Have you ever been denied for an SBA loan? -

What reasons do they deny their startup loans? Im interested in the 7a loan, but want to know what reasons they may decline it.Thanks!

Hi Jay,Just like a bank can deny a loan for various reasons, the SBA Guarantee programs can have the same kinds of faults. And, it is the BANK that approves or denies the loan, not the SBA program.The SBA Guarantee simply allows the bank to broaden their loan criteria to allow them to loan money to a client who may not otherwise qualify. Personal credit history, and insufficient personal contribution are the two main reasons a bank denies a loan app under SBA guides. Oh, and a poor or incomplete business plan goes into the equation as well.The SBA and the Federal Govt are not fairy godmothers in the lending business. They make their decisions/allocations according to the reasons for having the programs in the first place, not to make your life easier. Check out www.business.gov, www.sba.gov, and www.score.org You will find tons of info on preparing plans and submissions under SBA guides. Planning is key. In order to plan effectively, you must conduct some research. What do you need to provide your services? Who will you provide them to? Who are you competing against? What makes you better; gives you an edge ? How are you going to reach your prospects/potential clients? Answering these kinds of questions gives you a basis to begin a business plan.You can download my free research outline at www.abusinessmentor.comIt should certainly guide you in the right direction.Good Luck!

How can i make money working from home in uk? please no scam links? -

i have been ripped off before by home working scams, is the only way illegal?

You can only obtain legitimate work from home positions from brick and mortar companies. You want to send your resume out to companies hiring for positions you are qualified for, but include in your resume that you have a home office and you wish to work remotely. Include how you have your home office set up and what equipment you already have in order for you to perform your job. These jobs are just going to advertised as jobs, they would not promote them as work at home because they would hear from too many unqualified people.

Not every business site is spam so please believe in yourself first and do a bit of hard work to gain from the net, try the links below and check what you can do besthttp://4f3147jrl1w5qycdk12dyjsb0e.hop.clickbank.net/http://c00bbkjtgzt5lr5ckqhjj2p-m4.hop.clickbank.net/http://1e2c87vrh257lxfni6fwr8e-al.hop.clickbank.net/

Build a good website that gets alot of hits, you will need to learn website design, but put in the effort and you can get good rewards. Bingo sites are a good idea.

What are the challenges of starting and owning a small business? -

Enter more detail here (Optional)

Wow. It would take a week to completely answer that question and some answers would depend on what type of business. Biggest challenge is typically capital. Next is sales/marketing. Employees can be a headache. Self employment taxes.

LOL... what ISN T a challenge when you start and own your own business?? ;-)But seriously, there s a few that stand out in my mind:1. If your small business consists of just yourself, as is the case with many small businesses starting out, you have to do EVERYTHING yourself. A typical day for the small shop owner might include serving customers, working with suppliers, promoting your business, attending a local chamber of commerce meeting, paying bills, cleaning the toilet, vacuuming the floor, etc. Dealing with the array of many disparate tasks requires incredible discipline and multitasking abilities. 2. Getting through the initial period where you re not yet profitable. Many businesses involve substantial up front investment. It takes time for enough revenue to come in to offset these expenditures. That can be stressful, but hard work and patience can help this process along.

Why wont Ebay let me remove the paypal option on my listings? -

I am currently changing banks and have had some trouble with my paypal account. I am still selling items on ebay and want to remove the option of paypal as a payment method but it wont seem to let me? anyone know how to do this?

Also Paypal is a scam they scammed me too.http://www.paypalwarning.com/

Perhaps because eBay owns PayPal.

It is in their user agreement that you can use ONLY paypalWHY ? because e-bay owns PayPal

If the company I work for sells the business while im on maternity leave, will my maternity pay stop? UK? -

I know you get the SMP still if you get made redundant but what if the actual company gets sold?

You are sold to the new company it s called TUPE. They will be responsible for you from now on.

don t quote me on this, but i believe the smp gets transferred to the new company? take a look at this downloadable pdf which details everything about maternity pay by hmrc:http://www.hmrc.gov.uk/families/fage15.s��

Why do so many innovations seem to come from entrepreneurs and small business? -

Why do so many innovations seem to come from entrepreneurs and small business?

because those people are the ones that made this country what it is, we need more innovaters

On a balance sheet would you put the cost of your inventory as what you paid for it or what you can sell it...? -

for or the profit you make on it Thanks :) - new to this.

Closing stock should, in the broadest terms, be valued at whichever is LOWER of cost paid or achievable value.Obviously, as the above poster pointed out, you would actually generally use an accounting policy for valuing your stock, usually AVCO or FIFO (never LIFO, it s now illegal in most countries and against international accounting practises).

The balance sheet has to reflect a true and fair view so the value of your stock would be whatever it is worth as it stands in the open market. That is not necessarily what you paid for it as its value might have gone down and it is likely to be less than the expected retail value (which includes profit margin).There are conventions for keeping a running estimate of stock value (FIFO, LIFO and AvCo ... maybe others since I studied bookkeeping many years ago) though these are no substitute for a proper periodic valuation.If your only choice is between cost price, selling price and profit element, I suggest you use cost price.

Cost priceCost price is a known fact. What you sell it for is an unknown amount (or might end up at a loss).