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How To Find A Business Loan In Massachusetts

A number of government agencies and private lenders offer business loans and grants in Massachusetts. These business loans are crucial for many small businesses in the state. This article profiles some of the sources of business loans in Massachusetts.

Business Loans in Massachusetts:

Government lending programs, private lenders, banks and venture capitalists are some of the major sources of business loans in Massachusetts. Let us look at some of them briefly.

1) Massachusetts Business Development Corporation (Mass Business)
Mass Business provides loans to start-ups and entrepreneurs. This is a viable loan option for small businesses. Mass Business is a private lending organization created by venture capitalists interested in emerging technologies and innovations. Apart from business loans, Mass Business also offers equity investment options to small businesses.

2) Massachusetts Recycling Loan Fund
The Massachusetts Recycling Loan Fund aims at providing financial help to small businesses working in the area of recycling, composting etc. that need loans. Since this type of loan is considered risky, not many lenders are ready to offer it. This is where the Massachusetts Recycling Loan Fund can help. If you own a recycling firm, you can ask the Massachusetts Recycling Loan Fund for funds to help your business grow.

3) New England Certified Term Loans

The New England Certified Development Corporation distributes this loan to businesses that need to purchase property. The loans can also be used for buying construction equipments. Under the terms of the New England Certified Term Loans program, you get a first mortgage, around half the project cost, from the Corporation. A second loan helps you lend to companies in the form of debentures. The only eligibility criterion is that you must run your business in Massachusetts.

4) DCU

The DCU is a credit-lending agency in Massachusetts that offers loans for up to $250,000 through minimal paperwork procedure. The low interest rates and high loan amounts offered are some of the more attractive features of this company’s Massachusetts business loans. In order to be eligible for a loan from DCU, your business should be at least 18 months old.

5) Small Business Administration (SBA) Loans

If you want to start a small business, one of the best sources of loans will be the SBA. Apart from lending to small businesses, SBA also provides business consultancy services through SCORE, Service Corps of Retired Executives.

Apart from the above-mentioned sources of business loans in Massachusetts, you can also approach local banks and statewide organizations that offer loans on easy terms. If you need more information on business loans in Massachusetts, you can hire a small business consultant who will help you locate the best sources of business loans.

Does Your Business Card Get Noticed?

Having a professional business card helps to portray your image and make you stand out from the crowd. When you meet somebody, you have less than 10 seconds to make the right first impression, so along with your elevator pitch, make sure that people will remember you.

Your business card is your first marketing tool. But are you using it in the most effective way?

Many small business owners spend hours and hours trying to find the best way of marketing their businesses. But when it comes to their business cards they don’t follow the same rules. Most people just include their basic contact information and don’t realize how this little piece of paper can say a lot about their businesses.

When you place an ad in a newspaper or a magazine, don’t you try to write the most effective text to attract clients so that people call you or buy your products or services? So why not pay the same attention when designing your business card.

Your business card is your first marketing tool. Every time you give it to somebody, it’s a chance to communicate something about your business. Your business card is very often the tool which will help people to decide whether they want to work with you or not, since it is an extension of your business. When you meet somebody for the first time they will judge you on your appearance, your clothes, the way you act, the way you speak and your business card. If the whole package looks very professional they will be willing to continue the conversation with you. If it doesn’t look professional they will not waste their time and will find somebody else to work with.

We used to say that we shouldn’t judge a book by it’s cover, but unfortunately this is not true. So put all the chances on your side.

Here are the 10 indispensable keys which need to appear on your business card:

First on the front of your card:

1/ Your name – this sound obvious for everybody, but make sure it is easy to find.
People have to see your name as soon as they receive your card so they will be able to associate your face with the name on your card. This will help them to remember you.

2/ Your title – if you work for a corporation, your title is always mentioned on the card, so if you are a solo-entrepreneur or a small business owner, it is also very important to mention if you are the founder, the CEO, the president, the marketing manager or other. Again, make it easy for people to remember you and what you do.

3/ The name of your company – even if you are a one person operation in your business, it is very important to have a business name. Using only your name if you are a sole proprietor or if you are an independent representative of a company will give the image of a part time activity and not a business image to your prospects. The same as when you introduce yourself and say, “I am a consultant” vs. “I have a consulting company”, people will not pursue you in the same way. Even if your consulting company is only you, this will not have the same impact.

4/ Your email address – the big No/No in a business card – once again if you want to be considered as a business and have a professional image, don’t use an email with yahoo, aol, or hotmail, etc… but have a professional email with [email protected] Today it really doesn’t cost a lot to buy a domain name, so please invest in the $5 to $10 to buy one and use it on your business card.

You can have a yahoo, aol, or hotmail email to sign up for newsletters to avoid spam, but for your business card, this shows a lack of professionalism. Plus it is much easier for people to remember your name and your company name than a strange email with your nick name or number on it.

5/ Your phone number – personally I think that too many phone numbers are confusing and take up too much space. So I recommend that you use your main number, even if it is your cell phone because it is the most convenient way to reach you.

6/ Your website – having a website will help people to learn more about your business later. Your business card can’t say everything, so give them the opportunity to get the information they are looking for. Use your business card to bring traffic to your website.

7/ Your logo – it is as important to have a logo as it is to have a business name for the same reason, because this will give you a professional image. Using a regular white card, with no logo, just your name, phone number and email, will not help people to remember you. Some people put just a clipart on their business card and think this looks like a logo. In people’s minds this is definitely not the same thing. If you are not ready to invest in yourself, how do you expect people to invest in you?

