How to Get Financing For Your Small Business In the current unfavorable economic climate, access to capital is an important factor in distinguishing companies that can grow and gain market share from companies that experience significant declines in revenue. This is because many small companies have seen a significant decline in sales and cash flows, while many companies have closed their doors and many large U.S. companies have been able to increase sales and open new sales operations. Retail and increase yield per share. This is because small companies have always relied on traditional commercial bank financing, such as SBA loans and unsecured loans, while large state-owned companies have access to capital in the stock market or public markets. Bond market. Prior to the 2008 financial crisis and the Great Depression, the largest commercial bank in the United States simplified monetary policy and provided public credit to small businesses with good credit ratings and industry experience. Many of these business loans are unsecured loans and unsecured installments. Often, these loans are fully supported by the employer's personal guarantee. This is why you need a good personal loan to get an approved business loan. During this period, thousands of small business owners used loans and business loans to access finance capital for their working capital needs. Relationship. Easy access to these capital resources allows many small businesses to develop and manage their cash flow needs. However, many business owners are overly optimistic and many create strong growth forecasts and risk segments. As a result, many business owners have begun to expand their businesses and take out large loans from small business lenders, which expect to be able to repay higher loans due to future growth and increased profits. As long as banks follow the "easy money" policy, asset values will continue to rise, consumers will continue to buy, and business owners will continue to jump. But in the end this party will end soon. As the 2008 financial crisis began with the sudden collapse of Lehman Brothers, one of the oldest and most well-known banking institutions on Wall Street, financial panic and epidemics spread through the credit market. Subsequent credit market freezing caused the US financial system to stall. Banks stopped lending yesterday and suddenly ran out of easy cash, which pushed the value of assets, especially house prices, to rise in recent years, which has now led to a sharp decline in the value of similar assets. When the value of an asset increases sharply, the balance sheets of commercial banks decline and stock prices fall. Gone are the days when you could easily make money. The party is officially over. After the financial crisis, the global economic crisis has created imbalances in the capital market. The only commercial bank that easily and conveniently provides money to small businesses and small business owners who have no capital on the balance sheet. Bank threatens their life. Many commercial banks have blocked access to company lines of credit and inquire about outstanding business loan balances. Small businesses that rely on this line of working capital credit cannot meet their cash flow and credit needs. Many small businesses have been unable to cope with sharp and dramatic declines in revenue and profits. Since many of these small businesses create millions of jobs, the unemployment rate rises every time one of these businesses collapses. As the financial crisis intensifies, commercial banks are nearing their final starting point and are in danger of bankruptcy of the entire financial system. Congress and the Federal Reserve are urging taxpayers to finance the entire banking system, but the damage has been done. Billions of dollars are invested in the banking system to compensate for inefficient institutions. However, in the process, these banks do not have loan arrangements for private customers or companies. Part of the tax is that instead of supporting small businesses and preventing unnecessary business clashes and rising unemployment, thousands of commercial banks are denying business access. Small and small business owners. In the past, even after receiving savings accounts from taxpayers, commercial banks maintained an all-in-one approach and restricted access to credit and lines of credit. Enter a credit rating or payment on time. Small business bankruptcies are on the rise and unemployment is high. At the same time, the lack of capital by commercial banks means that SMEs do not exist, so large government owned companies can survive and grow businesses. More importantly, they can increase their equity by lending through the bond market or by issuing shares through the stock market. Banks have appropriated thousands of small businesses, paid off existing commercial loans and refused to offer new loans to small businesses, and large companies raised billions of dollars in capital. new. Even in mid-2012, four years after the financial crisis began, most SMEs were unable to access capital. Commercial banks continued to promote unsecured loans for most small business households. To have the opportunity to get a small business loan or a business loan, a small business must have collateral that banks can easily sell for a business loan or an amount equivalent to a business loan. For small businesses with collateral, even through SBA, there is little chance of getting a loan without the necessary collateral, such as equipment or supplies. Where the small business cannot provide collateral for a small business loan, the commercial bank will require the owner of the small business to borrow with his own property or