Case Study: APF Website Development Success (Content Strategi)

A major automobile dealer based in South California had asked us to solve some technical problems they were facing. Among other changes, we shifted their site from Joomla to AWS.

What were the challenges we faced?

The customer approached us with the following technical problems, as identified by a third party:

  • Shifting the mode of payment of automobile loans online. Specifically:
    • The technical side of online transactions – making sure the portal worked.
    • Getting the people to trust the brand and the process.
  • The client could not make the following desired modifications because it would affect the other websites using the same host:
    • Disabling FTP
    • Enabling SFTP
    • Secure SSH
  • Increasing the reliability, security, and transparency of the hosting provider.

 The AWS and PreludeSys Solution

  • We moved the website built on Joomla! CMS to AWS.
  • By purchasing a Reserved Instance through AWS, we were able to reduce the costs of maintaining the website.

 Did the benefits bear fruit?

  • We had moved the website to AWS in June 2015. The client tells us there has been no downtime ever since.
  • The client has also informed us that they have received no customer complaints about the website.

 In A Nutshell

The client requested our help to improve their website. With our expertise, we were able to successfully shift their website and alleviate those problems. The solutions, according to the client’s feedback, have been sustainable.

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Five Tweets for Luna Lights – Part 4 (Content Strategi)

Home safety means a lot in #fallprevention – from furniture to lighting, simple ideas can make big differences!
http://bit.ly/1mSQzLt
Half of the 85{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} senior hospitalisations in Canada occur at home! Safer homes cut costs and prevent fatal injuries.
http://bit.ly/1mCXz4e
81{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} Americans are looking out for #fallreduction solutions, says Carnegie Mellon
http://bit.ly/2bfwRAd
Is #innovation the answer to senior worry, anxiety, fear? Can #tech lead to #fallreduction? Our heart goes out to this story!
http://bit.ly/2aLmlRp
Fear of falling can lead to a fall. Even a no injury fall can trigger fear in seniors.  #fallprevention goes a long way!
http://nyti.ms/2aZmygw
—————-IOT Based —————
#IOT technology solutions are all set to change the lifestyle of ageing seniors for the better. #tech
http://bit.ly/2aBfhFM
Are #IOT solutions the next generation breed of home safety options for seniors? Check this out!

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Five Tweets for Luna Lights – Part 3 (Content Strategi)

Home safety means a lot in #fallprevention – from furniture to lighting, simple ideas can make big differences!
http://bit.ly/1mSQzLt
Half of the 85{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} senior hospitalisations in Canada occur at home! Safer homes cut costs and prevent fatal injuries.
http://bit.ly/1mCXz4e
81{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} Americans are looking out for #fallreduction solutions, says Carnegie Mellon
http://bit.ly/2bfwRAd
Is #innovation the answer to senior worry, anxiety, fear? Can #tech lead to #fallreduction? Our heart goes out to this story!
http://bit.ly/2aLmlRp
Fear of falling can lead to a fall. Even a no injury fall can trigger fear in seniors.  #fallprevention goes a long way!
http://nyti.ms/2aZmygw

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Five Tweets for Luna Lights – Part 2 (Content Strategi)

Detecting senior living patterns with #IoT #tech does matter. #caregiving #innovation
http://bit.ly/2aYSOAJ
Seniors need safety and security more than anything else. #Revolutionary technology is built around #empathy.
http://bit.ly/2aLWyoa
81{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} Americans are looking out for #fallreduction solutions, says Carnegie Mellon
http://bit.ly/2bfwRAd
Is #innovation the answer to senior worry, anxiety, fear? Can #tech lead to #fallreduction? Our heart goes out to this story!
http://bit.ly/2aLmlRp
#caregiving at home is most preferred. What if we designed homes well for safety and #mobility? Mobility matters. Here’s why.
http://bit.ly/2bixFAm

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5 Liberal Arts Graduates Who Went On To Become CEOs of Tech Companies, Leaving Their Engineering Colleagues Behind

The traditional view continues to be that graduates of liberal arts are at a disadvantage when it comes to pursuing a career in tech. Indeed salary figures do still support this opinion with humanities graduates making on average around $20,000 less than graduates of engineering or computer science based degrees.

Liberal arts graduates should not, however, be put off pursuing a career in tech. More large tech companies have gone on record praising the value of arts graduates, and have shown through their business practices, that to be effective in the marketplace, it is often better to recruit people with a more diverse range of skills and abilities, rather than simply focusing on engineers.

