Author: Marisol Barnhart

New comment by lzucchetti in "Ask HN: Who is hiring? (March 2021)"

Airteam | Australia | Remote options available (Australia only) | Full time permanent and contract positions available | No visa sponsorship available

We have 2 open positions:

Senior Front-end Developer – 5+ years programming experience with advanced javascript skills, Angular/React, JSON, common web patterns and frameworks.
https://www.airteam.com.au/careers/role/senior-frontend-deve…

Senior Javascript Developer – 5+ years of solid JavaScript experience; you must be comfortable with React and modern JavaScript. Plus, experience with AWS (we do full-stack serverless JS) – AWS certifications highly regarded!
https://www.airteam.com.au/careers/role/senior-javascript-de…

Full role details and applications to be made through our website: https://www.airteam.com.au/careers

We are an equal opportunity employer and consider all applicants including people of different ages, gender, ethnicity, physical ability, sexual orientation, religious belief, work experience, educational background. We prefer not to work with recruiters.

Thanks!

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How to Get a Business Loan with Bad Credit

Can you get a business loan with bad credit? If you already own a business, it’s a little easier. For starting a business, it’s a little more difficult.  You don’t have all the options you may have if your business is already established. For example, you do not have receivables to finance or credit card purchases to use to get a merchant cash advance.  That does not mean there are no options however. 

Can You Get A Business Loan with Bad Credit to Start a Business? 

There are options for starting a business, even if you have no money and less than stellar credit. Some of the options are loan options, and some of them are something different all together. You can get a business loan with bad credit, but it will not come without a cost. 

Collateral

Most of the options for a business loan with bad credit are going to require collateral. Here are some of those options. 

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

SBA Loans

There are many SBA loan programs.  For starting a business, the 7(a) program seems to be the most useful.  As the Small Business Administration’s flagship loan program, it offers federally funded term loans up to $5 million. You can use the funds for a number of things, including  expansion, purchasing equipment, working capital, and even starting a business.  Banks, credit unions, and other specialized institutions in partnership with the SBA process these loans and disburse the funds.

The minimum credit score to qualify is 620, and there is also a required down payment of at least 10% for the purchase of a business, commercial real estate, or equipment. The minimum time in business is 2 years. In the case of startups, business experience equivalent to two years will suffice. Here’s the kicker. You have to have collateral worth up to 50% of the loan to get approval with the minimum credit score.

The 7(a) is by far the most popular of the SBA loan programs, and the funds are available for a broad range of projects, from working capital to refinancing debt, and even buying a new business or real estate.

401K Loan

If you have a 401K, you can take a loan from it to fund a business.  You will be paying it back with interest, but the interest is being paid to yourself.  Yet, there is an even better option than this for 401K financing to start a business. 

The IRS calls it a Rollover for Business Startup (ROBS).  Why is it better than a 401K loan?  First of all, not all plans allow for loans.  If your plan does, the IRS will only let you borrow up to 50%, up to $50,000, before you have to start paying taxes.

Also, with a 401k loan, you would be paying interest.  That isn’t terrible, as you are paying interest to yourself. However, you will be making monthly payments, whereas with the 401K Rollover for Working Capital, there is no payment.

This is a unique program. It allows you to tap into your existing retirement account without penalties or taxable distributions. You also avoid loans, banks, or credit checks. There is no debt and no monthly payment. 

The lender will ask for 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 really 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. 

This type of funding can also help you build business credit. 

Guarantor

If you do not have collateral and you have bad credit, you are probably going to need a guarantor.  You can use a guarantor to get most types of loans.  One great option is the Credit Line Hybrid. 

A partner, friend, or family member with good credit can work as a guarantor.

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

Credit Line Hybrid 

This is unsecured business funding.  It allows you to fund your business without putting up collateral, and you only pay back what you use.  

If you don’t have a guarantor, you have to have a minimum credit score of 680.  In addition, you can’t have any liens, judgments, bankruptcies or late payments.  Furthermore, in the past 6 months you should have fewer than 5 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards.  It’s also preferred that you have established business credit as well as personal credit. 

Typically, approval is up to 5x that of the highest credit limit on the personal credit report. Often, you can get interest rates as low as 0% for the first few months, allowing you to put that savings back into your business. 

