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Tips for Getting a Merchant Cash Advance

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By Vista Capital Solutions

Are you considering a merchant cash advance for funding? Do you need financing quickly? Or is your current credit score making it difficult to acquire a traditional loan?

No matter why you are looking into a business cash advance, some tips will help ensure you take out the right advance from the right provider

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Avoid Running Negatives

If you are considering a merchant cash advance, the lender will look at your current accounts to calculate the right amount. They will look at your current and prior transaction history to do this.

If you have had a lot of situations of bounced checks and insufficient funds, you may not receive the funding you apply for. In most cases, the funding company will require that you may payments daily. If you have a track record of not meeting your financial obligations, getting this type of funding may be impossible. Because of this, you need to make sure you don’t have a lot of instances of negative balances

Maintain a Sufficient Daily Balance

If you want to be approved for an advance, you have to keep your day-to-day balances as high as possible and avoid negative balances in your accounts. Suppose a funding company sees that you have sufficient balances and that you keep these consistently to meet financial obligations. In that case, they are much more likely to provide you with the financing that you requested. It will also help you get a longer-term and lower rate than if you had lower day-to-day balances

A Good Credit Score

Do you have a good credit score? If not, you may find it difficult to get the cash advance you have applied for. A merchant cash advance company is a new creditor, which means they may want to view your past track record of payments, if they were on time, etc. If they find out you have had issues, such as a poor credit history, past defaults, or delinquencies, then you may not get the funding you requested from that provider

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Acquiring a Merchant Cash Advance

As you can see, there are several things that a merchant cash advance lender will consider when it comes to providing this funding. Be sure to keep the information here in mind, which will give you the best chance possible of getting the funding you need. Being informed will also help you secure this financing to help grow your business.

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How Raising Your Business Credit Score Can Help Your Company

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By Vista Capital Solutions

You probably remember using your personal credit lines to take out the initial loans needed to open your business. Before starting a company, you don’t have any business credit. Even after a few years, it is possible that your company still won’t have established business credit. If you don’t actually work on your business score, then you may never have this kind of credit. Discovering ways to beef up your business credit score can help your company realize a whole host of untapped opportunities.

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Repair Your Personal Credit

Your personal credit score and business credit score are two totally different entities. However, the first factor in establishing a business score is maintaining a decent personal credit score. Before you can start building business credit, you should focus on any necessary personal credit repair first. If you find that your individual score needs improving, there are some things you can do. Any derogatory marks can keep your score down, so try to dispute these items with each of the different credit bureaus. If you’re successfully able to remove any of these negative marks, your score will increase as a result.

Build Your Business Credit

Although the first step toward building business credit is focusing on your personal credit repair, there are additional measures you should consider. One way to start having good business credit is by paying your bills as early as possible. This factor is very important to the bureaus that determine business scores. Checking with these bureaus can help you understand other factors that make up your score, so you don’t waste time with unnecessary actions.

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Understand the Benefits of Good Credit

Before you go through the necessary credit repair to begin building your business score, you want to understand why this type of credit is significant. Not all companies have established business credit, and it may limit future growth in many ways. A good business credit score makes you eligible for financing opportunities that can dramatically expand your company. A good business score can make or break a deal, especially when purchasing or leasing commercial real estate. If you want to grow your business and make exponential profits, you should pay attention to building business credit.

There are many benefits to establishing a decent business credit score. Your personal credit will improve, your business will grow, and you will realize many new opportunities as a result of your hard work.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

How Different Kinds of 401K Rollovers Can Help Your Employees

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By Vista Capital Solutions

Figuring out to handle issues regarding 401K retirement plans can be particularly tricky for some people. When you own a company and offer this kind of benefit to your employees, you want them to get the most out of the experience. People use this kind of feature to save money for retirement, and they take it out of the income they’ve worked hard for. If you’ve hired a new associate who has a 401K with their previous company, then you want to offer them a way to roll it over to the plan that you offer.

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Consider New Associates

When you find a great new candidate to join your company’s team, you want to give them flexible benefits. Allowing them to do a 401K rollover from their previous company to the plan that you offer is a huge benefit. Sometimes, people can’t keep this benefit once they leave an employer and must find a way to roll their funds over to avoid hefty tax penalties.

Think About Former Employees

If you have an associate who chooses to leave your company, then they may have to perform a 401K rollover elsewhere. For example, if this person goes to work for a company that doesn’t offer a 401K plan to its associates, then they will have to find a place to put their account or pay taxes. By allowing your former employee to keep their money in the account after they no longer work for you, you will be saving them a large amount of their hard-earned funds. Check with your benefits provider to see how you can arrange this for former employees.

