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What Small Business Owners Should Know Before Applying for Business Funding?

Growing any business – small or big – requires time and dedication. If you are a small business owner; you are likely to face more obstacles to your growth such as lack of finances or difficulty obtaining loans. Big businesses secure loans easily as compared to small businesses. But there are lenders who are making it possible for small businesses to thrive by providing them with easy financing options.

If you are a small business owner, here are the things to know before applying for business funding.

It is important to be clear about your financing needs.

Before applying for a loan, it is ideal to sit and clearly specify your funding requirements. Oftentimes; in the hurry to get the funding for something specific (such as equipment), it is very likely that you miss out on a long-term financing plan. Perhaps a larger amount would have made more sense rather than what you requested from the lender.

Evaluate the amount you actually need versus the amount you think you need. Assess if loan is really necessary for your business. As a small business owner, you cannot take unnecessary risks that would increase your expenses.

It is extremely important that you find a reliable lender.

Not every lender you find may be right for you. Before you apply for funds from the first lender you find online, find the necessary details about them. You need to ascertain if the lender is credible or not.

Use location-based online searches to find local lenders. For instance, small business funding Charlotte NC is a good way to find lenders for your small business in the specified city.

Now, check the websites of small business financing companies. Details to find –

– Contact information

– Application process

– Funding requirements

– Special offers

– Timeline for funding

If you don’t find these details on the website, the company may not be credible.

For instance, after you submit your application, it mustn’t take more than a day or two for the lender to get back to you. They should then explain to you about the deals available for you. Once you choose to go ahead, the approval notice shouldn’t take more than a day.

For small businesses, time is of the essence. You may lose out on a deal if you can’t secure funding for equipment you need for it on time.

You need to read the fine print.

Read the information on the websites carefully. If you have any queries, contact the lender and inquire about it. If you don’t get proper responses, the lender may not be reliable.

Clearly see if there are no loopholes in the financing application. As a small business owner, you cannot take risks of doing business with lenders who are not on your side.

If your business requires urgent funding, there are lenders that can take advantage of your situation and charge a higher interest rate than usual. So, take some time and read what happens if you miss a payment. Essentially; be extra careful when dealing with business financing and a lender.

You need to look for the best deals.

Many lenders offer special deals for their local businesses or veterans. For instance, if you search online using small business funding in Charlotte NC, you may find lenders that are considerate about startups, businesses without any credit history, or the need for discounts. Some lenders offer discounts for veterans or local businesses; others offer loyalty programs. There may be lenders who may offer all the above deals.

Utilize the best deals available for your business and get your funding sorted in the best way possible.

It is important that you choose the right lender.

It cannot be emphasized more – as a small business owner; you need to only choose a reliable lender that is right for you.

Perhaps you need financing for used equipment only. In that case; your lender must have this option available. If you don’t have a credit history, the right lender for you will offer you funding despite it.

Keep these things in mind when you apply for business funding. Be extra diligent in finding the right lender.

GB1

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How Often Should Commercial Dryer Vents be cleaned?

Laundry is one of the household cleaning tasks that everyone has to do. Some people find it enjoyable and therapeutic, while others procrastinate doing the laundry till the last moment. However, the smell of fresh linen pleases everyone. Whichever the case is, maintaining and cleaning your dryer vents is crucial to make them last longer, especially for laundromats. Commercial dryer vent cleaning is an essential part of keeping equipment running efficiently and preventing fires.

Commercial facilities and organizations use dryers more frequently. As a result, they are collecting a lot of lint and debris. Commercial Dryer vent cleaning removes excessive lint and dust that increases the dryer’s efficiency and performance. Cleaning your commercial dryers will keep your utility bills in check too.

Why Do We Need to Clean Commercial Dryers?

Keeping the dryer lint trap and vent clean will make sure that clothes are dried quickly because it allows hot air to circulate and exhaust properly. It will enhance the performance and longevity of your dryer. Routine cleaning can stop unnecessary energy wastage due to overworking machines. Other than efficiency, this vital step will prevent dryer fires.

Difference between Residential and Commercial Dryer Vents

The major difference between the two kinds of vents is the location of the dryer vent. The dryer is located towards the inside of the building and away from the wall in commercial settings. The vent line is typically longer than in family homes.

Residential dryer vents are shorter and do not have any twists and turns, usually. Instead, the vent line goes in a straight path through the wall. The differences prove that commercial dryer vent cleaning requires more professional help than residential dryer vents because of its complexity. Single-family homes require annual cleaning, while commercial settings should get it cleaned at least twice a year.

A few examples of commercial settings that use commercial clothing dryers include spas, pet groomers, hotels, hospitals, fitness centers, laundromats, and senior homes.

