Ronis Gracie

A serial entrepreneur experienced with building several small companies from the ground up and consulting for many others, Ronis understands the finer points of small business financing. He’s passionate about small business & is committed to simplifying small business lending for others.

Posts by Ronis Gracie:

by Ronis Gracie on November 7, 2016

9 Gmail Plugins and Accessories Your Business Needs Now

Isn’t it hard to believe that you or your business ever survived without email? These days, you rely on it more than you do virtually anything else. It makes many of your daily work-related tasks so much easier; like communicating with staff, sharing discounts with customers, and collaborating with partners. Despite the speed at which other technology develops, your email inbox is likely to remain an essential business fixture for a long time. Take advantage of these additional inbox tools to ramp up your communication to the next level: Boomerang With all that you have going on in your work life, it’s no wonder you drop the ball once in a while! Keep these incidences to a minimum with Boomerang. This third-party Gmail plugin enables you to leave the scheduling and follow-up reminders in its capable, virtual hands. With Boomerang, you're much less likely to forget to follow up and your scheduling will…

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by Ronis Gracie on May 18, 2017

Loan Approval Rates Have Hit New Highs – The Time to Apply Is Now

Anxious about your loan approval? Don't be. If you are a small business owner in need of cash, you have many options in today’s lending market. Because the small business lending climate is constantly changing, it's in your best interest to keep an eye on what’s hot. At the moment, loan approval rates are on FIRE. It's the perfect time to look into getting a small business loan. Why are small business loan approval rates traditionally low? In the past, big banks were the only source of loans for businesses, but smaller businesses were often left out of the party. Since small businesses need to borrow so little, banks didn't see much profit. And with small business loan approval rates so low, aspiring entrepreneurs had few options. It's only natural that the financial environment adjusted to give micro-businesses the financial support they need. In particular, SBA loans supported by the Small Business…

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by Ronis Gracie on March 1, 2016

5 Ways to Boost Your Loan Application Now

Obtaining a needed business loan from banks or other financial institutions is not really rocket science. Simply put, lenders are looking at the potential return on investment in your business and the level of risk you represent as a borrower. If you have any reservations, follow the guidelines below to boost your ability of getting approved for a loan: 1. Know Your Assets In time, most business operations will have to generate or accumulate a certain amount of assets. This could include physical property, financial assets, intangibles or cash. A lender is sure to take a long look at your company assets, and you should be prepared for that. If you are not able to repay your loan, the lender will want to know that your company has enough assets to balance out the loan. They will also want to know about any other loans that you may have. In the case of…

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by Ronis Gracie on February 26, 2016

How to Improve Cash Flow in Your Business

At some point or another, every business owner needs to work on improving cash flow. The reason is simple: without proper management of cash, business operations can't continue without problems. Here we'll share tips for improving cash flow that every professional business owner must know: Pro Tip: Get cash from customers as soon as it's viable. First of all, prepare correct invoices - making mistakes will only delay payment as customers are likely to question them. Also, send your invoices on time because the longer you wait, the later your payment will arrive. Keep in mind, if you just can't wait for customers to pay, you can always take out an invoice financing loan against the value of your outstanding invoices. In addition, you may consider asking customers for a deposit up front, rather than relying on 100% payment later. This may be more appropriate for some types of businesses than others,…

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by Ronis Gracie on February 24, 2016

How Proper Cash Flow Management and Consistency Leads to Success

Without liquid assets or a merchant cash advance loan, a small business will have a hard time getting off the ground floor. If a company plans to make it through their first year in business, the owner needs to master the art of securing and managing capital. Cash Flow Management - Make Predictions and Learn to Control your Funds To manage cash flow effectively, you need to be realistic about the current state of your business. This is the only way to make plans that are attainable and affordable enough to subsidize. Every business has slow periods and prosperous moments, so you should seriously consider this dynamic when making forecasts. With pragmatism, you can make an accurate analysis of your sales and expenses over a 12 month period. You will need an exclusive account for your business before you track your progress. Most new entrepreneurs will put the income from…

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by Ronis Gracie on February 23, 2016

Recruiting Top Talent Without Breaking the Bank

One challenge business owners may face is attracting talented employees when they do not have much money to spend. The key is to convince potential employees that other benefits outweigh the fact that they may not be offered as high a salary as they would receive in other workplaces. Know What Makes Your Business Great Before you can convince someone else of the value of working for you for less, you need to be able to articulate what makes your business a great one. You can talk to others that you work with about what makes your company great and what they would want from a company. It is critical to understand that people will value different things. Above all, you must understand what your potential employee wants. A serious talk with the employee you are hoping to hire can give you the answers that you need. With a clear picture in…

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by Ronis Gracie on February 19, 2016

6 Investment Opportunities in 2017 for Small Business Owners

At some point, you may find yourself with enough profits to explore opportunities for further growth. On the other hand, maybe you've invested in a business line of credit with the hopes of expanding your business. Either way, the increase in working capital may have you wondering where you should invest your extra funds. Understandably, small business owners can become overwhelmed by the number of options available to re-invest their precious profits. In this article we take a look at a few investment opportunities for small businesses. 1. Promoting Your Business Online First of all, let's be clear: Smart investment in this category goes well beyond web page creation. Focusing on content strategy, social media marketing, SEO and analytics can increase your reach into new markets. Use digital tactics to expand awareness of your brand, promote brand loyalty, and expose prospects to your full array of product and service offerings. 2. Task Delegation As a…

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by Ronis Gracie on February 15, 2016

