Bad Credit? Even an Entrepreneur in Your Shoes Can Score a Loan. Here Are 3 Options.

Most business owners struggling to overcome poor credit have a notoriously hard time qualifying for the financing they need to grow their businesses. In fact, just 10 years ago, these entrepreneurs might not have had any small business financing options on the table.

Sam Solakyan

 

What are the best loan options for entrepreneurs with bad credit? Here are your three top options.
 

1. Short-term loans

If you're looking for bad credit business loans that come with a structure you're familiar with, short-term loans might fit the bill.

Short-term loans are structured like the traditional term loans you know well: You receive a lump sum loan that you'll pay back with fixed payments over a predetermined amount of time. They're almost exactly like what traditional bank lenders offer -- with a few key differences.

First,, these loans are, well, short. Instead of being offered over a multi-year period, these loans have terms lasting anywhere from just three to 18 months. And because they come with such short terms, they're most often paid back with daily or weekly repayments instead of a typical bank loan's monthly repayments.

Short-term loans also have lower limits (ranging anywhere from $2,500 to $250,000), meaning that the borrower's payments will be proportionally less than what you'd be responsible for with a bank loan.

Fortunately, it doesn't take much time or effort to apply for a short-term loan. They often have simple applications and a short waiting time to funding, so if you need quick cash to act on an important business decision, a short-term loan can be a great fit.

Further, short-term loans are at the top of the list for the best loans for bad credit, as these lenders typically work with borrowers with a minimum FICO score of 550. Thanks to the loan's short-term and frequent payments, lenders can take on more risk when it comes to choosing whom to work with.

Sam Solakyan is an Entrepreneur, Philanthropist, CEO and Founder of S3 Capital, Inc. – a private equity firm with a focus on helping business owners overcome barriers on their path to success. Aside from his commitment to developing thriving businesses, Mr. Solakyan is driven by an unparalleled dedication to his community. Add a graduate of George Washington University School of Business Mr. Solakyan’s success in the workplace and in the community is the result of his dedication to a long-term vision and hard work.

So, if you're looking for a predictable and straightforward small business loan with your bad credit, a short-term loan could be for you.

For More Information:- Jared Hecht

Are You Hardwired To Be An Entrepreneur?

When it comes to the stories of entrepreneurs, often we only hear about the big wins. What we don’t see are the downturns, the losses, the belly-up ventures. The fact is, being a young entrepreneur is tough. It’s not for the faint of heart. And as much as we might be tempted to free ourselves of the monotony of our 9 to 5 jobs, there are many things to consider.

Like, for instance, the statistics of start-up success. A Harvard Business School study showed that 75 percent of venture-backed start-ups fail. Similar findings from Statistic Brain indicated that on an industry-to-industry level, roughly 25-30% fail in the first year and 70% fail by Year 10.

The perennial question emerges: What’s the reason for failure? There are the usual reasons like raising too much money too soon, or poor product/market fit, or being out competed. Then there’s the favorable statistic showing that serial entrepreneurs are more likely to succeed in future businesses.

Sam Solakyan

But perhaps these “hard” and economic inputs are too obvious by now. There’s more insight to be gained if we get more granular and hidden. This means looking inside the individual mind and brain of a person. That’s right, recent evidence is finding that entrepreneurial success is linked to a host of different “soft” personality-like factors. Things like patience, grit, perseverance, the ability to listen and learn from others, mentoring skill-sets, and so on.

The hard wiring of entrepreneurship
Here’s the exciting bit. In very recent years, leading personality psychologists have been able to systematically uncover a common personality signature of entrepreneurship. The entrepreneurial personality profile is a constellation of traits that has been shown to predispose a person to entrepreneurship. And not just this. The signature profile also increases the likelihood of actual long-term success and growth as a founder.

This work draws on the Five-Factor Theory of Personality, or the Big Five, which says that any human personality is a combination of five core traits. Think OCEAN: Openness, Conscientiousness, Extroversion, Agreeableness, and Neurotic ism. The assessment is the most widely used tool for investigating personality and has been validated hundreds of times in multiple cultures all over the world.

For More Information:- Nick Hobson

Sam Solakyan: A Complete Biography

Sam Solakyan – An American Entrepreneur, Philanthropist, CEO and Founder of S3 Capital, Inc. From his early days, he has a strong persistence for the entrepreneurial world that made him stand out from the crowd, today.  

Education

Solakyan began his educational career in business management. After completion, he stepped into Master of Business Administration for enlightening his management skills from the University of George, Washington.

Business Career

Begin his business career path in the medical technology industry by starting Modern Radiology (later sold to a nationwide company) and Global Healthcare Solutions. Through Global Holdings, Inc. he establish and maintain different medical technology companies.

