7 Funding Secrets For Small Business Owners

Cuban-American Nely Galán, the founder of the Adelante Movement and the former president of entertainment for Telemundo, has compiled her thoughts into a new book, website, and an app. Her book, SELF MADE: Becoming Empowered, Self-Reliant, and Rich in Every Way, aims to help women, especially multicultural women, create tools and find the necessary resources to start their own business.


Galán offers the following useful tips for finding hidden money:


  1. Administration Loans for Small Businesses

Historically, women of color have found it difficult to get approved for small business loans from banks. Consider applying for low-interest loans and comprehensive resources offered by the Small Business Administration.


Business owners interested in small business funding can also turn to a reputable payment lender like First American Merchant. FAM is a reliable high risk processor that offers unique Merchant Cash Advance or other small business funding opportunities to businesses of any type and size. Bad credit history is not a problem for FAM. At FirstAmericanMerchant.com, you can enjoy the lowest possible pricing and unmatched protection from payment processing fraud.


  1. Corporate Alliances

Corporations can be great partners in distributing and enhancing your business. Businesses owners often meet their needs by hiring outside suppliers. For example, Coca-Cola and Walmart use special supplier diversity programs to engage women and minority-owned businesses. Look for supplier diversity programs to get your product connected to massive distribution.


  1. Corporate Grants and Pitch Competitions

Major corporations often invest in communities. Business owners usually award their grants with the help of pitch competitions and third-party organizations. Find more information on this type of resources and search for funds aimed at your community.


  1. Crowdfunding

Crowdfunding sites have helped lots of people to get the necessary finances for their business. Nowadays, small businesses can offer investors interests in your company in exchange for their investment as an incentive. Look for the best option for your business.


  1. Government Grants

Women can turn to government agencies offering funds for new businesses. As a rule, small business funding of this type doesn’t require paying back the money. To apply for a government grant, you’d better start at the state level.


  1. Nonprofit Grants and Tax Write-Offs

If you own a small business, consider collaborating with a nonprofit. Nonprofits serve as a great means to market your company. Try advertising or partnering with an organization to get great exposure and support. In addition, it is also possible to claim a tax write-off.


  1. Training Scholarships

Consider turning to organizations like Women’s Business Enterprise Council (WBENC). They offer thousands of dollars in entrepreneurship and corporate training, aiming to help you learn the necessary skills for your new business or for taking your business to the next level.


Payday Loan – Remember, They Are Short Term Loans

Payday Loans are other wise called cash advances or paycheck advance loans. The amount is small ranging from $50 to $500, and the term is about two weeks. The interest rate is high for a payday loan. People who are in urgent need of money turn to the loan as the last resort, when they cannot trust the credit card or friends to raise some money.

You need not have a good credit history for being eligible for this loan, and the processing is very quick. You can procure the loan on telephone or Internet, and within 24 hours the money gets deposited in your account. It is hassle free and has no up-front cost, and no third person is involved.

The disadvantage of the loan is the high rate of interest, and it is important that you repay the loan by due date. The loan can be renewed, but you have to keep in mind that by the third renewal the renewal charges and APR is more than half of the loan amount, and by this rolling over the position of your finances further deteriorates. The US government too is concerned about these borrowers belonging to the lower and lower middle class, who run out of cash by the middle of the month once their bills are paid, and who are pulled into this cycle of debt due to some sudden expenditure incurred on account of a hospital visit or unplanned travel.

However, for someone with bad credit history and who cannot manage any other kind of loan, the payday loan is the only solution. It is only wise to use the money to meet the requirement and pay back the loan on time, and if possible set aside some money every month, and put together a crisis fund.

You can get a payday loan at any loan outlet and in case you do not find one in your neighborhood there is always the Internet, where the loan is just a click away. Generally such lending agencies stay open beyond the normal working hours, keeping in view the situations that force people to look for emergency funds. Therefore such agencies provide service to even those, whose money being in the form of term deposits, certificates or gold is not readily accessible.