Liquidity – How to Measure Working Capital in Your Business

Liquidity comes into play when an otherwise profitable business runs into cash-flow problems. Even with high sales, it's possible for a company to be asset rich and cash poor. While the numbers on the books may look strong, waiting around for customers to pay can result in a cash-flow crisis. It is a fact of life and a common struggle for small business owners: Some clients will pay late. Worse yet, others will not pay at all! Measuring the liquidity of your business will be useful for you in finding a way to weather these conditions and avoid cash shortages. There are two measures of liquidity in commonly practice: Working Capital One measure is Working Capital. It's the difference between the Current Assets and the Current Liabilities as seen below: Working Capital = Current Assets - Current Liabilities In general, assets are something that a business owns. Current Assets are items that…

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by Ronis Gracie on February 27, 2017

Best Ways for Accessing Additional Working Capital

In order to survive, your business needs a constant supply of working capital. When it fails, you can be sure that your business will cease to operate normally. It could mean that materials cannot be ordered, employees are not paid, and invoices not taken care of. A fresh supply of working capital through a short term loan (a.k.a. a working capital loan) can re-invigorate your business and get it back on track. What is Working Capital? A short-term loan is designed to equip your business with more working capital. The goal is to enable your business to continue to operate and keep the lights on during a rough patch. Working capital is made up of current assets you have on hand, with current assets defined as those which can be converted to cash within 12 months. Subtract your liabilities from your current assets to measure working capital. An Example of Working Capital Let's say you're the proud owner…

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by Ronis Gracie on December 11, 2015

5 Great Reasons for Dentists to Get a Small Business Loan

When you need an influx of cash for your dental practice, you may be wondering about your options. Small business loans can be an excellent choice in a number of different situations. The following are five situations in which a small business loan can benefit you and your practice: Purchasing New Tools and Other Equipment If an important piece of your equipment breaks or you're looking to upgrade your tools, you're going to need to put down some serious cash. Many of these items are quite costly, often making it difficult for dentists like yourself to replace them as quickly as they need to. With the help of a small business loan, it becomes far easier to acquire the items you need in a timely fashion. Relocating or Remodeling Your Office If your lease is up and you're looking to relocate your practice or you're interested in remodeling your office…

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Ditch Your Banker: Find The Best Loans Through Alternative Lenders

by Eric Goldschein on May 25, 2017
The world of lending has shifted. No longer are banks the sole gatekeepers of capital, which is good news for… Read more

Business Owners: 5 Truths Your Banker Doesn’t Want You Knowing

by Jackie Lam on May 10, 2017
When looking for the best banks for small business loans, Bank of America and Wells Fargo may come to mind. However,… Read more

An Epic Guide to Business Credit Cards, Charge Cards, & Lines of Credit

by Eric Goldschein on February 2, 2017
If you’re a small business owner, you know how important it is to always have extra capital on hand so you… Read more

A Complete Declassified List of Tax-Exempt Fringe Benefits

by Amy Fontinelle on January 30, 2017
With all the uncertainty surrounding Trump's tax plan, tax saving tips for small business owners are as important as ever. Finding… Read more

Hero Companies Who Are Helping Small Businesses Succeed

by Caitlyn Rose on January 19, 2016
These are challenging times for small businesses. Luckily, however, the news isn’t all bad. Read on to learn about three… Read more

Bank Turn You Down For A Business Loan? Here’s How You Can Get Alternative Funding

by Caitlyn Rose on January 7, 2016
If you're like most small business owners, your first stop for financing needs might be your local bank. Unfortunately, the… Read more

Corporate Bylaws: Why Your Business Can’t Function Without Them

by Ronis Gracie on December 10, 2015
While “corporate bylaws” may sound like something that only giant companies need, the reality is that every corporation has to… Read more

An In-Depth Look at How Invoice Financing Works

by Ronis Gracie on November 30, 2015
As a business owner, you probably experience a multitude of small frustrations each day. But perhaps one of your biggest… Read more

Minorities, Women, and Veteran Business Owners – Get Extra Funding Here

by Ronis Gracie on May 15, 2017
Keeping a business afloat can certainly be a challenge, particularly during rocky economic times. No matter how poor sales may… Read more

Complete Business Funding Glossary – 2017 Edition

by Ronis Gracie on March 1, 2017
When you were a kid, you probably had a special group of friends who stayed together no matter what. You… Read more

A Complete Guide to Business Loans for Funding a Bar

by Ronis Gracie on January 16, 2017
One of the most exciting and rewarding types of businesses to operate is a bar. Whether you run a neighborhood… Read more

New Ways to Get Money Out of Your Business That You Might Not Have Thought Of

by Ronis Gracie on November 17, 2016
You have finally reached that milestone you have anticipated for so long: Your business is making a reliable profit. As… Read more

Infographic: The Rise of Marketplace Lenders

by Caitlyn Rose on January 12, 2016
Sooner or later, most small businesses will require an infusion of cash. The need might arise almost immediately during the… Read more

Bank Turn You Down For A Business Loan? Here’s How You Can Get Alternative Funding

by Caitlyn Rose on January 7, 2016
If you're like most small business owners, your first stop for financing needs might be your local bank. Unfortunately, the… Read more

5 Types of Grants For Women-Owned Businesses

by Caitlyn Rose on December 29, 2015
If you are a woman thinking about starting a small business, you are part of a growing trend. Since 1997,… Read more

Your First Small Business Loan: What You Need to Know

by Caitlyn Rose on December 16, 2015
When you set out to find the first loan for your small business, you’ll probably have many questions but few… Read more

Interest Rate versus APR: What You Need to Know to Price a Loan

by Ronis Gracie on December 8, 2015
Small business loan terminology is complex, and many of the terms are similar enough to be confusing. Two such phrases… Read more