Monday, July 31, 2017

How to Acquire a SBA Loan

Before understanding the nitty gritties of the SBA loan application process it would be prudent to understand precisely what this loan is all about and how it can be utilized.
How to Acquire a SBA Loan

One particular loan is also referred to as the “SBA 504 Loan” or in layman’s terms “The US Small Business Administration 504 Loan”. Basically, this extensive loan program has been created with the core aim of helping a business entity in the acquisition of the required financial assistance, so as to be able to procure fixed and capital assets such as machinery, structures as well as real estate at below market rates so that the day to day business operations (as well as any expansion plans) can be conducted smoothly and without any major or significant cutbacks to productivity (in the case of business that are already fully operational).
The SBA basically offers a number of highly structured yet markedly different loan options that have been tailor made to suit the highly specific as well as specialized ‘capital needs’ of small and medium sized business organizations.
Here it is crucial to understand the difference between ‘capital’ vs ‘operational’ needs since the former is more concerned with the longer term and fixed assists rather than simple operational ones. Such as procuring an expensive machine at a manufacturing plant, rather than simply acquiring a loan to pay the electricity bill of that particular piece of machinery.

o   How it works?

The 504 program works through the distribution of the SBA loan in between three different parties.
Here the business owner has to put in at least a minimum amount of ten percent of the entire loan amount while a financial institution (such as a bank for instance) will pledge another fifty percent (or more as the case may be).
Finally, the remaining forty percent amount of the loan would be put up by a CDC or ‘Certified Development Company’. These CDCs have been created under a specific set of criteria and are bound to operate only, as ‘not’ for profit entities for the express purpose of supporting economic growth in their respective area of operations.
As a matter of fact, there do exist multiple such CDCs all over the state of Florida for the facilitation of many ‘up and coming’ business enterprises that require their financial services on a regular basis. 
The maximum amount of a typical SBA 504 loan may go up to dollars five million or so. However, this amount may be further increased by an additional five hundred thousand dollars for many diverse projects related to energy generation (with special emphasis on renewable energy resources).
A key point of an SBA loan is that if the business entity that has acquired the loan may not be able to pay it back and therefore be forced to default on its loans, the original lending institutions (i.e. the commercial bank or any other landing agency) is automatically paid off on a priority basis so that they are not at all that great a risk.  
Once free of the higher risks generally associated with such loans, the landing agency is less stringent with regard to disbursing loans and thereby stimulating growth throughout the state of Florida.

Tuesday, July 25, 2017

Business Opportunities in Fort Lauderdale

Fort Lauderdale is a sizable city located in Florida. It is situated close to one of Florida’s largest cities, i.e. Miami and in fact, it is only a short drive away from Miami’s world renowned beaches, thus making it an ideal tourist destination for many people.
Business Opportunities in Fort Lauderdal

In the last census it was determined that the city had almost one hundred and seventy thousand people living there. The main urban population center of what is colloquially referred to as the Miami greater metropolitan area consists of an estimated six million people as of 2015.
Due to the location of this city it has succeeded in becoming a key financial and economic hub in the region.  This may be evidenced from its steadily increasing population figures as more and more people are attracted towards the city and opt to make it their home thanks to its ever rising prosperity.
This twofold increase in both population as well as prosperity has created a need for vital services that both the new comers and the old inhabitants of the city may need. Such a vacuum is ideal breeding grounds for new entrepreneurs who may have many opportunities to set up their businesses in Fort Lauderdale. Some of them include:

Ø  Drying cleaning services

Thanks in part to Florida’s uniquely warm and humid climate, clothes end up becoming dirty and strained far more rapidly than in other states of the country. Add to that the frequency of squalls and rainstorms and hanging any newly washed clothes out to dry in Fort Lauderdale becomes a bit redundant.
This is why setting up a 24-hour dry cleaning business is a really great idea since such services are perennially in demand all over the city.

Ø  Real estate consultancy

Real estate prices especially in the more upscale localities of the city have been showing a steady upwards trend since the past few years.  As a direct result, many investors have also jumped into the fray and these people together with the many different migrants to this city have also contributed significantly to making real estate and realtor services a very lucrative sector indeed.
One does not require a huge amount of capital to become a real estate advisor while his services are constantly in demand as there many people who need urgent housing and therefore tend to rely on their real estate agents to help them acquire the best deals for sale, purchase as well as the rental of both residential and commercial properties.

Ø  Automobile repairs

Since, Fort Lauderdale is essentially a major urban center and what is more, it is in close proximity to the city of Miami, automobile transport is a way of life for the inhabitants of this city.
The many vehicles that are owned by people who live here require regular maintenance, service and a steady supply of spare parts so that these vehicles remain operational and continue to be of any use to their owners.
This is why opening an automobile service and repair facility is a great business opportunity in Fort Lauderdale.