Let’s look at a few signs that may indicate your machine needs a commercial dryer vent cleaning.

Signs That Show Your Dryer is Clogged

• The clothes remain damp even after the cycle end. People may require two or three cycles to dry the load completely. This is an outcome of poor airflow due to the clogged dryer vent line. As a result, the dryer accumulates a significant amount of lint that ultimately leads to dryer fires. Lint build-up is highly flammable, and all it needs is one spark.

• It’s always recommended to place a smoke detector in the laundry room to check for warning signs for potential commercial dryer fires. Plus, when the dryer machine is malfunctioning, water leakage can be seen around the dryer.

• The dryer will start overheating, and people may smell a burnt odor and observe smoke coming out of it. The overheating can suddenly turn into a fire. That’s because the vent line is obstructed with lint and dust. Overheating is the reason for energy waste and high electricity bills.

• The dryer may overheat and shut off in the middle of a cycle. This is a safety feature to prevent fires.

Few Tips to Prevent Lint Build-up

. Switch to a liquid softener instead of dryer sheets

. Allow the dryer to cool between each load

. Clean the lint trap vent after every load

Professional Commercial Dryer Vent Cleaning

Every dryer machine needs routine maintenance and lint removal to work efficiently. The process of cleaning is messy and can be time consuming for commercial units. It’s best left to the professionals. A trained and reputable contractors can take care of commercial dryer vent cleaning. They are experienced and have special tools to handle machines and venting of all sizes.

Professional dryer vent cleaners begin by inspecting the location and ductwork to find any immediate concerns. After confirming that it’s safe to proceed further, they take out their unique supplies and equipment to remove lint accumulations. The final step is a deep cleaning to ensure all vents are thoroughly cleared.

Accidents are out of our control. But as a business owner, you can minimize the risk of dryer fires by having a routine commercial dryer vent cleaning plan. Clean dryer vents can reduce potential fire hazards and increase the dryer’s efficiency and power. Shorter dryer cycles will cause less wear and tear to your machines.

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How to Choose the Best Business Writing Course

To begin with, let us understand how business writing is different from other styles of writing.

Business writing entails the use of highly formal language. This style of writing is also very structured. Whether it is an email, report, or article, writers are required to stick to a particular format.

Secondly, there is no room for elaborate prose in business writing. Once you enroll for courses in business writing, you will become acquainted with the emphasis given on concisely presenting concepts, without the fluff.

Lastly, like every style of writing, business writing has its own jargon and grammar that you must acquaint yourself with.

There are many types of business writing. They include the following.

1. Instructional

This type of writing provides readers with accurate and concise information that they can follow. It might include writing steps to complete a task or solve a problem. You might use or sample instructional business writing in memos, user manuals, and product or design specifications.

2. Informational

This type of writing offers information to readers, which they can refer to and make informed decisions with. Business reports, financial statements, and meeting minutes are examples of informational business writing.

3. Transactional

This type of writing refers to the routine communication held among employees. Professional emails, letters, direct messages, and invoices all fall under this category of business writing.

Moving on to the glaring question, how do you choose the best business writing course?

Free or paid?

When you search for courses in business writing, you will find both free and paid online courses. Choosing between the two depends on your means and your areas of weakness.

While a free course may not be as intensive, immersive, or thorough, it could prove useful if you are only beginning and want to understand the basic principles of writing.

Correlate course content with your strengths and weakness.

No matter whether you are looking at a free or a paid course, it is always wise to read the course content carefully. You can then correlate the content that is being taught to what you wish to learn. If it is a match, then you can consider going ahead.

In addition, you must remember that effective business communication is not restricted to one skill (writing). It is a curious amalgamation of knowing and honing different crafts, such as grammar, editing, proofreading, formal language, persuasive writing, paragraph structuring, and the like. With this in mind, you can look at courses in business writing that offer a wholesome course outline, as opposed to restricting it to the principles of writing.

Alternatively, depending on the type of writing you use more frequently, you can focus on courses that cover the art of writing resumes, emails, cover letters, and so on.

Furthermore, you can take an objective look at your previous business writing samples or ask a trustworthy instructor to grade your skills and identify your weakest areas.

For instance, your grammatical and spelling prowess may be superlative, but you may need to master the art of writing formally. Identifying your strengths and weaknesses is a crucial step that promises to help you get the most out of any business writing course.

Lastly, do check the qualifications or publications of the instructors helming the business writing course you are interested in. Ideally, they should have a Masters or a Doctorate specific to business writing with literature publications to support their qualifications.

Reviews of other students who have attended the course you are interested in are also a great help in knowing more about how people have benefitted from the course, in their professional careers.

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