EQUIFAX – 143 Million breached half the US population…ouch

We are a Corporate & Individual agency for LifeLock® Identity Theft Solutions  

Equifax with 143 million breached has created a national epidemic – and you will be 11 X more likely to have your identity stolen because of this. 

               How LifeLock Works 

 Give us a little information: birthdate, SSN, email, etc. 


We look for threats to your identity. 


We alert you of suspicious threats by text, email, or phone. 


If your identity is stolen, our U.S.-based team will work to fix it. 


We’ll reimburse funds stolen due to identity theft up to the limit of your plan. 

Our Million Dollar Protection™ Package 

Watch our 1 minute video https://youtu.be/yPrFsuTh-Vw  

As business you are a primary target, the average cost of a breach is around $100,000 per location! You need to add a level of protection that safeguards your employees, your business, and your clients. There are no hard costs to you the employer as it is a voluntary benefit-and IRS has approved as a non-taxable voluntary benefit. 

Our program offers a 15% discount (already built in the pricing on our website) 

We are SSL Certified-Malware Scanner-Google Blacklist-and McAfee protected. 


Frank J. Eberhart, CEP®, RFC®, Author 



Credit and small business…

Credit and small business 

I know some of this seems redundant from previous blogs I have done, but, it seems I need to repeat some of the highpoints (or low points depending on how you look at it). Here is short summary of what you need to get together.  

Remember this: Almost 90% of all bank loans get turned down. 

  1. Check your credit BEFORE you apply. Places like www.creditchecktotal.com  will give you all 3 bureaus. 
  1. CORRECT or explain anything that is negative.  
  1. Create a marketing and game plan (in writing to present) 
  1. Create a BUDGET  
  1. Complete a PFS (personal financial statement) 
  1. 3 years business and tax returns 
  1. 3 years personal tax returns 
  1. Profit and loss statement 
  1. Cash flow is one of the primary things lenders look for-generally most lenders give around 20% of annual sales 
  1. List number of clients (lenders like lots of clients-low number of clients means high risk to a lender 
  1. Get your SBSS score (small business scoring service). You can get this at Nav.com  
  1. If you are looking for an SBA loan: the requirements are a  minimum score of 140, most lenders will NOT provide a loan if SBSS score is under 160. The range is 0-300 
  1. SBA loans are difficult to get and can be expensive and take up to 3 months or more to fund.  So, if you are in a hurry look elsewhere that is why we offer short and long-term loans. 
  1. Personal FICO score-0-840 most lenders want 650 
  1. D-UN-N-S number (Dun and Bradstreet-100 as the highest a score of 80 is good-free  
  1. Most secondary lenders (non-bank) have very short terms and require daily or weekly ACH payments form your bank 
  1. DO NOT apply at several banks or lenders at once or keep applying-every time you do this it pulls down your credit score-you will not get a loan. 
  1. Most lenders require a minimum of 3 – 6 months in business and do not do startups. 
  1. Have a website, subscribe to places like Yoast (SEO), Rankcrew.com for backlinks, make sure it is HTTPS (secure) you can have the greatest website but who cares if nobody can find it. 
  1. Have engaging content-you only have around 2 seconds or so for someone to keep looking or come back to your site (like this-a blog) 

The old bait & switch,” get approved in seconds and get funded in hours”- in lending instant gratification can cost you a lot of money. High interest, short terms, and not as much as they promised or even turned down after they actually pull your credit. 

We hope this helps you, our goal is always to help businesses and individuals who want to start a business. 

We have realistic lending programs from established to start ups-Lendingcapital is a national direct lending platform. 




We are SSL Certified,-Malware & Google Blacklist secured  

So..when is the best time to take out a loan?

It’s summertime and business is snoring. But you still have bills and employees to pay!

As you spend your marketing and reserve dollars to keep up with all the things you have to pay-WHY?

The time to get a business loan or line of credit is not when you go crawling to the lending institution out of desperation, the time is now to prepare your budget for the fall when business picks up again-BUDGET (my book: “the sexy little book of finance III”-on my website gives you 2 books in one-personal and business)? YES you need one and you should follow it.

In addition I wrote my book Seminar Sales & Marketing Techniques in 2002 (also on my website under mission), it is probably more relevant today than back then. To many phishing, emails, robo calls, and texting. One on one-setting up marketing and successful seminars to increase business.

Time and time again we see this scenario, and in most cases the results are generally not what people are not looking for. Most loans fund rather quickly depending on what type (a commercial mortgage can take up to 6 months to close). But, the average is still around 2 weeks to one month to fund a loan of any kind at least a loan you can live with for interest and terms.