So if you are concerned, that your history or philosophy major was a waste of time and money; take a look at these 5 CEOs who bucked this trend proving that you might have a future in tech after all.

1)    Carly Fiorina – Former CEO Hewlett-Packard – 1999 – 2005

Graduating in Medieval History and Philosophy from Stanford in 1976; Carly went on to become the first woman to lead a Fortune ranked Top-20 company, and later went on to oversee the company`s merger with manufacturing giant Compaq. She said that while her degree did not specifically help her with tech issues, she stated that it did “prepare me for life, and taught me the value of critical thinking.”

2)    Sam Palmisano – Former CEO IBM – 2002 – 2012

A graduate of History from John Palmer University in 1973; John went on to head one of the worlds largest and most well know computer companies in the world. After graduating, he started his career as a salesman before rising through the ranks at IBM, and eventually almost 30 years later became CEO and COO.

Since his departure from IBM, he has been drafted in by President Obama to head up a government cybersecurity division, which is in charge of defending the US from cyber-attacks.

 3)    Peter Thiel – Paypal Founder

Peter Thiel studied Philosophy at Stanford and has gone on to have a superb career in tech. As one of the three co-founders of Paypal in 1999, Thiel and his colleagues later sold the company to E-bay for an astounding $1.5 billion. He then went on to become the first outside investor in Facebook, and founded another tech security company in 2004, called Palantir, which was in part funded by the CIA.

 4)    Susan Wojcicki – CEO Youtube – 2014 – Present

Described by Time magazine as the “the most powerful woman on the internet”, and included in the Top-100 most influential people of 2015, is YouTube CEO and Harvard History graduate Susan Wojcicki.

Susan started out her career at Intel before moving to Google in 1999, where she quickly ascended the company ladder, and can proudly boast the development of AdSense as one of her many outstanding achievements in the tech industry.

5)    Daniel Hesse – CEO Sprint Nextel – 2007 – 2014

A student of Government and Liberal Studies at the University of Notre Dame; Daniel Hesse started his career at AT&T before eventually becoming CEO of telecommunications giant Sprint Nextel. Further reiterating the notion that arts graduates can play a significant role in tech companies, Daniel led the company out of dire financial problems by focusing the company’s efforts on the improvement of customer service, which would eventually prove pivotal in turning the company’s fortunes around.

Daniel now works on the board of directors for E-Commerce company, Akamai, which may well be fitting, as “Akamai” is the Hawaiian word for “Intelligent”.

Key Words –

Liberal arts

Tech Companies

Computer Science

Stamford

Hewlett-Packard

Compaq

IBM

President Obama

Carly Fiorini

Susan Wojcicki

Google

Sprint Nextel

Daniel Hesse

Akamai

Palantir

References

http://time.com/4012832/meet-youtubes-view-master/

http://www-03.ibm.com/press/us/en/pressrelease/1613.wss

http://fortune.com/2009/03/23/behind-fortunes-most-powerful-women/

http://fortune.com/2014/06/02/ceo-college-majors/

http://www.business2community.com/leadership/21-wildly-successful-ceos-with-liberal-arts-degrees-01293809

http://www.prnewswire.com/news-releases/akamai-elects-daniel-r-hesse-to-its-board-of-directors-300313181.html

http://www.bloomberg.com/news/articles/2012-09-24/sprint-s-stock-outperforms-apple-as-ceo-sees-2014-profit

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Why the “Useless” Liberal Arts Degree Has Become Tech’s Biggest Boon

Tech Isn’t All Computers and Engineering

On the surface, technology is a field in which you must have some kind of computer or engineering knowledge and expertise. This is the common belief of society, and is largely true. However, a new trend has emerged in recent years. Many of the largest tech CEOs have a liberal arts degree. This goes against everything that people know, but it has had resounding and highly successful consequences for these innovative companies. The tech business has realized that there is more to business than merely creating excellent products.

Price of Creativity

One of the biggest and most influential benefits that companies with a liberal arts CEO, is that they have a new, unique, and creative point of view as to the company’s mission statement, marketing, and more. Liberal arts has long been seen as the dominating factor for teaching and sales, with more than 2.2 million people joining these work forces by the year 2022. Creativity is the hallmark of both teaching and sales, convincing people of either the importance of learning a concept, or by convincing the public to purchase a product. Jobs with liberal arts degree requirements require a constantly evolving set of creative skills, which are vital to the tech business.

