Finding a Business Loan in Kansas

Kansas Development Finance Authority:
If you are a businessmen based in Kansas and are planning to set up a new business or expand the existing business, Kansas Development Finance Authority (KDFA) offers you numerous cost-effective solutions.

The body works in coordination with various Kansas agencies, financial institutions, and lenders to issue tax-exempt and taxable bonds, provide loans, and investment capital to businessmen, non-profit corporations, and statewide government and agricultural units. KDFA also enjoys the position of the only state finance authority in Kansas that offers multipurpose financing services. By providing long-term business development loans, the state body actively participates in the economic development of the state and creation of jobs in it. Various financing programs offered by KDFA are enlisted below:

Business Enterprise Financing (BEF):
KDFA finances business engaged in agriculture and industrial works by issuing them private activity bonds. To avail of these bonds the business must be engaged in processing, repairing, assembling, distributing, manufacturing, producing, offering computer of communication services, and transportation. KDFA also finances aquaculture and sericulture industries and producers of various commodities, engaged in supporting operations of the farms.

Such bonds obtained from KDFA can be utilized for increasing the capacity of the plant, installing modern production and manufacturing equipment, or any other work related to the up gradation of the company’s existing operations.

Community Development Block Grant (CDBG):
All those cities that have been incorporated in Kansas but are not eligible for availing Housing and Urban Development (HUD) facility or do not entitled to receive CDBG on an annual basis can apply for Kansas CDBG facility. In some cases, individual businesses also participate with their city or country to avail of CDBG.

To qualify for CDBG, a business must mention in its application process its complete business plant and its strategies of funding the project. In case, the application gets the required approval, funds are given to the business owner the local government.

Sedgwick Country Micro-Loan Program (SCMLP):
This program helps establishment and expansion of business in Sedgwick, only if the location of the project is going to be outside the city limits of Wichita. Micro-Loan funds can be used for purchasing equipment for starting a business or expanding it, building inventory, getting office space or business-related equipment on lease, buying a building for operating the business, and funding advertisement, promotion, marketing, and transportation.

SCMLP offers special incentives to Oaklawn – Sunview communities and encourages applications from women and minorities communities to raise the employment levels. Application forms for this program are available in a number of places across various websites. Simply browsing through the website will provide you with all the necessary details and information about the applications forms’ availability.

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.