#Bad Credit Small Business Loan

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https://www.minds.com/advanceloanday/

My name is Joe and I work as a financial counsellor at AdvanceLoanDay. Being a financial advisor, I am proud of myself that I have dealt a lot of queries from different kinds of borrowers. I love cooking and travelling. In addition, I read finance books and crime fiction. I have an adorable Labrador I play with when I am feeling bored to death.

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Understanding Business Lines of Credit: How They Work and When to Use Them

In today's fast-paced business world, having access to flexible financing options is crucial for maintaining a smooth cash flow and seizing growth opportunities. One of the most versatile financing solutions available to businesses is a business line of credit. Unlike traditional loans, which provide a lump sum of money upfront, a business line of credit offers a revolving source of funds that you can draw from whenever you need it. By understanding how they work and when to use them, you can make informed financial decisions that will benefit your business in the long run. To explore your options, consider Greenbox Capital for business lines of credit tailored to various needs

What Is a Business Line of Credit?

A business line of credit is a flexible financing option that allows businesses to borrow funds as needed, up to a predetermined credit limit. It works similarly to a credit card but often with lower interest rates and more significant borrowing potential. Once approved, you can withdraw funds from your line of credit whenever your business requires financial support, such as covering operational expenses, purchasing inventory, or managing cash flow gaps.

How Does a Business Line of Credit Work?

A business line of credit functions on a revolving basis, meaning you only pay interest on the amount you borrow, not the entire credit limit. Here's a step-by-step breakdown of how it works:

Approval and Credit Limit: Once your business is approved for a line of credit, the lender will assign a credit limit based on your business's financial health, credit score, and revenue. This limit represents the maximum amount you can borrow at any given time.

Drawing Funds: You can draw funds from the line of credit whenever needed, up to your credit limit. The funds can be used for various purposes, such as covering unexpected expenses or taking advantage of growth opportunities.

Repayment: As you repay the borrowed amount, those funds become available again, allowing you to continue using the credit line as needed. This revolving nature makes it a flexible and ongoing financing solution.

Interest Charges: You only pay interest on the amount you borrow, not on the entire credit limit. This means that if you only use a portion of the available funds, your interest charges will be lower.

Types of Business Lines of Credit

There are two main types of business lines of credit: secured and unsecured. Each has its advantages and is suitable for different business needs.

1. Secured Business Line of Credit

A secured line of credit requires you to pledge collateral, such as inventory, equipment, or real estate, to secure the borrowed funds. Because the lender has an asset to fall back on in case of default, secured lines of credit often come with lower interest rates and higher credit limits.

Pros:

Lower interest rates

Higher credit limits

Easier approval for businesses with limited credit history

Cons:

Risk of losing collateral if you default

Lengthier application process due to collateral assessment

2. Unsecured Business Line of Credit

An unsecured line of credit does not require any collateral, making it an ideal option for businesses that prefer not to risk their assets. However, since there is no collateral to back the loan, lenders typically charge higher interest rates and may offer lower credit limits.

Pros:

No need for collateral

Faster approval process

Suitable for businesses with solid credit history

Cons:

Higher interest rates

Lower credit limits

More challenging approval process for businesses with limited credit history

When Should You Use a Business Line of Credit?

A business line of credit can be a valuable financial tool in various situations. Here are some scenarios when a line of credit is most beneficial:

1. Managing Cash Flow Gaps

One of the most common uses of a business line of credit is to manage cash flow gaps, especially for businesses with seasonal fluctuations. For example, a retail business might experience slower sales in the off-season but still need to cover expenses like rent, utilities, and payroll. A line of credit can provide the funds necessary to maintain operations until sales pick up.

2. Covering Unexpected Expenses

Unexpected expenses can arise at any time, such as equipment breakdowns, emergency repairs, or sudden increases in inventory costs. A business line of credit can help you cover these costs without disrupting your cash flow or resorting to high-interest loans.

3. Taking Advantage of Opportunities

Sometimes, an unexpected opportunity arises that could benefit your business, such as a bulk discount on inventory or a chance to expand your operations. Having a line of credit in place allows you to act quickly and capitalize on these opportunities without waiting for loan approval.

4. Building Business Credit

Using a business line of credit responsibly can help build your business credit score over time. By making timely payments and keeping your credit utilization low, you demonstrate to lenders that your business is a reliable borrower. This can improve your chances of securing larger loans or more favorable financing terms in the future.

