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Archive for the ‘Business & Economy’ Category

California Construction

Friday, July 12th, 2013

The internet is an invaluable information resource for today’s California construction professionals. The latest and most up-to-date industry news is most accessible online. All the major industry publications are online, as well as access to professional licensing agencies and trade organizations. And whenever any of these entities update their print media, you can bet that you’ll have access to it online long before its printed version can reach your home mailbox.

Additionally, the internet is the best place to find updated job postings, contract postings, and requests for proposals. In fact, several trade organizations have devoted all or a portion of their site to researching and posting just this information. By accessing job and contract offerings online, you can get your bids in far ahead of those relying on printed versions (some of which may never come as more and more companies are doing all their business online).

Probably even more important than utilizing online construction information resources is building your own online presence. Plain and simple, if your construction business is not online, it doesn’t exist to a very big portion of your target California construction market. The internet has replaced the yellow pages and trade directories as a consumer’s first choice for contractor location.

The internet is the first place most people will go when they need to find a service professional. And if you think it’s enough that your construction company is listed in some online yellow-pages or trade directory, think again. Clients expect to be able to look you up on the ‘net’ first so they can make their own decision about your professionalism and scope of services. Even people who already know about your business will prefer to learn more about you online before hiring you. Without the presence of a website, your company will be looked upon as one that is ‘behind the times’, one that is unable to keep up with the innovative technologies of today-and they’ll assume the same in regards to your construction services.

California Small Business Loans

Wednesday, May 23rd, 2012

When starting a business, it is important to have a budget and adequate capital. This is because apart from fixed assets, a business involves regular expenditure, purchase maintenance and payments. A smooth flow of financial resources allows people to make expansions and increase trade. California small business loans can accrue the capital needed to begin a small business.

It is important for individuals to find the right source for California loans. There are a few factors that lenders will consider when they are planning to advance loans. They consider the applicant’s education, experience, business plan and its viability. Other decisive factors are repaying capacity, credit history, equity, and existence of collateral. Every loan has to be repaid and hence, lenders generally look for businesses that have existed for some years. When starting a new business, borrowers are advised to prepare an application that will prove they are capable of repaying the loan. If the business is a low risk proposal, getting a loan is almost guaranteed.

Without collateral, lenders ask borrowers for a cosigner who can guarantee collateral. Collateral can be any business or personal property that can be sold to pay for the small business loan. Equity is also important and it is in the form of money invested in the business. If there is sufficient equity in the business to payback the loan, the small business loan is guaranteed. The credit report plays a crucial role when applying for California loans.

California small business loans are obtainable in three forms. Short-term loans are meant to solve financial problems for instant business starting. Intermediate loans are for large preliminary expenses and long-term loans provide for initial costs of a start up business.

Borrowers have to file documents and make sure they contain evidence of possession, mails of reference, contracts, tax returns, financial statement, credit references, Incorporation or LLC organizational documents and any other documentation required for California small business loans. It is essential that borrowers read the loan agreement carefully and have their lawyer analyze it. It may possible to negotiate some terms with the loan lender.