Mogul Synergy

19/06/2023

So after a surge of inquires on whether or not we were going to do a Juneteenth Promo we decided to put the most amazing offer ever together for my solopreneurs & small business owners to get there business systems in order. Head over to https://synergytoc.com/special if you are looking to 2x 3x 5x even 10x your revenue all while having more time to yourself to do the things you love.

We're Giving You Over $40,000.00 in our best products, tools and templates for a fraction of the normal cost.

26/11/2021

Support your community and shop local...

'Tis the season...to ! 🛍️

Shop at local, independent businesses this 𝗦𝗮𝘁𝘂𝗿𝗱𝗮𝘆, 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟳 and throughout the holidays to show support for those who create jobs and contribute to your community.

👉 Learn more: https://www.sba.gov/saturday

11/02/2021

Most business owners try to first apply for financing at their bank but according to the Department of Revenue, only about 1.1% of all business funding comes from conventional banks such as SBA loans. Your bank can help you with credit lines and loans, but you MUST have financials and good credit for approval.
Google “SBA loan approval checklist” to find this page https://www.sba.gov/content/business-loan-checklist. This list is all that you will need for conventional loan approval.

Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business.

11/02/2021

Your bank rating is mostly based on the amount of money you keep in your bank account over the last 90 days. High 5, account balance of $70,000-99,999, Mid 5, account balance of $40,000-69,999, Low 5, balance of $10,000-39,000, High 4, 7,000-9,999, Mid 4, 4,000-6,999 and Low 4, 1,000-3,999.

11/02/2021

SBA loans, conventional loans, most other long term loans, and credit lines do require good personal credit for approval in most cases. Collateral and asset type based financing doesn’t care about personal credit as much. This is if financing only looks at collateral for approval, not financing where collateral is required for approval.

11/02/2021

Some lenders, such as advance lenders, don’t need collateral. It still helps them feel more secure in lending you money if you do have assets to show. Many things can work as collateral such as 401k and stocks, real estate, inventory and equipment, purchase orders and receivables, and other items that are easy for a lender to sell and get their money back in case of default.

11/02/2021

In addition to providing information for screening in the areas of employment, health care, insurance, and other key areas, LexisNexis is also the primary source through which the credit bureaus obtain and verify public records. LexisNexis obtains public record information electronically through PACER, and also has field workers who input data directly from courthouse records.