5. Bridging the Gap Between Invoices

For businesses that invoice clients, waiting for payments can create cash flow challenges. A business line of credit can bridge the gap between issuing an invoice and receiving payment, ensuring that you have the funds needed to continue operations without disruption.

Advantages of a Business Line of Credit

Flexibility: Use the funds as needed and only pay interest on what you borrow.

Revolving Credit: Reuse the credit line as you repay, providing ongoing access to funds.

Quick Access: Draw funds quickly without the need to reapply each time.

Builds Credit: Helps improve your business credit score when used responsibly.

Disadvantages of a Business Line of Credit

Variable Interest Rates: Interest rates may fluctuate, making it challenging to predict costs.

Potential Fees: Some lenders charge annual fees, draw fees, or maintenance fees.

Risk of Overspending: The flexibility of a line of credit may lead to overspending if not managed carefully.

How to Apply for a Business Line of Credit

If you're considering applying for a business line of credit, follow these steps:

Check Your Credit Score: Lenders will assess your business and personal credit scores to determine eligibility and interest rates.

Gather Financial Documents: Prepare documents such as bank statements, tax returns, profit and loss statements, and balance sheets.

Determine the Amount You Need: Calculate how much credit you require based on your business needs.

Compare Lenders: Research different lenders, to find the best terms and rates.

Submit Your Application: Complete the application process with your chosen lender and provide the required documentation.

Conclusion

A business line of credit is a versatile and flexible financing option that can support your business through various challenges and opportunities. Whether you're managing cash flow gaps, covering unexpected expenses, or seizing growth opportunities, a line of credit can provide the financial support you need to keep your business running smoothly. By understanding how they work and knowing when to use them, you can make informed decisions that will benefit your business in the long term. Explore options from reputable providers to find a solution tailored to your needs.

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What is a Business Line of Credit?

Did you know that over 90% of Australian businesses struggle with cash flow concerns at least once a year? On average, firms experience 4.2 months of negative cash flow annually, restricting their growth potential and complicating operational issues. In such situations, having an overdraft facility can be a game-changer for any enterprise. Unsecured business overdrafts in Australia provide businesses with credit limits that can be accessed whenever needed. A credit line offers a lifeline for firms, helping them manage their working capital requirements, seize growth opportunities, and navigate market fluctuations. Also known as an unsecured business line of credit, this facility offers a cash flow buffer for business contingencies. What is a business line of credit? How does it work? If this is what you are wondering, this quick guide will help you learn everything you need to know about this financing option!

(Source: https://www.xero.com/content/dam/xero/pdfs/xsbi/cash-flow-challenges-facing-small-businesses.pdf) 

Business Line of Credit: An Overview

A business line of credit or a business overdraft is a loan product offered by banks and non-bank lenders in Australia. It gives businesses access to funds up to a predetermined credit limit so the firms can use the money as needed. Unlike a traditional term loan, where the borrower receives a lump sum amount, a business line of credit works like a revolving credit facility. The lender sets a credit limit, and the borrowing firm can withdraw money within that limit and pay interest on the amount they borrow.

In most cases, a small business line of credit in Australia falls under unsecured business loans. However, the borrower may have to offer collateral if they want a significantly high limit for their overdraft facility. A business line of credit in Australia is perfect for enterprises that struggle with short-term cash flow fluctuations. It offers a convenient buffer for such contingencies, easing the financial strain of running the operations. 

How Does a Business Overdraft Work?

A business overdraft is a unique credit facility that provides businesses with a safety net during cash flow challenges. With a line of credit, firms have the freedom to use the funds as needed, whether it is to manage seasonal fluctuations or buy stocks to meet customer demand. Let’s break down how this credit option works:

●      A business applies for a credit line according to its anticipated needs.

●      The lender evaluates the turnover and financial standing of the applicant.

●      The lender approves a stipulated credit limit for a certain number of months/years.

●      The firm withdraws funds as needed, provided the total amount remains within the set limit.

●      The firm pays interest on the amount they borrow, and not on the approved limit. 

In most cases, a small business overdraft facility in Australia works on a revolving basis. This means that the line of credit has an open-ended limit, allowing the borrower to withdraw and repay money as many times as they want. For example, let's assume that a small business gets a business overdraft facility with a limit of $100,000. If it has a revolving facility, the firm can borrow $50,000, repay it, and borrow another $70,000 within the same month. As long as the outstanding amount at any point in time is lower than the credit limit, the firm can borrow the sum they need. A line of credit allows borrowers to churn the money more efficiently to leverage the overdraft according to their requirements. 

