Outsourcing Can Save Time and Money While Delivering Professional Results

Balancing quality with low cost is important for a business to be successful. For example, can the current staff successfully handle the workload or will quality be sacrificed if new employees are not hired? Is there a need for experts to handle certain tasks, but not enough to justify full-time employees? Should these tasks be outsourced or added to the workload of current employees to avoid the need for new hires?

In the past, outsourcing was typically limited to data entry, low-level tech support, and telemarketing. Today, business owners outsource significantly more from back office tasks to CEO's. Billing, accounting, payroll, and human resources are commonly outsourced. There is a gap between these functions and the primary business which introduces a level of comfort to the business owner. By outsourcing, there is little risk of trade secrets being revealed and numerous benefits of having professionals do the jobs. Outsourcing functions that are more closely tied to the primary business is becoming more common. For example, CEO's and CFO's can be brought in to help guide the business or help make key decisions.

Choosing the provider to whom you will outsource should be done with care as they will have an impact on your business. Here are some factors to consider:

• In a version of "what comes first, the chicken or the egg", you can consider hiring an outsourcing consultant. They will help decide which functions you will outsource and supply referrals to outsourcing providers.

• Be sure the contract for services is specific and clear. Detail exactly what tasks will be provided as opposed to general terms like "back office" to avoid any misunderstandings.

• Consider having a lawyer review the contract prior to signing. Typically, the service provider writes the contract and a lawyer can assure that you will not be at a disadvantage. 

• Have a plan in place to monitor the services performed by the outsourced workers.

If finances are holding you back from obtaining the professionals your business needs, speak with a business consultant at National Business Capital. We may have a solution for you!

Help May Be Available for Businesses Affected By Storms

For many small businesses in the path of Super Storm Sandy, the last quarter of 2012 was a financial challenge. Just as a large collective breath was taken and business owners forged ahead to make the first quarter of 2013 a success, Nemo blasted through the region as a winter storm to some and as a blizzard to others. 

Businesses in the hardest hit areas may face numerous challenges. Streets may have been closed for days resulting in loss of revenue as well as loss of production. Physical damage to office space or inventory may have occurred. In addition, suppliers may be affected and unable to provide needed materials and customers may be facing financial challenges as well resulting in cancelled orders or late payments.

National Business Capital is based in an area hard hit by both Sandy and Nemo and are seeing the effects first hand. We are here to offer any advice and assistance we can to help businesses recover and get back onto the path to success. Please call and speak with one of our business consultants to learn if any of our programs can be beneficial to your business during this trying time.

Can You Afford Office Space?

Putting your dream into reality and starting your own business is an exciting time filled with planning and decision making. One major decision to consider is just exactly where your business will be located. For some, retail or office space is a must, but for others almost any space can work.

Wi-fi, laptops, Google Voice, and cloud storage, among others, make home offices more doable than ever and may be a great place to begin. Meeting space can be a challenge, but most communities do offer solutions. The public library often has meeting rooms wi-fi available. Call in advance to reserve a room to ensure it is available for your appointment time. Community centers are another option. Even hotel lobbies can work. Some lobbies have tables and wi-fi making a small meeting possible.

Another option to consider is shared space. There may be a local business with more space than they need who would be willing to rent the space out or even barter for the use of the space. There are also office suites specifically established for business owners to rent time/space and are equipped with computers, wi-fi, phones, printers, fax, etc.

If these options are not for you or if you have outgrown them, then renting or buying office space may be what you need. Speak with one of the business consultants at National Business Capital to see if one of our financing programs can help fund your space.

Isn't It Bad To Use Credit?

With the economic crisis our country has faced during the past few years, there has been increased urging to stop the use of credit. If you can't pay cash, don't buy it. While this may be good advice on the personal side, it usually is not prudent on the business side.

Nowadays, it is hard to be successful in business without utilizing credit. A business needs cash flow in order to meet payroll, pay taxes, and cover scheduled payables such as mortgage, electric, etc. Therefore a certain amount of liquid reserves should be on hand at all times. But what if the cost to expand operations depletes the reserves? You do not want to turn business away and at the same time you don'twant the worry of not having the cash on hand to meet the scheduled payables.

Unlike personal expenses, paying for business expenses when you do not have the cash on hand can be a smart move because it may expand your business and increase your revenue. A business loan can afford the opportunity to pay for capital expenditures while leaving cash reserves available for scheduled payables and incidentals. Business can expand, loans can be repaid, and expenses can be met.

Traditional bank loans can often be difficult for small business owners due to the fixed monthly repayment plan. Monthly revenue often fluctuates greatly for retail and small businesses. A more prudent and less worrisome option might be open a line of credit or take out a loan based upon the business's receivables. The repayment plan is structured upon a percentage of the monthly receivables so that it fluctuates along with the income.

