• Home
  • Domains
  • Internet & Tech
  • Security & Privacy
  • Google & Search
  • Editorial Praise
  • Contact

Strategic Revenue - Domain and Internet News

Internet news authored by John Colascione

Register Domain Names

  • Isn’t Print Dead?
  • Killer Acquisition
  • New gTLD Death
  • Online Censorship
  • Gullible Domainers
  • You’re A Loser
You are here: Home / Business / “Strategic” Small Business Financing Opportunities for Growing Your Business

“Strategic” Small Business Financing Opportunities for Growing Your Business

November 21, 2019 By John Colascione Leave a Comment

*** Here Is A List Of Some Of The Best Domain Name Resources Available ***

Register Domain Names

PALM BEACH, FL – Over fifteen years ago I founded my business as your average hopeful entrepreneur and created it without any startup capital at all. I didn’t even really have any experience in the market I was entering but I was determined. Within the businesses first few years I was able to grow the business mostly on my credit cards which helped me put in place the foundation, processes and systems that were required to get the business off the ground. At some point within that first ten years I finally qualified for a real deal business loan, after being denied by the Small Business Administration.

My first loan was a term loan for $70,000.00 which I paid back over 36 months. I also qualified for a business line of credit in the amount of $15,000.00 which I still have available for withdrawals today. I don’t use the line of credit anymore even though it is there and available, but there were times where the line of credit was extremely helpful when I needed it. Funds where able be moved from the line of credit account into my bank account immediately (upon login and selection of the amount I needed) and weekly payments where automatically withdrawn from my business checking account. I can’t tell you how many times this came in handy.

If your business has been operating for at least a year and is, in general, a healthy business which shows a potential likelihood for sustainability or even growth, you may qualify for a small business loan up to as much as “$500,000.00” (paid back over 3 – 36 months) or a line of credit for up to “$100,000.00” (paid back over 6 – 12 months).

Business Lines of Credit

The majority of businesses which are approved for these types of loans usually have:

  1. A minimum of $1,000.00 in their business checking account at all times.
  2. A minimum of 1 year in business.
  3. An owner of the company with at least a 500 FICO score (decent).
  4. No bankruptcy or foreclosures filed in at least the last two years.
  5. The business brought in at least $8,500.00 in the last 90 days.

These types of loans are generally expected to be used for the following:

  1. Acquire an existing business or competitor.
  2. Purchase inventory.
  3. Invest in new technology or equipment.
  4. Expand or renovate facilities.
  5. Advertise to increase sales and traffic.
  6. Hire new staff.
  7. Support day to day operations.
  8. Meet short term obligations.
  9. Pay taxes.
  10. Handle unexpected expenses.

Businesses that will be, in most cases, immediately declined for financing are the following:

  1. Adult entertainment and materials.
  2. Drug dispensaries.
  3. Firearms vendors.
  4. Government, non-profits, or public administration.
  5. Horoscope and fortune telling businesses.
  6. Lotteries, casinos, raffles, gaming and gambling businesses.
  7. Money services businesses.
  8. Religious or civic organizations.
  9. Rooming and boarding houses.

Businesses that are ideal for this type of small business financing are the following:

  • Administrative Management and General Management Consulting Services
  • All Other Miscellaneous Store Retailers
  • Automotive Parts and Accessories Stores
  • Automotive Body, Paint, and Interior Repair and Contractors Maintenance
  • Beauty Salons
  • Beer, Wine, and Liquor Stores
  • Caterers
  • Child Day Care Services
  • Chiropractors Offices
  • Commercial Screen Printing
  • Computer Systems Design Services
  • Cosmetics, Beauty Supplies, and Perfume Stores
  • Custom Computer Programming Services
  • Dentist Offices
  • Drinking Places (Alcoholic Beverages)
  • Dry-cleaning and Laundry Services (except Coin-Operated)
  • Electrical Contractors and Other Wiring Installation Contractors
  • Electronics Stores
  • Fitness Recreational Sports Centers
  • Flooring Contractors
  • Full-Service Restaurants
  • Furniture Stores
  • Gasoline Stations with Convenience Stores
  • General Automotive Repair
  • General Freight Trucking, Truck loading
  • Gift, Novelty, and Souvenir Stores
  • Home Health Care Services
  • Janitorial Services
  • Jewelry Stores
  • Landscaping Services
  • Limited-Service Restaurants
  • Marketing Consulting Services
  • Nail Salons
  • Offices of Physicians (except Mental Health Specialists)
  • Other Clothing Stores
  • Other Personal Care Services
  • Other Specialty Trade Contractors
  • Painting and Wall Covering Contractors
  • Pet Care (except Veterinary) Services
  • Physical, Occupational and Speech Therapists and Audiologists
  • Plumbing, Heating, and Air-Conditioning Contractors
  • Residential Remodeler
  • Roofing Contractors
  • Snack and Nonalcoholic Beverage Bars
  • Software Publishers
  • Sporting Goods Stores
  • Sports and Recreational Instruction
  • Supermarkets and Other Grocery (except Convenience) Stores
  • Tobacco Stores
  • Women’s Clothing Stores

I have now partnered up with the company that gave me both of these loan types and am referring businesses to them in exchange for a commission on the loans. If you are in need of one of these loans for your established business, you can visit my website which I created specifically for these referrals at Business Union Capital or BUC Financial.

