ATTENTION: Finally achieve perfect Loan Mastery using a proven scientific process!
Is the Bank Taking Too Long To
Process Your Application?
If so, throw your loan application in the trash.
Get the Cash You Need to Grow Your Business NOW!
Contact Us Now and Ask about a MICRO LOAN.
It’s a Nice Alternative to Traditional Bank Loans and Avoid the Hassle
THREE SOLUTIONS TO THE LENDING DILEMMA!
SOLUTION 1: Unlike traditional bank loans, MICRO LOANS are based on the health of your company and your cash flow, NOT on credit scores. Approval is made in as little as 2 to 3 days—so you can focus on what you do best, running and growing your business. Check if your industry qualifies today.
- Fast and Easy Approvals so You Can Get Back to Running Your Business
- Get Fast Business Working Capital
- Unsecured and Bad Credit OK
- Existing Businesses Only – No Start Ups
- No Company is to Large or Small for Funding Budgets
- Minority and Veteran Business Loans Approved
- Funds to Use as You Please!
- Loans from $5,000 to $250,000
- Terms from 3 to 18 months
- Fixed interest and fixed payments
- Easy daily, or in some cases, monthly ACH repayment
- Approval in 2 to 3 days
- Funding in as little as 7 to 10 days
- More than 300 industries qualify
With a MICRO LOAN You Can
Keep Your Business Growing Strong!
SHORT TERM MICRO LOANS FOR BUSINESSES PROVIDE ESSENTIAL CAPITAL TO GROW AND THRIVE.
THE LOANS ARE UNDERWRITTEN EMPHASIZING CASH FLOW AND NOT CREDIT SCORES.
REPAYMENTS ALSO HELP BUILD CREDIT HISTORY.
Business needs capital to work, and bank loans are tough to get, even for healthy small businesses. Our company mission is to help rebuild the U.S. economy one business and one loan at a time. Small business is the backbone of the U.S. economy.
MICRO LOANS REQUIREMENTS
Micro loans are underwritten based on cash flow. Generally the Minimum Requirements are:
1) In business for at least one year
2) Minimum annual revenue of $100,000
3) Minimum credit score 500
4) Minimum bank balance $3,000
There is generally an easy Application process. All you need do is complete a simple one page application, and provide 5 months of bank statements. There are no hassles, and no long waits for a response.
BEST USES FOR THIS LOAN?
The best uses for the loans are for something that will generate and bring money to your bottom line. For instance, buying inventory at a discount to resell, adding tables to your restaurant, a marketing campaign, or equipment. Cash-flowing businesses with many transactions
HELPING YOU SUCCEED
More than 300 industries qualify for the micro loans, including retail stores, dentists, physicians, vets, hotels, restaurants, convenience stores, grocery stores, spas and salons, auto repair and more. Ask us about disqualified industries.
With a Balance Sheet and Financial Documents
You Can Keep Your Business Growing Strong!
SOLUTION 2: Can your business continue to fund its growth? The balance sheet can answer this for you right away. By knowing how to read a balance sheet, you’ll also be able to have a relevant discussion about it – or a discussion about the balance sheet of a business you’re interested in acquiring.
Two other uses: 1) Vendors and lenders can use the balance sheet in considering the creditworthiness of the business. 2) Owners and potential investors can use it to help determine the value of the business.
Let’s look at the balance sheet to get a better understanding and get a picture of your financial health.
But First, You Must Know the Difference
First off, the balance sheet is a snapshot that helps you identify and analyze trends in the health of your business. The balance sheet reports on the financial condition of a business at a specific point in time.
Balance sheets are often shown with information from two or more dates, such as year-end information for the last two years.
Other key financial statements, such as profit and loss statements and cash flow statements, report financial activity over a given period of time.
Breaking It Down: How to Read a Balance Sheet
The balance sheet is made up of three parts:
Assets — what you own
Liabilities — what you owe
Owner’s equity — the owner’s stake in the company
Here is an example of a balance sheet. The company and amounts are fictional.
Example Company Incorporated, Balance Sheet
All About the Assets …
Let’s look at the left column first titled Assets.
What are assets? Assets are the things that the business owns that have monetary value, such as equipment. The assets are listed in order of liquidity, which is how quickly the items can be turned into cash.
Here’s an explanation of each line item:
Current Assets — assets that can be turned into cash within one year of the balance sheet date. The most liquid asset of every business is of course cash.
