Making Your Business Happen with a Commercial Lender
If your home business is starting to overflow from the office into other parts of the house, it may be time to consider finding a building large enough to handle your startup’s rapid growth. However, most businesses are unable to generate enough revenue at this phase of growth to allow for the outright purchase of a new facility. In fact, businesses of all sizes commonly go through a commercial lender when acquiring new real estate.
There are literally hundreds of commercial lenders waiting to provide new businesses with growth capital. You’ve probably seen their advertisements pop up on your browser offering the lowest rates and best service. With so many lenders to choose from, how can you get past the gimmicks to find the one that will fill your needs?
Let’s start with the type of business you want to open. Are you thinking of a manufacturing, retail, agricultural, or service business? There are many different types of business, all with their own unique facility requirements. However, not every commercial lender will finance every property type. Here’s a brief list of the different types of property that a lender may (or may not) finance:
· Agricultural (Ranches, Farms)
· Automotive (Gas Stations, Car Washes)
· Hospitality (Hotels, Motels)
· Industrial (Heavy/Light Manufacturing)
· Leisure (Golf Course, Amusement Parks)
· Mobile Home Parks
· Office Buildings/Complexes
· Parking Lots
· Retail (Shopping Centers, Strip Malls)
· Tenant Buildings (Apartments, etc.)
Besides finding a commercial lender who will finance the type of property best suited for your business needs, you also need to consider what kind of loan options will be best for you. Some lenders are fairly flexible in their loan offerings; non-recourse, mezzanine, and bridge loans may all be useful options depending on your individual requirements and circumstances. In addition, many commercial lenders also provide construction financing for borrowers who would prefer a custom facility. Renovation and repair financing is also a common offering by many lenders.
Before you borrow from any commercial lender, first make sure that your anticipated loan amount falls comfortably within the dollar range that the lender is willing to provide. Most lender’s have a minimum loan amount of 100k to 300k although you will find the occasional institution willing to make loans as low as 25k. While the majority of lenders have a loan ceiling reaching $10 million, a few of the largest have no limit.
Some commercial lenders also provide opportunities to refinance property that you’ve previously purchased. While the a .5% decrease in interest may not seem like a big deal on a $25,000 loan, it can save you a substantial amount of money on your $50 million loan. A flexible lender may even give you the option of borrowing to avoid foreclosure. While this should always be the option of last resort, it may buy you enough time to make your business profitable enough to survive a sudden cash flow crisis.
Whether you plan to purchase an apartment complex, industrial facility, or retail outlet, there are few people you’ll work more closely with than your commercial lender. When it comes to starting or expanding a business, make sure that your lender is as vitally concerned with your success as you are. After all, they want a return on their investment. It’s important to find a commercial lender who is small enough to give you the personal attention you will need, but large enough to support your largest commercial real estate acquisitions while giving you options and interest rates that will allow your business to take off.
Cameron Brown is an internet marketer specializing in ranking automation. For information on what a Commercial Lender can do for you, visit Security National Capital
How to Make Money By Becoming A Commercial Cleaning Consultant
With a large boom of new businesses over the past 5 years cleaning consultants are making a lot of money. What is a cleaning consultant? A cleaning consultant is a person that analyzes a companies cleaning expenditures and recommends ways to save money on their cleaning expenses. A cleaning consultant can make money both from the businesses that are being analyzed and referral fees charged to cleaning companies for referrals.
Becoming a cleaning consultant is relatively easy. The first thing to do is gain knowledge about how cleaning companies work, the services they provide and current rates for cleaning in your area. If you look in the phone book there is an abundance of cleaning companies in every city nationwide. Most of these companies would gladly pay you a referral fee for a cleaning account because of fierce competition in the commercial cleaning industry today. On the opposite end most business will pay you a consulting fee for saving them money on their cleaning needs. When you have researched the commercial cleaning market in your area its time to set up a few cleaning comapanies as referral clients. The easy way to accomplish this is to pick a few smaller commercial cleaning companies who are just starting out. Set up and agree on a referral fee with these comapanies for each of the businesses that you send their way. It is advisable to choose cleaning companies that represent different areas of the cleaning market. An example of these different areas would be a cleaning company that provides basic cleaning needs, carpet cleaning companies and duct cleaning companies. Make sure to pick at least three companies in these cleaning categories so that you can have them compete for the lowest pricing possible.