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Understand Other Options

When people want another option for their 401K rollover, they usually turn to an individual retirement account or IRA. As a business owner, it’s important to understand this option especially if you’re investing for your retirement. This option can help a person avoid the tax burden that comes with cashing out a 401K before the minimum age. If you have a 401K from a previous job and wish to put the money elsewhere, choosing this option is usually a good idea. Check with your local financial advisor to learn more about this process.

Understanding more about how to transfer from one 401K to another can help you make informed benefits choices for your employees. When you offer more options to your workers, they will be happier as a result.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

4 Reasons to Consider Asset-Based Lending

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By Vista Capital Solutions

There are many situations in which your company may need funding. Maybe you’re looking to expand your business, open up a new location or invest in a new project. Maybe you need new equipment or training for employees. Maybe you’re anticipating a slow season and want to be financially prepared for lower revenue. Whatever the case, asset-based lending can be a great way for you to get the money that you need. There are several reasons why this might be a better option than a traditional loan.

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1. It Can Be Easier to Get

Asset-based lending uses collateral to secure your loan. When you are using collateral, it is less risky for a lender to provide you with funding. Because of this, aspects that might have otherwise kept you from being approved for a loan, such as limited credit history, might not be as important.

2. They May Cost Less Over Time

Because you are providing collateral, some terms of your loan might be more favorable than they would be if you had gotten a traditional loan. With this kind of lending, interest rates are often lower. This means that you will end up spending less to pay back your loan than you would with another kind of funding.

3. The Money Can Be Used Where You Need It

You might think that, when you get a loan, you can spend it however you like, but this isn’t always the case. Depending on the type of funding you get, there might be some restrictions on how you can use it. Asset-based loans are generally more flexible, allowing you to use them in a variety of different ways as long as it is for your business.

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4. You Can Get Funding More Quickly

Applications for traditional loans can often take a while to be approved. There are larger amounts of paperwork and stricter requirements, so the application process can be lengthy. Even if you are approved for a loan, it can still take months to receive the money. An asset-based loan, on the other hand, can be approved much more quickly.

If you are having trouble qualifying for a traditional loan, then asset-based lending is an option you may want to consider. It can be easier to get than other types of funding and comes with additional benefits, like flexibility and lower interest rates. Different lenders will have varying requirements, so look into your options to determine if it is a good fit for your business.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Breaking Into the Commercial Real Estate Industry

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By Vista Capital Solutions

Finding the right place to invest your money is often more challenging of an experience than many people realize. There are risks involved in any investment scenario and it can be difficult to figure out which options are going to yield the biggest results. Though far from a sure thing, commercial real estate is definitely one of the more lucrative areas when it comes to investments. If you think this path might be the perfect fit for your journey, take a moment to review the basics and get a better feel for what to expect.

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Why CRE?

The first question many investors have when presented with commercial property options is why this choice is better than residential real estate. This is especially true in recent years, when the fix-and-flip model has offered first-time investors amazing opportunities. Though advantageous, residential properties are still very limiting in what they can offer an investor. With commercial options, an investor is given an opportunity to see a much bigger return and turn a single piece of property into several recurring points of income.

What Are the CRE Property Types?

The main reason commercial real estate is more appealing than residential options is because it can be used in several different ways. The four main categories of CRE include retail, multi-family housing, office, and industrial. Depending on the location of the property itself, you might want to explore any one of these options. Each choice can produce a number of benefits and challenges, so it is wise to think through the pros and cons before making any final decisions. The main goal is to find a property with several units that can be rented out separately.

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What Are the Key Benefits of CRE?

Investing in commercial properties is advantageous because it allows the investor a chance to see income that lasts for a long while. Residential properties are only designated to be used by one renter at a time. With a commercial property, you can rent each unit out to a different person or group. This creates a number of points of cash flow that you can rely on each month. Many investors use the funds created by these properties to fund future investments and grow their empires. All it takes to get started is some dedicated research.

Finding the perfect piece of commercial real estate takes time and effort. As long as you understand the basics of CRE investments, you will be able to commit to the search and see the best possible results. Vista Capital Solutions offers an array of CRE funding solutions for all types of commercial property transactions and projects, nationwide. Reach out to our offices today to explore your options.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

How Short-Term Loans Help Companies Do More

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By Vista Capital Solutions

Running a small business can be a rewarding opportunity, but it takes a lot of work. New business owners in the first few years of incorporation may find themselves in a tight spot from time to time. When you’re trying to bring in profit and business suddenly slows, it might be frustrating to find a solution. You still have to pay your employees and keep the electricity on even when no customers are coming through your door. Fortunately, there are some funding methods that help businesses get past tough times.

