Oct 25 2011

Five Tips to Obtain Credit for Small Businesses

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As The Sage Lady I offer Accurate Readings: Life & Destiny, Dreams, Photos, Objects, and Empathic Medical Intuitive Readings w/complimentary herbals; empowering self understanding in health and ascension.

I’m a Spiritual Mentor, Healer and Clairvoyant with ESP, and am known as the “Photo Detective” for my psychic photograph readings. I offer telephone/internet/Skype readings and Skype Psychic Parties for special events.
Feel free to call me for a brief interview to familiarize yourself with my work and to determine what suits you best. http://www.TheNaturalSage.com

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Finally there was a break from the rainy weather yesterday. I wished for the sun but after days of gray, rainy weather; I was very happy to settled for a cloudy day. At least I can get out and shoot some fall colors. We took a road trip to Big Four mountain or also known as Big Four Ice Caves. I have never been there before so I was excited by the prospect of taking pictures of ice caves. The trip was short. It took about an hour to get there from my house. As I stood in front of the majestic looking mountain peaks, I felt very grateful to be able to experience such beauty.

The elevation of the mountain is about 6,135 ft (1,870 m) and the ice caves are easily accessible with a short hike through the dense forest on a very well maintained trail.

On the way to the ice caves, I came a cross a nice pond with the mountain reflection. I took a few shots. Unfortunately, the clouds were thick so the lighting condition wasn’t the for getting the bright fall colors I was looking for.

I didn’t like the dark clouds in the water. And decided to zoom in and use longer exposure to brighten the water.

The result was better but overall, I still find the scene rather boring looking. So… I zoom in some more… all the way up to the maximum of the lens — which is 250mm. And when I looked into the view finder — something clicked in my creative brain. I was very excited by what I saw.  The reflections from the vegetation and tree branches created an astonishing array of colors, textures, and details. I knew this was the kind of shots that would get my creativity working.

As I was busy composing, I saw a trout jumped out of the water causing ripples to form. Unfortunately, I wasn’t swift enough to shoot the fish jumping but very glad the ripples changed the stillness of the water. I love the painterly feel the ripples created.

It took me over an hour to make the 1 mile hike to the ice caves. Hey… there were a lot of distractions along the way. And yes, I did take of the ice caves — but since it was too dangerous to go into the caves — the pictures from the outside wasn’t too impressive. A black hole covered with dirty snow is about as attractive as the yellow snow.

Life have a way of creating opportunities when you least it. I certainly enjoyed the creative reflections in the pond.

Finally there was a break from the rainy weather yesterday. I wished for the sun but after days of gray, rainy weather; I was very happy to settled for a cloudy day. At least I can get out and shoot some fall colors. We took a road trip to Big Four mountain or also known as Big Four Ice Caves. I have never been there before so I was excited by the prospect of taking of ice caves. The trip was short. It took about an hour to get there from my house. As I stood in front of the majestic looking mountain peaks, I felt very grateful to be able to experience such beauty.

The elevation of the mountain is about 6,135 ft (1,870 m) and the ice caves are easily accessible with a short hike through the dense forest on a very well maintained trail.

On the way to the ice caves, I came a cross a nice pond with the mountain reflection. I took a few shots. Unfortunately, the clouds were thick so the lighting condition wasn’t the ideal for getting the bright fall colors I was looking for.

I didn’t like the dark clouds in the water. And decided to zoom in and use longer exposure to brighten the water.

The result was superior but overall, I still find the scene rather boring looking. So… I zoom in some more… all the way up to the maximum of the lens — which is 250mm. And when I looked into the view finder — something clicked in my creative brain. I was very excited by what I saw.  The reflections from the vegetation and tree branches created an amazing array of colors, textures, and details. I knew this was the kind of shots that would get my creativity working.

As I was busy composing, I saw a trout jumped out of the water causing ripples to form. Unfortunately, I wasn’t enough to shoot the fish jumping but very glad the ripples changed the stillness of the water. I love the painterly feel the ripples created.

It took me over an hour to make the 1 mile hike to the ice caves. Hey… there were a lot of distractions along the way. And yes, I did take of the ice caves — but since it was too to go into the caves — the pictures from the outside wasn’t too impressive. A black hole covered with dirty snow is about as attractive as the yellow snow.

Life have a way of creating opportunities when you least expect it. I certainly enjoyed the creative reflections in the pond.

Five Tips to Obtain Credit for Small Businesses As many small business owners know, financing is crucial to the financial health of their enterprise. While some small business owners have the resources to launch their business, most look to the credit market for financial help. Indeed, the banking industry is an important source to gain necessary capital. However, many entrepreneurs may not realize that that applying for commercial credit requires a great deal of preparation. Here are five tips to assist entrepreneurs in improving their chances of getting credit approval.

Tip #1: Decide on the type of commercial loan that is needed. Loan options include short-term loans, intermediate loans, long-term loans, and lines of credit.

Short-term loans are usually for less than a year. They typically provide interim working capital for a business temporarily in need of cash.

Intermediate loans are often used for business set-up, the purchase of new equipment, expansion, or an increase in working capital. This loan can be anywhere from 1-3 years.

Long-term loans are for major capital improvements, acquiring fixed assists, and business start-ups. The loan term is usually from 3-5 years and repayment installments are on a monthly or quarterly basis.

A line of credit gives a small business the ability to borrow money repeatedly, up to the credit limit. The lender will usually perform a review once a year, at which time the borrower is asked to update financial statements.

Tip #2: Make sure all paper work is in order. Applying for commercial loans can be very tedious and requires much more documentation than applying for consumer credit. So, the key is to be prepared. In addition, entrepreneurs who have carefully put together the needed paperwork to include the loan purpose, the amount of money needed and for how long, and a repayment schedule proposal will be viewed more favorably by many lenders.

Tip #3: Develop a well thought out proposal. The proposal should include the loan purpose, the amount of money needed and for how long, and a repayment schedule proposal. Points to include are the business description that tells the nature of the business, product and service, a personal profile, and a business plan that outlines the corporate strategy for the next three to five years. Additional points to add are supporting documentation that supports the information outlined in the proposal, and collateral that will be used to secure the loan. Financial statements, both personal and for the business, are important as well.

Tip #4: Seek advice! It is important for entrepreneurs to talk with someone who has gone through the process of obtaining commercial credit before a lender is approached. This is especially important for the first time buyer. Entrepreneurs can approach mentors, qualified business counselors, business support groups, and the U.S. Small Business Administration. This step will increase the chances of getting a favorable credit decision.

Tip #5: Be prepared to pursue various options. Sometimes, financial institutions will say no. Once again, obtaining credit can be difficult, especially for entrepreneurs who are first-time borrowers. However, since financial institutions have different standards, an inability to meet the standard of one lender does not mean one fails the standards of all. It is highly possible that credit approvals can be gained with another lender. So, it is important to keep seeking until a lender is found.

Obtaining credit is necessary for many small businesses. Knowing what steps to take in this process can greatly increase an approval from a financial institution. Now, put these five tips into practice and be on your way to getting the credit you need for your business venture.

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