One thing we do on our website is tell you about how long it will take to fund the loan, in addition we let you know terms, requirements, and payment frequency so you can see what fits your time schedule for funding.

Anyways, at that point you know what you need to do, so do it. The see if you qualify for any of our loans is free and does not affect your credit.

Be prepared-be informed-be funded

Fueling business dreams since 1996


our website is SSL certified, malware scanner protected and Google black list protected for your security.

Business lending made easy..lol

As an advocate for small to mid-size businesses (I am one) I give a word of caution when shopping for a loan. DO NOT shop 2 or 3 lending or credit institutions at once, every time you go they pull your credit and you get a “ding”.

  • Do your homework, Google can save you time and energy and money, shop on line for lenders who favor your type of business, i.e. best lenders for restaurants, machine shop, start up, poor credit etc. We actually do this for you with our vast pool of national lenders and partners.
  • Go to credit agencies where you can get a full and free credit report without “a ding”-like Credit karma (free). We will use this report to shop for you-without all the “dings”
  • Once you obtain your report see what you need to correct or challenge on any information in the report.
  • Have a game plan, why you need the money, how it will help grow your business, or start your business.
  • Correct BEFORE you apply, or at least have a reasonable explanation.
  • Find a lender who will initially accept the credit report you have provided to see if you can qualify with that lender. We do that with our 30 second app-we shop multiple lenders, in most subprime (non-bank) lenders once they turn you down that’s it.
  • Many lenders will have an on-line see if you qualify without affecting your credit (we do), it helps give you the direction for your next steps. The problem as stated above they are generally a single source self-funded group. So if they turn you down you need to start over-not good.
  • If you are generally under 5 years in business and walk into a bank, you are turned down before you even speak, and your officer of the month is probably still in training so …you know where that goes.
  • Make sure you have all your documentation in order (read our loan 101 on our website). Most get turned down because of paperwork. We underwrite our loans so we know what is missing and will help you obtain it. Plus, we know where to send the application, unlike most lenders we actually LOOK AT THE LOAN and YOU
  • Make sure you can actually pay back the loan, use our calculators to see what your payments and amortization schedule will be, adjust to meet your cash flow.

Simple steps to help you obtain the financing necessary for your business…oh, and read the fine print before you sign.

Fueling Business Dreams since 1996

Frank J. Eberhart, CEP® RFC® Author



 We have observed a new phishing campaign that began the morning of May 16. The email comes from ” dse@dousign.com with the subject “Legal acknowledgement for <person> Document is Ready for Signature” and it contains a link to a malicious, macro-enabled Word document. We suggest you do not open this email, but rather delete it immediately.

As always,  you should never click on any links in emails that you are not 100% sure about.

Check out our newly designed website: http://www.lendingcapital.net

2018 Inflation Adjusted Amounts for HSAs

The IRS released the inflation adjustments for health savings accounts (HSAs) and their accompanying high deductible health plans (HDHPs) effective for calendar year 2018. All limits increased from 2017 amounts. Annual Contribution Limitation For calendar year 2018, the limitation on deductions for an individual with self-only coverage under a high deductible health plan is $3,450. For calendar year 2018, the limitation on deductions for an individual with family coverage under a high deductible health plan is $6,900. High Deductible Health Plan For calendar year 2018, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,350 for self-only coverage or $2,700 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,650 for self-only coverage or $13,300 for family coverage. Non-calendar year plans: In cases where the HDHP renewal date is after the beginning of the calendar year (i.e., a fiscal year HDHP), any required changes to the annual deductible or out-of-pocket maximum may be implemented as of the next renewal date. Catch-Up Contribution Individuals who are age 55 or older and covered by a qualified high deductible health plan may make additional catch-up contributions each year until they enroll in Medicare. The additional contribution, as outlined by the statute, is $1,000 for 2009 and thereafter.

Veteran Advantage SBA Loan program

We don’t always realize or appreciate the important work many veterans assume after they leave military service. Many start small businesses, creating jobs and opportunities for their families as well as for others. In fact, just shy of 10% of all small businesses are owned by veterans and vets are 45% more likely to be self-employed than non-veterans. I know, I am a veteran

As a veteran, (I am a veteran) you may be eligible for reduced fees (as little as zero!) for one of these loans.

Under the Veterans Entrepreneurship Act of 2015, up-front guaranty fees for SBA Express loans approved on or after October 1, 2015 through September 30, 2016 are set to zero for qualified businesses owned by a veteran and/or the spouse of a veteran.