Unsecured business overdrafts in Australia ensure convenience and flexibility for SMEs, helping them finance their survival growth. In a country where 99% of businesses are small or medium-sized, a business overdraft is a valuable facility to ensure stability for thousands of firms. By utilising a line of credit, enterprises can navigate cash flow fluctuations and stay on track towards success. Here are some of the salient features of a small business line of credit in Australia:

●      Amount: Lenders determine the credit limit based on business performance and other factors.

●      Tenure: A small business overdraft facility in Australia is typically available for up to five years. When firms have constant access to a line of credit for a prolonged period, they can often manage their finances more efficiently.

●      Interest Rate: Business overdraft interest rates in Australia depends on the risk score of a business determined by the lender. Lenders usually take into consideration the trading time, industry, credit score and the borrower's financial performance while determining the rate of interest.

●      Repayment Frequency: Businesses can make their repayments weekly or monthly. These are amortised over time, ensuring significant flexibility for borrowers. 

How is a Business Line of Credit Different from Other Business Loan Products?

A business line of credit stands out from other business loan products due to its flexibility and convenience. Unlike small business loans that provide a lump sum amount, a business line of credit allows borrowers to access funds on an as-needed basis, similar to a credit card. Businesses pay interest only on the amount they withdraw, saving them money in the long run. With its revolving nature and tailored repayment terms, a business line of credit empowers businesses to effectively manage their cash flow and seize opportunities when they arise. 

While it is easy to distinguish between a line of credit and traditional business loans, many people struggle to differentiate between an overdraft facility and credit options like invoice financing and debtors financing. Let’s assess how a line of credit differs from these funding solutions:

●      Security:

Invoice financing options are secured with unpaid invoices while debtors financing is secured with the borrower’s receivables ledger. However, unlike both these options, unsecured business lines of credit require no proof of incoming payments.

●      Limit:

A business can only borrow upto 80-90% of their invoice amount/receivables ledger under an invoice/debtors finance facility. However, with a line of credit there’s no such limitations or reliance on the debtors/invoices.

●      Flexibility and Control:

Invoice financing offers the flexibility to draw funds when businesses have high invoice realisation periods. Debtors financing allows borrowers to get funds without waiting for their customers to pay. It also allows them to leverage lower interest rates if their debtors repay early. However, a line of credit offers greater flexibility and control than both these options, allowing businesses to manage their money during contingencies without relying on their creditors’ decisions. 

A line of credit or overdraft facility is extremely unique, offering businesses a plethora of benefits if managed efficiently. It can be a convenient alternative to traditional working capital loans, allowing firms to manage their urgent expenses with ease. 

Pros and Cons of Taking a Line of Credit For Your Business

Now that you know how a business overdraft works and how it compares to other business loans, it’s time to dive deeper. What are the advantages of getting a line of credit for your firm? Let’s find out:

●      Flexibility and Convenience: The flexibility of fund usage is one of the biggest advantages of getting a business overdraft facility. You can use it to address various business needs: like buying inventory, paying wages, marketing, and managing cash flow requirements. With this financial tool at your disposal, you can seize opportunities promptly without the need for lengthy loan applications.

●      Do not necessarily require security: SMEs can get unsecured business overdrafts depending on their performance and requirements. If a firm lacks the necessary assets to apply for secured business loans, it may get an unsecured credit line to manage its urgent expenses. However, some lenders also offer secured lines of credit for borrowers who can offer collateral. Business owners can evaluate both options and choose the one that fits their needs.

●      Absence of Repayment Penalties: With a business line of credit, you have the flexibility to pay off the borrowed amount early without incurring any penalties. This gives you the freedom to manage your finances efficiently and save on unnecessary interest costs.  For example, if you borrow $20,000 out of your $100,000 limit and repay it within ten days, you need not pay any additional charges for the early repayment option.

●      Savings on Interest Costs: One of the most significant advantages of a business overdraft facility is that you only pay interest on the amount you use. This aspect often results in substantial savings compared to traditional loans where interest accrues on the entire loan amount from the start. Moreover, business overdraft interest rates in Australia are quite affordable, making this a suitable option for numerous SMEs.

●      Continuous Backup for Contingencies: A business line of credit offers peace of mind as lenders provide this facility for up to five years. It acts as a valuable backup during contingencies and helps you navigate business challenges with ease. When you have a line of credit, you can plan and execute your business strategies more efficiently without worrying about immediate repayment deadlines. 

