Tag: First

Louisville Business First: 20 People to Know: Trey Riddle #austin #business #journal

#business first louisville

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Louisville Business First: 20 People to Know: Trey Riddle

Favorite way to spend time away from work:

Describe your company:

Sunstrand is a manufacturer and supplier of biomaterials for a variety of technical and industrial applications. Our focus markets are polymer composites, plastics and technical nonwovens. Basically, we take raw agricultural feedstocks (bamboo, kenaf, flax, hemp) and manufacture our products that take the form of fibers and fillers (particulates).

Our customers (upstream manufacturers) then incorporate these materials into their products. Ultimately, our materials will be used in a variety of applications, including consumer goods, automotive, building materials and sporting goods.

What is the biggest hurdle for entrepreneurs in the area?

Acquisition of capital is probably the No. 1 most challenging issue facing startups in the area. The community has done a really good job of highlighting some of the bigger names in local investment, but that is just the tip of the iceberg, so to speak.

How do we get below the water line? Additionally, there are way more companies needing capital than investors, and that breeds deal partiality.

What is some advice for people who want to start a company?

Seek out help. I have found that people are generally willing to have open discussions with you about a variety of business-related topics if you just ask nicely. The key in those situation is to not push product, but rather reach out for advice. Be dedicated and stay vigilant — there will be ups and downs. It is not all about the money. If you are not passionate about the business, don’t even think about starting it.

What’s the most interesting question a potential investor has ever asked you?

What is your plan? Not what is the business plan, but where do I see myself personally in 10 years. I think the key here was that the potential investor was interested in my personal goals because he knew that it would affect the business in the long run.

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Business – First Capital Bank of Kentucky – Louisville, KY #starting #own #business

#business first louisville

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Allow the business expertise of First Capital Bank to be your most important financial resource. We work with our clients to develop a keen understanding of their businesses and personal lives, as they are often closely interwoven. We can then evaluate financial hurdles and opportunities intelligently, recommending solutions that make sense on a personal and professional level. We respond to our business customers by designing an approach that asks the right questions and provides the solutions necessary to meet the unique needs dictated by today s changing business climate. Allow our experienced, knowledgeable and highly qualified team to provide you with the most responsive financial products and services available to you and your business. Check out our options, use our helpful financial tools, and schedule a visit with us today. We re eager to help you get started.

Contact Us

Thank you for your interest in First Capital Bank of Kentucky. We strive to make ourselves available to you, via email, telephone, postal mail and in person at any of our branch locations. or use the secure form found on our Contact Us page.

First Capital Bank of Kentucky
293 N. Hubbards Lane
Louisville, KY 40207





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Over-the-Rhine Chamber: Cincinnati, Ohio: Business First Grant #register #a #business

#business first

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Business First Grant (BFG)

Business Recruitment Initiative for Over-the-Rhine

The mission of the Business First Grant Program (BFG) is to benefit the city by strengthening the local economy, increasing business and employment opportunities, and animating the sidewalks of OTR.


To be eligible for a grant, the incoming business must:

  • Be new to Over-the-Rhine. New businesses and businesses previously established in other locations are permitted to apply. It is preferred that established businesses are currently located outside of the City of Cincinnati boundaries.
  • Occupy a storefront or occupy other location in OTR that is consistent with the neighborhood tenanting strategy.
  • Sign a three-year lease with the landlord (see note below regarding letters of intent).

* The tenant and business owner/landlord negotiate the required build out, renovation and
preparation required of the building and disclose the cost of build out and the monthly rental
amount.
* The incoming tenant/ business will submit a copy of its current business plan to the building
owner/landlord before lease negotiations will be completed.
* Building owners and/or landlords must agree to participate fully in the program and tri-party
meetings will be held between the applicant, Chamber and Landlord.

  • Agree to be open at least 50 hours per week .
  • Submit a complete application prior to opening .

* This includes a thorough and well-organized business plan with a start-up budget and projected
cash flow statements for the first three years of operation.

  • Once awarded funds, agree to actively participate in the Business First mentoring program, which includes attending regular meetings with a mentor to discuss business details and providing annual financial statements for the period of the lease.

* The new business meets with the Mentor to discuss concerns and review financial information
regularly for three years. As needed, a new business owner may be teamed up with an
experienced business owner to work together to address a specific need.
2016 Program Goals

  • Promote diversity among business owners in OTR.
  • Increase customer traffic, safety, and return on investment.
  • Support capital improvement in unused and underutilized storefronts for business occupation in OTR.
  • Mentor and encourage businesses that strengthen the neighborhood as a viable and diverse place to live, work and play.
  • Provide an environment for individuals, entrepreneurs, investors and businesses to thrive.