And under SBA Veterans Advantage, fees for many 7(a) loans (other than SBA Express) approved through September 30, 2016, are reduced by up to 50%. Specifically:

The up-front guaranty fee for 7(a) loans (other than SBA Express) of $150,001 up to and including $5,000,000 approved to qualified small businesses (see below) will be reduced by 50%, as follows:

  • For loans with a maturity in excess of 12 months:
  • For loans of $150,001 to $700,000: 1.5% of the guaranteed portion;
  • For loans of $700,001 to $5,000,000: 1.75% of the guaranteed portion up to $1,000,000 PLUS 1.875% of the guaranteed portion over $1,000,000;
  • For loans with a maturity of 12 months or less: 0.125% of the guaranteed portion.

These fee reductions are available to businesses that are at least 51% owned and controlled by one or more owners who are in the following groups:

  • Veterans (other than dishonorably discharged);
  • Service-Disabled Veterans;
  • Active Duty Military service member participating in the military’s Transition Assistance Program (TAP);
  • Reservists and National Guard members; or
  • Current spouse of any Veteran, Active Duty service member, or any Reservist or National Guard member;
  • or widowed spouse of a service member who died while in service or of a service connected disability.

What are the interest rates on these loans?

Interest rates may be fixed or variable, but they cannot exceed the rates allowed by the SBA. Because the SBA insures a significant portion of the loan, rates are often lower than those available elsewhere.

I am a vet and want to start a business. Where can I go for training and assistance?

A great place to start is with your Veteran’s Business Outreach Center. The mission of the VBOC is to “help create, develop, and retain veteran-owned small business enterprises.” VBOC’s provide training, counseling and mentoring and can help with creating a business plan, developing a feasibility study and more.

Your local Small Business Development Center is another terrific resource. And the SCORE Association, supported by the SBA, offers thousands of volunteers around the country who can help.

 I am a service disabled vet, and my credit isn’t perfect. Will that stop me from getting a loan?

Don’t automatically assume you can’t qualify. You will generally need a minimum FICO SBSS score of 140 to pass the initial screening for loans under $1 million, however, so it would be a good idea to check that score as soon as possible. Currently the only place to get this score is through Nav’s premium plus service.

What do I need to qualify for an SBA 7(a) loan?

There are some basic requirements that you—and any other owners with a 20% or greater ownership in the business—must meet to be eligible for an SBA loan.

  • You must operate (or plan to operate) a for-profit small business in the U.S or its territories.
  • You should have “skin the game.” By that, we mean lenders will want to see you have personally invested a reasonable amount in your business and tapped personal resources, if available.
  • The government doesn’t want to fund a business that hasn’t paid it back. In other words, you can’t be delinquent on other debts owed to the federal government such as federal taxes or federally guaranteed student loans. You also cannot have previously caused the federal government to incur a loss on a debt.
  • Your business can’t be in an industry that is not eligible for these types of loans, such as gambling or pyramid schemes. (Tip: Check that your SIC and/or NAICS codereported on your business credit reports is accurate. These codes categorize your business by industry.)
  • You won’t be eligible if you are currently incarcerated, on parole, on probation or a defendant in a criminal proceeding.

Do you qualify for an SBA loan? Check both your personal and business credit scores www.nav.com for your personal and FICO SBSS business score.  SBA requires a minimum SBSS score of 140, most lenders set the score at 160.

 Prepare Your Paperwork 

Gathering and preparing the documentation many lenders will want to review when you apply for your loan.can be challenging. The SBA lists the loan document requirements on its website, but here is a summary:

  • SBA Loan Application
  • Personal Background and Financial Statement
  • Business Financial Statements (Profit & Loss, 1-year projected financial statement)
  • Ownership & Affiliations
  • Business Certificate/License
  • Loan Application History
  • Income Tax Returns (3 years, personal and business)
  • Resumes for each principal of the business
  • Business Overview & History, including an explanation of how the loan will help the business
  • Business Lease (if applicable)
  • Purchase Information (if purchasing a business, additional information is required)

Getting a loan can be complicated, and most get turned down for lack of proper documentation or missing information not because you were not qualified. As a general rule, once you are turned down by one lender the chance of getting approved by another is very small.

At Lendingcapital we make all this easy, and have many approved preferred SBA lenders with our national reach.  We have the ability to submit to many lenders without effecting your credit or alerting that we are shopping the loan. Your chances of approval with us increased dramatically-so why not let us do the work for you and make sure your submittal package is correct the first time. Get approved today