The best part however, is that these accounts help build business credit as well. 

You can use the cash you get from the Credit Line Hybrid to fund a down payment on an SBA loan if needed. 

What If You Do Not Have Collateral or a Guarantor? 

What if you cannot get a business loan with bad credit? Maybe you don’t have collateral or a guarantor? There are a few other possibilities.  You can work with a crowdfunding crowdfunding company. The problem with crowdfunding is that, despite some companies finding success, success is the exception rather than the rule. 

Angel investors are an option as well.  These informal investors are often family or friends, but not always.  

Another option is alternative lenders.  These are non-bank lenders that will sometimes offer loans to businesses with lower minimum credit scores.  They do look at other factors, like time in business and income.  In fact, most of the time you have to be in business for at least 6 months. 

That makes it hard, though not impossible, to get funding from alternative lenders to start a business.

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

You Need a Plan, and Business Credit

Ok so, you need to figure out how to get the funding to start.  Explore all your options, including  finding a guarantor, collateral, or tapping into your 401K.  Often the best idea is to combine two or more funding sources to get things rolling.  Still, however you start, begin building your business credit profile from the start. 

Your business credit profile is similar to your personal credit profile, except that is solely for your business.  It includes your business credit score, which is a way that lenders can determine how likely your business is to repay its debt, apart from you the owner. 

The thing about a business credit score is, you have to be intentional about establishing and building it. The first step is setting your business up properly to be fundable from the start.  Then, you can work on getting accounts that will report to your business credit profile and help you build your score. 

Once you have a strong business credit score, it will be much easier to get a business loan with bad credit, because your personal credit will not be the only thing lenders consider.  Don’t ignore it, because it can still affect things.  However, it will no longer be the sole ruler of your financial future. Find out more today at CreditSuite.com.

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YC Gaming Startups Are Hiring (Job Expo with Emmett Shear, CEO of Twitch)

event link: https://www.workatastartup.com/events/gaming-tech-talks-2020

YC’s Work at a Startup and founders and teams of 8 YC gaming startups are coming together to host a first ever job expo focused on gaming this November. Emmett Shear, CEO of Twitch will be joining us to share his insights on how the business and technology of gaming is rapidly changing.

Aside from Emmett (if you haven’t seen it, check out his excellent TED Talk on what streaming means for the future of entertainment: https://www.ted.com/talks/emmett_shear_what_streaming_means_…), we’ve got three pretty cool 10-minute lightning talks lined up:

– Designing Characters with Deep Learning, Cory Li, Founder at Spellbrush (W18)

– Synthetic Media: Virtual Influencers and Live Animation, Jay Rosenkrantz, Founder at Figments (S19)

– MMOs in the Instagram Era, Jimmy Xu, Founder at Highrise (S18)

After the talks, we’ll open up a virtual expo hall to meet with the founders and teams.

Many of the gaming startups fly under the radar at YC, but in my (biased!) opinion, if you love games they’re some of the most exciting. And the gaming industry often tackles some of the most exciting and challenging frontier technology problems before anyone else.

Working at a startup is not for everyone – and gaming startups are some of the craziest for sure. But if you’re in a position to go for it, based on my experiences I can say there might be no greater adventure. So if this piques your interest, check out the event link and apply to attend/come learn about open roles in engineering, game design, art, marketing/media and more.

Hope to see you there!

Comments URL: https://news.ycombinator.com/item?id=24880422

Points: 1

# Comments: 0

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Build Credit with No Credit in a Recession

Is the novel coronavirus getting you down? Life is on pause – and it looks like we are heading right into a recession. Still, it can be the perfect time to improve your business. Yes, you can build credit with no credit in a recession. Here’s how.

Learn How to Build Credit with No Credit in a Recession – We Show You How!

Can you build credit with no credit in a recession? It’s admittedly not easy but it’s far from impossible. Patience and creativity are your best friends.

Build Credit with No Credit in a Recession

Company credit is credit in a company’s name. It doesn’t tie to a business owner’s consumer credit, not even if the owner is a sole proprietor and the sole employee of the small business.

Consequently, a business owner’s business and individual credit scores can be very different.