personal property such as home ownership or money face. Check, Savings or Retirement Account as a 401K or IRA. The second puts a business bankruptcy that puts the personal property of its owner at risk. Additionally, almost all small business loans require personal credit and excellent FICO scores, but also a personal guarantee. Finally, the financial statements, including the corporate tax return, highlight the need to ensure sustainable returns in most small business loan applications. If you fail or do not meet any of these strict requirements, applications for most small business loans or commercial credit lines may be denied immediately. In most cases, business loan proposals are issued to applicants who meet all of these requirements. Therefore, there is no guarantee that a business loan application will be approved in the post-financial environment if you qualify with a good personal credit history, collateral, reliable financial reports and tax return. Access to capital for small businesses and small business owners is harder than ever. As a result of this constant capital vacuum, small businesses and small business owners began to look for alternative sources of business capital and business loans. Many small business owners looking for cash flow to fund existing operations or funds have found alternative business financing using credit card loans for cash trading and small business loans offered by private investors. Merchants who have these cash advances have a significant advantage over small businesses and small businesses over traditional commercial bank loans. Cash loans, sometimes called factoring loans, are based on the average amount of credit cards processed by a merchant or store over a period of three to six months. Virtually guaranteed credit card prepayment is accepted by any merchant or retailer who accepts credit cards as a customer payment, including Visa, MasterCard, American Express, or Discover. The total cash advance owed to the trader is determined on average over those three to six months, and the amounts are usually credited to the company's current account within seven to ten days of approval. The fixed amount is maintained and the advance and interest are determined after the advance payment has been approved by the lender. For example, if a merchant or reseller processes consumer credit cards on a daily basis, the average credit card is $ 30,000 per month. If the customer receives a prepayment of $ 30,000 and a multiplier of $ 1.20, the total refund is $ 30,000 plus a 20% discount of $ 30,000 or $ 6,000 for a full refund of $ 36,000. Thus, the merchant has $ 30,000 in the checking account and $ 36,000 will be refunded. Refunds are made with some deduction from the potential credit card seller's daily sales - typically up to 20% of the credit cards processed that day. Therefore, the seller does not have to write a check or send money. A fixed interest rate can be easily deducted from the sale of a future loan until $ 36,000 is paid. The advantage of financing these types of commercial bank loans is that the seller's financial process is not reflected in the business owner's personal credit report. It effectively separates the small business owner's personal economy from small business financing. Another benefit of improving business credit cards is that approval does not require a personal guarantee from the business owner. If the business is unable to repay the loan in full, the business owner is not personally liable and may not be required to provide a personal guarantee for the development of the business. Owners, cancellers and business managers of commercial debt financial transactions of banking companies that require personal guarantees are still forced into personal bankruptcy if the business goes bankrupt and the remaining debt is not paid. . .. A third unique feature is that prepaid credit card sellers do not need additional collateral as additional credit insurance. The following credit card lenders lose money, so there is no additional collateral. This type of financing is another attractive option for buyers, as most small businesses do not have any tangible assets other than the traditional promises of traditional bank loans. Thousands of online shops are trying to get to the capital. These companies as creditors are not well supported and are automatically rejected by ordinary loans. Finally, the granting of a prepayment by credit card is not based on a high personal or absolute debt of the owner of the company. In fact, an employer's debt can be daunting and a FICO score can be low, which doesn't stop a business from accepting payments. The credit of business owners is generally only examined for the purpose of determining the level of participation in loan repayments. However, a business owner who has just suffered a personal loss is also eligible for a secured credit card loan. Business credit card development loans are offered by a network of retail investors, so these lenders are not dominated by the new capital requirements that limit the industry. Commercial bank. The prior agreement of the seller is determined on the basis of the directives given to the network by the private lenders. Each loan application will be reviewed and monitored on a case-by-case basis and approval will be issued within 24-48 hours of receipt of a complete application, including 3-6 months. Previous debt report. Credit card seller.
Pagi hari. Aku baru saja bangun tidur. Udara terasa segar setelah Jakarta diguyur hujan deras semalaman. Kukenakan kaos oblong tanpa lengan dan celana pendek ketat yang menampakkan lekuk-lekuk pantatku yang begitu menggiurkan. Aku berjalan ke halaman depan.

