to brew in it.

Energy Efficiency FTW

Do you have to pay utilities? Can you choose your own appliances? An energy efficient refrigerator will make a difference. So will using energy efficient fluorescent lighting. And just like in your house, turn off the lights when leaving a room.

Can You Imagine How Postage is Costing You Free Money?

Do you use a postage meter? It might not seem like a lot, but paying the exact amount for postage, rather than 5 cents more every time, will add up in the long run.

Would You Like to Save on Business Travel?

We all know about meetings that should have been emails. But they’re not so bad if your meeting is held remotely or just down the hall. Do you really have to be in the southern office? Particularly in the age of Covid-19, less travel is safer anyway.

Business Expenses

Does your business have a documented expense policy? Or can anyone claim pretty much anything at any time? Traveling employees might help themselves to the minibar or rent movies from the front desk, but your business doesn’t have to pay for such things.

Why and What Wasteful Advertising and Marketing is Costing You

Marketing can be trying new ideas to see if they work. That’s okay. But if you already know, then you should stop experimenting so much!

Like the best goals, your marketing and advertising have got to be measurable. Measuring helps you realize a lot more quickly if a campaign is working, or not. See nav.com/blog/4-money-leaks-that-could-be-hurting-your-bottom-line-658859.

Revealed… Saving on Miscellaneous Expenses

When you go grocery shopping, there are always small things at the checkout. They’re often inexpensive. So people buy them on impulse, even if they weren’t on the shopping list. But those packs of gum can add up over time.

In the same way, your little expenses here and there can add up. They can really get away from you if you just open up a petty cash drawer to buy them. So keep track of these expenses and review them every month or so. Determine if they’re working for you.

Demolish your funding problems with 27 killer ways to get cash for your business.

End Poor Time Management and Get Free Money

How long are your meetings? Are they all necessary? Really? A chat program like Slack might make some of those meetings unnecessary, or at least shorter.

Poor Time Management and Commuting

Commuting can also be exceptionally time-consuming. It can also be tiring, making it harder for employees to get going in the morning. Can some or even all of your employees work from home at least one day per week? This is also a way to enhance employee morale.

Free Money, Fixing Poor Time Management, and Enhancing Employee Morale – Yes, There’s a Connection

Consider informally monitoring the weather and telling your employees to work from home when commuting conditions will be truly awful. These are serious snowfalls or blizzards, or heavy rain from the remnants of hurricanes, not brief showers. Not only are commutes longer and more dangerous, but employees are also more likely to be late.

Get Some Free Money with a Proper Financial Professional

A solid accountant will help prevent costly errors. They will also be able to calculate and pay your business taxes correctly the first time. If you, the owner, are still preparing these documents, it’s probably not a good use of your time. If you currently can’t afford an accountant, at least get good professional accounting software.

Check Your Larger Bills Carefully

If you’re just getting a one-page bill from an outside counsel law firm, or other expensive service your business must have, ask for it to be itemized. Sometimes there are billing errors and this can be the only time they’re caught.

Get Free Money from No Longer Wasting It: Takeaways

Is your business wasting money? Stop the bleeding and hire more carefully. Look into your expenses more closely. Measure your advertising to see if it’s working. Keep an eye on ways to save time. A professional accountant is worth the expense. Audit the larger bills your business has to pay, and request itemization, to be sure you’re only being charged for what you actually owe.

The post It’s Like Free Money When You Stop Wasting Company Cash appeared first on Credit Suite.

What’s This? The Paycheck Protection Program is out of Money Again?

What is Going on with the Paycheck Protection Program? According to the New York Times, “Four weeks before its scheduled end, the federal government’s signature aid effort for small business ravaged by the pandemic — the Paycheck Protection Program — ran out of funding on Tuesday afternoon and stopped accepting most new applications.” Unfortunately, this … Continue reading What’s This? The Paycheck Protection Program is out of Money Again?

What’s This? The Paycheck Protection Program is out of Money Again?

What is Going on with the Paycheck Protection Program?

