Infinity Commercial Capital

There are a number of benefits that come along with takingadvantage of the 401(k) offered to you by the company you work for. After youleave the job, however, you might not be sure what to do with the funds fromthe 401(k) until they can be accessed. Luckily, there a handful of optionsavailable to you. One popular choice is a 401K rollover. This is a processwhere you take the funds and convert the 401(k) into an IRA. Look over thesebenefits to see if it is a good choice for you. Getting Started First, you might want to know why this is a beneficial move.While keeping your money in its existing 401(k) does keep it better protectedfrom creditors, there are several key advantages that come from putting thefunds into an IRA. For one, you’ll have a more diverse selection of investmentsavailable to you. Beyond this, an IRA also offers reduced fees and cheaperinvestments than is typically available with a 401(k). It is important for youto weigh out the pros and cons before you commit to the de...

If you have a business that is thriving but experiencingbumps in the road due to cash flow issues, it’s probably a good idea toconsider a credit line as an addition to your financial toolkit. They areseldom the only kind of financing a company needs, but they are alsoinvaluable, and most companies rely on them as cash management tools even whenthey don’t strictly require them. That’s because business lines of credit comewith features like interest grace periods, revolving balances, and flexiblepayment structures to help you get the most out of them. They can help extendyour ability to pay when you are waiting on invoices, but they can do a lotmore than that if you know how to use them. Revolving CreditLines and Financial Streamlining On top of the extension to your cash flow when you awaitpayment, credit lines can also provide you with the means to keep doingbusiness as usual during seasonally slow periods. It’s not uncommon forcompanies to have periods where the...

In the world of business, it can pay to work alongside someone you trust. Going it alone often means shouldering the full weight of responsibility that comes along with operating a company. This is why so many professionals decide to work with a business partner. If this is an idea you’ve been toying with, you might have a few questions on how to see the best results. Selecting the right person is no small task. Take a moment to consider these tips and see how you can find a partner you can collaborate with and grow with. Shared Values A big aspect of a successful business relationship is beingable to see where the other party is coming from. When you are going to beworking closely with someone on a regular basis, you want to be able tounderstand each other. This is a lot easier when you have similar values. Whileyou don’t need to search for a partner who believes all of the same things youdo, it can be helpful to work with a person who aligns with your businessvalues. This will create...

Most small businesses will often require some loan at some point in their lifecycle. However, borrowing business loans can be risky, and making the wrong decision can severely damage your venture. That’s why small businesses are advised to avoid some common mistakes when taking out SBA loans . Not Having Updated Financial Records It’s wise to make sure that you spend time on yourfinancials before applying for SBA loans. Your lender will require yourfinancial records to determine your ability to repay the loan. It’s advisableto avoid cooking figures for loan approval because the application may getdenied. Not Completing Your Business Plan A well-written business plan can place you ahead when looking for a small business loan. It’s imperative to complete your business plan before presenting it to small business loan lenders to increase your chances of approval. You may include sessions such as marketing plan, financials, mission statement, executive summary, and business concept. Incompl...

On March 31, 2020, the Department of Treasury (the “Department”) issued guidance on implementing the Paycheck Protection Program (PPP).  Very simply, I encourage all readers to go the attached link:  https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses  Within that site are four links including:  Top-line overview Guidance for lenders Guidance for borrowers The application banks are to use for the PPP Loan  Items of note:  Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. The Department encourages borrowers to apply as quickly as possible because there is a funding cap.  The Department  encourages borrowers to consult with their local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. The exclusion of employees compensated over $1...

We are all being impacted in one way or another by thecurrent COVID-19 (coronavirus) pandemic running around the world.  If you are running a business and you findthat the impact is more than the business can handle with its own resources,you should know about the resources available.  The Coronavirus Aid, Relief, and Economic Security Act (the “CARES” Act) was signed into law by President Trump on Friday, March 27,2020.   This act was an effort to provideassistance to individuals, businesses, and health care providers in response tothe outfall of the health pandemic and its economic consequences. The actual text of H.R. 748 can be found at the followinglink: https://www.congress.gov/bill/116th-congress/house-bill/748/text?q=%7B%22search%22%3A%5B%22hr748%22%5D%7D&r=1&s=2 There are many important provisions of the CARES Act,addressing matters such as unemployment, health care, and other matters.  The purpose of this article is to summarize capitalissues a...

If you’re looking to get new equipment for your business,there are a lot of ways to access the machines you need. While traditionalbusiness loans are widely understood, they aren’t the only game in town. Forsmall companies, they aren’t even usually the best deal you can get, and theycan have long application review periods. That being said, they’re popularbecause they have some great terms and they serve the companies they are madeto serve very well. Let’s talk first about how to get a traditional loan. When you apply for long-term financing for an assetpurchase, you typically deal with fixed interest rates and amortizing payments.The down payment has to be substantial, between 25 and 35% of the total cost iscommon. You also need to include financial disclosures and a business planhighlighting how your company works, what it currently does for business, andhow the new purchase is projected to help you expand your volume of business.That means explaining wha...