While a business line of credit provides flexibility and easy access to funds, there are some potential issues to consider. Here are some possible disadvantages of taking this option:

●      Credit Score and Monthly Turnover Requirements: Lenders often give preference to borrowers with good credit scores when it comes to approving new lines of credit. Most lenders also require a minimum monthly turnover of $10,000 to provide the overdraft facility to enterprises. These requirements may be challenging for new businesses or those with lower credit ratings, limiting their access to this type of financing.

●      Line Fees: Lenders may charge a small line fee on the overall credit limit, in addition to regular interest rates. These fees can impact the cost of borrowing and business owners should take them into account while assessing the affordability of an overdraft facility.

●      Possibility for Limit Reduction: Lenders have the right to review and reduce the credit limit for an overdraft facility. They may reduce or withdraw the credit limit if they observe irregularities in repayments, a decline in business turnover, or misuse of funds. Hence, the borrower must be careful in the way they utilise their line of credit. 

Potential borrowers must weigh the pros and cons before exploring this business financing tool. If managed effectively, a line of credit can be a valuable resource for managing business requirements and funding expansion and growth. Hence, borrowers should strike a balance between the upsides and downsides to make the most of this option. 

Who Can Apply for a Business Line of Credit?

A business line of credit is available for eligible SMEs that meet the lending criteria for the issuance of this facility. Typically, the lenders accept business overdraft applications from businesses that meet the following requirements:

●      An Active ABN:

An applicant must have a valid and active Australian Business Number (ABN) to apply for this business loan product. Registered SMEs should provide the ABN during the application stage.

●      Business Duration:

Lenders typically require businesses to have been operating for at least 12 months. This aspect demonstrates stability and viability in the eyes of the lender.

●      Minimum Monthly Turnover:

Most lenders require borrowers to have a monthly turnover of $10,000 or more for providing them with lines of credit. This criterion ensures that your business generates sufficient revenue to handle the credit line responsibly. 

If your enterprise meets these requirements, you can consider getting an overdraft facility. You may consult an experienced financial broker to discuss your eligibility and other factors that affect the approval of a credit line. 

Why Should a Business Consider Having an Overdraft Facility?

If your business has sufficient funds to run day-to-day operations, you may think that there is no need to opt for a credit facility. But having a line of credit can be a game-changer for your firm, providing you with the requisite flexibility to make quick business decisions. Even if you have no immediate need for a loan, you can get a line of credit to act as a financial buffer. An overdraft facility acts as a valuable contingency plan. Unforeseen expenses, sudden market fluctuations, or unexpected opportunities can arise at any time. However, firms can rely on their credit lines to navigate these contingencies without disrupting their operations or missing out on opportunities.

By having access to readily available funds, businesses can maintain stability and continue their operations seamlessly, even during lean periods. Moreover, an overdraft facility demonstrates financial responsibility and builds a positive credit history. Lenders perceive businesses with an approved overdraft as proactive and well-prepared, making them seem more credible and trustworthy. As a result, it helps open doors to better financing solutions and favourable loan terms in the future. Essentially, having an overdraft facility fosters financial agility and adaptability. In today's competitive landscape, businesses must respond to market demands and swiftly capitalise on growth opportunities. An overdraft facility ensures that firms can seize these opportunities promptly without the delays associated with traditional loan approval processes. 

How Do Lenders Determine Credit Limits for Businesses?

When businesses seek a line of credit, understanding how lenders determine credit limits is crucial. In Australia, lenders assess various factors to determine the maximum amount of credit they can extend to a business. Here are the key considerations that lenders take into account while evaluating applications:

●      Financial Position:

Lenders assess a business's financial strength by analysing its cash flow position, turnover trends, and repayment capacity. If your business has a high monthly turnover, you may get a proportionately high credit limit as you can afford to repay the funds on time. On the other hand, firms with lower turnover figures get smaller credit lines.

●      Business Duration:

Your firm can get an overdraft facility if it has been operational for a year or more. Typically, lenders look at the borrower’s time in business to assess the credit risks. They often perceive businesses with more than a year of operation as being more stable, making them more likely to handle additional debt obligations.

●      Security:

While many firms are likely to qualify for unsecured lines of credit, lenders often favour businesses that can provide assets as collateral. Having assets to offer as security increases the likelihood of obtaining a higher credit limit with more favourable terms.

●      Industry Characteristics:

The industry in which a business operates plays a role in determining the approved credit limit. Lenders evaluate the risks associated with the borrower’s industry and analyse market conditions before finalising the credit line. They often assess the typical payment cycles within various industries to ascertain whether a borrower can keep up with regular repayments.