“Aha.. Koran baru sudah datang”, kataku dalam hati melihat surat kabar pagi terbitan hari ini tergeletak di dekat pintu pagar. Kuambil surat kabar itu. Langsung aku duduk di kursi di teras sambil membacanya. Sebagai mahasiswa fakultas ekonomi aku sangat menyukai berita-berita tentang perekonomian Indonesia termasuk krisis ekonomi berkepanjangan yang tengah melanda Indonesia. Kubolak-balik halaman-halaman surat kabar. Mataku tertumbuk pada sebuah iklan satu kolom yang cukup mencolok.

“Dicari, gadis berusia 17 sampai 25 tahun. Wajah dan penampilan menarik. Bertubuh ramping. Tinggi minimal 165 cm dengan berat yang sesuai. Dapat bergaya. Berminat untuk menjadi foto model. Peminat diharapkan datang sendiri ke **** (edited) Agency, Jl. Cempaka Putih **** (edited), Jakarta Pusat.”

“Aku bisa diterima apa nggak ya?” Aku bertanya dalam hati. Memang sih, kupikir-pikir aku memenuhi syarat-syarat yang diminta. Usiaku baru menginjak 20 tahun. Tubuhku ramping dengan tinggi 170 cm, seimbang dengan ukuran dadaku yang di atas rata-rata wanita seusiaku. Wajahku cantik. Teman-temanku bilang aku perpaduan antara Desy Ratnasari dan Maudy Kusnadi. Tapi menurutku sih mereka terlalu memujiku berlebih-lebihan.

Ah, coba-coba saja aku melamar. Siapa tahu aku diterima jadi foto model. Kan lumayan buat menambah penghasilan. Aku masuk ke dalam rumah, ke kamarku. “Pakai baju apa ya enaknya?” batinku. Ah ini saja. Kukenakan blus biru muda dan celana panjang jeans belel yang cukup ketat yang baru saja beberapa hari yang silam kubeli di Cihampelas, Bandung.

Mobil Feroza yang kukendarai memasuki jalan yang disebut dalam iklan. Ah, mana ya nomor **** (edited)? Nah ini dia. Rumahnya sih cukup mentereng. Di halamannya terpampang papan nama “**** (edited) Agency Photo Studio & Modelling. Menerima anggota baru.” Wah benar ini tempatnya. Kuparkir mobilku di pinggir jalan. Di sana sudah banyak bertengger mobil-mobil lain. Aku masuk ke dalam. Astaga! Di dalam sudah banyak cewek-cewek cantik. Pasti mereka juga adalah pelamar sepertiku. Sejenak mereka memandangku ketika aku masuk. Mungkin mereka kagum melihat kecantikan wajahku dan kemolekan tubuhku. Kucari tempat duduk yang kosong setelah sebelumnya mendaftarkan diriku di meja pendaftaran.

Gila, hampir semua tempat duduk terisi. Nah, itu dia ada satu yang kosong di sebelah seorang cewek yang cantik sekali, keturunan Indo. Wajahnya mirip Cindy Crawford. Kelihatannya ia sebaya denganku. Tapi astaga, ia memakai baju yang berdada rendah alias “you can see,” dan rok jeans mini yang cukup ketat, sehingga menampakkan pangkal payudaranya yang berukuran cukup besar. Ia nampak memandangku dan tersenyum. Melihatnya aku menjadi minder. Wah, sainganku ini top sekali. Apakah mungkin aku terpilih menjadi foto model di sini? Satu persatu para pelamar dipanggil ke ruang pengetesan, sampai si Indo di sampingku tadi dipanggil juga. Semua pelamar yang sudah dites keluar lewat pintu lain. Akhirnya namaku dipanggil juga.