According to the New York Times, “Four weeks before its scheduled end, the federal government’s signature aid effort for small business ravaged by the pandemic — the Paycheck Protection Program — ran out of funding on Tuesday afternoon and stopped accepting most new applications.”

Unfortunately, this is nothing new. The Paycheck Protection Program has run out of money before – almost exactly a year ago, to be precise, on April 16^th.

And then in August of 2020, that round for the PPP ended with money left over. So, in essence, the amount has gone up and down, regardless of who has been occupying the White House or which party is controlling Congress.

Paycheck Protection Program Fraud Does Not Help Matters

According to the National Law Review, by last month, the SBA, “provided a total of $934 billion in funding to companies impacted by the COVID-19 pandemic. As of September 2020, Congress had already identified billions of dollars in suspect loans issued under the PPP; and, in the months since, the U.S. Department of Justice (DOJ) has continued to pursue fraud investigations targeting PPP loan recipients across the country.”

In fact, it turns out to be good employment news for lawyers. The Department of Justice is currently hiring trial attorneys to prosecute loan fraud cases. But there are more reasons why the Paycheck Protection Program may have burned through its funds more quickly than its expected end date of May 31^st.

Paycheck Protection Program Loans Going to Places That Do Not Need Them is Another Issue

In a paper published by NBER.org, that organization found, “funds were targeted towards areas less severely affected by the virus, at least initially.” While things have changed, and the distribution process has improved dramatically, there may still be some questionable places where PPP funds went but were not needed – at least not as desperately as they have been needed in other industries and other parts of the country.

PPP Set Aside Still Has Some $$ – For Now

Also per the New York Times, “Some money — around $8 billion — is still available through a set-aside for community financial institutions, which generally focus on lending to businesses run by women, minorities and other underserved communities. Those lenders will be allowed to process applications until that money runs out…”.

Hence if you are a member of a protected class, you may be in luck. If you want a Paycheck Protection Program loan, and you have not acted yet, then your best (and only) bet is to go through a community financial institution. And you had best hurry.

Will more money be released to bolster this program for yet another round of funding? It is hard to say. Given that there was an April hiring boom, it is entirely possible that Congress and the President will decide to wait and see. Or, maybe, forgo another round while the economic recovery stays strong. As always, that could change at any time.

As a result, it is probably a good idea to look at alternatives to the Paycheck Protection Program.

Demolish your funding problems with 27 killer ways to get cash for your business.

3 Great Alternatives to the Paycheck Protection Program

3. 401(k) Financing

This is not a loan. You will not have to pay an early withdrawal fee or a tax penalty. You put the money back by contributing, just like with any 401(k) program. This means you won’t lose your retirement funds. This is a 401(k) Rollover for Working Capital program. The IRS calls it a Rollover for Business Startups (ROBS).

Per the IRS, a ROBS qualified plan is a separate entity with its own set of requirements. The plan, through its company stock investments, rather than the individual owns the trade or business. Therefore, some filing exceptions for individuals may not apply to such a plan. This type of financing isn’t a loan against, your 401(k), so there’s no interest to pay. It does not use the 401(k) or stocks as collateral. Instead, this is simply a movement or change of custodian.

Credit Suite offers 401(k) financing.

401(k) Financing: Terms and Qualifying

The Credit Suite 401(k) financing offers a powerful and flexible way for new or existing businesses and franchises to leverage assets that are currently in a 401(k) plan or IRA. In as little as 2 weeks you can invest a portion of your retirement funds into your business, giving you more control over the performance of your retirement plan assets and the working capital you need for business growth.

401(k) financing is easy to qualify for as you won’t need financials or good credit to get approval.

To qualify for 401(k) financing all any lender will require is a copy of your two most recent 401(k) statements. If your 401(k) has a value more than $35,000 you can get approval, even with severely challenged personal credit.

Pay low rates, often less than 5%. Your 401(k) will need to have more than $35,000 in it.

Can usually get up to 100% of what’s “rollable” within your 401(k). The lender will want to see a copy of your two most recent 401(k) statements.

You can get 401(k) financing even with severely challenged personal credit. The 401(k) you use cannot be from a business where you are currently employed. So it will need to be from older employment. You cannot be currently contributing to it.

