Business Grants for Women

Ladies in business this grant website might help you to get your business idea jumpstarted. Check it out.

Women Owned Businesses With Experience Just 

Need The Cash -- WomenVenture Can Help

So many businesses owned by women were started by women who have a great deal of experience and a proven capacity to succeed. All they need is the money! Yet traditional lenders often ignore them. WomenVenture will not. In fact, women with experience are just the kind of clients that WomenVenture is looking for.   For more info click here

About the Publisher of Minority Business Financing

Minority Business Financing is Published by Kamau Austin. Austin is a published author in the field of business financing. 

Also Kamau is a popular Blogger, Writer, and Internet Marketing Professional helping small businesses grow more profitable businesses online. If you need web design, blogging, search engine or social media promotion contact him at Search Engine Plan

Kamau's Qu!ps reaches over 30,000 web users a month through it's Blog and Social Media Promotions. For Advertising Opportunities visit our Advertising Page

Grow Your Business with a Line of Credit

If you think you can't get funding for your business, think again. Many small businesses need only small sums of money to get moving or continue operation for things like meeting payroll, upgrading a website or much needed technology.

Having a line of credit would be a perfect solution for these challenges. But very often when it comes to asking for help, small business owners count themselves out of the game before they even try. A line of credit could put you on the road to fluid cash and success sooner than you think.

What Is A Line Of Credit?

Small business credit line financing, also called an operating loan, provides a business with money to cover day-to-day expenses. As funds are used, the established credit line is reduced. Once approved, you can access your revolving line of credit with a quick phone call or provided checks.

Where To Find One

Did you know you could qualify for an SBA Express Loan line of credit through your local bank? The Small Business Administration (SBA) offers promising businesses that might not otherwise qualify for business loans the chance to get the money they need to make their business continue to succeed. The loans are obtained with no collateral and minimal paperwork. Within 36 hours, you will know if you qualify.

Real Results

Gayle Naftaly, owner of Access Office (www.accessoffice.net) wanted to grow her business support company by developing a new logo, website and marketing materials. She was surprised to find out how easy it was to receive a line of credit at her local bank. She says that a good credit score was all she needed, and after just a few days she had the money she needed. "Business has tripled in gross sales since then with more clients, bigger clients and I now have better cash flow" says Ms. Naftaly. 

What makes a line of credit great is that it stays with you. It is something you use on an as-needed basis. As Ms. Naftaly says, "If you can manage money, a line of credit will definitely help you grow your business. You use it, replenish it and use it again."

Getting Help

Did you know that there are organizations dedicated to helping you succeed and can help you to obtain a line of credit? And yet most business owners, mired in the day-to-day activities of running a business, are not even aware of their existence.

One such organization is ACCION. According to ACCION's New York branch, "ACCION New York contributes to the economic development of the New York metropolitan region by providing microloans and business advisory services to individuals and small businesses that do not have access to traditional sources of credit."

On their website, http://www.accionnewyork.org , you can read about their mission, success stories and get contact information. ACCION has offices in various US locations as well as worldwide.

How To Improve Your Credit Rating

If you cannot qualify for a line of credit due to poor credit history, there is hope. Begin with cleaning up your current credit. Negotiate rates and payment plans with each credit entity.

Soon you will receive offers for credit cards, possibly secured. Get one and always pay on time--always means always. Pay as much above the minimum as possible. 

Soon you will find your FICO score (standard measure of credit worthiness) rising and it won't be long before you can have access to an SBA Express Loan or line of credit.

Getting a line of credit should be an easy part of your business growth plan.

Written by The Vteam, Kamau Austin, publisher (c) 2007 - 2016.

About the Publisher of Minority Business Financing

Minority Business Financing is Published by Kamau Austin.  Kamau is a published author in the field of business finance.

Kamau is also a popular Blogger, Writer, and Internet Marketing Professional helping small businesses grow more profitable businesses online. If you need web design, blogging, search engine or social media promotion contact him at Search Engine Plan

Kamau's Qu!ps reaches over 30,000 web users a month through it's Blog and Social Media Promotions. For Advertising Opportunities visit our Advertising Page

Business Finance Tips

Our book is in reprint but here are some business finance tips.

Minority Business Loan Sources

We will have a list soon of Minority Business Loan Sources But here are some business loan tips for start up businesses:

Presently my book is in reprint. However, small business should go to microloan/finance organizations like Accion and Grameen Bank. Google them.

Accion is a Latin/Hispanic Microfinance organization (but they loan to all minorities in the US). They've given out over 30 billion dollars to small business. I got numerous loans from them without credit. I can personally vouch for them.

They did check my credit and actually helped me build credit. The give money to minority business in the US. Accion USA loans out billions every year. They are even in Africa and India giving out business loans.

You do have to show income in your business or a job to pay back the loan. But unlike traditional business credit where it is difficult for even million dollar businesses to get SBA loans microfinance organizations look to finance small businesses a lot to minorities and immigrants who don't have good or any credit.

Google: Accion USA, and Grameen Bank. There may also be microfinance organizations in your state. Microfinance organizations give out $2,500 to $25,000 in the US. Inbox me for more info if interested.

BTW having a good relation with a microfinance source is essential for cash flow situations. When I had my loan with Accion and made my payments on time the would call me every 1 year or so and ask if I wanted more money or refinancing. So as long as I paid on time and was in good standing I could keep borrowing.

In short it was like I had a $10,000 revolving line of credit for slow seasons and cash flow crunches. Before I signed up for them I had no credit. After paying on time and them reporting to the credit bureaus I built my credit up to over 750. But in business when you need supplies or to expand your business you need a reliable "go to" finance source.

Also everyone should know you never give money to a loan source upfront. Incur no up front fees.

A legitimate loan source will charge you fees on the completion of the loan as part of the repayment.  Also legitimate business loan sources will put part of all your payments toward principal and not just initially towards interest.

About the Publisher of Minority Business Financing

Minority Business Financing is Published by Kamau Austin. Austin is a published author in the field of business financing. 

Also Kamau is a popular Blogger, Writer, and Internet Marketing Professional helping small businesses grow more profitable businesses online. If you need web design, blogging, search engine or social media promotion contact him at Search Engine Plan

Kamau's Qu!ps reaches over 30,000 web users a month through it's Blog and Social Media Promotions. For Advertising Opportunities visit our Advertising Page