Build Credit with No Credit in a Recession: The Advantages

Since business credit is independent from individual, it helps to safeguard a small business owner’s personal assets, in case of court action or business bankruptcy.

Also, with two separate credit scores, a business owner can get two separate cards from the same vendor. This effectively doubles purchasing power.

Another advantage is that even new ventures can do this. Going to a bank for a business loan can be a formula for frustration. But building company credit, when done right, is a plan for success.

Consumer credit scores are dependent on payments but also additional considerations like credit usage percentages.

But for small business credit, the scores really just depend on whether a small business pays its bills punctually.

Build Credit with No Credit in a Recession: The Process

Growing company credit is a process, and it does not happen without effort. A small business must actively work to build business credit.

Having said that, it can be done readily and quickly, and it is much quicker than developing individual credit scores.

Vendors are a big component of this process.

Doing the steps out of sequence will lead to repetitive denials. Nobody can start at the top with company credit. For instance, you can’t start with retail or cash credit from your bank. If you do, you’ll get a denial 100% of the time.

Build Credit with No Credit in a Recession: Start with Company Fundability

A small business has to be fundable to lenders and vendors.

For this reason, a company will need a professional-looking website and email address. And it needs to have website hosting from a merchant like GoDaddy.

Also, company telephone and fax numbers need to have a listing on ListYourself.net.

Additionally, the company phone number should be toll-free (800 exchange or the like).

A small business will also need a bank account devoted purely to it, and it must have every one of the licenses necessary for running.

Licenses

These licenses all must be in the correct, accurate name of the business. And they need to have the same company address and phone numbers.

So note, that this means not just state licenses, but potentially also city licenses.

Build Credit with No Credit in a Recession Credit Suite

Learn more here and get started toward growing company credit. Get money even in a recession!

Build Credit with No Credit in a Recession and Deal with the IRS

Visit the Internal Revenue Service web site and get an EIN for the company. They’re free. Select a business entity like corporation, LLC, etc.

A business may get started as a sole proprietor. But they absolutely need to switch to a variety of corporation or an LLC.

This is to diminish risk. And it will make best use of tax benefits.

A business entity matters when it comes to taxes and liability in the event of litigation. A sole proprietorship means the owner is it when it comes to liability and taxes. Nobody else is responsible.

The best thing to do is to incorporate. You should only look at a DBA as an interim step on the way to incorporation.

Build Credit with No Credit in a Recession: Getting Started

Start at the D&B web site and get a cost-free D-U-N-S number. A D-U-N-S number is how D&B gets a business into their system, to produce a PAYDEX score. If there is no D-U-N-S number, then there is no record and no PAYDEX score.

Once in D&B’s system, search Equifax and Experian’s web sites for the company. You can do this at www.creditsuite.com/reports. If there is a record with them, check it for accuracy and completeness. If there are no records with them, go to the next step in the process.

In this manner, Experian and Equifax will have activity to report on.

Starter Vendor Credit

First you must build tradelines that report. Then you’ll have an established credit profile, and you’ll get a business credit score.

And with an established business credit profile and score you can begin to get credit for numerous purposes, and from all sorts of places.

These sorts of accounts have the tendency to be for things bought all the time, like marketing materials, shipping boxes, outdoor workwear, ink and toner, and office furniture.

But first off, what is trade credit? These trade lines are credit issuers who give you starter credit when you have none now. Terms are ordinarily Net 30, versus revolving.

So, if you get an approval for $1,000 in vendor credit and use all of it, you need to pay that money back in a set term, like within 30 days on a Net 30 account.

Details

Net 30 accounts must be paid in full within 30 days. 60 accounts have to be paid fully within 60 days. In contrast to revolving accounts, you have a set time when you must pay back what you borrowed or the credit you made use of.

To begin your business credit profile the proper way, you need to get approval for vendor accounts that report to the business credit reporting agencies. When that’s done, you can then use the credit.

Then pay back what you used, and the account is on report to Dun & Bradstreet, Experian, or Equifax.

Vendor Credit – It Helps

Not every vendor can help like true starter credit can. These are vendors that grant approval with nominal effort. You also want them to be reporting to one or more of the big three CRAs: Dun & Bradstreet, Equifax, and Experian.

