ARC Loan Mistakes

HOt eyes

 

This article will cover the mistakes business owners make in trying to get and ARC loan and what you can do to avoid the same mistakes. Mistakes are time wasters and time is of the essence when it comes to getting the ARC Loans.

Mistake 1: Not understanding there is a time limit. Yes, ARC loans became available      in June of 2009; however, there will not be there forever. By knowing the deadlines and anticipating how much time it will take you to apply, you can avoid rushing. Rushing your paperwork will cause you to forget or leave out important information. Information gathering will be vital to creating an application that will get you the money.

 

Mistake 2: Not asking for the top amount. You need to know the maximum amount you can ask for and ask for it. This will bring you up to date with a lot of other bills. People are afraid to ask for more than they ‘need’. If you business is to expand, you have to do more than just get enough to keep you going. You have to get enough to go past survival and into Thrive. Ask for the proper amounts.

Mistake 3: Applying to the wrong banks. Not every bank will be doing these loans. Many banks do not think these loans will help. They think of the loans as being a problem in the long run. Some banks who are saying they are doing the loans are not up and running yet. I have had people write me at the Wright Place  TV Show and tell me, the bank they called, didn’t have the paperwork and were not ready to take applications. Some banks, no one knows anything about the ARC loans, or who they work. So do not waste time running from bank to bank. Start with your own business bank. You have a relationship with them and you can easily speak with someone who will tell you, what your bank is willing to do.


For more information on ARC Loans, grab your free audio cd at http://wrightplacetv.com/arc-loans

 

 

Social Marketing Your ARC Loan

social marketing

 

This article will cover how you can use social marketing to find where to apply for ARC loans.

Many businesses are on social marketing sites. Banks not so much yet. Maybe they feel like some security could be compromised. There are different scenarios on each social marketing site that could help them and YOU find them when you are ready to apply for your ARC Loan.

Digg:  You can check out that site to see if anyone is digging articles or podcasts on the ARC loans. If it is popular, it will be on the front page of the site. Even if it’s not popular, you will get some good information

Linked in: Connect with people who work for banks and ask them directly, what they are doing with the ARC loans. It is always better to have a bank referral than nothing.

Twitter: I have yet to see a bank twitter, however, I am sure at some point they may start. We never know all the real connections you have on twitter, so start tweeting and asking questions. A bank rep may answer you.

 

 

Meetup: if you create your own meet up group of people who are interested in ARC Loans, you will have no problem getting a bank to come and talk to you about it. Get one who can actually do ARC loans, not just talk about it.

Bebo: get on there and find a buddy who is also looking for ARC loans information. You can be a team who gets much more done that ever before.

Facebook: lots of Realtors on there who of course, know bankers.  They can refer you to lots of bankers.

 

For more details on ARC Loans get a free audio CD  at

 http://wrightplacetv.com/arc-loans/

                                                             

Venture Capital Money For You?

April 20, 2009 by  
Filed under Wright Ideas

Find Money
Venture Capitalist Money is down 61%. So where are we going to get new money to start businesses? People how have gotten venture capital before more likely to get it again. Where are these people and how do you get to them?

One of the best books I have read to explain the entire venture capitalist game is Reality Check by Guy Kawasaki. This is a 400+page book which explains the game to regular folks. This is where you need to be fully engaged and ready to rock. If you are not ready for the opportunity, you won’t get it.

The old days of getting a bunch of credit cards does not work that well. Banks are changing names, closing accounts and basically are making it difficult to work with them. The SBA has new programs however most are not funded yet.

The SBA has a free online course at

http://web.sba.gov/sbtn/registration/index.cfm?CourseId=29

There you can learn and get a complete understanding of what is available.

Alternative funding is available more than bank funding, yet not many people know about it or look into it.

We’ll be talking about that at our next workshop:

Find out more here: www.wrightplacetv.com/workshop

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