Value of Communication

A Liberal arts degree does not simply have value of creativity, but also of communication skills. A creative CEO will still need to have persuasive skills, and be able to clearly and effectively communicate with investors, customers, and others within the company. Studies have shown that 2 out of 5 liberal arts majors are getting hired into tech companies due to the fact that they have specialized and fine-tuned communication skills that are applicable in a variety of contexts and situations.

The Power of the Social

While 14{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of the liberal arts majors from the top 20 schools go into tech business, almost all of these students are fluent in the power of social media. It has become a concrete and steadfast aspect of our social and business lives. The power of social media is why liberal arts are not dead, and why liberal arts majors make the most innovative CEOs. Social media relies on the basic premises that make up the liberal arts degree – innovation, creativity, and an understanding of human behavior.

Don’t Give Up On The Liberal Arts

While the liberal arts tech community has grown, and is projected to grow continuously each year, engineering and computer sciences are expected to only grow 3{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} in the same period. Companies are not only looking for those who can build a physical object, they are looking for creative liberal arts degree holders to build a unique, and well-balanced business. To create a successful business, you need to think outside of the box, working with both the black-and-white world of engineering and science, as well as with the creative and unconventional world of liberal arts. Together, they are taking over the tech world.

Keywords

Liberal arts degree

Liberal arts tech

Liberal arts CEO

Tech CEO

Creative CEO

Creative liberal arts degree

Innovative CEO

Why liberal arts is not dead

Jobs with liberal arts degree

Value of creativity

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7 INVENTIONS TO REVOLUTIONISE THE LIVES OF THE VISUALLY IMPAIRED

Unfortunately, coping with becoming visually impaired is a common way of life for many people thanks to diseases, injuries or other health conditions such as diabetes. One of the fundamental problems which loss of sight causes for people is the inability to negotiate unfamiliar places. It can also affect everyday life activities such as working, sports, or even building friendships.
However, technological advances have been used to help improve the lives of the visually impaired with many creative new inventions developed to help with daily living challenges. Here are the top seven inventions which could revolutionise the lives of people with sight problems:

1. Shoes which can tell you which way to go
Ducere Technologies have created Lechal insoles which can connect via Bluetooth to your mobile device. You input your directions, and as you start to walk, the shoes will vibrate when you need to change course – either the right shoe or the left shoe – with the buzzing getting stronger the nearer you are.

2. Glasses which show you colours
For people whose visual impairment includes colour blindness, to them, a whole new way of seeing the world could be made available thanks to Enchroma Lenses. They look like regular sunglasses but enable colour blind people to view a variety of hues.

3. Accessible mobile phones
Many cell phone manufacturers are now incorporating original elements to make their handsets accessible for the visually impaired, including screen-reading, voice control, slide out keypads, and raised details on the keys to guide your fingers.

4. Braille Rubik Cube
While it’s not something you need on a daily basis, those looking for an exciting challenge might like to try the braille Rubik cube. Rather than match the colours, you match the feel of the braille squares.

5. A safe audible mug
Imagine being blind and trying to make a cup of tea or coffee – how would you know when you had filled the cup with hot water? Well, thanks to the Braun Bell Concept Mug there is now no risk of burning yourself as it lets out a sound once the water hits a particular sensor, telling you to stop.

6. A watch that lets you feel what time it is
Being able to speak the time is something we all take for granted, but if you can’t see, then how do you know what time it is? A brilliant invention to make everyday life easier for those whose sight is limited is the watch which lets you feel the time. The designs use breaks at the 12 o’clock mark and ball bearings to enable the wearer to feel the position of the second hand and the hour hand.

7. A bracelet which tells you where you are
A simple looking piece of jewellery can help blind people to navigate around unfamiliar places, as they contain full navigation options including GPS, audio and voice controls. This nifty and stylish gadget can contribute to maintaining a healthy level of independence.

Key word:
Visually impaired
LSI:
Visual impairment
Blind
Sight loss
Loss of vision
Sight problems
Sight challenge
Colour blind
Sight limited
Accessible

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7 INVENTIONS TO REVOLUTIONISE THE LIVES OF THE VISUALLY IMPAIRED

According to the World Health Organization, about 285 million people worldwide are considered visually impaired, meaning they are fully or partially blind. Visual impairment makes it tough to navigate today’s fast-paced, technologically-focused world. However, advances in technology are enabling innovative designers to create inventions which allow the blind and visually impaired to regain a sense of autonomy, agency, and dignity in a world which often undermines their potential.