National Business Capital has expert business consultants on hand to discuss your specific situation. Give us a call to learn what options are available for you.

Inexpensive Employee Appreciation Ideas

One easy way to help keep employees motivated is to provide extra perks. This time of year many employers shell out big bucks in holiday bonuses and/or holiday parties. Revenue may be lower due to a decrease in time spent on tasks. Why? A high number of vacation days used, extra "water cooler" time spent discussing the holidays, holiday planning at their desks, etc. It becomes a financial challenge for many employers to provide these perks that have become expected.

As a business owner, you want your employees to feel appreciated and to be happy in their work environment. Is there a way to achieve this without spending a fortune? The answer is yes and here are some ideas!

• Talk with your vendors. You provide them with business throughout the year and help keep their business profitable. See if they would be willing to offer discounts directly to your employees.

• Talk with local merchants. Perhaps you can make arrangements to offer discounts to each others employees.

• Professional associations may have agreements for discounts to their members. If so, see if you can extend these discounts to your employees.

• The gift of time is always a cherished perk. Depending upon your business structure, there are different ways to make this manageable. One way is to change the working hours to four ten-hour days thereby providing your employees a three day weekend every week! Another way is to have a rotating schedule for employees to add extra time to their lunch hour or leave early for the day. An hour here and there may not affect your bottom line too much or may even improve it by keeping your employees motivated and happy!

Of course, not all perks are free, but the benefits of providing them can be great. If you would like to offer perks to your employees, but cash flow is a challenge, speak with one of the business consultants at National Business Capital. We can discuss the options available to provide you with the cash flow you need.

Business Credit Lines Open To Almost ALL Industries!

Having access to a business line of credit can be crucial to the health of a company. For many business owners, if not most, a line of credit has not been a possibility for years. The struggling economy resulted in banks tightening the reins and all but eliminating lines of credit.

National Business Capital has been working hard to bring business lines of credit back! A few months ago, we were able to offer line of credit to a limited number of industries, but we are happy to announce that we can now offer lines of credit to almost all industries! National Business Capital has not been able to offer business lines of credit with such flexible guidelines in 5 years! While most banks continue to cut or close credit lines, National Business Capital can often approve them in as little as 48 hours and we do not require collateral! 

What makes our credit lines so attractive?

• Receive an Actual Checkbook!
• Only Pay for What You Use!
• Take Additional Funds When Needed!
• Interest is Tax Deductible!
• No Real Estate Collateral!
• Based on Annual Sales!

Call and speak with one of our business consultants to learn what YOUR business qualifies for!

Are You Taking Advantage of Social Media to Promote Your Business?

Social media has become a large piece of the marketing puzzle for businesses, but many business owners fail to understand the true value.  While social media strategies will differ from business to business, each should implement and use social media.

Some business owners feel their business is not the "right fit" for social media because they see it as a tool for "social" businesses such as restaurants or clothing stores.  This is not true as National Business Capital itself can show you. We have a social media marketing plan which focuses on educating and engaging our customers rather than posting silly pictures for caption contests or coupons for nachos. Understanding the various social networks and their individual value propositions is important for every industry.

It's not all fun and games. Social media has become a key piece in search engine optimization.  The businesses who find themselves at the top of search results pages typically have active social media channels. It is also important to note that using the channels is not enough.  Take the time to learn how to use social media for business as it is a whole different beast than using it for fun.  

Social media is a viable tool for each and every business.  Take the time to do research and speak with professionals to help guide you in developing a successful plan. How about starting by looking at National Business Capital's social media?  Follow the link to our website and click on the icons!

What Does My Credit Score Mean?

Do you want to secure a business loan, but are afraid your credit score will make you ineligible? 


Are you worried that recent financial hardships have decimated your credit?


Have you found mistakes in your credit report that have not been corrected?

Any of the above scenarios can induce anxiety when applying for a business loan. Remove the fear of the unknown and you will be well on your way to removing the anxiety. National Business Capital can help!

Take the first step and call us.  One of our business consultants can provide you with a FREE CREDIT CONSULTATION and help you devise a strategy to secure the best financing terms possible.  Poor credit does not automatically mean no loan approval!


The business consultant will ensure that you know how to read a credit report.  Should there be any mistakes on your report, the consultant will advise how to correct them.  It is important to note that there are many companies that claim to fix your credit.  Be wary as many are unethical; may charge up-front fees and provide no solutions.  If your report is correct, but your score is still less than stellar, the consultant can advise how to improve the score. 


The business consultant can help guide you through your options.  The answer may be to apply for a small loan now, take time to repair your credit, then apply for a larger loan. Or, even with poor credit, you may qualify for PREMIUM approval by National Business Capital right now! 


The most important fact is to know your scores and understand how they affect financing terms.  A bit of knowledge may save you thousands of dollars!

