Ppt Financing

How to Find the Money for How to Find the Money for Your Your

Home-Based Travel AgencyHome-Based Travel Agency

How, and Where to Get Money for How, and Where to Get Money for Your Home-Based Travel Agency Your Home-Based Travel Agency

Understanding the Borrowing Process

How Much Do You Need?

Prepare an Executive Summary

Loans by the Dozen ---Take your Pick

Keys to Getting Your Loan Quickly

Be Ready to Get Your Loan

Use the Power of the Printed Word

Put Your Telephone to Work

Get Credit Card Loans Fast

Explore Credit Union Loans

Apply with Many Different Lenders

Go to Uncle Sam---He’ll Help

Plus ---- Seventeen Sources of Money for your Home-Based Travel Agency

Understanding the Borrowing ProcessUnderstanding the Borrowing Process

The lender puts money into your hands in the form of a loan. You use this money to start your “Home-Based Travel Agency”. This venture earns money, part of which is profit. From this profit you take a share for yourself. Part of the remaining profit you use to repay the loan that allowed you to buy or start your home business.

How much money Do You Need?How much money Do You Need?

Monthly maintenance charge

Advertising (offered in my other class)

Insurance

Utilities

Incorporation fees

Registration fee

Business license

DBA charge

Your monthly bills to operate:

Office rent

Computers

Phone bill

Fax machine

Xerox copier

Printer

Paper,

DSL charge,

Home-Based program initial

start-up cost (1 time only)

Prepare a Executive Summary Prepare a Executive Summary Telling What You’ll Do.Telling What You’ll Do.

Ask yourself these questions:

1. What type of travel do you want to specialize in?

2. How to you plan to do this?

3. Do you have a marketing and advertising

plan, in writing?

Loans by the Dozen –Loans by the Dozen –Take your PickTake your Pick

No Income-Verification Loans

Fast-Turnaround Fixed Rate Mortgages

Private Mortgage Money Available

100% Insider financing

How to take the hassle out of business loans

Jumbo money available

SOHO loans (Small office/home office loans)

Bankruptcy, late pays no problem

There are plenty of lenders who say:There are plenty of lenders who say:

Bad Credit? NO Problem!

Bankruptcy-NO Problem!

No Income Check, Ever

No Job Verification Needed

Keys to Getting Your Loan Keys to Getting Your Loan QuicklyQuickly

1. Apply to the right type of lender.

2. Seek a loan in the lenders range.

3. Type your loan application

4. Don’t tell the lender “Time is of the essence”

5. Don’t “bug” the lender with constant phone calls asking when you’ll get the money

6. Keep “hunger” out of the application

Be Ready to Get Your LoanBe Ready to Get Your Loan

Buy a going “Home-Based Travel Agency”

Start a new “Home-Based Travel Agency”

Expand an existing ‘Home-Based Travel Agency Save a nearly failed “Home-Based Travel Agency”

Lenders look for three Lenders look for three characteristics in each loan characteristics in each loan

dealdeal::

Capacity

Collateral

Character

Use the Power of the Printed Use the Power of the Printed WordWord

LOAN NEEDED to buy successful …………business. Monthly repayment will return your $35,000 loan in three years are 12% interest Call 123-4567

$50,000 LOAN NEEDED to start home-based business. Collateral available Call 123-4567

I NEED $250,000 to expand my growing home-based business Good collateral offered Call 123-4567

Each does the same job, Each does the same job, but in different waysbut in different ways

A cosigner agrees to repay your loan in the event you are unable to do so.

A co maker is really a co borrower. The co maker is equally liable to repay your loan.

A guarantor guarantees that the loan will be repaid. The guarantor pledges some collateral that lender the loan will be repaid.

To get a cosigner, use the power of the printed To get a cosigner, use the power of the printed word and run an ad in your local paper listing:word and run an ad in your local paper listing:

COSIGNER NEEDED for $50,000 home-based business loan. Will pay liberal fee to cosigner after loan is obtained Call 123-4567

CAN SHOW BIG PROFIT on $100,000 home-based business loan Will share with cosigner who helps get loan Call 123-4567

Put Your Telephone to WorkPut Your Telephone to Work

How do loans by phone work?

They depend on the following information:

Type of loan you seek

Amount of money you need

Length of time for which you need the money

Your income and expense

Get Credit Card LoansGet Credit Card Loans

Although the interest rate may be higher, the money from a credit card loan is just as powerful as any other borrowed money.

Apply with Many Different LendersApply with Many Different Lenders

Each loan is smaller

The more loans you get, the more money you have to build your business

Having several loans will make you a more ambitious business person

Managing the payments on several loans at once will make you be a much better manager

Go to Uncle Sam---He’ll HelpGo to Uncle Sam---He’ll Help

Small Business Administration

(SBA)

Seventeen Sources of money for your Seventeen Sources of money for your Home-Based Travel AgencyHome-Based Travel Agency

1.Credit Card line of credit

2.Unsecured line of credit

3.Personal line of credit

4.SBA guaranteed loan

5.Loan from a local development company

6.Micro-loan from lenders


7. Loan from a relative, friend or business associate

8. Inventory start up or other type of loan

9. Accounts receivable financing

10. Home equity loan

11. Private-lender loan

12. Venture-capital money


13. Grants 14. Export-business loans 15. Small business development center

(SBDC)16. Small business investment company

loans 17. Go public using new small company offers

known as ULOR –Uniform Limited Offering Registration.

Now go out and apply for

a loan, do it today!

Ppt Financing

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