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10% of the net profit will probably sink the business, unless it’s a service business that isn’t selling products. Most retail businesses are doing well to net 3-5%.
That said, usually, a repayment structure is principal and interest, or interest-only for a time.
Depending on cash-flow, the payments could be principal-only, with interest being accrued, to be repaid later. Lots of creative ways to structure that.
Newspaper is probably the worst possible place to run ads. I would put those dollars into Facebook and Google Ads. WAY more bang for the buck. Check out Steelhouse for a great solution for running those ads.
Usually, at least in the small business world, they charge by the hour, and a higher rate on nights and weekends.
Is the “forgot password” function not working?
Are you in the US? If so, your state probably doesn’t require a license, but your city might.
Your local business bank should offer an interim construction loan. I have done these with a local community bank before. Very simple. They will appraise the property with the assumption that repairs are made. You purchase the property for one sum, then make draws on the construction portion, and the bank sends inspectors to make sure the funds are going into the repairs. Works brilliantly!
I would average it out based on mileage used for personal vs business, not based solely on time.
What sort of deductions? If you 1031 exchange, you shouldn’t need writeoffs anyway.
The loan sharks do. I would avoid them at all cost. FundingCircle and Accion are fairly reasonable lenders.
Alas, no you can’t.
Depends on where you are located. In many places, no license is needed. Some cities may have such a requirement though.
If Google Plus were to make a strong comeback. 🙂
We are spending more and more with Google Ads.
No, they do not.
