The American Dream has undergone a profound paradigm shift. Our aspirations are taking us to the internet for unexplored areas of untapped resources and riches. For those dreamers thinking of starting an online business or bringing an existing business to the online arena, the Small Business Administration or SBA offers free advice, guidelines and resources for success.
The initial business setup on or offline is the same and requires a startup budget. Decide what you want to offer and develop a business plan. Find a name for your business and check it for trademark infringement. Study up on federal, state and local laws governing online business. Apply for a business tax number. When all this is said and done, you are ready to begin the online business setup.
Apply for a domain name. Research the best hosting company for your needs. Design a website or have a designer do it for you. Marketing and advertising come next to get your online business the viewer traffic you need to succeed.
In a tough economy, building and maintaining a substantial cash reserve is a good sound business practice. According to the SBA, a Small Business Administration loan may be available to your business for whatever reasons you need such as expansion, equipment, advertising, etc. If your business is at least 2 years running, you have a credit score of 680 or better, and there are no credit marks against you, you can apply to be prequalified for an SBA loan here at UnsecuredBizLoan.
Loans up to $25,000 for new businesses and up to $35,000 for existing businesses only require a short application. Since this is a prequalification, there is no obligation to applying for an unsecured business loan. The results will become available to you within 48 hours. Learn how much you qualify for. Think about the ways you can use this money to further your success. Seriously look at the repayment plan and make a sound business decision on an SBA loan.
To apply for funding for your small business, use the form on the right to begin the application process.