  1. Mobile phones adapted for the visually impaired

    None of the major mobile companies such as Apple or Android has phones specifically built for blind people, although some models can be tailored for those with mild visual disabilities. The B-touch mobile phone by Yanko Design is a smartphone, equipped with touch screen technology, which is entirely designed for blind users. The phone uses a combination of a braille touch pad, high-contrast raised keys, voice recognition and camera word processing technologies to enable the blind to do many of the tasks of traditional smartphones.

  2. Touch-sensitive vibrating shoes

    The sense of touch is highly underused in technology assisting those with visual impairments. One shoe company called Lechal had designed a pair of shoes which combines GPS technology with vibration to help the user navigate through his or her environment. The shoes vibrate the left or right foot when a turn is needed, and the designers soon hope to be able to identify obstacles ahead.


  3. Tactile Flash Cards

    Another design by Yanko, these flashcards enable the lifelong visually impaired to learn about different objects through three-dimensional diagrams and braille terms.

  4. Argus II: The Bionic Eye

    Although this may sound like something out of a science-fiction novel, it has been used experimentally by over a hundred people. The company Second Sight developed Argus II to help those with degenerative eye disease (not those blind from birth) to regain some amount of vision. The device uses a combination of retinal implants, optical processing glasses, and electrical impulses to transfer light manually from the user’s environment to the visual cortex.

  5. Thermal Painting

    Although it may not seem like the most useful invention, there are plenty of blind artists who are denied the opportunity for creative freedom. This touch colour tablet necessarily translates colour into critical temperature (a spectrum of tools for blue, purple, and green, and spectrum of warms for reds). This way, artists can paint using heat as their guide and can “mix” colours as well as sample colours from their environment.

  6. Braille Watch

    Another Yanko design called the “Feel the Time” watch has physical dots of braille moving around the clock face rather than two hands under a glass panel. This enables the blind to feel the positioning of the clock hands and tell the time.

  7. Braune Bell Concept Mug

    This mug enables the blind and the visually impaired to drink hot beverages like coffee and tea without risking burning themselves. Most blind people use their fingers to test the level of water in a mug, but this cup sends out a different pitch when the mug is low, medium, or almost full so that the visually impaired person can hear the water level rather than feel it.

http://www.who.int/mediacentre/factsheets/fs282/en/

http://www.who.int/

https://en.wikipedia.org/wiki/Visual_impairment

http://www.yankodesign.com/2009/06/15/touchphone-for-the-blind/

http://lechal.com/

http://www.yankodesign.com/2009/08/11/tactile-flash-cards-for-the-blind/

http://www.secondsight.com/

http://www.yankodesign.com/2009/08/04/no-longer-color-blind/

http://www.yankodesign.com/2009/04/22/get-touchy-feely-with-time/

http://www.ohgizmo.com/2009/08/06/braun-bell-concept-mug-for-the-visually-impaired/

Keywords:

blind,

visually impaired,

visual impairment,

technology,

mobile phones,

visual disabilities,

smartphones,

vibration,

GPS,

motion sensing,

flashcards,

vision,

degenerative eye disease,

thermal painting,

braille watch

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Was 2016 the year to make or break Indian startups? (Content Strategi – SEO)

India has experienced a boom in new emerging startups in the past few years. This year, 2016 has been different, though. So is India’s startup bubble about to burst?

First the bad news

Despite being the worlds 3rd largest ecosystem for the startup industry, India has seen a massive fall in investment in new startups. Compared to the same period in 2015, investment decreased a staggering 40{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} in the first half of 2016, to the tune of $2.1 billion. This fall in investment has impacted startups and new businesses in one of two ways:job losses and sadly the closing of some.

In July this year, Flipkart showed 700 of its employees the door, following in the footsteps of Snapdeal, Zomato, Grofers, Housing, TinyOwl and others who have also been forced to lose staff due to financial difficulties or failure to meet forecast goals.

Unfortunately, for some companies and startups, job cuts were not enough, and 2016 has been witness to the folding of some big players in the startup industry; including Peppertap, Amber Wellness, and Tooler, with many others set to follow suit.

Now here’s some good news for entrepreneurs

It’s not all bad news, though. This year saw the second year of the annual Startup India Rocks Competition –  A competition run by Scaales global group. The competition provides entrepreneurs with the opportunity to win prizes which range from mentorship, funding and corporate connections.

Last year’s event in Goa was so successful that the idea was expanded into the global market, now known as Startup Global Rocks.

