August Note
August 26, 2009 by Dr. Letitia Wright
Filed under A Note for You
So here it is August! We ended the last season of Wright Place TV with an interview with Michael Gerber. I realized, my systems need an overhaul. They were made for when the show was a lot smaller and while I have modified them some, I really need to do a systems makeover for the show.
The next season is the 10th year anniversary of Wright Place TV. I am very proud can happy. I am ready to do a bit of a show make over also. I am incorporating green business information now with The Color of Green episodes. I am working on doing another live show with Lisa Marie Platske as a 10 year celebration.
People’s TV in Atlanta now airs Wright Place TV at 10:30 am every Wednesday morning. So am looking forward to doing some things that are based in Atlanta! There are some great gigs coming up in the fall and of course January 2010, we cruise to Belize!
Check out http://www.beontvatsea.com for the details on that one. All I can say is, it is one of the best vacations you will ever take because you can make it your own. If you want to hang out, do, if you don’t…don’t. Great networking from around the world on this cruise. We want to a nice group so Wright Place TV can have its own thing.
How Many Twitter Friends Do I have?
August 20, 2009 by Dr. Letitia Wright
Filed under A Note for You, Featured Articles
Seth Godin on Social Marketing!
I do not think I have ever added another video besides my show to this blog, however, this message is so important, that I wanted to make sure my viewers see and hear what is being said.
People may expect more out of social marketing than it can actually give.
How to Work with Less Small Business Loan Options
August 5, 2009 by Dr. Letitia Wright
Filed under Featured Articles, Wright Ideas
This article will give you some ideas on what loans are available for the small business owners and how you can use them to grow your business.
The hardest thing about being in business can be getting working capital in tough times. While more sales is ultimately the best way to work out of a tight money situation, many business owners look at getting business loans. It is exciting to think that President Obama is thinking about small business owners and trying to put something in place for us. Right now the reality is a little different. Business owners need to have a deeper understanding of what is going on around them.
Wright Place TV Show is located near Los Angeles and the Santa Ana SBA office serves us. They have admitted that only 10 out of the 250 banks registered with them have contacted them to say that they are participating in the ARC loan program. When I asked viewers for their personal experiences of trying to get an ARC loan, all of them related negative experiences. The bank personnel didn’t not know anything about ARC loans. One viewer says the bank he went to told him that they had no more applications. In the world where banking is run on computer, it is hard to think a paper application was the only way he could apply.
In the past, business owners have used Business Cash Advances, Equipment Collateral loans and SBA guaranteed loans. You can get a business cash advance loan even if you have tax liens and credit issues. A traditional bank will not want to work with that. Business cash advances are given without a personal guarantee or collateral. It can be expensive yet quick to get. A Streamlined Business loan is also known as a merchant cash advance. You use your personal guarantee to cut down the cost of the working capital loan significantly. For people with credit score of 690 or higher and 2 years of tax returns, the applications will be processed quickly.
If you opt for an equipment collateral loan, you will give a personal guarantee and the equipment for collateral. If you are buying brand new equipment, this is how you would finance it. Used or already owned equipment will get you about 50 % of the value in hard cash. Again, you must have good credit, the collateral and a personal guarantee.
Private money is an option which is often overlooked. Sometimes when only a small loan is needed this is a good way to go. For those still investing in real estate, private money is a fast way to go. Finding places through http://www.mywealthgiveaway.com can help you connect to the money and investors quickly.
Next Steps: Look at what is available to you from SBA, then look at private money at http://www.mywealthgiveaway.com. And grab your free EBook on private money at proof@getresponse.com