Do You Have Credit Issues Now?

Our 401(k) financing program is perfect for business owners who have credit issues. Lenders are not looking for, nor do they require good credit to qualify. You can even get approval for a low-interest credit line, even with severely challenged personal credit and low credit scores.

You can get approval for a credit line, regardless of personal credit quality, even if you have recent derogatory items and major collections on your credit report.

This is one of the best and easiest business financing programs in existence that you can qualify for and get really good terms even if you have severe personal credit problems. You will need to pay a lender fee; it will include 5 years’ worth of management and consulting.

Demolish your funding problems with 27 killer ways to get cash for your business.

2. Account Receivable Financing

Many businesses wait weeks, even months to get paid on their outstanding account receivables. This typically creates major cash-flow issues as they provide their goods and services and absorb those costs until they eventually get paid sometimes 90 days later.

Hence another funding option is to use outstanding account receivables as collateral for financing. Receivables should be with the government or another business. If you also have purchase orders, then you can get financing to have those filled. You won’t need to use your cash flow to do so. You can get an accounts receivable credit line with rates of less than 1% with no consumer credit requirement.

Account Receivables Financing: Terms and Qualifying

Use your outstanding account receivables for financing. Get as much as 80% of receivables advanced ongoing in less than 24 hours. Remainder of the accounts receivable are released once the invoice is paid in full. Factor rates as low as 1.33%. Get an accounts receivable credit line with rates of less than 1% with no consumer credit requirement.

Account Receivables Financing Through Credit Suite

With Credit Suite Account Receivable Financing you can get rates less than 2% and financing as high as $20,000,000 even with severely challenged personal credit.

Easy Qualification Process

To qualify for AR Financing your business must be open for at least 12 months. The lender will review your existing receivables or purchase orders and will look into the company that your receivables are with.

If the companies who owe you money have a good history of paying their debts, you can easily get approval regardless of your personal credit quality.

Do You Have Credit Issues Now?

The Credit Suite Account Receivable Financing program is perfect for business owners who have credit issues. Lenders are not looking for, nor do they require good credit to qualify. You can even get approval and be advanced 80% of your receivables, even with severely challenged personal credit and low credit scores.

Get approval with a personal credit score lower than 500, even if you have recent derogatory items and major collections on your credit report. Lenders truly don’t care about your personal credit; they care more about the credit of the company where you have the receivables.

This is one of the best and easiest business financing programs in existence that you can qualify for and get really good terms even if you have severe personal credit problems.

You can get paid tomorrow instead of waiting weeks or months for payment. And you can do this for less than the cost of you accepting a credit card payment from your customers.

There are very few other programs in existence that can give you these low rates even if you have severe personal credit challenges.

Demolish your funding problems with 27 killer ways to get cash for your business.

1. The Credit Suite Credit Line Hybrid is a Terrific Alternative to a PPP Loan

A credit line hybrid is a form of unsecured funding.

Our Credit Line Hybrid program is extremely popular due in part to how easy it is to get approval. To qualify lenders will look solely at your or your credit partner’s personal credit quality. They are looking for very good personal credit with no derogatory items reporting.

Our credit line hybrid has an even better interest rate than a secured loan. Get some of the highest loan amounts and credit lines for businesses. You can get 0% business credit cards with stated income. These report to business CRAs. So you can build business credit at the same time. This will get you access to even more cash with no personal guarantee.

Credit Line Hybrid: Terms and Qualifying

You need a good credit score or a guarantor with good credit to get an approval (a FICO score of at least 680). Your credit utilization on each of your revolving accounts has to be less than 40%. You can have no more than six inquiries per bureau in the past six months. Fewer inquiries are preferable. You cannot have more than four unsecured accounts opened within the past 12 months. And you cannot have any bankruptcies in the previous seven years.

Plus, there can be no open (unpaid) collections, liens, or judgments. And no late payments in the last 24 months. You will need to have a seasoned bank card trade line with a $2,000 limit or higher. A higher limit is preferred.

Plus, you must have at least two open revolving accounts with a good payment history spanning a year and a half to two years.