As you get starter credit, you can also start to get credit from retailers. This is to continue to verify you are responsible and pay in a timely manner. Here are some stellar choices from us: https://www.creditsuite.com/blog/5-vendor-accounts-that-build-your-business-credit/

Uline

Uline is a true starter vendor. You can find them online at www.uline.com. They offer shipping, packing, and industrial supplies, and they report to D&B and Experian. You MUST have a D-U-N-S number and an EIN before starting with them. They will ask for your business bank information. Your business address must be uniform everywhere. You need for an order to be $50 or more before they’ll report it. Your first few orders may need to be prepaid initially so your company can get approval for Net 30 terms.

  • How to apply with them:
  • Add an item to your shopping cart
  • Go to checkout
  • Select to Open an Account
  • Select to be invoiced

Quill

Quill is another true starter vendor. You can find them online at www.quill.com. They sell office, packaging, and cleaning supplies. And they also sell toner, office furniture, and even shipping and school supplies. They report to Dun and Bradstreet every quarter.

To apply, you MUST have a D&B PAYDEX score. If not given a Net 30 they will ask you to do prepaid orders of $100.00. Normally any prepaid order won’t report but you would need them to have given you a Net 30 account. Net 30 accounts require $50.00 purchase to report.

New business or businesses with no credit history may need to prepay purchases until Net 30 approval. Terms are Net 30.

  • Here’s how to qualify:
  • Your business entity must be in good standing with the applicable Secretary of State
  • You must have an EIN and a D-U-N-S number
  • Business address (it has to match everywhere)
  • Business license (if applicable)
  • A business bank account

Apply online or over the phone.

Grainger Industrial Supply

Grainger Industrial Supply is likewise a true starter vendor. You can find them online at www.grainger.com. They sell hardware, power tools, pumps and more. They also do fleet maintenance. And they report to D&B. You need a business license, EIN, and a D-U-N-S number.

  • To qualify, you need the following:
  • A business license (if applicable)
  • An EIN number
  • A company address matching everywhere
  • A business bank account
  • A D-U-N-S number from Dun & Bradstreet

Your corporate entity must be in good standing with the applicable Secretary of State. If your company does not have established credit, they will require additional documents. So, these are items like accounts payable, income statement, balance sheets, and the like.

Apply online or over the phone.

Accounts That Don’t Report

Non-reporting trade accounts can also be helpful. While you do want trade accounts to report to at the very least one of the CRAs, a trade account which does not report can still be of some worth.

You can always ask non-reporting accounts for trade references. Also, credit accounts of any sort should help you to better even out business expenditures, consequently making financial planning easier.

Store Credit

Store credit comes from a variety of retail companies.

You must use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, use the company’s EIN on these credit applications.

Fleet Credit

Fleet credit is from service providers where you can purchase fuel, and fix and take care of vehicles. You must use your Social Security Number and date of birth on these applications for verification purposes. For credit checks and guarantees, make sure to apply using the company’s EIN.

Build Credit with No Credit in a Recession Credit Suite

Learn more here and get started toward growing company credit. Get money even in a recession!

Cash Credit

These are businesses such as Visa and MasterCard. You must use your SSN and date of birth on these applications for verification purposes. For credit checks and guarantees, use your EIN instead.

These are frequently MasterCard credit cards.

Build Credit with No Credit in a Recession Credit Suite

Learn more here and get started toward growing company credit. Get money even in a recession!

Build Credit with No Credit in a Recession and Monitor Your Business Credit

Know what is happening with your credit. Make sure it is being reported and attend to any inaccuracies as soon as possible. Get in the practice of checking credit reports. Dig into the particulars, not just the scores.

We can help you monitor business credit at Experian and D&B for 90% less than it would cost at the business CRAs.

At Equifax, you can monitor your account at: www.equifax.com/business/business-credit-monitor-small-business.

Update Your Data

Update the details if there are errors or the information is incomplete. At D&B, you can do this at: https://iupdate.dnb.com/iUpdate/viewiUpdateHome.htm. For Experian, go here: www.experian.com/small-business/business-credit-information.jsp. So for Equifax, go here: www.equifax.com/business/small-business.