Ask a Bank

When you’re looking for a solution to get you past a dip in sales, asking a financial professional about short-term loans is a good place to start. Instead of aiming for a large loan, think about getting just enough for your needs. Bankers can help people decide what kinds of financial products will work best for their exact problem. Tell your financial professional everything that you’re wanting to accomplish and in what time frame you must do this. You must demonstrate a purpose for the money before a bank will loan it to you.

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Consider Other Options

Before you sign on the dotted line with a lender, take the time to see what other options are available besides short-term loans. Ask your banker about different types of products and what their terms are. It’s a good idea to educate yourself on what’s out there so you know where you can turn in the future for other funding needs. Compare interest rates, payment terms, and approval requirements for other kinds of loans.

Make an Informed Decision

After you’ve consulted your financial professional and researched other available products, then it’s a good time to make your decision about applying for short-term loans. Some of these products may even be backed by the United States Small Business Administration. The SBA works with banks and other financial institutions to partially guarantee loans for small business owners. Because these products hold a little less risk for the lender, they are sometimes easier to qualify for. the SBA offers both long and short-term products that are designed to fit the needs of smaller enterprises. Choosing one of these kinds of loans may be more favorable.

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Once you’ve put in your time and research, you will find a good loan for your business. Staying informed about finance will help you make wiser decisions down the road.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Using Your Marketing Analytics to the Fullest

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By Vista Capital Solutions

Marketing your business is a lot easier than it used to be. Thanks to the power of the internet, it is possible to unearth a ton of useful information about how your ads and promotions are performing. It all begins with your marketing analytics. Though you probably have a general idea of how to analyze the data connected to your marketing processes, there are probably a few pointers that could help you maximize your results. Look over these tips and discover how you can start to make the most of your data analysis.

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Start With Current Performance

Data is powerful because it can show you almost anything you want to see or understand about your company and its various resources. However, it is easy to get carried away with how much potential an analysis can have. This means you want to slow down and start your journey with a few simple tasks. Above all else, you want to start with your current marketing performance. How are your current campaigns resonating with customers? Are you seeing conversions at the rate you’d hoped? Knowing where you’re at is necessary for knowing where to go.

Aim for the Future

After you’ve given yourself a chance to analyze where your marketing efforts are at, it is time to use data to create a map for the direction you would like to head. What are the long-term goals you have for your business? Analytics can help you take a general objective for your company and transform it into an actual possibility. As you begin to analyze various performance metrics, you’ll see what is and isn’t working. By using this information to your best abilities, you can craft marketing campaigns that exceed all previous attempts.

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Remember To Keep Checking Back

An easy mistake to make after discovering something useful from a session of data analysis is assuming you’ve found a concrete solution. In truth, data is always changing. Whatever you learn along the way is usually only going to be applicable to this specific moment in time. You must constantly go back to the drawing board to interpret new data and weigh it against previous sets. The more you get used to the processes, the easier it will be to make data analysis a routine part of your marketing team’s tasks.

Getting the most out of your marketing analytics is all about understanding a few simple facts. Learn the basics, keep your ear to the ground for new trends, and take your understanding of your business to the next level.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Tips for Financing Fix and Flip Projects

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By Vista Capital Solutions

With interest rates at historic lows, many properties are selling like hotcakes. Additionally, many regions of the country are experiencing a historic influx of people moving in, adding fuel to the boom in the property market. Because of these underlying trends, it’s a good time to be in the fix and flip business. Your cost of capital can be quite low. Fix and flip financing terms can be excellent.