Did You Know National Business Capital Finances Equipment For Up To Five Years?

Attention!  Valuable information to help increase profits! 

DOCTORS, RESTAURANT OWNERS, MANUFACTURERS, WHOLESALERS, DISTRIBUTORS, AND TRANSPORTATION COMPANIES!

You've heard the saying, "You have to spend money to make money." Purchasing equipment in order to offer additional services and/or be more efficient is a great way to better serve your customers and increase your profits. 

National Business Capital offers excellent financing options so you can increase your profits and still maintain the cash flow you need!

Why finance your equipment purchase with National Business Capital?

• Terms up to 5 years frees up your cash flow

• Purchase new or used equipment

• Not limited to a particular vendor; shop anywhere you choose

• Tax deductible

• Payments once per month

MANUFACTURERS, WHOLESALERS AND DISTRIBUTORS, you may also be qualified to refinance your existing equipment loans purchase equipment with terms up to ten years!

Do you have a high interest rate loan/lease with a balance over $200,000? You may be eligible to refinance to a lower interest rate! 

Please call us and speak with one of our business consultants to discuss your options and receive a no obligation quote!

Tax Time Worries? National Business Capital Can Help!

Tax season is tough, especially in this difficult economy.  Often, money is stretched just to cover operating expenses and business owners find they are unable to pay taxes. Fortunately, National Business Capital can help!

National Business Capital offers a variety of financing programs and works with each applicant to  create a tailor fit solution. National Business Capital can even provide solutions where other lenders can not. We can provide:

• Financing to pay taxes

• Financing to pay tax liens

• Financing to business owners NOT on an IRS Payment Plan

Recently, National Business Capital helped a business owner obtain financing to pay a $140,000 tax lien. We were even able to offer one of our premium programs! If taxes are a concern to you, call and speak with one of our experts so we can create a solution for you!

Pinterst for My Business?

The use of social media in business is on the rise and business owners are learning that it is not whether they use it, but how they use it.  Keeping up with the constant evolution of social media can create a challenge for the business owner to implement the best strategy.

The newest social network to grow at an unprecedented rate is Pinterest.com. The site works as an online scrap booking community. The users create different boards on which they pin items of interest.  For example, a user may create a board for photography to include unusual photos they come across or may create a board for their favorite kid friendly recipes. The user may follow people who pin items they find interesting and can in turn re-pin the item to their boards.

Business owners have rapidly been learning the benefits Pinterest can have for their business.  There are many ways a business can utilize the site for their benefit.  Let's take a look at how a hair salon may use it.  The salon owner can create a board for each faction of their business, such as Wedding Styles, Color, Hair Care Products, Cosmetics, Hair Care Tips, etc.  The owner will then pin pictures of the styles they have created, the color treatments they have done, the products they sell, and tips to keep hair healthy or manage hair in difficult weather. Each person who follows the salon then shares all of these pictures and tips with their followers.  Comments can also be left for each pin. 

Suppose your business does not sell actual products, but rather provides a service.  Let's look at how a medical provider might utilize Pinterest.  The provider can create boards to offer education and tips to their followers.  For example, Preventative Care, How to Care for a Cold, The Benefits of Immunizations, etc. 

Pinterest is the HOT social network at the moment and offers business owners free word of mouth advertising and a free platform to showcase their work.  The staff at National Business Capital is always on the lookout for ways to help their customers become more successful. Pinterest may be useful tool to spread the word about your business.

Welcome To Our Blog!

National Business Capital is pleased to announce the launching of our new blog. Here you will find articles on business news, finance, helpful business tips, etc.  National Business Capital employs experts in business finance and we want to share our expertise with you.

First, let us introduce ourselves.  National Business Capital is the nation's leading source for business financing.  With over 35 years experience in the finance industry, we strive to put money in your hands without the hassles of a traditional bank loan.  We provide working capital to businesses nationwide regardless of their credit background and offer the best programs in the industry to businesses of all types.

Here at National Business Capital we qualify businesses based upon  a number of different factors.  This is how we are able to help business owners who have a negative credit history.  About 70% of our clients were declined by their local banks before they contacted National Business Capital. We lend money to business owners with credit scores as high as 850 and even below 500 credit score.

Flexibility is key at National Business Capital.  There are no upfront fees or industry restrictions.  Bad credit is ok and you can use the funds for business or personal use.  We know how important cash flow is for a business and that is why our process is fast. It begins with an easy 3 minute application, approval within 24 hours, and funding for most programs within 5-7 days!  National Business Capital also has a 90% approval rate.  Fast and flexible removes stress from the process, but with National Business Capital you also get dependability.  We provide honest and professional advice based upon our 35+ years of industry experience. Call (877)482-3008 to speak with one of our account specialists to learn about all of our services.

We look forward to providing useful information and hope our blogs are helpful to your business.