Build Credit with No Credit in a Recession and Fix Your Business Credit

So, what’s all this monitoring for? It’s to dispute any errors in your records. Mistakes in your credit report(s) can be corrected. But the CRAs usually want you to dispute in a particular way.

Get your business’s PAYDEX report at: www.dnb.com/about-us/our-data.html. Get your company’s Experian report at: www.businesscreditfacts.com/pdp.aspx?pg=SearchForm. And get your Equifax business credit report at: www.equifax.com/business/credit-information.

Disputes

Disputing credit report errors normally means you send a paper letter with copies of any proof of payment with it. These are documents like receipts and cancelled checks. Never send the original copies. Always send copies and retain the originals.

Fixing credit report mistakes also means you specifically spell out any charges you challenge. Make your dispute letter as understandable as possible. Be specific about the problems with your report. Use certified mail so that you will have proof that you sent in your dispute.

Dispute your or your small business’s Equifax report by following the instructions here: www.equifax.com/small-business-faqs/#Dispute-FAQs.

You can dispute inaccuracies on your or your company’s Experian report by following the directions here: www.experian.com/small-business/business-credit-information.jsp.

And D&B’s PAYDEX Customer Service phone number is here: www.dandb.com/glossary/paydex.

A Word about How to Build Credit with No Credit in a Recession

Always use credit responsibly! Don’t borrow beyond what you can pay back. Keep track of balances and deadlines for repayments. Paying on schedule and fully will do more to raise business credit scores than virtually anything else.

Building business credit pays. Good business credit scores help a company get loans. Your lending institution knows the small business can pay its debts. They recognize the small business is authentic.

The company’s EIN connects to high scores and loan providers won’t feel the need to request a personal guarantee.

Build Credit with No Credit in a Recession: Takeaways

Business credit is an asset which can help your business for many years to come. Learn more here and get started toward establishing small business credit. The COVID-19 situation is not going to last forever.

The post Build Credit with No Credit in a Recession appeared first on Credit Suite.

New comment by jozem in "Ask HN: Freelancer? Seeking freelancer? (September 2020)"

SEEKING WORK | EU/AU/US | Remote

Technologies: Android, Kotlin Multiplatform Projects, Java

Résumé/CV: https://zemberi.com/josip-zemberi-CV.pdf

Email: josip@zemberi.com

Website: https://zemberi.com

Earliest start date: September 21, 2020

I’m an Android Developer that works as an independent contractor, b2b, through my German company.

For clients outside Europe, I adjust my core working hours to the timezone of the team.

I’m open to both full-time and part-time opportunities.

The post New comment by jozem in “Ask HN: Freelancer? Seeking freelancer? (September 2020)” appeared first on ROI Credit Builders.

Get Small Loans For Your Business the Easy Way With a Great Bank Rating

Even small loans can be challenging without a great bank rating. Learn why this little-known number matters, and how you can improve yours.

Need Small Loans for Your Business?

Even the search for small loans can be a recipe for frustration if you aren’t ready and don’t take the time to build your bank credit score. But what’s a bank credit rating, anyway?

Your Bank Credit Score – What’s it All About?

Do you know the distinction between bank credit scores and small business credit?

Company credit is the full and complete amount of money that your business can get from all manner of creditors. That means the banking system, credit unions, credit card companies, and also leasing firms. And it also means providers, under what’s called trade credit or vendor credit or trade lines. That is, the vendor credit tier.

A bank credit rating, on the other hand, is a measure of the full amount of borrowing capacity which a business can get from the banking system only. 

Bank Credit Scores Clarified

A business can get more company credit promptly, so long as it has at the very least one bank reference and an average daily account balance of at the very least $10,000 for the most recent three month time period. This setup will generate a bank credit score of a Low-5. So this means it is an Adjusted Debt Balance of from $5,000 to $30,000.

A lower rating, like a High-4, or balance of $7,000 to $9,999 will not instantly turn down the small business’s loan application. Nevertheless, it will slow down the approval process.

What is a Bank Score?

A bank rating is a measure of the average minimum balance as kept in a business bank account over a 3 month long period. Hence a $10,000 balance| will rank as a Low-5, a $5,000 balance will rank as a Mid-4. So a $999 balance will rate as a High-3, etc.