No financials are necessary. You can often get a loan of five times the amount of current highest revolving credit limit account. This is up to $150,000.

Do You Have Credit Issues Now?

If you have good credit there is a good chance you can get approval for our Credit Line Hybrid. But even if you have personal credit issues now and no established business credit, we still might be able to help.

You can qualify for our Credit Line Hybrid program with a personal guarantor. If you have someone such as a business partner who does have good personal credit, they can apply and qualify for unsecured financing for the business.

Our collateral-based financing programs are perfect for consumers with personal credit challenges. Get approval with great terms and get approval even with severe credit issues. You can also qualify for financing with us if you have been open more than a year and have active cash flow for your business now.

You can use our Business Credit Building Program to help quickly establish a business credit profile and score so you can qualify for unsecured financing based on your business credit. We even work with a powerful network of credit improvement specialists who can help you repair your personal credit damage.

Paycheck Protection Program and its Alternatives: Takeaways

The Paycheck Protection Program has been in flux ever since it was first announced over a year ago. And the fact that it’s again out of funds should come as no surprise.

But don’t despair if you feel you’ve missed out on business financing. Try any of our alternatives to the PPP – and these three just scratch the surface when it comes to all that Credit Suite has to offer.

You can get business funding and stay afloat – no matter what’s going on with the PPP. Why not reach out today to find out the details on what you can get for your business?

The post What’s This? The Paycheck Protection Program is out of Money Again? appeared first on Credit Suite.

Can the Best Hard Money Lenders Make this Form of Business Funding Worthwhile?

What are the Best Hard Money Lenders, and is Hard Money Lending Worth It?

Even the best hard money lenders can be problematic. Read on to find out more.

Hard Money Lenders and Hard Money Funding

If you’re looking to flip houses, you may have heard these terms. But what is hard money funding, and can it work for you?

Hard Money Funding: What Is It?

Hard money loans are asset-based loans that can fund any real estate investment. These loans are based on the property value. There is no need for background checks or credit scores. Some lenders even offer hard money loans based on the after-repair value of a building. Hard money lenders make finance house flipping with their asset-based loans.

Hard Money Funding: Positives

Since it’s based on the real estate value (before or after repair), a borrower with poor credit can get these loans. Hard money loans are fast, sometimes even within 24 hours of application.

Hard Money Funding: Negatives

Interest rates can be very high, as in three times that of banks. Terms can be very short, as in 6 – 18 months, versus a standard 30-year mortgage.

Plus a hard money lender wants you to have some skin in the game, typically at least 10% of your own money. That way the lender knows their interests are protected, because you don’t want to lose your money. Hard money loans also tend to not be subject to consumer lending regulations. So, caveat emptor.

How is Hard Money Funding Used?

If you go ahead with hard money funding, its use is virtually always for real estate projects. These are either house flipping, or real estate investments.

Fix and Flip Loans

House flipping consists of buying a property, repairing it, and selling it for a profit. Fix and Flip loans are one of the most common types of hard money loans. For house flippers, having fast funds for their flips is a necessity. These hard money loans are made for house flippers looking to flip a property by making some upgrades and selling it for a profit.

Fix and flip loans are short term loans (6 – 12 months) covering almost all the house flipping costs. Hard money funding is not only used to cover the property value of the building. It also pays for a portion of the repairs needed to flip. For example, some hard money lenders even offer to base the loan on the after-repair value of the flip. This gives the house flipper more funds to flip with from fix and flip lenders.

Demolish your funding problems with 27 killer ways to get cash for your business.

Long Term Rentals

House flippers don’t always sell the buildings they repair. Many make passive income by renting their properties. For those looking to acquire and upgrade large rentals, hard money funding is essential. This type of flipper financing lends on the underlying asset of the property.

To make the most of long-term rentals, upgrading and repairing the property is necessary. Here, hard money loans are based on the after-repair value of the property. House flipper funding for large one-time repairs to a property helps improve the property for higher rents. It also helps to offset the cost of the repairs.