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Game Plan for Your Fix and Flip Business

Before we get into the actual financing aspects of your business, it’s best to start at the beginning. Do you have a solid business plan for your fix ad flip enterprise? This may be old hat if you are an experienced fix-and-flipper. If you’re just starting out, make sure that you:

  • Scout out your target properties in advance
  • Have a specific business plan, including strategy and timeline, for each property under consideration
  • Obtain a professional appraisal of the current value of the property and the estimated value after your work is completed
  • Seek out and obtain any fix and flip financing that you may need

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Financing Your Fix and Flip Business

There are a number of ways to get the capital you need to be successful in the fix-and-flip arena. Here are several to think about:

  • Obtain funds from a financing partner. Often used by those with deep market knowledge, the property flipper borrows from a partner for a share of the profits.
  • Take out a home equity loan. If you have substantial equity built up in your personal residence, a home equity line of credit may serve you well.
  • Finance via your 401(k). Many folks have considerable sums in their 401k accounts. You can borrow against these sums and use the money as you see fit.
  • Business Lines of Credit. In this form of financing, often used by experienced fix-and-flippers, you get access to a pool of money that can be used as working capital in your business.
  • Borrow from family. This is generally not a preferred method. It may be useful for those who work closely with close family members who understand the business and are engaged in it themselves.

Vista Capital Solutions offers financing programs specifically designed for property flippers. Contact our team today to learn more about our fix and flip loans, as well as our fix and flip lines of credit.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

How Could You Pursue Business Growth This Year?

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By Vista Capital Solutions, LLC

No matter the size and type of your enterprise, you probably have goals related to ongoing success. After all, it’s not sustainable to keep your company at the same level for too long. It’s ideal to keep exploring new ways to appeal to customers and move into new markets. Moving ahead with business growth strategies is much easier when you know the kinds of options that exist.

Market Penetration

Market penetration is one possibility. It involves selling more of your product to existing customers. For example, if your business provides a common food, like peanut butter, you might feature recipes on the back of each jar, encouraging buyers to use your product in new ways. Then, they’ll likely need to restock more often, which helps your profits.

Similarly, if you offer a product that people use frequently and regularly, you might sell it in larger packs that cost a bit more. Consumers probably won’t mind the extra expense if they buy the item often enough anyway.

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Market Development

Market development is another way to help your business grow. It occurs when you develop new market segments for your product. For example, you might have the company headquarters in San Diego, California. After getting established there, a market development plan could help you branch out to more cities, getting a larger number of total people acquainted with what you offer.

Have you thought about making items accessible through additional channels or models? Those approaches could also help your company become more profitable and well-known. Consider the example of a business that sells tractors. If it launched a rental service or rent-to-own model, those additional options could make more people interested. Some consumers cannot afford the upfront costs associated with farm equipment. Letting them rent tractors instead makes the expenses more manageable.

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Product Development

Product development could also be vital for growth. However, since this is one of the most cost-intensive ways to help your company gain momentum in the marketplace, it’s crucial that you perform the necessary research to ensure that people want your proposed products enough to buy them.

These are far from the only options concerning business growth. However, it’s worth exploring each of them and considering whether they could help take your company to the next level. Before choosing a strategy, make sure that you and your business partners have the dedication to stick with it, even if there are challenging times ahead.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Ways To Save Money When Your Business Needs Equipment

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Image from Pixabay

By Vista Capital Solutions

Regardless of how long you’ve already been in business, chances are, you’ll need to acquire some equipment to get work done. Many types of companies require machines or devices to make things happen. When you’re wanting to save money on your regular expenses, then it makes sense to see if you can do so on your equipment costs. Sometimes, the methods of financing that you choose can have a bearing on the monthly payments you make.

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Consider Leasing Your Devices

If you haven’t already explored this type of financing option, then you may want to consider equipment leasing for your business. Especially if your company requires devices that need to be upgraded regularly, this method may make life easier for you. Many times, people make lower monthly payments with leases than they would on loans. There are different kinds of leasing companies out there that offer various benefits.

Find Additional Benefits

Another important aspect of equipment leasing is that the lease company may offer additional services for its customers. If the company specializes in devices like the one that you’re leasing, then they may have a service package or insurance policy on the leased machinery. Don’t be afraid to ask your lessor if you get any benefits from using their service.

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Check the Company’s Record

Especially if you’re new to the world of equipment leasing, it’s important to vet the leasing company before you sign on the dotted line. Check any customer reviews that you can find about the organization in question. If there are any bad comments, see if there is any merit to them. Don’t just take a leasing company’s word that they do a good job. When other customers voluntarily leave positive comments about a certain provider, then you can trust that company.

Plan for the Application Process

Image from Pixabay

Just like with any financial product, you want to make sure that you are prepared for the application process. Every financial institution has different rules, so take the time to read them before you submit your entry. If the leasing company requires a certain document, then you want to make sure you acquire it before you begin the application. Sometimes, all it takes to deny a client is one missing item in the application packet.

When you take the time to explore different financing options, you can save money on equipment costs. Putting in the time to research beforehand will enable you to have more success in the long run.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.