A company’s chief objective should always be to maintain a minimum Low-5 bank rating (or, an average $10,000 balance) for at least three months. This is because, without a minimum of a Low-5 score, most banks will operate under the assumption that the business has little to no capacity to pay off a loan or a business line of credit.

But there is one thing to remember: you will never actually see this number. The financial institution will simply keep this number in its back pocket.

The Bank Score Ranges

The numbers work out to the following ranges:

To get a High-5 score, your company will need to have an account balance of $70,000 to $99,999. For a Mid-5 score, your business must have an account balance of $40,000 to $69,999. And for a Low-5 rating, your business needs to hold onto an account balance of $10,000 to $39,000. So your company needs this level bank score or better to get a bank loan.

For a High-4 score, your company has to have an account balance of $7,000 to $9,999. And for a Mid-4 rating, your small business must maintain an account balance of $4,000 to $6,999. So for a Low-4 score, your small business will need to have an account balance of $1,000 to $3,999.

Ruining Your Bank Score

Unfortunately, there are a lot of ways to really destroy your bank rating. Here are 7 – and how you can fix them in order to get small loans or really any level of financing.

7th Way to Ruin Your Bank Credit Score and Lose Out on Small Loans

Do not maintain a minimum balance for a minimum of three months. Given that every bank rating cycle is based on the previous 3 months, a continuously seesawing balance ought to damage your bank score.

6th Way to Destroy Your Bank Credit 

Don’t bother to ensure that your business bank accounts are reported precisely the same way as all of your small business documents are, as well as with the exact same physical address (no post office box) and telephone number. Sow confusion here by editing one and not another, or not remedying an error if there is one.

Small Loans Credit Suite

Small Loans

Check out our professional research on bank ratings, the little-known reason why you will – or won’t – get a get a bank loan for your business.

5th Way to Destroy Your Bank Credit and Lose Out on Small Loans

To accompany #6, do not see to it that each and every credit agency and trade credit supplier also lists the business name and address the precise same way. This is every keeper of financial documents, earnings and sales taxes, internet addresses and e-mail addresses, directory assistance, and so on.

No loan provider is going to stop to consider the myriad manners in which a business might be listed, when they explore the business’s creditworthiness. For this reason if they are not able to locate what they need quickly, they will either deny an application or it won’t be reported to a business credit reporting agency such as Experian, Equifax or Dun & Bradstreet.

Therefore, if they are not able to discover what they need quickly, they will just reject the application. So see to it your records are a mess!

4th Way to Damage Your Bank Credit Score

Never manage your bank account responsibly. This means that your small business must not avoid writing non-sufficient funds (NSF) checks at all costs, because those annihilate bank ratings. Non-sufficient-funds checks are something which no business can afford to let happen.

Balancing checkbooks and accounts is so dull anyway. You’ve got adequate money without even making sure, right?

3rd Way to Destroy Your Bank Credit Rating and Lose Out on Small Loans

To add to #4, do not include overdraft protection to your bank account ASAP, in order to avoid NSFs. Why bother thinking in advance or preparing for the future? Everything is going to be fantastic forever, right?

Writing checks insufficient funds (NSFs) is a sure way to destroy your bank score.

2nd Way to Damage Your Bank Credit Score

Do not let your small business show a positive cash flow. The cash coming in and leaving your business’s bank account must show a positive free cash flow.

A positive free cash flow is the quantity of profits left over after a business has paid every one of its expenses. According to Investopedia, it “represents the cash a company can generate after required investment to maintain or expand its asset base. It is a measurement of a company’s financial performance and health.”

When an account shows a positive cash flow it indicates your small business is producing more earnings than is used to run the business. That means the financial institution will feel your company can pay its expenses.

So if you actually intend to trash your bank score, get whatever’s expensive for your business so your expenses overtake your profits. Doesn’t every manufacturing facility deserve plush carpeting in the loading dock?

Biz Lending Credit Suite

Small Loans

Check out our professional research on bank ratings, the little-known reason why you will – or won’t – get a get a bank loan for your business.