Due to the speed in service, convenient locations and operating hours these loan companies are the favorite choice of the average working man who decides to go for the deal anyway. Because even after weighing the pros and cons, the decision of the borrower depends ultimately the gravity of the situation and his need.

Such cash advances are sometimes given against checks dated for the subsequent payday or sometimes against collateral like furniture. It is not advisable to jump for such an offer without paying attention to the other costs associated with it. When a friend or relative does not come to your aid with a hand loan and help you tide over, borrowing money from a loan company is the next available option, though the legitimacy of the company has to be checked. If possible browse the net for information regarding the company and cross verify the details provided like phone numbers, to avoid being cheated. The best way however is to consult those who already have used the services of the company.

Beware of companies that demand an advance fee, and also be discreet about your bank details. Though the interest of the payday loan is much higher than that of a credit card, the fact remains that those who bank on this kind of loan might have been refused credit cards in the first place, and the unemployed are not easily trusted with loans. If you have decided to get yourself a payday loan, be resolved that you shall avoid rolling over, and that you will manage your finances better in future.

A payday loan is cash advance offered sometimes against the next paycheck to help you tide over until the next pay day, and is a small, short term, high interest loan.

Payday Loans – Second Chance Payday Loans

Mistakes are a common factor of life. Without mistakes we wouldn’t be able to improve ourselves. Many believe that great success derives from a previous mistake. Isn’t it important that you and your family receive the second chance you deserve?

Many Payday Loan providers believe that you deserve a second chance at a short-term loan. A chance to prove to yourself, and others, that you can make the right financial decisions and improve your quality of living. A chance to persevere and efficiently manage your finances from home. Second Chance Payday Loans were designed with you mind!

What is a Payday Loan?
A Payday Loan is a fiscal sum awarded to you by a respected lender between paychecks. They are typically cashed in sums ranging from $100 to $1500. Be sure to remember that Payday Loans are of a short-term nature. With that in mind, they are to be repaid upon the receipt of your next paycheck.

Unexpected expenses and emergency situations are harsh realities that thousands of hard-working adults must deal with each day. If you have bad credit or no credit a long-term loan may be out of the question. That being said, if you need short-term financial aid a Payday Loan is on your side. The fiscal sum provided to you will not only reduce financial stress now, but in the future as well.

Is it possible to get a Second Chance on a Payday Loan?
A Payday Loan is a fiscal sum awarded to you between paychecks. Remember, providers are looking to provide you with a second chance at successful financial management. With a Payday Loan you also reduce the stress and hassle of filing several documents! It’s important to remember that most companies do not take credit checks, so applying to multiple companies will not negatively affect your credit score! For a great list of no credit check payday loans, visit a payday loan review website.

Where can I apply for a loan?
You can now find hundreds of Second Chance providers online! That’s right, you don’t have to leave the convenience of your own home to take out your short-term loan. With a few clicks of the mouse, you could be filling out your online application. Said application should take no more than ten to fifteen minutes if you are prepared. Be sure to equip yourself with your Social Security Number, Driver’s License and employment background before beginning your application.

How and when do I repay my Payday Loan?
Although you are not required to post collateral, you are required to repay your loan on time. By taking out a Second Chance Payday Loan you are agreeing to repay your short-term loan upon the receipt of your next paycheck. It is important to borrow responsibly; don’t borrow more than you can afford to return on payday.

Upon completing your online application you will be presented with a number of repayment options. Be sure to carefully consider each option and make a selection that is right for you. You should look to select a quick and simple repayment option, you don’t want to get bogged down with complex details.

Don’t you deserve a second chance? Are you ready to take responsibility for your family’s financial management? Isn’t it time you make a change? Stop wasting time and do something that could change the rest of your life.

You’ve taken the first step, you have the knowledge and wisdom you need. Now it’s time you take action and put your first foot forward. Do what’s right for you and your family, make the intelligent move and obtain your Payday Loan today!

“By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.”
~ Confucius