“Hanny K**** (edited) dipersilakan masuk ke dalam.”
Aku pun masuk ke dalam dan disambut oleh seorang pria bertubuh agak gemuk.
“Kenalkan aku Adolf, direktur sekaligus pemilik agensi ini. Siapa nama kamu tadi? Oh ya, Hanny, nama yang bagus, sebagus orangnya. Sekarang giliran kamu dites. Coba kamu berdiri di sana.”
Aku pun menurut saja dan menuju tempat yang ditunjuk oleh Adolf, di bawah lampu sorot yang cukup terang dan di depan sebuah kamera foto.
“Coba kamu lihat-lihat contoh-contoh foto ini. Pilih lima gaya di antaranya. Aku akan mengetes apakah kamu bisa bergaya. Jangan malu-malu, don’t be shy!” kata Adolf sembari memberiku sebuah album foto. Aku melihat foto-foto di dalamnya. Ah ini sih seperti gaya foto model di majalah-majalah! Mudah amat! Lalu aku memilih lima gaya yang menurutku bagus. Setelah itu, jepret sana, jepret sini, lima gaya sudah aku berpose dan dipotret. Tapi Adolf belum mempersilakan aku keluar ruangan. Dia kelihatannya seperti berpikir sejenak.

“Nah, sekarang, Han. Coba kamu buka kancing-kancing bagian atas blus kamu. Nggak usah malu. Biasa-biasa aja lah!”
Kupikir tak apa-apa lah kali ini. Kubuka beberapa kancing atas blusku sehingga terlihat BH yang kupakai. Mata Adolf sekilas berubah saat melihat pangkal payudaraku yang montok. Lalu aku dipotret lagi dengan pose-pose yang sensual.
“Nah, begitu kan yahud. Sekarang coba buka baju kamu semuanya.”
Wah! Ini sih mulai kelewatan!
“Ayolah, jangan malu-malu!”
Sebenarnya dalam hati aku menolak. Akan tetapi biarlah, karena aku sejak kecil selalu mengidam-idamkan ingin menjadi foto model.

Dengan perlahan-lahan kutanggalkan blus dan celana panjangku. Mata Adolf tanpa berkedip memandangi tubuh mulusku yang hanya ditutupi oleh BH dan celana dalam. Aku sedikit menggigil kedinginan hanya berpakaian dalam di ruangan yang ber-AC ini. Namun Adolf tidak mengindahkannya. Ia malah menyuruhku menanggalkan busana yang masih tersisa di tubuhku. Ah, gila ini! Tapi cueklah, hanya berdua ini! Lalu dengan membelakangi Adolf, kulepas BH-ku. Kusilangkan tanganku di dada menutupi payudaraku.

“Han, masak kamu balik badan begitu. Bagaimana aku bisa mengetesmu.”
Aku membalikkan tubuh menghadap Adolf. Adolf menyuruhku menurunkan tangan yang menutupi payudaraku. Adolf terpana menyaksikan payudaraku yang montok dan berisi dengan puting susunya yang tinggi menantang berwarna kecoklatan segar, tanpa tertutup oleh selembar benang pun. Aku menjadi risih pada pandangan matanya. Adolf menyuruhku melepas celana dalamku. Ia semakin melotot melihat bagian kemaluanku yang ditumbuhi oleh rambut-rambut halus yang masih tipis. Sekilas kulihat kemaluan di balik celana panjangnya menegang.

“Nah, sekarang kamu diam di situ. Akan kuukur tubuhmu, apakah memenuhi syarat”, kata Adolf sambil mengambil meteran untuk menjahit. Pertama kali dia mengukur ukuran vital dadaku. Ia melingkarkan meterannya melalui payudaraku. Dengan sengaja tangan Adolf menyentil puting susuku sebelah kanan sehingga membuatku meringis kesakitan. Tapi aku diam merengut saja.