The opportunities mentioned here, are a sampling of the many business opportunities available in Fort Lauderdale. If you are interested in purchasing a business opportunity in Fort Lauderdale you will want to check out the many business opportunities for sale here at Fort Lauderdale business for sale.

Friday, July 21, 2017

Running a Profitable Convenience Store in Florida

A convenience store may be defined as a small retail level business outlet that stocks items of every day usage such as snack foods, reading material (popular magazines and periodicals) bakery and confectionery items along with groceries, different medicines (only of the type whose sale does not require the presence of a duly qualified and registered pharmacist) soft drinks and toiletries to quote but a few times. Apart from that there are many profitable convenience stores in the State of Florida that have a license to sell different verities of alcohol such as beer and wine. Moreover, convenience stores also allow both wire transfer and money order services to their customers as well.

Buying and running your very own corner convenience store successfully may not be all that risky a proposition if you know how to do it properly and follow the following guidelines.
Profitable Convenience Store in Florida

Ø  Eye view is buy view

This age old marketing adage still holds true to this day. If the more expensive and or high running items in your store are located at the top shelf or at the bottom one, chances are that they won’t sell fast because people would not be interested in either stooping or alternately, craning their necks to get hold of the product.  If it is right in front of them they will be more tempted to buy it. This is why it is important to make sure that most items of every day usage such as soaps, toothpastes and brushes, shampoos etc. are always right in front of the buyer so as to help him make his purchase decision a whole lot easier.

Ø  Keep the place squeaky clean and clutter free

There is no such thing as an over emphasis on cleanliness. Yes, it is not that easy to keep a place clean, what with people trooping in daily with mud and grit on their shoes, taking things from shelves and putting them back in a haphazard manner. However, not paying due attention to cleaning your store would mean that customers will simply not feel comfortable shopping there and would prefer comparatively cleaner and dust free stores.

Ø  Optimize your display
Display optimization is both a science as well as an art.  An overloaded checkout counter full of anything and everything from bubble gum to music CDs will simply be a bit of a distraction  and the prospective customer would simply shut all the products out and concentrate only on what he has actually come to buy.

Here it is imperative to refrain from overloading the display areas with a surfeit of products, but rather it would be more prudent to organize them into categories so that the customer can easily find what he is looking for.

It is advisable to study purchase patterns and see which areas are most frequently approached by the customers and adjust your POS (point of sale) material accordingly so as to maximize sales.

Following the above tips would go a long way in ensuring that your buying a convenience store in Florida would be profitable and a strong success indeed.

Monday, July 17, 2017

Owning an Aquarium Business in Florida

The shores of Florida are home to a bewildering array of extremely colorful marine life that makes
Owning an Aquarium Business in Florida
aquarium sales and service a very lucrative business proposition indeed.
 Such a company has a lot going for it due the ever increasing popularity of the trend of owning an aquarium (stocked full of colorful fish in Florida).
There are certain aspects that need to be taken care of, when opting for owning an aquarium business in Florida:

Ø  Variety

You can easily start from the very basics by stocking up on diverse selection of aquarium tanks that vary in size and features. However, the key word here is “variety.” You should not get stuck in a ‘one size fits all’ conundrum since people have different needs, from a small goldfish bowl type aquarium to a huge full wall affair that may grace a children’s hospital in Florida. If you are going to succeed you should have the needs of all of your customers in mind so as to be able to service them better.

Ø  Diversity

Merely being in possession of rectangular tanks may be a good start, but an aquarium business needs a whole lot more accessories to flourish.
These can also include certain highly specialized purification systems so that the little scaly friends of your target market are always adequately supplied with oxygen enriched water that they can swim comfortably in.
You can also include aquarium grade, solid state gravel that is used to encourage growth of aquatic plants for creating a perfect freshwater aquarium. However, here it has to be emphasized that planted aquariums need a lot more care than just clean water to thrive.
Such as the soil in the water tank as well as aquarium substrates that make the actual growth of an underwater garden markedly more manageable so that it does not become an underwater jungle full of weeds that will soak up all the oxygen and thus depriving the fish of the same.
You can also include CO2 glass drop checkers in your line up as well. These are usually installed in aquariums to keep a check on the level of carbon dioxide in the aquarium. A surfeit of the same would mean that the fish would not be able to breathe properly, which is why these devices are an absolute must have when it comes to maintaining an aquarium.

Ultimately, when you set up your aquarium business you should understand that your core aim would be the provision of the very best aquarium products. These should include not just fish (that you may have to outsource though live fish supplying companies) but your business concern should also concentrate on both preparing as well as cultivating the desired flora and fauna in your aquariums so as to be able to create the most perfect of natural habitats where fish can live and thrive. Starting an aquarium business can be a lot of fun but buying an existing  aquarium business for sale can be a much faster way to  profits if your looking at owning an aquarium business in Florida.