After you have agreed on a referral fee from these cleaning companies its time to approach businesses that need cleaning services. A great way to approach a business is to offer a guarantee that if you don’t save them money you don’t get paid. The basic plan is to analyze what they are currently spending on their cleaning needs and suggest ways that they can save money by utilizing the cleaning companies you represent. Take a good look at every dollar they spend on cleaning including cleaning labor, janitorial supplies used for cleaning and basic sanitary supplies such as restroom products and waste management needs. Once you have made a list and priced out each of their commercial cleaning expenditures its time to create bids for the cleaning companies that you have recruited. Be detailed when submitting cleaning bids to these companies and spell out the standards of each cleaning task that is to be performed. Once they have filled out bids compare them for the lowest pricing and present the winners to the businesses that need to be cleaned.
A great extra way to make money being a cleaning consultant is to also provide sources for the cleaning and janitorial supplies that are needed for a facility. Contact local and internet janitorial supply houses for the best prices on products and make up a small catalog that you can present to both your commercial cleaning associates and the businesses that are being cleaned. Overall being a cleaning consultant is a win win situation for everybody involved with opportunities for you to make some good money also.
Great cleaning tips and cleaning information by Lee Harris can be found at http://www.monsterjanitorial.com. Lee Harris is an expert in the cleaning industry and can answer all your questions about janitorial supplies and cleaning products.
Successful Commercial Sites
Do you make your website just to entertain yourself or do you want it to be a great web store? The fact is more than 80% of websites are trying to sell you something. There is nothing wrong if you want to get some money from the website you made, but remember to put some REALLY interesting information on your pages. This information must be free, unique and necessary to as many people as possible.
Remember, Internet was built as a research network among universities in early 80’s and only after the introduction of first graphic compatible browsers it exploded with the commercial websites. Search engine will definitely rank you higher for that free content and other webmasters will definitely create links to your website if it has useful and interesting information. The ratio should be 90% of free information and 10% of commercial content. You can only increase the percentage of free information.
There are also other reasons why to provide people with free information in the field you are making money: they will study, they will see that you know what you are talking about, and they will trust you! Excellent reputation is the main thing (the key to success) in doing Internet business. It must be built by years of hard work and could be destroyed in minutes.
What are the secrets of some commercial websites?
1) Content. As I have already said: free, unique and interesting.
2) Good design (website design must be clean and user-friendly, unprofessional design speaks for itself)
3) Search engine-friendly (Search engine optimization is complex set of knowledge on how to be number one in search engine listings)
4) Link building strategies ( for more information read this article: http://www.metamorphozis.com/tutorials/the_art_of_link_exchange.shtml)
5) Company branding. (for more information read this article: http://www.metamorphozis.com/tutorials/make_your_own_brand.shtml)
6) Excellent customer care and support (remember those notes 24 hours 7 days a week? This must be really true for a good commercial website)
7) Wise goods selection (You may think that people selling everything on the Internet but that is not quite true. There are some things that stores do not offer via the Internet and you need to find those things and offer them. Be a pioneer!)
These are the major factors that play role in building successful commercial websites. However, you need to search, study and select your own ways to online success. Remember, Internet is a very flexible and constantly changing environment; things that worked well several months ago may be completely useless in the present. Search and try! That is my main advice to succeed in online business.
Thanks for reading.
Article source: http://www.metamorphozis.com/tutorials/
commercial_sites.shtml
About the Author:
Oleg Lazarenko
Production Manager of
Metamorphosis Web Design Studio –
Flash templates and Web Templates
http://www.metamorphozis.com