“Kamu beruntung memiliki payudara yang indah seperti ini”, kata Adolf sambil mencolek belahan payudaraku.
“Nah, sudah selesai sekarang.” Aku merasa lega. Akhirnya selesailah pelecehan seksual yang terpaksa kuterima ini.
“Jadi saya sudah boleh keluar?” tanyaku.
“Eit! Siapa bilang kamu sudah boleh keluar?! Nanti dulu, manis!”
Wah, kacau! Apa gerangan yang ia inginkan lagi?
“Susan!” Adolf memanggil seseorang.
Seorang gadis cantik keluar dari ruangan lain, telanjang bulat. Ya ampun, ternyata ia adalah cewek Indo yang tadi duduk di sampingku di ruang tunggu. Payudaranya yang montok bergantung indah di dadanya, seimbang dengan pinggulnya yang montok pula. Aku bertanya-tanya apa arti dari semua ini.

“Nah, sekarang coba kamu lihat, Hanny. Susan ini adalah satu-satunya pelamar yang berhasil terpilih. Mengapa? Sebab ia cocok dengan profil foto model yang saya inginkan untuk proyek kalender bugil yang akan saya edarkan di luar negeri. Kalo kamu ingin berhasil seperti Susan, kamu harus berani seperti dia, Han”, kata Adolf sambil menunjuk ke arah gadis cantik yang bugil itu. Astaga! Batinku. Aku harus dipotret bugil. Bagaimana pandangan orang-orang terhadapku nanti apabila foto-foto telanjangku sampai dilihat orang-orang banyak?! Tapi kan cuma diedarkan di luar negeri?!

“Baiklah, tapi kali ini aja ya”, aku menyanggupinya. Akhirnya aku dipotret dalam beberapa pose. Pose yang pertama, aku disuruh berbaring tertelentang dengan pose memanjang di atas ranjang, dengan membuka pahaku lebar-lebar, sehingga menampakkan kemaluanku dengan jelas. Pose kedua, aku duduk mengangkang di tepi ranjang sementara Susan menjilati liang kemaluanku. Pose ketiga, aku dalam keadaan berdiri, sedangkan Susan dengan lidahnya yang mahir mempermainkan puting susuku. Pose keempat, aku masih berdiri, sementara Susan berdiri di belakangku dan berbuat seolah-oleh kami berdua sedang bersenggama. Susan berperan sebagai seorang pria yang sedang menghujamkan batang kemaluannya ke dalam liang kewanitaanku, sedangkan tangannya meremas-remas kedua belah payudaraku yang indah. Dan aku diminta memejamkan mataku, seakan-akan aku sedang terbuai oleh kenikmatan yang tiada taranya. Semua itu adalah pose-pose yang membangkitkan nafsu birahi bagi kaum pria namun amat memuakkan bagi diriku.

Tiba-tiba kurasakan kedua belah payudaraku diremas-remas dengan lebih keras, bahkan lebih kasar. Aku meronta-ronta kesakitan. Aku menoleh ke belakang. Astaga! Ternyata yang di belakangku sudah bukan Susan lagi, melainkan Adolf yang sekarang tengah mempermainkan payudaraku dengan seenaknya! Entah Susan sudah ke mana perginya.

“Jangan, Pak! Jangan!” Aku memberontak-berontak sebisa-bisanya. Tapi semua itu tidak ada hasilnya. Tangan Adolf lebih kuat mendekapku kencang-kencang sampai aku hampir tidak bisa bernafas.
“Kamu memang benar-benar cantik, Hanny”, kata Adolf sambil mencium tengkukku sementara tangannya masih terus merambah kedua bukit yang membusung di dadaku.

Tiba-tiba dengan kasar, Adolf mendorongku, sehingga aku jatuh tertelentang di sofa. Melihat tubuh mulusku yang sudah tergeletak pasrah di depannya, nafas Adolf memburu bagai dikejar setan. Matanya melotot seperti mau meloncat keluar melihat keindahan tubuh di depannya. Kututup payudaraku dengan tanganku, tapi Adolf menepiskannya. Betapa belahan payudaraku sangat lembut dan merangsang ketika mulut Adolf mulai menjamahnya. Payudaraku yang putih bersih itu memang menggiurkan. Mulut Adolf dengan buas menjilat dan melumat bagian puncak payudaraku, lalu mengisap puting susuku bergantian, sehingga aku menggelinjang kegelian. Nafasku ikut memburu kala tangan Adolf mulai merayap ke selangkanganku, meraba-raba pahaku dari pangkal sampai lutut. Lalu betisku yang mulus itu.