Desirable businesses include retail, neighborhood services, large employers who hire from within OTR, Women/Minority Business Enterprises, and those that locate in an area that is compatible with the tenanting strategy for the neighborhood. Ineligible businesses include convenience stores, check-cashing services, temporary labor services, churches, social services, not for profits, home-based businesses, and businesses that are not compatible with adjacent residential uses.

Businesses that are selected through the Business First Grant Program s competitive process will be awarded a matching grant up to $20,000 for furniture, fixtures and equipment (FFE) and tenant improvements (TI). The funds will be distributed through a reimbursement process through the OTR Chamber.

Additionally, the BFG Program works to create a support network for the new business. Ongoing mentoring will be provided for the three year duration of the program. The Review Committee will match the new business owner with a committee member mentor based on the needs of the business. The Review Committee may also refer the new business to local business resources to strengthen areas of the business that present a challenge to the business success. A member of the Review Committee will meet with the business owner regularly to address any concerns the business owner may have and assist the business owner in updating her/his Business Plan.

Applications will be reviewed twice annually through a competitive process. Applications will be due December 6, 2016.

Applicants must submit a completed application to the OTR Chamber prior to opening up for business. At the time of application submission, expected project completion date should be within 9 months to a year. The Application form can be downloaded at the bottom of this page. The submission should include a:

  • Professional Business Plan that clearly articulates the business model, industry analysis, demographics of target population, hours of operation and corresponding staffing schedules, experience of personnel, marketing strategy, and includes detailed cash flow projections. (Note, click the link above “Professional Business Plan” to read tips from Forbes)
  • Three Year Lease including the landlord s contact information so the OTR Chamber can contact her/him to discuss the terms of the lease. Please note, a signed letter of intent by landlord and applicant can be submitted initially if a signed lease is not in place at the time of submission. Awarding of any grant money would be contingent upon a signed three year lease.
  • Detailed Build-Out Costs of space clearly defining what will be provided by the landlord and what is the responsibility of the tenant. Detailed budget for FFE is also required.

The applications will be reviewed semi-annually in a competitive process by the Business Attraction and Retention Review Committee.

This program is administered by OTR Chamber of Commerce with the support of a Review Committee to oversee leases, programs and funding.

The Business First Grant program is made possible by the following corporate and foundation partners: BB T, The Carol Ann and Ralph V. Haile, Jr. / U.S. Bank Foundation, Over-the-Rhine Chamber of Commerce, PNC Bank, and P G.





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How to Apply for Your First Business Loan #business #search

#apply for a business loan

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How to Apply for Your First Business Loan

Continue Reading Below

Unless you plan to fund this enterprise solely with savings—not recommended unless you are fabulously wealthy—you’ll need a business loan. As any lender can tell you, the better prepared you are before making your request for business credit. the greater the likelihood of getting approved.

Part of this preparation is understanding what bankers will need to approve you. Banks make a major portion of their profits from loans. They’re not in the business of saying no; they just say it when your application doesn’t meet lending requirements, which are much stricter now than before the financial crisis. But be aware that start-ups are almost always considered risky bets, and many lenders are reluctant to finance them. Also know that many larger banks won’t even consider small loans, which are less profitable than larger loans but require the same amount of time to analyze and administer.

Don’t let these discourage you. Get organized. How small is small? According to the Small Business Administration (SBA), the median small business loan from a financial institution is roughly $135,000, with highest around $250,000. SBA loans, which are not underwritten by the US Government but by SBA partners (lenders, community development organizations and microlending institutions), range from $5,000 (a microloan) to $5 million, with the average around $371,000.

Do Your Homework So what exactly are lenders looking for? Basically, they’re searching for clues that your business will be able to repay the loan, plus interest, with metronomic regularity. Most financial institutions will expect the loan to be fully secured. either with business assets or personal collateral. Having some skin in the game, meaning you have your own equity invested in the business, strongly works in your favor.

Lenders also will be looking at opportunities to profit from your success, so as your business grows, so will your business relationship. The buzzword in banking circles these days is cross-selling, so your business loan provider may also seek to be the issuer of your business’s credit cards and holder of your treasury accounts. Lenders will also be looking at you—your personal finance record, your credit score. your assets, your work experience, and your character. If you’re starting a business for the first time, having partners with the experience and track record that you lack may also be a requirement.

Continue Reading Below

The Questions You Need to Answer Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, on the right side of the chart. Once you’re ready to make your request, ask the financial institution for the documentation it requires. Then, be prepared to answer the questions, in depth, for each of the categories listed below.

Purpose: What will the funds be used for? (Note that banks won’t lend for speculating, passive investments, pyramid sales or gambling.)

Amount: How much money do you want to borrow? Why that particular amount? Term and

Repayment Plan: For how long will you need the money and what is your specific plan for repayment?