Startup Global Rocks features:

  • Over 100 companies from more than 15 countries
  • More than 60 global investors
  • The involvement of at least 50 global media outlets
  • More than $2 million invested so far

Scaale global group are a company growth consultancy group with connections in over eight countries worldwide. The group has more than ten years of experience, connecting startups and small businesses with funding, corporate contacts and investors they require to grow their business.

So what’s the Government planning for startup companies?

In January of 2016, Prime Minister Narendra Modi presented the Startup India action plan, to a collection of startup founders.  The Startup India action plan is a 19-step plan that aims to put entrepreneurship and innovation at the forefront of the Indian economy, by relaxing policies and providing funding and training opportunities for the country’s entrepreneurs. Key players in the startup industry such as Girish Mathrubootham, founder of Indian startup Freshdesk, applauded the governments recognition of startups as legitimate businesses.

The Startup India action plan proposes many things from funding to tax breaks, training centres and easier company registration to name a few.

And with over 80k jobs being created by the startup industry alone in 2015, it’s hardly surprising that the Indian government wishes to bolster and aid the industry. However, many feel that the action plan doesn’t go far enough.

The Startup India action plan does lack a few things

As with most new government programs, there have been a few voices of discontent since the announcement made at Red Fort, Delhi in January. While many agree that the Startup India action plan will make life easier for new startups and investors, others feel the terms of the plan fall well short of what India’s startup industry needs.

Forbes India, highlighted some of the good, and not so good aspects of the Startup India action plan. The graphic depicted here enumerates the pros and cons of this plan.

img

Some blame the atrocious gender gap in India for India’s struggling startup industry, with only 10{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of startup founders being female, compared to 37{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} in the US. While others, including Alok Goel, managing director at SAIF Partners, suggested that India’s old-fashioned laws and policies are to blame.

Nobody can deny, though, that this is a very exciting time in India to be launching a startup. It remains to be seen how far the newly launched plan is going to survive, though.

How are the startups shaping up in India?

In a new economic climate where innovation and entrepreneurship have been pushed to the forefront, India could see a real upsurge in the number of startups around, and this is of vital importance for a country like India.

The problem-solving minds of entrepreneurs are important in tackling some of Indias biggest problems such as health care and education. This is where Indian startups differ from those in the rest of the world. India is not exporting cheap labour like in bygone years; they are developing solutions for Indian people in India.

The government’s development of the Startup India action plan demonstrates that they are becoming increasingly aware of the importance of startups in India.  So, while the new policies may come too late for existing fledgeling startups, there may still be a few creases that need ironing out. Hopefully, we will see an increase in new ideas and innovations as a result.

What are the proposed Startup incubators

One of the biggest aspects of the government’s plan is the formation of Startup incubators, centres of excellence around the country where entrepreneurs and innovators can come together to share ideas.

With the sole purpose of helping new businesses grow, incubators are developing to be more industry specific in India so that startups can focus on the right areas. Assistance ranges from basic business etiquette and connecting startups with industry partners, to simply providing office space.

The future for Indian startups

With the Startup India action plan now in full swing, the government has proposed many options which should make setting up a startup easier. But it is important to remember that despite this investment, many of Indias top 200 startups choose to base their headquarters in countries such as Singapore and the US, in order to experience more business freedoms. So the next big question is, once we encourage all these new startups in India,  how do we get them to stay?

Primary Keyword: startups

LSI Keywords:

Variants: Indian startup, India’s startup industry, global startup, startup India rocks, startup India action plan

Antonyms/Synonyms: entrepreneurs, new business, businesses, investors, entrepreneurship, innovation, mentorship,

Sources:

http://qz.com/819873/the-one-word-that-sums-up-indias-startup-sector-in-2016-unimpressive/

https://yourstory.com/2016/07/funding-roundup-indian-startup-h1/

http://startupindia.rocks/

http://scaale.com/group/

http://startupindia.gov.in/actionplan.php

http://www.forbesindia.com/article/startup-india-2016/startup-india-action-plan-glass-halffull-yet-halfempty/42105/1

https://in.linkedin.com/in/girish1

https://freshdesk.com/

http://www.nasscom.in/startup-india-{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}E2{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}80{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}93-momentous-rise-indian-startup-ecosystem

http://timesofindia.indiatimes.com/trend-tracking/startup-layoffs-continue/articleshow/53465457.cms

http://www.forbesindia.com/article/startup-india-2016/everything-you-wanted-to-know-about-startup-india/42481/1

http://www.forbesindia.com/article/startup-india-2016/what-we-need-to-solve-indias-biggest-problems/42077/1

http://economictimes.indiatimes.com/small-biz/startups/government-certifies-20-companies-as-incubators-under-startup-india/articleshow/53201716.cms

http://www.topmba.com/blog/what-startup-incubator

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Small Business Financing-A Simplified Breakdown

Small business financing is an important part of any company’s start-up process. After all, how can one kick start a successful business venture without the capital to back it up? Luckily there are things in place to help make business dreams a reality; it’s simply a matter of understanding how business financing can work for you.