●      Credit Score:

A firm’s credit score helps lenders assess their risk level. A higher credit score instils confidence in lenders, increasing the likelihood of approval for a higher credit limit. Conversely, a lower credit score may lead to a lower credit limit. While bad credit business loans are available for enterprises with poor credit scores, it helps to have a good credit history when looking for overdraft facilities. 

Analysing these factors can help you estimate how much you can borrow through a credit line. You can discuss your firm’s characteristics with a business loan expert to determine likely credit limits you can get for your business! 

How to Apply for a Business Line of Credit? Documents and Procedures

Now that you know the different aspects of this credit option, you may be wondering about the application process. How to apply for a business overdraft? Let’s break it down: 

#1 Assess Your Eligibility and Requirements

You should consider the lending criteria and determine your eligibility before applying for an overdraft facility. You can also analyse aspects like your time in business, industry characteristics, turnover, and other requirements to ascertain how much you can get in terms of a credit limit.

#2 Consult a Finance Broker

You can discuss your situation with a financial broker to get their opinion and advice. Experienced consultants provide valuable insights, help you understand the options available, and guide you through the application process. They can also help you compare business loans and determine whether a secured or unsecured line of credit is the best solution for your business!

#3 Get an Indicative Quote

Business loan specialists can provide you with an indicative quote to help you estimate the credit limit and interest rates you may get. To get this quote, you can fill up details like your firm’s average monthly turnover and credit requirements. Once you get the estimate, you can make an informed decision about applying for a credit line.

#4 Prepare Your Documents

Business lines of credit do not require elaborate paperwork for approval and settlement. For credit lines up to $250,000, you can get a low-doc approval with the following documents:

●      Bank statements for the past six months.

●      The business owner’s valid identification proof.

If you want a credit limit higher than $250,000, you may opt for the full-doc approval process. The additional documents required for this process are as follows:

●      ATO Statements

●      Financial Statements

●      Proof of Property Ownership

Before filing your application, you should prepare the relevant documents to ensure a seamless application process.

#5 Submit Your Application and Wait for Approval

The application process is simple and convenient. You can apply online with the help of your broker and upload all the necessary documents. The pre-approval formalities take 24-48 hours while unconditional settlement and approval take one to three days. Once you submit your application, you must wait for a maximum of three days to get a final decision from the lender. When you get the approval, you should review the paperwork carefully to understand the terms and conditions of the credit facility. 

If you have more questions about how to apply for a business overdraft, you can contact our expert at Broc Finance! Our financial brokers can resolve your queries and help you apply for a credit line. Call our team today to learn more about your loan options! 

Source: https://www.brocfinance.com.au/blog/what-is-a-business-line-of-credit/

[reilcapital]

Understanding Employee Retention Credit: Qualified Wages, Advances, Eligibility, Benefits, and Process

Employee Retention Credit (ERC) is a valuable tax credit introduced by the United States government to provide financial relief to businesses affected by the COVID-19 pandemic. This article aims to provide clarity on various aspects of ERC, including qualified wages, advances, eligibility, benefits, and the process of obtaining ERC funds.

What are Employee Retention Credit qualified wages?

Qualified wages refer to the compensation paid to employees by eligible employers during specific periods outlined by the IRS. These wages include certain health plan expenses but exclude wages covered by other COVID-19 relief programs, such as the Paycheck Protection Program (PPP).

What is an advance against the Employee Retention Credit (ERC)?

Advance payment against the ERC is an option provided by the IRS to help eligible employers receive immediate financial support. Employers can request an advance of the anticipated ERC by submitting Form 7200, which can be filed multiple times if necessary.

Who is eligible for the ERC Business grant?

Eligibility for the ERC is primarily based on the impact of the COVID-19 pandemic on a business. Generally, eligible employers include those who experienced a significant decline in gross receipts or had operations fully or partially suspended due to government orders.

What is the ERC grant?

The ERC grant refers to the tax credit that eligible employers can claim on their federal employment tax returns. It is a refundable credit that can be used to offset certain employment taxes, and any excess credit can be refunded to the employer.

Is ERC funding taxable?

No, ERC funding is not taxable. However, the wages used to calculate the ERC are considered deductible expenses, meaning they can't be claimed as both qualified wages for ERC and as a deduction for the same wage expense.

What is the benefit of ERC?

The ERC provides significant benefits to eligible employers, including financial relief, allowing them to retain employees and maintain their workforce during challenging times. It can also help businesses recover and rebuild by offsetting certain employment taxes.