Collateral: What assets, business or personal, do you intend to use as collateral? What is their market value? What portion of their value can you use as collateral?

Asset and Liability Statement: Your current, complete business asset and liability financial statements (your balance sheet).

Current Income and Financial Performance Statement: Your current, complete business statement of income and expenses (your profit and loss statement, or P L).

Business Plan Details: Your written plan for your business including goals and action steps, timetable, resource allocation, funding required, and related financial data. You may be asked for cash flow projections for at least a year.

Historic Financial Performance Information: Past business financial performance information under your ownership or under the previous owner’s ownership.

Other Information As Required: Information about you (your C.V. your loan Guarantor—someone who will pledge his/her assets and financials to guarantee repayment of the loan should you default. Guarantors can be a legitimate tipping point factor in getting a “yes” to the credit request.

If You’re Turned Down What do you do if you get a no? Don’t give up. Pursue the reasons for the rejection. Was it a procedural thing—a missing piece of information on the application—or something else? Then ask what would it take to get a yes.

You can then either alter your request accordingly and resubmit it, or take it elsewhere. If you keep hitting a brick wall, consider alternative sources of funding. Many entrepreneurs seek out financing from family and friends. Some use their available credit from credit cards or home equity lines of credit to finance their businesses.

If your no comes from a commercial bank, consider community banks and credit unions, many of which specialize in small business loans. You may also want to look into alternative sources of business credit, like Kabbage.com, which offers cash advances of between $500 and $50,000 to businesses that already have a performance record, such as online sales. If you do decide to go online to fund your business, be sure you understand all of the terms and conditions of the financing, as they can differ from conventional small business loans.





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Business Free Checking, First National Bank #small #business #finance

#free business banking

#

Business Free Checking

With no minimum deposit to open, no minimum balance requirement and 150 free transactions a month ($0.25 per item thereafter), Business Free Checking is designed for the small business that values flexibility and cost-control.

  • 150 free transactions per month ($0.25 per item thereafter)
  • No minimum balance
  • No monthly maintenance fee
  • $200 mortgage closing cost credit (See a Mortgage Loan Officer for complete details)
  • Free Online Banking, BillPay and Account Alerts

Business Debit Cards

Business Free Checking comes with a free Visa Business Debit Card. Use it to make up to $5,000 a day in purchases from merchants, or to access up to $1,000 a day in cash from ATMs. 1 Also enjoy easy record-keeping, dependable security, worldwide acceptance and zero liability 2 for fraudulent charges. Open a business checking account and start using your Visa Business Debit Card today.

Visa Business Debit Card

  • Up to $5,000/per day at merchants and up to $1,000/per day at ATMs 2
  • Record keeping made easy. All Visa Business Debit Card purchases are deducted directly from your checking account; transactions appear online and on your monthly statement.
  • Accepted Worldwide

When you use your Visa Business Debit Card, you’re protected by Visa’s Zero Liability Policy 3 so you won’t be held responsible for unauthorized charges.

Visa’s Zero Liability Policy makes shopping 100% safe and secure. Shop online, on the phone, or in your favorite store and never be liable for unauthorized use on your card. With Visa’s Zero Liability Policy. you risk nothing and PAY nothing for unauthorized use.

Learn More

1 A surcharge may be assessed when using an ATM not branded with .

2 Visa’s Zero Liability policy covers U.S. issued cards only and does not apply to PIN transactions not processed by Visa or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security .

First National Bank is an equal opportunity employer-disability/veteran

Copyright First National Bank of Omaha. All Rights Reserved.
1620 Dodge Street, Omaha, Nebraska 68197





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Business Advice: Enterprise First #business #clothing

#business advice

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Business Advice

We offer workshops and events across the South East.

  • Event date: 13/09/2016
    Bookkeeping – Enterprise First
  • Event date: 13/10/2016
    Bookkeeping – Enterprise First
  • Event date: 15/11/2016
    Bookkeeping – Enterprise First
  • Event date: 08/12/2016
    Bookkeeping – Enterprise First
  • First class help and advice
  • Advisor very personable, felt at ease, gave me confidence that I was making the right decision
  • A nice man, easy to talk to and very helpful and gave me some great advice, thank you
  • The key issues for action plans given to me really helped me focus on my next strategy in setting up my business
  • Very helpful; gave me all the info I needed and answered any questions I may have had
  • Good feedback as always from Henry. I’ve come away with some fresh ideas
  • Very Good, very helpful, raised various points
  • Excellent service from a very professional man. Thank you so much

Blog

Enterprise First and Business South merger will bring a boost to Southern regional economy

Enterprise First and Business South merger will bring a boost to Southern regional economy A MERGER has been agreed between two Hampshire based not-for-profit companies with the aim.