What Are SBA Loans?

SBA (or the U.S. Small Business Administration) is a government agency dedicated to providing loan guarantees and other support to help promote healthy business and company growth across the country. It was established in 1953 and has since helped secure over 20 million loans. 

Often considered one of the easiest ways to secure small business financing for start-up companies looking to make their mark, it’s important to understand how they work. Small business financing can be risky, and the less ignorance displayed when applying for the loan, the better.

One important thing to remember when applying is this: these loans do not come directly from the SBA. They are primarily outsourced by banks and vendors that participate in the SBA program. This essentially guarantees you’ll be offered cheap and fair interest rates in the end, but individual terms may vary from bank to bank and vendor to vendor.

For this, we’ll be analysing the 7(a) SBA Loan Program in particular.

Picking It Apart

There are various reasons you may find you and your company looking for small business financing. To help clarify some of the reasons, let’s pick it apart a bit.

Equipment Financing

It almost goes without saying, but you may find yourself in need of equipment for your start up business. Luckily, if your company is focusing on any of the following:

  • Construction
  • Office and Computer Work
  • Food Service
  • Landscaping
  • Transportation

There are many financing options available through SBA lenders to companies needing equipment financing. Let’s face it- there’s a good chance your business falls into one of the above categories.

BAL (Business Acquisition Loans)

Business Acquisition Loans are arguably the trickiest to score since the Great Recession in 2008 (a dramatic fiscal climate that shook the business world to its core, making it even harder at times to secure small business financing). That’s not to say it’s impossible- if you can manage lower financing rates (a company that once financed up to 80{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} will more than likely not go above 50{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}) and larger down payments, you’ll be fine.

Commercial Loans

Commercial loans are arrangements typically used to finance major expenditures or help recoup operational costs that could potentially sink you into crippling debt.  These are used for:

  • Purchasing Real Estate
  • Refinancing Commercial Real Estate Assets
  • Refinancing Businesses With Real Estate

Due to the nature of these types of loans, making deals and structuring agreements can be difficult and at times.

The Inner Workings of Fees and The Interest Rates (aka The Boring Stuff)

A guarantee fee is a fee based on the loan’s maturity and the dollar amount guaranteed, not the actual dollar amount being loaned. The lender will pay the guarantee fee initially, but they retain the option to pass the expense on to the borrower at closing.

For any loan under $150,000, the feeis set at zero percent. Any loan greater than that but with a maturity of one year or less, the fee is 0.25{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}. On loans with a maturity greater than one year, the fee is at 3{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}. If the loan is more than $700,000, the fee is 3.5{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}. There is an additional fee of 0.25{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} on any portion of more than $1,000,000.

Typically, SBA loans come with fixed or variable interest rates. It is the bank lender who determines this part of the process depending on things such as your current credit score and the current nature of the loan arrangements.  To help protect you, SBA has implemented a cap on loan rates by limiting what a bank is allowed to add to the top of the base interest rates.

To delve a bit deeper, if your loan term is less than a seven year period you’ll wind up paying a rate of roughly 6-13{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616}.

Where to Find Your Loan

That’s certainly a lot of information to swallow at once- all you need to do is jump start a corporate dream, right? Luckily, there are numerous fine lenders available that specialise in helping secure small business financing for companies (Biz2Credit being a great example), and even more information outlets available online that can help you understand the technical jargon of the finer details of these loan agreements.

Primary keyword: small business financing

LSI keywords:

Variants: secure small business financing, small business financing for companies,  looking for small business financing

Antonyms/Synonyms: SBA Loans, business venture, financing, Small Business Administration, lender, bank lender, loan arrangements, commercial loans

Sources:

https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/general-small-business-loans-7a

https://www.fundera.com/business-loans/sba-loans

http://fitsmallbusiness.com/sba-loan-rates/

https://www.nerdwallet.com/blog/small-business/start-up-business-loans-for-bad-credit/

https://www.shopify.com/blog/low-investment-business-ideas

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