Is ERTC the same as ERC?

Yes, ERTC (Employee Retention Tax Credit) is an acronym used interchangeably with ERC. Both refer to the same tax credit program aimed at supporting businesses impacted by the COVID-19 pandemic.

Why is it important to apply for the employee retention tax credit?

Applying for the ERC is crucial for eligible businesses as it offers substantial financial relief. It helps employers retain their employees, reduces the burden of employment taxes, and provides much-needed support during challenging economic conditions.

When should I expect my ERC refund?

The timeline for receiving an ERC refund depends on various factors, including the IRS's processing time and the accuracy of the information provided. Typically, the IRS strives to process refunds as quickly as possible, but it's advisable to consult with a tax professional or refer to the IRS guidelines for more accurate estimates.

How do I get ERC grant money?

To obtain ERC grant money, eligible employers must follow the process outlined by the IRS. They need to file the appropriate forms, such as Form 941 or Form 7200 for advance payments, and ensure they meet all eligibility criteria. It's recommended to consult with a tax advisor or refer to the official IRS resources for detailed instructions.

Conclusion:

Understanding Employee Retention Credit (ERC) is essential for businesses seeking financial relief during the COVID-19 pandemic. By comprehending qualified wages, advances, eligibility criteria, benefits, and the application process, employers can navigate the ERC program effectively and leverage its benefits to support their workforce and overall business operations. If you require further assistance or have specific questions related to ERC or other financial matters, consider reaching out to REIL Capital. Their team of experts can provide guidance and support in optimizing your eligibility for ERC and help you navigate the complex landscape of business funding and tax credits. With the right knowledge and strategic approach, businesses can maximize their opportunities for financial assistance and pave the way towards stability and growth.

[todaynewsonline]

How to Get a Startup Business Loan with No Money

How to Get a Startup Business Loan with No Money:- Starting a business is a dream for many entrepreneurs, but the biggest challenge they face is financing their ideas. While most people believe that starting a business requires a lot of capital, this is not always true. There are several ways to get a startup business loan with no money, and in this article, we will explore some of the best…

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Every business owner wants to take out a loan at favourable terms such as low-interest rates and as large an amount as possible. Can you get a small business loan with bad credit? Yes, a big yes. Businesses that either have no credit history or poor payment records can get a loan to fund the needs of their business. Many alternative lenders in the financial market provide fast business loans to businesses with poor credit reports. Click Here To Know how to get a loan with a poor credit report.

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Loans for small businesses with bad credit are now available on fresh offers. You can have these loans from reliable lending platform. Apply now and get the chance of having business funding. 

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Sunday 7-

I had 2 drs appointments on Friday, one of which was a CT that was supposed to help figure out why I have so much pain in my right testicle(TMI). It saw nothing, so now we get to keep guessing. Boss told me to "take weekend off", but was doing the morning orders/teams call every day between 5-7, trying to fix stuff and do reconciliations. Glad they trust me with this, but wanna give a 'high five' to my imposter syndrome telling me im gonna get fired any day.

- had to take Henry to urgent care on Saturday, and it turns out he has the start of pneumonia. Wanna give a big shout out to the ARNP who told me she really thought he should just 'ride it out' after 10 days of awful coughing and that their kids 'were still in it after a month'. Yeah, the PA said there was no way he wasn't leaving without antibiotics. Made me feel like an asshole parent... he's on day 2, and already more of himself.

- I went back up there today for me, and I have pretty severe bronchitis. He put me on a different antibiotic, more steroids, refilled my inhaler, and actually listened to me. I mean, I appreciated his care and actual concern. Fun situation: while I was there, a tree fell across the powerlines and tripped off most of town, so they had to go to back-up generators. There was a hall full of people, in a brown out, that the staff were managing like pros. Seriously, we are lucky to have that place.

-after today, I have 4 payments left on my car. 4. I think we will wait till June, and then it's 4 door vehicle time. The lunabug is getting taller, and we want to go see my dad/stepmom in Eastern Wa in something that has space. Everybody and their dog has sent me one of those damn, "interested in a new car loan? It's OK to check your rate, and won't hurt your credit" messages and as soon as my credit union chimes in, I'm sure we'll have something to talk about.

- speaking of something to not talk about, I learned a new term and joined a subredit today called 'dead bedrooms', and yeah, checks out completely. I don't have a therapist yet, so it's not a bad sorce of info or me trying to figure out what I have messed up(apparently, yet again).