8/ Your tagline – a tagline ensures that people associate your company name with your product or service. That is a short sentence which describes your business’ mission and makes you unique. That is usually the only thing people remember after you have met. So that is why it is important to really choose your words carefully when creating your tagline, in order to hook your audience and be memorable.

Just because you are a solo-entrepreneur or a small business owner, it does not mean that you can’t use the same strategies as the big companies. Make sure you use all the marketing tools which are available to promote your business. This is called ‘branding’. Using an effective logo & tagline are one of the most effective ways to successfully brand your business.

Take a look at most of the business cards that you have collected from people and you will notice how few of them have taglines. So stand out from the crowd, make sure to have the key elements on your card and that they are memorable.

When I work with a client and help him or her redesign their business card, I always encourage them to use the back of their card. Remember what I said earlier, “When you place an ad in a newspaper or a magazine, don’t you try to write the most effective text to attract clients so that people call you or buy your products or services?”

So why are you wasting all of this precious space on the back of your card?

Again, remember that your business card is a marketing tool. Use it to attract potential clients and not only to provide your contact information. Use it to pass on your business message.

On the back of your card – very few people use the back of their cards, so here is an opportunity for you to make a difference.

9/ Describe the benefits of your product/service or the benefits of working with you.
Use bullet points to emphasize the purpose of your products and services. Show how you can be a problem solver to others. Encourage people to ask you questions about your business so that they want to learn more and visit your website later.

10/ Tell people what to do next. Don’t assume that people will contact you for more information – tell them what to do. What we call “The call to action.”

Do you want them to: go to your website, sign-up for your newsletter, call you, buy your product? Tell them clearly. Offer them an incentive to make sure that they will take action.

Let’s say you are a coach or a financial advisor, no doubt, you have a lot of competition. What makes you unique and special? When people see your card, they will probably say, “Oh, another one!” But if you mentioned your specialties on your card, it will make a difference immediately.

What’s in your Business Card?
Take a look at your card now, does it include the key elements to give a professional image to your business?
Does your card stand out from the crowd?
Does your card give you the results you are expecting?
Does your card say what you want it to say?
Does your design work with your company image and the rest of your marketing materials?
If you have a different design for your business card, your website and your brochure, how do you expect people to take you seriously?

Order professional business cards

Avoid the cards that you print yourself on your printer. It doesn’t cost a lot to print professional business cards, you can order a thousand for $40 to $60 online and it doesn’t cost more to print on both side of your card, but it makes an incredible difference and has a greater impact on people.

Use the same logo and colors as your website, brochure or flyer. Having a consistency on your marketing materials will help people to recognize you where ever they see you. And the more they see you or your logo, the more they will remember you, and the more they will keep in touch with you. Try to always be at the forefront of their minds.

Your business card is an extension of your company just like your logo, letter head, brochures, flyers, website and any marketing tools. They must have the same message and design.

Never leave home without your business cards

Wherever you go-to a networking event, to the dentist, to the movies, to a party, always bring your business cards with you. You never know where you will meet an interesting new contact, and you don’t want to miss the opportunity to exchange cards. Writing your telephone number or email address on a piece of paper or a paper napkin definitely doesn’t look very professional.

How To Find A Business Loan In Idaho

For small business owners, doing business has never been so good, especially if you reside in Idaho, or plan to start a business there. With many government loan programs, grants and private lenders pitching in to help entrepreneurs, small businesses in Idaho can look forward to some pleasant times ahead.

Business Loan in Idaho: Important Points.

Before you start scouting for a loan program, here are some things you should consider.

1) Do you need money for business expansion or for safeguarding yourself against a financial crisis?

2) Is your need for a loan very pressing? Being under financial stress undermines your ability to negotiate a loan deal effectively.

3) What are future projections for your industry? Do you think it is looking up, or undergoing a crisis?

After you have considered the above questions, you can look for a business loan program in Idaho to suit your needs.

Business Loans in Idaho:

The following section details some of the business loan programs and source of funds in Idaho.

1) Gulf Opportunity Pilot Loan

The Gulf Opportunity Pilot Loan is meant to help people impacted by Hurricane Katrina and other natural calamities that have struck the state in recent times. The Gulf Opportunity Pilot Loan provides complete guarantees and easy loan processing. You can use these loans for purchasing fixtures, land, property, equipment, lease and debt financing for your small business. The maturity period is ten years. The loan is ideal for small businesses.

2) Certified Development Company Loan Program

The CDC is another loan program offered to small businesses in Idaho. The features of this program include fixed rate financing and long term funding options. The loans are meant to help small businesses fulfill basic business needs like property, land etc.

3) Microloan

The Microloan program provides small businesses with limited funding for equipment and supplies. You cannot use this loan for debt restructuring or investing in real estate.

4) Equity Financing

Venture capitalists are the best source of equity finances. A group of venture capitalists may deal in one particular industry. Find a venture capital group that has an interest in small businesses, and you can put forward your business proposal to them.

5) US Small Business Administration Loan

The SBA loans are offered all across the United States, not just Idaho. Funds from SBA can be used for anything from purchasing real estate to R&D, and are aimed at the small business owner.

With so many business loan options in Idaho, it is no wonder that entrepreneurs are making a beeline for the state. The government plans to set up more business lending institutions and programs in the state, so you can rest assured that your small business will have the required funds when you need it the most.

If you want more information on business loans in Idaho, you can consult a small business consultant who will keep you updated on the latest loan programs.