Aku hampir-hampir tak bisa bernafas lagi ketika mulut Adolf terus mengisap dan menyedot puting susuku. Aku meronta-ronta. Tapi Adolf terus mendesak dan melumat puting susuku yang runcing kemerahan itu. Seumur hidupku, belum pernah aku diperlakukan sedemikian lupa oleh lelaki manapun, dan kini aku harus menyerahkan diriku pada Adolf.

Adolf mencoba mendorong batang kemaluannya masuk ke dalam liang senggamaku yang sempit. Ia sudah tak kuat lagi membendung nafsunya yang memuncak ketika batang kemaluannya bergesekan dengan liang kewanitaanku yang merah terbuka. Batang kemaluan Adolf akhirnya menghujam seluruhnya ke dalam liang kenikmatanku. Aku menjerit ketika liang kewanitaanku diterobos oleh batang kemaluan Adolf yang tegang dan panjang. Betapa perih ketika “kepala meriam” itu terus masuk ke dalam liang kewanitaanku, yang belum pernah sekalipun merasakan jamahan laki-laki.

Aku mencoba memberontak sekuat tenaga lagi. Tapi apa daya, Adolf lebih kuat. Lagipula aku sudah lemas, tenagaku sudah hampir habis. Terpaksa aku hanya dapat menerima dengan pasrah digagahi oleh Adolf. Dan akhirnya, aku merasa tak kuat lagi. Setelah itu aku tak ingat apa-apa lagi. Aku tak sadarkan diri.

Saat aku siuman, aku menyadari diriku masih tergeletak telanjang bulat di sofa dengan cairan-cairan kenikmatan yang ditembakkan dari batang kemaluan Adolf berhamburan di sekujur perut dan dadaku. Sementara kulihat ruangan itu telah kosong. Segera kukenakan pakaianku kembali dan bergegas ke luar ruangan. Kukebut Feroza-ku pulang ke rumah dan bersumpah tak akan pernah kembali lagi ke tempat terkutuk itu!
 