- so I had to stop at Walmart(yay for small business destruction by a corporate giant!) for meds/a few groceries and this dingus in an f250 with a WA st license plate celebrating wrestling decided he needed to back into a compact space that was in front of me. He almost hit the first car on the way in(who had to stop and back up), but then he literally backed his 'not a farm truck but a penis extension' into the compact space in front of me, and thanks to me backing up knowing he would have been sticking out if I didn't, he took 3 feet of my spot and his hitch was literally 4 inches from hitting my car. In my space. And that entitled piece of shit didn't even look to see how close he was, he just walked away like he was the king of backing up. Look, I have no problem with wrestlers, but the only one who matters in my life is John Irving, and I think he would have been sensitive enough not to be a shit bird like that! (Part 1 of 2 rant)

- I wanted to share a thought or 2 about something I've seen going about on here for a little bit, because I think i need to say avfew things:

I love that I have so many people I follow here who take stances for the poor, marginalized, POC, and other underrepresented communities-not just in a perfunctory way of saying 'I support you'; but quite a few of you are actually involved in helping bring about change and strengthening communities by being unselfish hands that help heal hearts- you inspire me to be a better person, really. As a person of faith, I see you doing the work that many faith leaders of old spoke of when they talked of when they said, "serve as you have been served, and love as you have been loved"- and seeing that faith in action, it has made me read more about liberation theology and revisit the works of the Rt Rev Bishop Desmond Tutu, Dietrich Bonhoffer, and Dr Martin Luther King jr(and of the later, 'Why I oppose the war in Vietnam' is just as relevant now as it was then). I thank you all for this inspiration and work.

But what I have really come to realize about myself is that I am a person of privilege. I am a white CISmale, straight, accessed a good education at a young age, had a huge extended family that helped raise me when my mom had me at 17, have never had to worry about my gender causing me to be looked at differently, have a good job(for now), have access to clean water, don't live in a food desert, and save for the fact that I understood discrimination at a very young age thanks to my last name, I know that I have lived a mostly privileged life.

But there is one privilege I will never take for granted, and that's voting. And yes, I don't always vote my conscience because at heart, I am a democratic Socialist. But I always vote in my local and state house election because it is in places like your local school board or your city council where you can stop the spread of groups like 'Moms for Liberty' or any of the other neo-fascist organizations that seek to change education or change for the worse how cities deal with their population experiencing homelessness. If I stay home from these elections, I feel like I'm spitting on my great grandmother's grave(whose name I found on the voting roll of the first year that women could vote in Basin, Montana). I feel like I'm not being a good parent or a community member for sticking up for my sons right(or other kids rights) to read books in the school library that have a rainbow(let alone letting kids see representation for non-traditional families that are just the same as everybody else!). So please, if you're feeling crappy about the election, this right here is the biggest way to affect change if you don't know where to start or affirm.there is something you can do to really make a difference. Don't see enough representation of POC on your city council, especially in multi-ethnic communities? Hear a trans voice that would make for a great representative for all people? Fill in those boxes, act locally, and get those folks elected! It works if you work it!

I hear a lot of voices talking about Joe Biden these days, and I feel numb and angry about a lot of things that have been done in our names too: I hate HATE what is happening in Gaza(PBUT); I hate our support of Saudi Arabia and the proxy war in Yemen; Our jaunts in Zaire and Jordan; I hate that we are no closer to universal Healthcare, but I understand that that road and others lead through a Republican congress. I love that child poverty is declining, but programmes that were designed to make this a reality are sunsetting. We have a barbaric and truly archaic policy on immigration, and every time(that's not hyperbole, either), every goddamn time a good bill has been proposed to deal with the issue, the bill has been met by the xenophobic forces on the right and their deep pockets fueling the media and it is destroyed out of fear. And let's not forget student debt forgiveness, the continued dismantling of public education by states like Texas and Florida, Our goal of dismantling of the prison industrial complex, the protection of reproductive healthcare, and the dire need for nationwide police reform.

Yes, our laundry list is long, but it is full of necessary things that need to change or be codified in order for a great change to happen for generations and the continuatonof this great experiment called the U.S.A.

