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                                           A Home-Based Business Online


                                                     May 14

                                             Sent to 9,583 Subscribers

                                                 Editor: Elena Fawkner
                                           Publisher: AHBBO Publishing
                                            Contact By Email

                                                  IN THIS ISSUE

        1.      Welcome and Update from Elena
        2.      Home-Based Business Idea of the Week - Antiques and
        3.      Feature Article - Financing Your Home Business
        4.      Tips for Newbies
        5.      Subscription Management
        7.      Contact Information

        1.      Welcome and Update from Elena

        Hello again and a warm welcome to all the new subscribers who
        have joined us since the last issue!

        A belated happy mother's day to all of you moms and mums
        out there.  Hope you had a great day.

        This week's article is in response to an email I received during
        the past week from a subscriber asking for information about
        how to obtain financing for a small business.  "Financing Your
        Home Business" canvasses the options, including Small
        Business Administration loans, angel investors, grants and
        venture capital as well as home-grown sources such as good
        old Uncle Jack.

        Also, for those of you who enjoyed Amy Shellhase's Reviewz
        column which used to run in AHBBO will be pleased to hear that
        she's baaaack ... look out for the return of Amy's column in
        upcoming issues of AHBBO.

        As always, thanks for reading and I hope you enjoy this week's

        Remember, this ezine is for YOU!  If you have comments or
        suggestions for topics you would like to see addressed, or would
        just like to share your experiences with other subscribers, I want
        to hear from you!  Please send comments, questions and stories
        to Contact By Email .

        2.      Home-Based Business Idea of the Week - Antiques and

        Are you passionate and knowledgeable about antiques and/or
        collectibles? If so, this idea may be right up your alley.

        An antique/collectibles finder ... well ... finds antiques and
        collectibles. And then sells them. There's any number of
        purchasers you can target with your finds including antique
        shops and interior decorators as well as individuals looking for
        pieces of their homes. You WILL need to know your stuff though.

        Your search for antiques for resale will involve frequenting not
        only other businesses that sell antiques but also scouring flea
        markets and garage sales. Many a jewel has been mistaken for
        rubble. And don't forget deceased estates. Check your local
        newspaper for advertisements for these types of sales and

        You could also extend your scope of operations by accepting
        assignments from dealers and decorators to find specific pieces.

        And don't just confine your search to your own backyard. You
        can specialize in, say, Chinese or French antiques and make
        buying trips to China or France (or wherever) two or three times
        a year.   This can be particularly lucrative if you're based in the
        U.S. because of the strength of the U.S. dollar compared to
        many other world currencies.  You can buy in local currency
        which may well convert back to a very reasonable price

        Useful Books:

        Garage Sale and Flea Market Annual: Cashing in on Today's
        Lucrative Collectibles Market
        by Sharon and Bob Huxford

        Trash or Treasure Guide For Buyers: How and Where to Easily
        Sell Collectibles, Antiques and Other Treasures Found around
        Your House and Neighborhood
        by Tony Hyman

        How to Make $20,000 a Year in Antiques and Collectibles without
        Leaving Your Job
        by Bruce Johnson

        Money from Antiques
        by Milan Vesely


        There are many more ideas like this at the AHBBO Home
        Business Ideas page at free home based business ideas
        with more being added all the time.

        3.      Feature Article - Financing Your Home Business

        © 2013 Elena Fawkner

        So, you have a great idea for a business and, more importantly,
        the know-how to bring it into creation.  The only thing you're
        missing is the cold hard cash to get started.  What are your

        Assuming you don't have a ready line of credit, an expansive
        bank manager, wealthy relatives or a substantial stash of
        retirement savings you're willing to risk,  you're going to have to
        do some serious homework and legwork.  Fortunately, there
        are a number of sources of finance for the fledgling small business
        entrepreneur, at least one of which may be right for you.

        SBA LOANS

        Available only to U.S.-based businesses (but look for similar
        programs in your own country if you're outside the U.S.), the SBA
        (the U.S. Small Business Administration) has assisted thousands
        of entrepreneurs start their own small businesses.  The SBA
        doesn't issue grants (money you don't have to pay back) or make
        loans directly, rather, it guarantees loans made by private lenders
        thereby reducing or eliminating the risk inherent in new business
        ventures and making lenders more willing to lend.

        The primary consideration for the SBA is repayment ability from the
        cashflow of the business as well as "good character, management
        capability, collateral and owner's equity".  You will be expected to
        personally guarantee your loan.  This means your personal assets
        are at risk.

        As for the types of businesses eligible for SBA loans, the SBA
        imposes the following criteria: the business must be "for-profit" (all
        that means is that your business has a profit motive, not that it 
        has actually generated a profit yet), be engaged in business in the
        United States, there must be "reasonable" owner equity (what's
        reasonable will depend on the circumstances) and you are expected
        to use alternative financial resources first, including your own assets
        where practicable.

        The SBA also imposes limitations on the use of loan proceeds. 
        For example, although the proceeds can be used for most business
        purposes (the examples given by the SBA include "the purchase of
        real estate to house the business operations; construction,
        renovation or leasehold improvements; acquisition of furniture,
        fixtures, machinery and equipment; purchase of inventory; and
        working capital"), you can't use the loan proceeds for financing
        floor plan needs, to pay existing debt, to make payments to the
        business owners or to pay delinquent taxes etc.