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How to Get Financing For Your Small Business In today's hostile economic environment, access to capital is the primary differentiating factor between those businesses which have been able to expand and gain market share versus those that have experienced enormous drops in revenue. The reason many small businesses have seen their sales and cash flow drop dramatically, many to the point of closing their doors, while many large U.S. corporations have managed to increase sales, open new retail operations, and grow earnings per share is that a small business almost always relies exclusively on traditional commercial bank financing, such as SBA loans and unsecured lines of credit, while large publicly traded corporations have access to the public markets, such as the stock market or bond market, for access to capital. Prior to the onset of the financial crises of 2008 and the ensuing Great Recession, many of the largest U.S. commercial banks were engaging in an easy money policy and openly lending to small businesses, whose owners had good credit scores and some industry experience. Many of these business loans consisted of unsecured commercial lines of credit and installment loans that required no collateral. These loans were almost always exclusively backed by a personal guaranty from the business owner. This is why good personal credit was all that was required to virtually guarantee a business loan approval. During this period, thousands of small business owners used these business loans and lines of credit to access the capital they needed to fund working capital needs that included payroll expenses, equipment purchases, maintenance, repairs, marketing, tax obligations, and expansion opportunities. Easy access to these capital resources allowed many small businesses to flourish and to manage cash flow needs as they arose. Yet, many business owners grew overly optimistic and many made aggressive growth forecasts and took on increasingly risky bets. As a result, many ambitious business owners began to expand their business operations and borrowed heavily from small business loans and lines of credit, with the anticipation of being able to pay back these heavy debt loads through future growth and increased profits. As long as banks maintained this 'easy money' policy, asset values continued to rise, consumers continued to spend, and business owners continued to expand through the use of increased leverage. But, eventually, this party, would come to an abrupt ending. When the financial crisis of 2008 began with the sudden collapse of Lehman Brothers, one of the oldest and most renowned banking institutions on Wall Street, a financial panic and contagion spread throughout the credit markets. The ensuing freeze of the credit markets caused the gears of the U.S. financial system to come to a grinding halt. Banks stopped lending overnight and the sudden lack of easy money which had caused asset values, especially home prices, to increase in recent years, now cause those very same asset values to plummet. As asset values imploded, commercial bank balance sheets deteriorated and stock prices collapsed. The days of easy money had ended. The party was officially over. In the aftermath of the financial crisis, the Great Recession that followed created a vacuum in the capital markets. The very same commercial banks that had freely and easily lent money to small businesses and small business owners, now suffered from a lack of capital on their balance sheets - one that threatened their very own existence. Almost overnight, many commercial banks closed off further access to business lines of credit and called due the outstanding balances on business loans. Small businesses, which relied on the working capital from these business lines of credit, could no longer meet their cash flow needs and debt obligations. Unable to cope with a sudden and dramatic drop in sales and revenue, many small businesses failed. Since many of these same small businesses were responsible for having created millions of jobs, every time one of these enterprises failed the unemployment rate increased. As the financial crisis deepened, commercial banks went into a tailspin that eventually threatened the collapse of the entire financial system. Although Congress and Federal Reserve Bank led a tax payer funded bailout of the entire banking system, the damage had been done. Hundreds of billions of dollars were injected into the banking system to prop up the balance sheets of what were effectively defunct institutions. Yet, during this process, no provision was ever made that required these banks to loan money out to consumers or private businesses. Instead of using a portion of these taxpayer funds to support small businesses and avert unnecessary business failures and increased unemployment, commercial banks chose to continue to deny access to capital to thousands of small businesses and small business owners. Even after receiving a historic taxpayer funded bailout, the commercial banks embraced an 'every man for himself' attitude and continue to cut off access to business lines of credit and commercial loans, regardless of the credit history or timely payments on such lines and loans. Small business bankruptcies skyrocketed and high unemployment persisted. During this same period, when small businesses were being choked into non-existence, as a result of the lack of capital which was created by commercial banks, large publicly-traded corporations managed to survive and even grow their businesses. They were mainly able to do so by issuing debt, through the bond markets, or raising equity, by issuing shares through the equity markets. While large public companies were raising hundreds of millions of dollars in fresh capital, thousands of small businesses were being put under by banks that closed off existing commercial lines of credit and refused to issue new small business loans. Even now, in mid 2012, more than four years since the onset of the financial crisis, the vast majority of small businesses have no means of access to capital. Commercial banks continue to refuse to lend on an unsecured basis to almost all small businesses. To even have a minute chance of being approved for a small business loan or business line of credit, a small business must possess tangible collateral that a bank could easily sell for an amount equal to the value of the business loan or line of credit. Any small business without collateral has virtually no chance at attaining a loan approval, even through the SBA, without significant collateral such as equipment or inventory. When a small business cannot demonstrate collateral to provide security for the small business