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Louisville Business First: 20 People to Know: Trey Riddle #business #plan #writers

#business first louisville

#

Louisville Business First: 20 People to Know: Trey Riddle

Favorite way to spend time away from work:

Describe your company:

Sunstrand is a manufacturer and supplier of biomaterials for a variety of technical and industrial applications. Our focus markets are polymer composites, plastics and technical nonwovens. Basically, we take raw agricultural feedstocks (bamboo, kenaf, flax, hemp) and manufacture our products that take the form of fibers and fillers (particulates).

Our customers (upstream manufacturers) then incorporate these materials into their products. Ultimately, our materials will be used in a variety of applications, including consumer goods, automotive, building materials and sporting goods.

What is the biggest hurdle for entrepreneurs in the area?

Acquisition of capital is probably the No. 1 most challenging issue facing startups in the area. The community has done a really good job of highlighting some of the bigger names in local investment, but that is just the tip of the iceberg, so to speak.

How do we get below the water line? Additionally, there are way more companies needing capital than investors, and that breeds deal partiality.

What is some advice for people who want to start a company?

Seek out help. I have found that people are generally willing to have open discussions with you about a variety of business-related topics if you just ask nicely. The key in those situation is to not push product, but rather reach out for advice. Be dedicated and stay vigilant — there will be ups and downs. It is not all about the money. If you are not passionate about the business, don’t even think about starting it.

What’s the most interesting question a potential investor has ever asked you?

What is your plan? Not what is the business plan, but where do I see myself personally in 10 years. I think the key here was that the potential investor was interested in my personal goals because he knew that it would affect the business in the long run.

Share This Story, Choose Your Platform!





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Home – Buckinghamshire Business First #financing #a #small #business

#business first

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Sign in to Buckinghamshire Business First

We’re here to help your business

2,646 business contracts

Win new business and find local suppliers in our Buckinghamshire marketplace of 8,000+ businesses.

  • Search and apply for contracts related to your business
  • Whether the job is big or small, find a local supplier by creating a contract
  • We ve linked up with the Government s Contract Finder to bring you public sector opportunities from across the South East
  • Set up an alert for opportunities in your sector

8,460 business members

Join over 8,000 other members listed on our member directory .

  • Get your business listed
  • Enhance your profile with your logo, cover photo and video
  • Add a link back to your website
  • Post testimonials from customers

3 business hubs

Drop in and hot desk or book meeting rooms at our business hubs across the county.

  • Professional hot desking facilities
  • Fully equipped meeting rooms to book
  • Informal meeting areas
  • Convenient locations

40 business events

Find a business event in Buckinghamshire to develop new skills or grow your network.

  • Make new connections at our Simply Networking events
  • Develop new skills at Focus on workshops
  • High level networking at our Business Leaders Dinners
  • Find an event organised by a member, from meet-ups to conferences

15 member offers

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Business Free Checking, First National Bank #business #plan #examples

#free business banking

#

Business Free Checking

With no minimum deposit to open, no minimum balance requirement and 150 free transactions a month ($0.25 per item thereafter), Business Free Checking is designed for the small business that values flexibility and cost-control.

  • 150 free transactions per month ($0.25 per item thereafter)
  • No minimum balance
  • No monthly maintenance fee
  • $200 mortgage closing cost credit (See a Mortgage Loan Officer for complete details)
  • Free Online Banking, BillPay and Account Alerts

Business Debit Cards

Business Free Checking comes with a free Visa Business Debit Card. Use it to make up to $5,000 a day in purchases from merchants, or to access up to $1,000 a day in cash from ATMs. 1 Also enjoy easy record-keeping, dependable security, worldwide acceptance and zero liability 2 for fraudulent charges. Open a business checking account and start using your Visa Business Debit Card today.

Visa Business Debit Card

  • Up to $5,000/per day at merchants and up to $1,000/per day at ATMs 2
  • Record keeping made easy. All Visa Business Debit Card purchases are deducted directly from your checking account; transactions appear online and on your monthly statement.
  • Accepted Worldwide

When you use your Visa Business Debit Card, you’re protected by Visa’s Zero Liability Policy 3 so you won’t be held responsible for unauthorized charges.

Visa’s Zero Liability Policy makes shopping 100% safe and secure. Shop online, on the phone, or in your favorite store and never be liable for unauthorized use on your card. With Visa’s Zero Liability Policy. you risk nothing and PAY nothing for unauthorized use.

Learn More

1 A surcharge may be assessed when using an ATM not branded with .

2 Visa’s Zero Liability policy covers U.S. issued cards only and does not apply to PIN transactions not processed by Visa or certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security .

First National Bank is an equal opportunity employer-disability/veteran

Copyright First National Bank of Omaha. All Rights Reserved.
1620 Dodge Street, Omaha, Nebraska 68197





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