        As a general rule, loans for working capital must be repaid within
        seven years and loans for fixed assets must be paid for by the
        end of the economic life of the assets (but not to exceed 25

        Interest rates are negotiated between the borrower and the lender
        but the SBA imposes maxima which are pegged to the Prime

        Finally, the SBA charges lenders a guaranty and servicing fee for
        each loan approved, and there is nothing preventing the lender
        oncharging these fees to the borrower.  The guaranty fee for a loan
        of $150,000 or less is 2% of the guaranteed amount; over $150,000
        but below $700,000, it's 3% and above $700,000 it's 3.5%.  The
        annual servicing fee is 0.5% which is calculated on the then-current
        loan balance.

        Where the borrower meets the SBA's credit and eligibility
        requirements, it will guarantee up to $85% of loans $150,000 and
        less and up to 75% of loans above that amount (up to a maximum
        of $1,000,000).

        For more information about the various SBA loan programs, visit
        the SBA website at  http://www.sba.gov.


        At present, there are no U.S. government grants offered for small
        business.  If you're outside the U.S. check with your own
        government about the availability of small business grants.  You
        never know! 

        Various corporate grantmakers make grants available for small
        business though.   For more information, visit
        http://www.fdncenter.org/funders/grantmaker/index.html .


        Angel investors are good souls with a healthy sense of self-interest. 
        Figuring they can get a higher return if they're prepared to take a
        bit of a risk, they're also often successful entrepreneurs themselves
        and want to give their fellow travellers a hand up.

        Think of funding from an angel investor as a bridge or gap-filler
        between being a start-up and qualifying for venture capital.  The
        kinds of dollars we're talking about here are between about
        $150,000 and $1.5 million.  Beyond that point you're in low
        venture-capital territory.

        The SBA estimates that there are around 250,000 angels in the
        U.S., funding about 30,000 companies a year.  So, how do you
        hook up with one?  Not an easy task, unfortunately.  It comes
        down to networking.  Start by talking to professional and business
        associates - they will often know someone who knows someone
        etc..  Also, check out ACE-net if you're prepared to sell a security
        interest in your company.  It's an internet-based listing service for
        securities offerings of small, growing companies.  The website is
        at .


        you're in the big leagues now.  Generally you're in the ballpark
        of millions (of dollars that is) rather than thousands.  Venture
        capital firms look for their return on investment from capital
        appreciation rather than interest (unlike banks, for example). 
        They're generally looking for a return of 500-1,000% on exit.

        It won't surprise you to learn that venture capitalists are particularly
        leery of internet-based businesses right about now and not
        surprising.  It also serves them right.  But if you have a solid
        business plan and strong growth potential, this could be an option
        for you longer term.

        One of the common concerns about this form of financing, however,
        is that you may have to part with an unacceptable amount of
        control over your own business.  In return for their risk, venture
        capital firms will usually want some control over how the business
        is run and a say in business decisions.  A venture capitalist will
        expect a seat on the board, for example.

        It's important to remember, though, that it's in the venture
        capitalist's best interests for your business to succeed, so giving
        up some control in exchange for outside expertise may well be
        something worth thinking about.

        To find venture capitalists, get a hold of "Pratt's Guide to Venture
        Capital Sources" for a listing of 1,500 or so including names,
        contact details and areas of interest.  Of course, you'll find no
        shortage of information online as well.

        For most readers of this article, your best bet would be to start
        out by investigating the various loan programs offered via the SBA
        (or your country's local equivalent).  But don't overlook more
        obvious, close to home sources first.  If you have family funds at
        your disposal (for example) and you're confident that your
        business will succeed (and unless you're confident about that, don't
        get into debt with *anyone*, let alone family members), better to
        start out slow and ease into outside sources of financing as your
        business (and, more importantly, your business's cashflow) can
        support it.  After all, Uncle Jack is much more likely to be
        understanding about the occasional cashflow crunch than Uncle


        ** Reprinting of this article is welcome! **

        This article may be freely reproduced provided that: (1) you
        include the following resource box; and (2) you only mail to a
        100% opt-in list.  (Articles are no longer being made available
        via autoresponder due to large numbers of bounced mails due
        to full mailboxes.)

        Here's the resource box to use if reprinting this article:


        Elena Fawkner is editor of A Home-Based Business Online ...
        practical home business ideas for the work-from-home

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        4.      Tips for Newbies

        Are you worried about cookies? Don't have enough milk to
        go with them? Okay, short of making a trip to the grocery
        for more milk, here's how to ensure nobody sees your cookies.
        The cookies.txt file is where 'cookies' from websites are
        stored. Make this file a 'read only' file, and leave your
        browser set to accept cookies. Just search your hard drive
        (press F3 after clicking once on the dekstop--F3 brings up
        the Search window) for 'cookies.txt', right click on the
        file that's found, and be sure the 'Read Only'box has a
        check mark in it. Your browser will accept cookies, but
        the site that planted the cookie won't be able to read it.
        Not sure WHY you would want to do this, but, if you're
        into paranoia, it probably doesn't matter. "Just do it."


        Tips by Tom Glander and Joe Robson of The Newbie
        Club. The best Newbie Site ever to hit the Web.

        5. Subscription Management


        To SUBSCRIBE to this Newsletter:
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        If you find this newsletter valuable, please forward it
        in its entirety to your friends, family and associates!

        7. Contact Information

        Elena Fawkner, Editor
        A Home-Based Business Online
        Contact By Email

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