Accounts Receivable — amounts owed to the business by customers who made recent purchases on credit terms.
Inventory — items purchased by the business for resale to customers.
Prepaid Items — items that have been purchased but will be used and expensed on the profit and loss statement in a future period. A good example of a prepaid item is paying an insurance premium six months in advance.
Fixed Assets — assets not considered very liquid and therefore excluded from the current assets. Fixed assets are sometimes called Property, Plant, and Equipment (PP&E). Fixed assets (except for land) are depreciated over a period of years. They are listed at their purchased amounts, less accumulated depreciation to arrive at their net amount. Land is thought of as never losing value and is therefore not depreciated over a period of time.
A Look at the Liabilities …
What are liabilities? Liabilities are what the business owes to the various creditors and vendors. Like assets, liabilities are shown in current and non-current sections.
Again, an explanation of each line item from the top:
Current Liabilities — those amounts that must be paid within one year of the balance sheet date.
Accounts Payable — monies owed to vendors and suppliers for items acquired on credit.
Wages Payable — owed to employees and taxes payable amounts due to governmental taxing authorities.
Unearned Revenue — an item that is often not well understood by non-financial individuals.
Unearned revenue is money received by the business for services not yet rendered or product not yet delivered to the customer. A good example in the member-service industry is membership fees paid-in-full by a member for the next year. The money has been received but the service for which the member is paying has not yet been rendered. Examples would be a one-year Martial Arts membership or a six-month Personal Training package. The service is still owed to the customer and therefore the revenue is unearned and reported in the liability section.
What Financial Analysts Look for
When Reviewing Your Balance Sheet
One of the most common ratios that analysts use when viewing a balance sheet is called Working Capital which is defined as current assets less current liabilities. The current ratio tells the reader whether or not the company has the liquid assets required to pay its obligations owed during the next year. If current liabilities exceed current assets, the company has no working capital.
Current Ratio is another common ratio used which is current assets divided by current liabilities. Higher ratios indicate more liquid companies. It is possible to be too liquid as investors would view the company as sitting on idle cash that could be invested elsewhere.
Non-Current Liabilities — amounts owed to creditors beyond one year ahead. Non-current liabilities are also referred to as long-term liabilities. The most common long-term liability is bank loans which are paid over several years.
Owner’s Equity — this equals assets less liabilities. The equity is comprised of the investment made by the owners into the company and the earnings retained by the company (versus distributed to the owners as dividends).
When All Is Said and Done …
So now you have a basic understanding of what a balance sheet is and what the terms mean.
Remember that the balance sheet only shows a snapshot of the company at one particular date in time. It’s a useful tool to ensure your business finances are properly managed — and it can help uncover the true worth of your membership business.
To get the complete story on the health of your business, you must review the balance sheet, along with the profit and loss statement and cash flow statement. If you need help with this contact us.
With a Business Mastery Coach
You Can Keep Your Business Growing Strong!
SOLUTION 3: What is the single most important problem facing your business today? We increase your profits 25% or more without increase in your overhead in as little as 30-60-90-180 days! We do this and give you a 100% personal satisfaction guarantee. If we don’t deliver you don’t pay.
Michael Kissinger is a Business Coach, Consultant, Mentor Speaker, Author and Entrepreneur. He spent the last 20+ years of his life creating fascinating Client and Profit Doubling programs that have helped thousands of small businesses across America.
He is a former 20+ year business professor at three leading California Universities, and a small business analyst and consultant. He has taught more than 10,000 students people around the country and around the world. He is an experienced Off-line and On-Line marketer business developer, public speaker and a popular Bay Area professional. He works with many of the top small businesses in America. He is the author of over 850 top rated business and marketing articles. Contact him and get ready to discover this amazing gold mine!
“THERE ARE THE THREE SOLUTIONS WE GIVE YOU TO THE LENDING DILEMMA SO YOU TAKE CONTROL OF YOUR BUSINESS!”
A Micro Loan, Financial Documents and Business Mastery Coaching May Be
Your Solution to Bringing Needed Capital into Your Business
Let’s weigh your options and see if a Micro Loan, Proper
Financial Documents and Business Mastery Coaching is right for you.
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Help You Get the Cash You Need Is Just a Phone Call Away.
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If after attending Empowerment Mastery Coaching or Consulting, you do not feel you have received $1 million worth of value to create exponential growth in your life or business or finances, we will give you a full refund for the coaching session with no questions asked.
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