Monday, July 10, 2017

Selling a Cabinet Company in Florida

Cabinets, apart from stoves and ovens are the backbone of any kitchen. However, putting things in cabinets in a haphazard manner by stacking them against the walls does not create an aesthetically appealing image. Not to mention the fact that it also cramps available space and makes your kitchen looks smaller and more claustrophobic than it may actually be.
Selling a Cabinet Company in Florida
That is why selling a cabinet sales and installation company can require a buyer with both experience and an eye for detail. These ‘true blue’ kitchen cabinet professionals should know just how to plan a kitchen based on its own requirements regarding its overall size and floor plan.
Not only should the company be well versed in understanding the myriad different layouts and looks that would go well with your kitchen but they should also have an intimate knowledge of the ambient climate throughout the state of Florida. This will ensure that they will not install components that tend to expand or rust in damp areas. As a matter of fact, this is a very real problem all over Florida because such damp conditions cause wood to warp and iron catchers and handles to rust, thereby jamming the cabinets repeatedly while also simultaneously marring the overall fit and finish.
A highly professional kitchen remodeling company would know just how to configure the cabinets in your kitchen so as to make the best possible use of your space.
As a rule, the base cabinets (the ones closer to the floor) tend to have the most attention showered on them since they are used more often during day to day activities.
Hanging cabinets on the other hand are typically used to store utensils and spices and other assorted items that are not commonly used all that much. Nevertheless, these cabinets give both depth and variety, not to mention a high degree of aesthetic appeal to the whole kitchen area. Especially, if the remodeling company uses bronze glass and internal lights to give a touch of austere elegance to your kitchen. If done right, your kitchen’s interior design may be so sophisticated that it just might end up having the same appeal as your living and dining rooms.
Most cabinet companies in Florida are now shifting from larger door configurations to smaller drawer ones. This is because drawers are not only more comfortable to operate on a daily basis, they also allow greater compartmentalization and thereby help prevent clutter in your kitchen.
This is why opting for more drawers rather than door based cupboards is not only more aesthetically appealing but also makes sound ergonomic sense as well, since drawers that slide on their rollers are far easier to open than doors that may get stuck due to warping. Add to that the fact that, there is no need to bend or squat and probe through multiple layers of clutter to obtain your desired object.
Whichever way you look at it, buying or selling a cabinet company in Florida requires an owner who has a knack for kitchen remodeling a can understand the requirements for  and consumer  remodeling needs.

Friday, July 7, 2017

E-2 And L-1 Visas and Their Importance for Buying a Florida Business

The government of the United States (in the form of the state department) decides just who may be allowed to enter the country legally. For this purpose, there are bewildering number of visa rules and regulations when it comes to buying a Florida business in order to obtain a visa. Each one of these visas has their own requisite limitations as well as requirements. 

It is not all that easy to keep track of all the different types of visas out there as well as their
E-2 Visas and Buying a Florida Business
application processes.

Let us study the examples of the following two visa categories:
·       L Visas
·       E Visas
The former is more concerned with transferees of American companies who have been offered temporary relocation to territory under United States government’s sovereignty, while the latter is meant for investors as well as traders from countries with which the United States has trade ties and treaties. Here it is important to understand just which visa requirements should suit the individual who wants to settle in Florida on either a temporary visa or relocate to this state on a permanent basis.

This is because both the different types of visas have many requirements that tend to overlap with each other, even though on an overall basis, these two categories are significantly different in nature.

Ø  L1 visas

As far as L1 visas are concerned, they are generally granted to those individuals who are immensely talented in their respective fields and the organizations (or individuals as the case may be) they work for, find them indispensable to the running of their operations on US territory. Here it is pertinent to note that the employer (either a firm, a joint stock company or sole proprietor) has to be based in America.

All L1 visas are time bound and unless an extension is granted (on grounds provided by the ‘employer,’ not the employee) the recipient of the visa has to leave US territory once his visa term expires, otherwise he would be treated as an illegal alien and prosecuted under the law.

Ø  E 2 visas

Both E-1 as well as E-2 visas are available only to those foreign nationals whose countries of origin have in place a bilateral investment treaty (applicable only to the two signatories of the treaty) or a treaty of commerce, both of which provide a means of access to United States territory without the applicant declaring himself to be an immigrant.

As a general rule Most E-2 visas (unlike their L1 counterparts) are quite flexible with regard to time frame and duration concerns and extensions are not all that difficult to acquire. This is because they are primarily designed to cater to the needs of those foreign nationals who have either invested a certain amount in setting up a business in the United States, or are in the process of doing so.

Since their personal presence in setting up such a commercial enterprise is necessary for the business to work, acquiring extensions over and above the original two-year time limit is possible.

However, irrespective of the fact that you are an employee on an L1 visa, or an investor who has come to the US on an E2 visa, you may rest assured that the pluralism and the diversity as well as investment opportunities you find in the state of Florida would be unmatched when compared to virtually every other state in the union.