Confused about what the Stafford Loan interest rate is? With all the Congressional bills and crazy news stories, it’s easy to lose site of the fact. Here’s what the situation is currently, for the current and upcoming calendar years:

Year	Interest Rate Subsidized Stafford (Undergrad)	Interest Rate Other Stafford (Unsubsidized/Graduate)
2007-08	6.80%	6.80%
2008-09	6.00%	6.80%
2009-10	5.60%	6.80%
2010-11	4.50%	6.80%
2011-12	3.40%	6.80%
2012-13	6.80%	6.80%

Posted in Labels: Bussiness Loans 0 comments Posted by Rohit Shah

Here are some requirements for Payday loans and small loans

1. A current job with a steady income

2. You need to make around $1000 to $1200 per month

3. you need to be at least 18 years of age

4. You need a current checking bank account

5. You must have not more than one outstanding cash advance loan or Payday loan already

Also some payday advance loan lenders will require you to be a citizen of the country you are applying for a cash advance loan in.

Other requirements may be a photo of identification eg. driver's License or another form of photo ID, a copy of your most recent paye stub, ongoing steady employment for a least 6 months, a copy of your most recent bank statement and proof of residency eg. power bill, telephone bill, mortgage bill, or lease agreement.

Instant online loan lenders and money advance lenders requirements are often quite easy to gain a loan and there are a lot of bad credit loans available from bad credit loan companies that are more than willing to give you a chance to redeem yourself as long as the above five loan cash advance requirements are met.

Generally if all requirements are met you can get your loan really quickly, if it is not a weekend your cash loan can be approved within 24 hours.

Note: Look for low cost interest rates when searching for your cash advance, it really make a difference when it comes time to pay back your loan.

Some payday advance loan lenders require that you have access to a fax machine and or email. Minimum and maximum amounts vary from $100 dollars to $1000, $2000, to $10,000 etc depending on which loan money lending company you choose.

Things that loan lenders money lenders and easy finance lenders consider are what you monthly net income after taxes and bank APs and other outgoings are also other loans and money loans or credit card debt you have and whether you have any loans outstanding and the length of time you have had your bank account for and how many bad debts eg.outstanding payments and overdrafts bounced checks etc that you have inccurred.

Small Business Loans

There are many types of small business loans and business grants available:

Merchant advances, micro loans, business credit cards, equity loans, asset lending, purchase order financing, equipment finance, software financing, cash sale leasebacks, economic development loans, start-up loans, equity iInvestments, venture capital, government grants, commercial mortgages, construction loans, franchise loans etc

You need to work out what type of loan would work best for you first before beginning the process of applying.

Mirco Loans - Micro Loans are small loans under $5000 - $40,000 normally issued to start-up companies and new small companies under 1 year.

Business Credit Cards -Business credit cards and unsecured up to around $30,000. Limits are usually based on your personal credit history. Credit Card Receipt advances are much more than this.

Asset Loan - Producing a security in assets in return for cash.

Expansion Financing - Company has outgrown exiting business demand and needs loan to provide for demand.

Equipment Loan - Using equipment as collateral for a business loan

Franchise financing - Special loans for reputable known franchises.

Seed or Start up funding - Company in the first stage of business with not much or no operating history. Loan approval will be based soley on a good business plan and the background/s of the manager or management team along with financial projections and market demographics range etc.

Interim or Bridge Loan - A short term loan around 1-2 years or less.

Sponcers - Have you considered getting a sponcer?

Applying for a small business loan?

Take note of how well you present yourself and your business plan to a money lender or investor.

Make sure you have a thought through the processes first so you are not caught unaware and whats more make sure you really believe in your business so you show confidence in your business idea and proposed business plan.

Make sure you know the exact amount of money you require, have a detailed summary available. Make sure you explain clearly exactly what the loan will be used for and why you need it.

Include personal financial statements on yourself and or other owner directors of the business. Make sure that you state any collateral or assets that you have that could be used as security for the loan.

What will Small Business Loan Lenders look for?

Firstly a copy of your credit report will probably obtained. You can obtain one of these yourself quite easily online. It is a good idea to get one before you approach a lender and they find any misgivings in your credit report, getting a credit report first will mean that you can clear up any mistakes or inaccuracies present in the report.

Your work history and any letters of character references and or recommendations you provide to the loan money lender may be looked into make sure that you have contacted any of the people that you are using as your referral/reference so they are aware that they may be called upon, it is also good to call to make sure that the person giving your referral is still at the telephone numbers you have provided (as even a couple of months can make a difference if you are not close to referrer and they have moved on and you don't know it).

Note: You can get some great tips and advice online with step by step procedures about how to write the best business plans and proposals for small business loans, this also includes writing plans and proposals for sponcership. There are also many small business software applications with wizards that make writing your small business plan very easy.

Given all the above is in order the loan officer should be able to deduce from this material if you have a sound understanding of your new venture and a strong commitment and work ethic to make your new business a success.

Posted in Labels: Bussiness Loans 6 comments Posted by Rohit Shah

A while back I wrote about how to pick the right niche for your blog. The same process can be used to pick the right niche for your online business. Here is a quick outline of the steps you need to take (you can read all the details here):

1. Make A List Of Your Passions

2. Make A List Of Things You Do Well

3. Merge The First Two Lists

4. Choose Your Favorite 3-5 Niches

5. Determine The Traffic Potential

6. Determine The Money Making Potential

7. Make Sure You Have Time For The Niche

The Most Important Things To Remember When Choosing The Right Niche For Your Online Business

You should choose a niche in a target market that you CAN and WANT to spend a LONG time serving. While you can have online success by going from one niche to another and you can have online success by creating products in niches that you are not passionate about it is much easier to build a business by sticking with one niche market that you LOVE and catering to that target market. I am going to say that again , because it is SO important:

It is much easier to build a business by sticking with one niche market that you LOVE and catering to that target market.

To help target the right niche, you need to decide who your ideal customer is. You can do this by answering the following question:

Who will I enjoy serving?

Target your online business for a niche you would LOVE to serve (click here to read a previous post I wrote about the importance of choosing your customer first).

You want your online business to be enjoyable and easy. One of the best ways to do that is stick with a niche you are passionate about.

If you REALLY want to make big money online AND enjoy it, then do what you LOVE.

Posted in Labels: Make Money Online 0 comments Posted by Rohit Shah