1st Way to Ruin Your Bank Credit and Lose Out on Small Loans

Financial institutions are extremely motivated to lend to a company with consistent deposits. And a business owner should also make regular deposits in order to preserve a positive bank score. The business owner needs to make several regular deposits, greater than the withdrawals they are making, in order to have and preserve a good bank rating. If they can do that, then they will have a great bank credit rating.

Consistency is the hobgoblin of little minds, right? So be a free spirit!

Damage Your Business’s Bank Score and Losing Out on Small Loans – Even Though You Will Never See This Number

You, the entrepreneur must never make regular deposits. And these deposits ought to never be more than the withdrawals you are making, in order to ruin your bank credit rating.

If you can do these things, then your company will have a dreadful bank credit rating. And, subsequently, a bad bank credit rating means your firm is far less likely to get small business loans.

Just Kidding: Obviously We Do Not Really Want You to Miss Out on Small Loans!

So, where do you go from here?

The First Great Way to Rescue Your Bank Credit Score

Possibly the most convenient way to attain and maintain a good bank credit is to deposit at least $10,000 into your small business bank account and maintain it there for as much as a half year. While you will still have to make consistent deposits, this one straightforward step will aid in 3 ways. 

One, you will have maintained an excellent minimum balance for at the very least three months. Two, you will probably not overdraw with such an excellent balance. And three, you will get to the magic minimum for a Low-5 bank credit rating. Hence you will be dealing with our #4 and #7, above.

And you might even have the ability to get around our #3. But we still highly recommend overdraft protection.

The Second Wonderful Way to Rescue Your Bank Credit Rating

A 2nd need is to make sure your small business account details are consistent across the board, all over. While it might take some work order to ensure everything is right, you will be taking care of #5 and #6, above.

The Third Great Way to Rescue Your Bank Credit 

A third necessity is to make regular deposits. And make certain they are more than the quantities you are withdrawing every month. This will take care of our #1 and #2 smoothly.

Takeaways for Your Bank Credit Rating and Small Loans

Your bank rating is not to be trifled with. Although the financial institutions maintain a secret regarding them, failing to keep your bank credit rating high will make it a great deal harder to do well in business. You might not even get small loans, so be diligent!

Small Biz Lending Credit Suite

Check out our professional research on bank ratings, the little-known reason why you will – or won’t – get a get a bank loan for your business.

The post Get Small Loans For Your Business the Easy Way With a Great Bank Rating appeared first on Credit Suite.

New comment by jounijaakkola in "Ask HN: Who is hiring? (October 2019)"

Mavericks | Helsinki, Finland | ONSITE | https://mavericks.fi/

Mavericks is the end game for senior developers. In our business, only the best survive. All mavericks have long track records of delivering successful software projects in various domains. Besides exceptional technical skills, every maverick is more than capable of working closely with our customer independently. We just provide a platform for them to flourish. Would you have what it takes to be the next maverick?

Our organization is lean and the money goes to our consultants, so our customers really get the best bang for their buck. Why would anyone pay premium price for a senior developer when you could pay reasonable price for a maverick? Top developers are much more productive than average ones and we don’t spend our customer’s money in crazy design offices and extravagant lifestyle. We spend what we get in where it matters the most – our consultants.

We’re looking for all kinds of hands-on roles to help our clients with their software projects. React,Node,TypeScript,Java,Spring,Scala,Python,Clojure,Android,iOS,React Native,Flutter,AWS,GCP,Azure,Kubernetes,Terraform,Docker.

If you master some of these and have a proven track record as a software consultant, we can offer you excellent salary (7000+ / month), interesting projects and extremely flexible work environment.

Interested? Email contact@mavericks.fi

New comment by AdrianSalgado in "Ask HN: Freelancer? Seeking Freelancer? (August 2019)"

SEEKING WORK | Frontend Developer | Remote or Europe

Hello, I’m a Frontend Developer with 6 years of experience, working with React/Redux and VueJS for the past 2 years, I’ve also worked with React Native and would really love to keep working on something like that, really liked how it works.

I’ve also worked with NodeJS, Express, Postgres.

Currently have full time availability (40 hours a week),

Linkedin: linkedin.com/in/salgadoadrian
CV: https://docs.google.com/document/d/1rGhY4hH3SDGaPLWE34ZeOvv5…
Email: adriansalgadoa@gmail.com