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How To Start A Home Based Roommate Finding Service Business

You can start home-based roommate finding service business with negligible investment. It is worth pointing in this regard that anybody who lives across the US in a city can join the bandwagon and can earn handsome money. What you require is a little bit of preparations and thinking, and some business sense as well as well to succeed.

The scope for income generation and market opportunities for roommate finding services are magnificent! In fact, increase in rents has far outpaced wage increases. Therefore, there is an urgent need for a process to bring down housing costs. Since expensive condominiums are made out of apartment complexes, the problem is fast becoming some sort of headache for most Americans, who run on limited budgets.

Woman Power:
According to experts, this kind of living arrangement is here to stay especially for apartment dwellers, because of its money saving nature. In fact, this is a perfect absentee owner business. For instance, large number of people operating on the West Coast have a woman doing all the managing work. This is because of the nature of the home-based roommate finding service business. There is no denying the fact that majority of individuals seems to generally trust a woman to find the right roommate for them.

Fee Structure:
Talking about fee structure, expert suggests something similar to fee structure of successful employment agencies. They charge everyone a $20 registration fee at the start for finding them a perfect roommate. Then they take a Polaroid snapshot of each individual who has registered. Then give them the application form, which will depict their choice regarding the kind of roommate they want.

For starters, you will require bank reference, a legal reference, telephone number, company name, letterhead, and business cards. In addition, you will require office supplies such as typewriter, file cabinet, and more importantly a printed questionnaire application form. Responsibility disclaimer is also very important in this regard. It can be combined with the applicant’s agreement -to-pay contract. Once you are through with the search of roommate for your client, it is important that you make it official through agreement that they will pay you 20% to 25% of the first months rent. It is worth mentioning in this regard that you can charge bit more for particular requirements and perhaps somewhat less especially for old age people and handicaps person.

There are many small business consultants available online who can help you to start a roommate finding service business and to run the business successfully.

Finding a Business Loan in Nevada

The Internet and the SBA have made finding a business loan in Nevada easy! There are several reasons that a business needs extra cash such as for expansion and growth, for purchasing necessary equipment, for boosting its inventory etc.

People looking for a business loan in Nevada are offered a wide choice, as there are several lenders as well as banks that offer competitive rates and structures to best suit the borrowers needs. There are banks, SBA approved lenders, private financial institutions, private moneylenders etc.

How to Get Approval for a Business Loan:
The best way to ensure you get the loan is, to be prepared and by presenting a well-drafted application form. The loan application should include the business plan, the reason for applying for a loan, how the loan will be utilized, projected expenses and income statements and how the loan will be repaid. It will help if it also contained copies of the articles of incorporation if it is a corporation or other relevant documents, personal as well as business bank statements and tax returns for last 3 years, credit records etc.

Finding a business loan in Nevada will be a lot easier if you had maintained a good credit record. By registering with the companies such as Dun & Bradstreet and Experian and getting your traders etc to participate can help, since with a good credit record business loans can be obtained at lower interest rates as well as at attractive terms.

It will help if you have an asset to use as collateral, but be careful to repay the loan as a default can cause you to lose the asset. Therefore, it is better to avoid using personal assets for business and to incorporate the company as it offers liability protection unless you sign a personal guarantee. The best method is to present the application in such a way that the lenders will consider your business a low risk investment.

A search on the Internet as well as the yellow pages may get you in touch with potential lenders in your locale, but check references, if they are reputable and compare rates, terms, and repayment schedules before choosing a lender. Get a lawyer to study the loan application before signing it. Negotiate the terms; make sure by consulting the projected cash flow if your business can make payments as scheduled. Prioritize spending and work on budget until the loan has been paid off.

Finding a business loan in Nevada is not a hard task, repaying it on time and being debt free can be easy too if you are committed and focused.

There are firms that offer services as well as products to help run a successful business.

Finding A Business Loan In Florida

Before starting up any venture or looking at growth opportunities, the owners are more than often confronted with issues regarding the financial capabilities of the firm. The answers to the question are rather limited. One can either use up the firm’s retained profits or borrow from external parties. The absence of the requisite funds by means of retained profits is a normal scenario especially for growing firms which eat up more than they produce. Obtaining funds by way of loans is then the only solution.

Business loans are available for various projects and on various conditions in Florida. There are certain prerequisites (as in every country or state) that must be obliged to, to make funds available. In other words to take up a loan you must prove your worth by way of depositing collaterals, personal guarantees and / or any other means of security as an enabler of loan.

The business loans offered in Florida include special project loans for small businesses and minority groups among the other regular financing schemes. Amid the various loan programs offered in Florida, the key ones are enumerated:

1. Enterprise bond programs: A state initiative that offers low interest, tax exempt bonds. The program is catered to manufacturing and non profit organizations

2. U.S. Small Business Administration (SBA) programs administered for smaller businesses. Include Basic 7(a) Business Loan Program, provided by lenders on guaranty basis, Micro-Loan Program for startup and growth and CDC/504 Loan Program as a long term financing tool for economic development. CDC/504 caters to financing for fixed assets.

3. U.S. Dept of Agriculture-Rural & Unincorporated Areas provides financial aid for public utilities and agricultural initiatives.

4. U.S. Dept of Commerce-Economic Development Administration caters to areas of economic development.

5. Financing destinations for international trade loans and grants: Includes two key lenders namely Florida Export Finance Corporation (FEFC) and The Export-Import Bank. Former is loaded with the responsibility of expanding employment opportunities by way of increasing export business, while the later is an independent US government agency also looking into employment creation arena.

6. Front Porch Micro credit Loan Program: Aimed to increase access to small minority businesses. Maximum limit available for loans is $ 15000

7. Florida Black Business Investment Board – Franchise Finance and Development Program (FFDP): Extends loans to franchisee businesses that are at least 51 % controlled by an ethnic minority

8. Minority Business Development Agency (MBDA): The only federal agency established for the purposes of helping minority businesses to grow by way of extending business development services.

9. Florida State Programs – Office of Supplier Diversity: Caters to women owned and minority owned businesses.

Additionally Florida Dept of Community Affairs – Division of Housing and Community Development offers programs to improve the housing facilities and other development projects like projects that promote job creation for low and moderate income groups.