Vacation Rental Flips

With alternative rental sites like Airbnb becoming more and more popular, house flippers are looking into flipping vacation rentals with hard money loan lenders. Vacation rentals can turn over large profits but many will require large repairs to get more bookings. These repairs and modern upgrades are necessary to ensure solid bookings throughout the year. Using hard money funding to make upgrades is faster than using a traditional lender. Like all flipper financing, the loan is based on property value and not the applicant’s credit history.

Home Rehabs

Paying cash for a property is a great way to lower costs for a property. But it leaves gaps for funding repairs. Home rehabs are ideal for one-time large repairs. This can be for a flip that they bought in cash, a rental, or anything in between.

Often when looking to charge more in rent, house flippers will add amenities and upgrades to their properties. Home rehabs can also be for investors looking to sell off property and maximize their return by adding a few upgrades. With only using flipper financing for the repairs, the house flipper can save money on down payments. This means a larger profit margin via hard money lending. Hard money funding can be a way to make sure projects finish on time.

Hard Money and Bridge Loans

Sometimes house flippers need to refinance properties to prevent foreclosures, get better rates, or get more cash to finish their flip. Bridge loans, a special type of flipper funding, can help flippers complete their projects to save them from foreclosure. Bridge loans work to ‘bridge’ cash gaps for a property. This cash is used to finish the flip, sell the property, or prevent foreclosure.

Hard Money, Bridge Loans, and Foreclosures

Sometimes, house flippers will use hard money loans to buy foreclosed properties. This makes them a great option for someone looking to pounce on a great deal in the fast-moving real estate market. Sometimes bridge loans fund short sale loans, or even the acquisition of off-market properties. They can help you get a hard money loan for auction property.

Hard Money and Refinancing

Reasons for refinancing include to prevent foreclosure, fill in cash flow, or make sure a project is done on time. Hard money funding can help with all of these issues. This type of funding works for house flippers who need a one-time influx of capital.

Hard Money Funding: Beyond the Flip

Hard money funding can be used for more than flips. It can also be used for commercial real estate financing. This is for commercial properties such as retail stores. Note: hard money loan rates will vary.

Demolish your funding problems with 27 killer ways to get cash for your business.

Options Beyond Hard Money Lenders and Funding

Flippers and commercial real estate investors have choices beyond hard money loans. They can try a home equity loan for flipping, or an investment property line of credit for real estate investments. Another option is a business line of credit.

Yet another option is a cash out refinance loan, or a permanent bank loan/online mortgage. Rates and terms will vary. But for great rates, have you checked out what Credit Suite has to offer?

Check Out Commercial Real Estate Financing from Credit Suite and Connect to Hard Money Lenders

Amounts range from $100,000 – $20,000,000. This financing can be used for refinancing a property, even if you are doing a cash-out refinance. Maximum LTV 70%.

Loan-to-values range from 55 – 65%, depending on the purpose of the loan. Plus your clients can also get SBA loans. Renovations get loan to value of up to 60%.

Credit Suite has funding programs available including conventional property financing, money for investment properties and hard money loans, bridge loans and loans for the purchase of commercial real estate.

Commercial Real Estate Financing for All Types of Buildings

Credit Suite offers financing for many different, even unique property types. Get funding for industrial offices (general or medical/dental), light manufacturing buildings, self-storage facilities, and more.

Demolish your funding problems with 27 killer ways to get cash for your business.

Details on Credit Suite’s Commercial Real Estate Financing Program

Approval amounts go up to $20,000,000. Bad credit is accepted. Use the real estate as collateral. You will need to provide bank statements. House reseller financing or a commercial real estate loan can be a big step, let’s take it together.

The Best Hard Money Lenders? The Jury is Still Out on Whether This Form of Funding is the Best Idea

Hard money funding can be a good choice for house flippers and commercial real estate investors who have bad credit or want/need to get money fast. But interest rates can be high, and terms can be short. Plus there is little regulation. Credit Suite can help you get funding for commercial real estate or house flipping, with better rates and terms than you would expect.

The post Can the Best Hard Money Lenders Make this Form of Business Funding Worthwhile? appeared first on Credit Suite.