loan, the commercial bank will ask for the small business owner to secure the loan with his or her own personal assets or equity, such as equity in a house or cash in a checking, savings, or retirement account, such as a 401k or IRA. This latter situation places the personal assets of the owner at risk in the event of a small business failure. Additionally, virtually all small business loans will require the business owner to have excellent personal credit and FICO scores, as well as require a personal guaranty. Finally, multiple years of financial statements, including tax returns for the business, demonstrated sustained profitability will be required in just about every small business loan application. A failure or lack of ability to provide any of these stringent requirements will often result in an immediate denial in the application for almost all small business loans or commercial lines of credit. In many instances, denials for business loans are being issued to applicants which have provided each of these requirements. Therefore, being able to qualify with good personal credit, collateral, and strong financial statements and tax returns still does not guarantee approval of a business loan request in the post financial crisis economic climate. Access to capital for small businesses and small business owners is more difficult than ever. As a result of this persistent capital vacuum, small businesses and small business owners have begun to seek out alternative sources of business capital and business loans. Many small business owners seeking cash flow for existing business operations or funds to finance expansion have discovered alternative business financing through the use of merchant credit card cash advance loans and small business installment loans offered by private investors. These merchant cash advance loans offer significant advantages to small businesses and small business owners when compared to traditional commercial bank loans. Merchant cash advance loans, sometimes referred to as factoring loans, are based on the amount of average credit card volume a merchant or retail outlet, processes over a three to six month period. Any merchant or retail operator that accepts credit cards as payment from customers, including Visa, MasterCard, American Express, or Discover, is virtually guaranteed an approval for a merchant credit card advance. The total amount of cash advance that a merchant qualifies for is determined by this three to six month average and the funds are generally deposited in the business checking account of the small business within a seven to ten day period from the time of approval. A set repayment amount is fixed and the repayment of the cash advance plus interest is predetermined at the time the advance is approved by the lender. For instance, if a merchant or retailer processes approximately $1,000 per day in credit cards from its customers, the monthly average of total credit cards processed equals $30,000. If the merchant qualifies for $30,000 for a cash advance and the factoring rate is 1.20, the total that would need to be repaid is $30,000 - plus 20% of $30,000 which equals $6,000 - for a total repayment amount of $36,000. Therefore, the merchant would receive a lump sum of $30,000 cash, deposited in the business checking account, and a total of $36,000 would need to be repaid. The repayment is made by automatically deducting a pre-determined amount of each of the merchant's daily future credit card sales - usually at a rate of 20% of total daily credit cards processed. Thus, the merchant does not have to write checks or send payments. The fixed percent is simply deducted from future credit sales until the total sum due of $36,000 is paid off. The advantage to this type of financing versus a commercial bank loan is that a merchant cash advance is not reported on the personal credit report of the business owner. This effectively separates the personal financial affairs of the small business owner from the financial affairs of the small business entity. A second advantage to a merchant credit card cash advance is that an approval does not require a personal guaranty from the business owner. If the business is unable to repay the merchant cash advance loan in full, the business owner is not held personally responsible and cannot be forced to post personal collateral as security for the merchant advance. The owner removes the financial consequences that often accompany a commercial bank business loan that requires a personal guaranty and often forces business owners into personal bankruptcy in the even that their business venture fails and cannot repay the outstanding loan balance. A third, and distinct advantage, is that a merchant credit card cash advance loan does not require any collateral as additional security for the loan. The future credit card receivables are the security for the cash advance repayment, thus no additional collateral requirements exist. Since the majority of small businesses do not have physical equipment or inventory that can be posted as collateral for a traditional bank loan, this type of financing is a phenomenal alternative for thousands of retail businesses, merchants, sole proprietorships, and online stores seeking access to capital. Such businesses would be denied automatically for a traditional business loan simply because of the lack of collateral to serve as added security for the bank or lender. Finally, a merchant credit card advance loan approval does not depend upon the strong or perfect personal credit of the business owner. In fact, the business owner's personal credit can be quite poor and have a low FICO score, and this will not disqualify the business from being approved for the cash advance. The business owner's personal credit is usually checked only for the purpose of helping to determine that factoring rate at which the total loan repayment will be made. However, even a business owner with a recently discharged personal bankruptcy can qualify for a merchant credit card cash advance loan. Since the cash funds being lent on merchant credit card advances is provided by a network of private investors, these lenders are not regulated or affected by the new capital requirements that have placed a constraint on the commercial banking industry. The merchant cash advance approvals are determined by internal underwriting guidelines developed by the private lenders in the network. Each loan application is reviewed and processed on a case-by-case basis and approvals are issued within 24 to 48 hours from receipt of a complete application, including the previous three to six months of merchant credit statements. Merchant credit card.

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