With his innate ability to stay ahead in the business world, he take Global Holdings, Inc. on a successful path competing other medical development companies, providing superior healthcare worldwide by synergistically combining the latest medical research with state-of-the-art technology.

Global Holdings, Inc.

Global Holdings, Inc is a privately held, a multi-faceted company acquiring, managing, and evolving business in a variety of sectors. Under his leadership and direction, Global Healthcare Solutions is paving the way for further progressions in medical technology that in turn benefit their current and future clients. Furthermore, the company has expanded from Healthcare Development to other businesses including – Technology, 

Entertainment and Medical Engineering.

Since 2003, Global Holdings, Inc. has promptly expanded to include four thriving companies in the medical field:

·          

• Paramount Management Services, a direct medical-legal billing and collection service for physicians.

•     Global Pharmaceuticals, providing professionally directed drug-dispensing programs, education, and monitoring tools for clinics, physicians, and urgent care facilities.

•      Vital Imaging is a medical diagnostic company that mainly focus on stand-up MRI technology. With the primary focus on MRI technology, it allows patients to be scanned in a position where they feel comfortable. More importantly, it enables physicians to place the patient in positions that pressures on the parts of the body that may be injured or causes pain.

• ·   Vital Medical Services, offering on-site diagnostics to assist law enforcement. Transporting suspects who sustained an injury to the hospital is a costly and risk-filled procedure that can be avoided with the help of VMS. To anticipate and respond to the needs of government entities, it provides medical professionals with services on location.

S3 Capital, Inc.

S3 Capital is a private equity firm that helps business owners to overcome barriers on their path toward success. S3 Capital has consistently created value for a wide range of situations, especially with entrepreneurial activities.

BOARDS & COMMITTEES

Corporate Boards

Chairman & CEO        S3 Capital, Inc.

Chairman & Advisor              Beyond VIP

Non-Profit Boards

Member, Board of Directors       Sheriff's Youth Foundation

Member, Board of Directors       National Center for Missing & Exploited Children

Member, Board of Directors       Covenant House California Inc.

Member, Board of Governors    Providence Saint Joseph Foundation

Charitable and Community

Along with his entrepreneurial skills, Mr. Sam Solakyan bears a strong passion for assisting and caring for all children and women of the nation, especially within Los Angeles area. His philanthropic efforts are focused on the 3 Pillars which he honors the most;

• Support peace officers and Law enforcement as the mainstay of our nation        

•  Recognize the Vital inevitability of a healthcare system which aids every member of our community

•       Violence against children worldwide in the form of human trafficking, slavery, and poverty.

 

Benefits of Equity Crowd Funding by Sam Solakyan

Are you with certain confusion such that you not able to differentiate the benefits of equity that you can consider while going for the long term? Then for the first time Sam Solakyan a renowned entrepreneur and a philanthropist with more than 40 decades of experience, has tried to come up with certain benefits that are related to equity firms.

Given below are few points provided by him that help you to know the benefits of equity crowd funding: 

Storytelling with a single link

 

It has been way the long time when you have to create the entire story for personal business for equity. But now an entire capital could be raised with the single link and in this manner companies maintain the profile, access founder’s profile, and create engaging videos. Along with this use diligence tool that could digest in a single and thereby totally disappear the days of attaching heavy emails and conducting lengthy phone calls.    

Pending complaint

Equity helps to manage protection for both investors as well as startups by assuring the process more streamlined and affordable. As each time the capital raising process and regulation surrounding offering private startup that is difficult to navigate. The entrepreneur goes unnoticed to many mistakes because of their private transaction.

Flawless transaction from starting till ending

According to Sam Solakyan during early days till the time JOBS Act has implemented the entrepreneurs were banned from discussing capital raising with strangers. Due to this entrepreneurs and investors were forced to be limited to a personal network and the geographical approach was quite narrow. But as soon as the internet increasingly shared information that has enabled to access the investment by the investors that they have previously missed.    

Spanning far and wide

There was a time when from launching to closing the capital raising process was considered as extremely chaotic with limitless emails, incorrect forms, and attachments that were all essential culminating expensive legal work. But with the introduction of internet investors capital raises have being used online to make the whole process seamless.

Missionary, investor, and Customers

Last but not the least entrepreneurs in past had to chase down investors, missionaries, and marketers separately, with very few overlap. As it was difficult and time-consuming to identify and capture targeted customers and along with this asking friend for help is another thing and sourcing funds from rich uncles and established professional is the totally different thing.

These were four benefits of raising capital by online equity provided by Sam Solakyan that could help you to raise future asset in the better manner.