Small Business Loans

To qualify for one of these loans it depends not only on the business owners credit worthiness but also on the sales volume of the business.

Businesses which wish to see if they qualify need to provide:

  1. The owners name (first and last),
  2. The owner’s email and best phone number
  3. The company name and company phone number
  4. The number of years in business
  5. The monthly sales volume,
  6. Three recent bank statements.

I am also creating a referral program that will pay out 2% of the amount of the loan to the referrer, so even if you do not need a loan, if you know someone who meets the basic qualifications you could refer that person for a 2% commission of their approved loan amount. Feel free to contact me if you have a referral you would like someone from my team to contact.

Business Union Capital
John Colascione 2024
John Colascione

About The Author: John Colascione is Chief Executive Officer of Internet Marketing Services Inc. He specializes in Website Monetization, is a Google AdWords Certified Professional, authored a ‘how to’ book called ”Mastering Your Website‘, and is a key player in several Internet related businesses through his search engine strategy brand Searchen Networks®

Filed Under: Business, Other Issues Tagged With: Affiliate Commission, Affiliate Commissions, Bank Statements, Business, Business Loan, Business Loans, Business Owner, Business Startup, Business Venture, Businesses, Commission, Commissions, Credit Cards, Expand, Expenses, Financing, Hire Staff, Increase Sales, Increase Traffic, Investment Capital, Line of Credit, Purchase Equipment, Purchase Inventory, Qualifications, Referral Program, Renovate Facilities, Sales Volume, Small Business, Small Business Loan, Small Businesses, Startup, Startup Capital, Startup Companies, Startup Company, Startups, Venture Capital

*** Here Is A List Of Some Of The Best Domain Name Resources Available ***

Register Domain Names

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search This Site

by: John Colascione

John Colascione

Best Site for Things to Do While Visiting Florida
John Colascione is Chief Executive of Internet Marketing Services Inc. He specializes in Website Monetization, authored a book called Mastering Your Website, and is a key player in several Internet businesses through his brand SEARCHEN®

#Indiana.com

GEO domain name

Follow Me

John Colascione Twitter

USED CARS ENTERPRISE

auto buyers market
Auto Buyers Market – Shop Used Cars by Participating Dealers at autobuyersmarket.com

In The News

  • DNJournal: New Book From Veteran Domainer
  • From Brandable to Exact-Match Geo Domain
  • InnovateLI: Two Deals, One Very Interesting Digital
  • Internet Commerce Association: John Colascione
  • NamesCon: Featured Attendee: John Colascione
  • Long Island Media Inc, SmartCEO, Future 50
  • Speakers, Name Summit, John Colascione
  • Speakers, Real Estate Summit, John Colascione
  • 24 Leading Domain Experts Analyze 2017

Popular Stories

New gTLD? Not So Fast; History Suggests New ‘Right of the Dots’ Could = Total Failure

Could Domain Investing Industry End with Legal Provision for Domain “Hoarding”

Did DuckDuckGo Just Acquire Premium Domain “Duck.com” from Google?

Websites and Domain Names to Become Insignificant within 20 Years or Less

Does the Domain Industry Suffer From Own Versions of Trumpted “Fake News” Stories?

Quotes to Follow

quote icon The domain name is equivalent to Gold. It is the only packaged item which is globally tax-free, portable, with value that is universal across different cultures. quote icon – Frank Schilling

quote icon Domains have and will continue to go up in value faster than any other commodity ever known to man. quote icon – Rick Schwartz

quote icon  Google knows you, your friends, your likes, what entertains you, where you are in the world at any given time. Google will soon predict your next action, your next thought, based on a collaboration of thoughts past. quote icon – John Colascione

Like These Headlines?

Enter your email address:

Delivered by FeedBurner

T.L.D. Brokerage

Domain Brokers

Books on Domain Names

  • Books on Domain Names
  • Best Biz Cash Back Credit Card (5%)

The Evolving Landscape of Search, SEO, AI and the Role of Domains

WEST PALM BEACH, FL - I’ve been in this industry for nearly 25 years. When I first started, most people hadn’t even heard of Google. Today, Google is the single most influential factor in whether a … [Read More...]

Google’s Search Market Share Dips Below 90% for First Time in Decade

MOUNTAIN VIEW, CA - Google's global search engine market share fell below 90% in the final quarter of 2024, marking the first time since 2015 that it has dipped under this threshold. Regional … [Read More...]

Near Identical Domain Used To Scam Over $800,000 With Wire For Real Estate Deal

AUSTRALIA - A South Australian woman narrowly avoided a complete financial disaster after falling victim to a sophisticated business email compromise (BEC) scam that led to the loss of over $800,000. … [Read More...]

Domaining blog recommended by Domaining.com

Copyright © 2010-2025 StrategicRevenue.com - Property of Internet Marketing Services Inc.   FeedBurner: RSS
By using this site you agree to our Terms of Service and Privacy Policy. If you do not agree, please exit the service.