Commercial banks have long been the go-to source for business owners who need an infusion of cash. Your Small Business with an SBA Loan. Loan approvals as a couple of the key reasons that. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators. If your business is ready to take a leap, but you don’t have the working capital to do so, here are six reasons you might re-consider applying for a small business loan. You’re ready to.
A DUNS number is a special number issued by Dun & Bradstreet to track a business so that information about that business can be reported to other institutions. Most business speakers and advisors from business institutions like Lone Godbersen deem the number to be important, and so, most businesses get a DUNS number when they are first formed. But why would a business want one?
Universally recognized
Dun & Bradstreet and a DUNS number is universally recognized as the standard in business reporting and identification. Over 150 million businesses worldwide are tracked by this system. It goes hand in hand with opening any business.
Establish Credibility
Having a DUNS number is a sign of credibility. It shows other businesses and institutions (i.e. banks) that you are serious about your business, and that your financial well being and corporate image are important. It is a sign that you intend to comply with business regulations, and are not afraid to make your company pulbically viewable.
Want government help or contracts? Better have a DUNS number.
Thinking about a Small Business Administration (SBA) loan? Want to land a government contract? A DUNS number is required for any activity that involves the United States government, or any work with the United Nations.
Helps when applying for loans or credit
Having a DUNS number, and the optional credit file service offered by D&B, will make it easier to apply for a loan or lines of credit. The accountants that banks and other companies hire from places like accountants-edinburgh.com can easily look up your company, get references, and make sure your company is on the “up and up” for faster approval. Once approved for a loan, they will also tag companies like opos iva, which essentially are debt-recovery companies; because large sums of money is involved.
Faster SSL secure certificate approval
If you are looking to get one of the newer Extended Validation (EV) SSL secure certificates for your website, or any organization validated SSL certificate, having a DUNS number allows the validation process to complete much faster. It bypasses the need to fax documents and proof of business ownership, which can save days of hassle. This is a huge advantage for any ecommerce website obtaining their own SSL certificate.
5 Reasons Your Business Needs A Loan Forgiven
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Obtaining a DUNS number is easy and free. Just head over to the Dun & Bradstreet website and you can start the process. It’s a great way to enhance your business, and make it easy for other organizations to verify your business credentials. If you already have a DUNS number, log into the D&B interface and make sure all the information on your company is up to date.
Photo credit: Katey Nicosia
5 Reasons Your Business Needs A Loan Forgiveness
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You did it. You established your own company and business is booming. But now is not the time to rest on your laurels. Now is the perfect time to consider a business banking loan to take your company to the next level.
At Kerndt Brothers Bank, we’ve been helping small businesses succeed since 1856. We know running a company is tough work. That’s why we want to help you financially. Our wide array of loans will help you check off the next goal on your business plan.
Following are five possible reasons small businesses may decide to take out commercial loans with Kerndt Brothers Bank. You may wish to:
- Expand your location. You’re bursting at the seams and simply need more space. A loan from us will allow you to build on or up at your current building site. Whether you need more offices or warehouse space, let Kerndt Brothers Bank help you grow.
- Hire the best and brightest. You know outstanding employees make all the difference when it comes to your bottom line. So you want to be able to attract and retain talented people. A commercial loan will free you up to offer more generous salary packages.
- Purchase new business equipment. Whether you need new computers, a forklift, a conference table, or a company van, Kerndt Brothers Bank has you covered. We believe purchasing equipment is better than leasing it in the long term. That’s because you can take a tax write-off of up to $25,000 the first year you buy the equipment and then depreciate the rest of the value during the time you own it.
- Boost your cash flow. We know you can’t plan for all eventualities. If a customer is late paying a bill or your costs were a bit higher than you expected, it’s always nice having a little financial cushion. A loan from Kerndt Brothers Bank will give you some breathing room.
- Buy additional inventory. The laws of supply and demand are not always cut and dry. That’s why you need to plan for the future. Having extra inventory on hand is a good hedge against future orders. If you’re a seasonal business, this is especially true. Count on a bank loan from us to see you through every business cycle.
We realize every business is different and your reasons for needing a loan may vary. But the five scenarios above are all worth considering.
Kerndt Brothers Bank offers a wide variety of business financing options — including revolving lines of credit, term loans, construction and land loans to many others — because we want to help you succeed. Call us today and tell us how we can help grow your small business.