And for all of this and more, I ask: where are the leaders of our generation on this? Where are the ghosts of John Lewis, of Paul Wellstone, and of Shirley Chisholm? Thankfully, our leaders and the ghostsbof their forebearers are there- they are doing their best, and thankfully we(those of us on the progressive side) are represented by POC women who will go to the mat for these issues and more, being inspired by those who came before them. But the more that I think about it, it's time that we offer an ultimatum: we'll give you our voting block, Joe. We'll help bring along the majority of the 9 million new voters who are coming of age this year, so you will have a supermajority with which you can put forth truly transformative legislation. Sure, you'll get us- for now. But if it's businesses as usual, if we are not knocking over the tables of the money changers, and if we are not investing more in programmes of social uplift than we are for the military industrial complex, then we strike. Not in 2028, as one of my absolute favourite people on here suggest, but in 2026, in early summer. Because it is people like me, those of us who have know privilege and continue to know it, who are finally waking up to the truth that we need to do the work. We need to do the heavy lifting. I'm willing to make that offer, and I hope I'm not alone, because there either needs to be a change in the way our political system operates, or we walk away and start our own political entity. I hope I'm not alone in the way I feel, and I hope that we can all make the proposition. We have the leaders, we have the people, now it's about courage. It's time.

But for today, if you can pull the lever for democrats nationally, I totally get it. But consider what I said about voting locally, and in local races and elect people who represent your values. It matters.

- ok, rant over: if you made it this far, know that I love you all and I hope this week brings good things for you. Remember what Pete Seeger always said: "Take it easy, but take it". Much love yall!

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[brocfinance]

Guide to Understanding Small Business Loans

Australia's thriving entrepreneurial landscape demands accessible financing solutions to fuel business growth and innovation. Small business loans play a pivotal role in empowering local ventures, offering capital infusion to fund expansions, equipment purchases, and business optimisation. The most common reason for SMEs in Australia to look for small business loans is to buy equipment. Cash flow management, business expansions, inventory purchases, and invoice payments are other critical reasons why they need the funds. Loans for small businesses can help entrepreneurs manage exigencies and seize opportunities in the market. Let’s discuss everything you need to know about small business loans in Australia!

Purpose of additional finance SMEs, % Aug 2021 & 2022

WHAT ARE SMALL BUSINESS LOANS?

A small business loan is a financing option that allows business owners to get a lump sum amount from lenders to manage various business expenses. They are required to repay the loan at a fixed interest rate over a specified period. There are many types of small business loan products that suit a variety of enterprises. From start-up business loans to bad credit small business loans, there are numerous options to explore. Let’s break down the typical terms of small business finance products available in the market:

●       Loan Amount: Small businesses can get loans in the range of $5000 to $1 million, depending on a multitude of factors. The average loan amount for small businesses in Australia is on the rise, growing by 15% between 2021 and 2022. Fuelled by post-pandemic recovery, many lenders are now lending more money to small businesses than ever before.

●       Loan Term: In most cases, lenders provide small business loans for three months to three years.

●       Interest Rate: Small business loan rates Lenders determine the interest rate based on factors like the firm’s financial strength, credit history, availability of collateral, industry prospects and more. A small business loan calculator can help you estimate your potential repayments based on the indicative interest rates typically charged by lenders.

●       Repayment Frequency: Small businesses can make weekly, fortnightly, or monthly repayments according to their loan agreement with the lender. This flexibility makes it convenient for small-scale businesses to pay back these loans. 

What Can You Do with a Small Business Loan?

A firm can use its small business loan to take care of various business expenses. Lenders usually do not place restrictions on how you can utilise the loan amount, provided it goes towards a legitimate business expenditure. Here are some of the ways of using a small business loan to maximise your firm's potential for success.

(Source: https://www.nbcbanking.com/business-banking/business-lending-guide/how-business-loans-work/) 

●       Working Capital Needs: Small loans for businesses can help these firms navigate their day-to-day expenses. Seasonal ventures with cash flow fluctuations often rely on small business loans to manage expenditures.

●       Equipment Purchase: Many businesses rely on key pieces of equipment to provide their services and drive value for customers. They may need to purchase new equipment or machinery to scale their operations or replace an old asset. In such situations, they can borrow money from lenders to fund this essential business expense.

●       Real Estate Investments: If you run a small business, you may want to purchase or lease new premises for your firm. You may want to expand and renovate your current premises or open new branches to grow your business. A small business loan can come in handy for all these purposes and help you take your venture to new heights.

●       Buying Inventory: Lack of inventory can lead to the loss of sales and competitive advantage in the market. Hence, it is essential to maintain adequate inventory stocks to meet your demand forecasts. Many firms take out small business loans during festive seasons or other high-demand periods to buy more inventory to cater to the demand.

●       Start-up Costs: Often, an entrepreneur may have an excellent business idea, but they may lack the funds to execute their plans. In such situations, small business loans can come to their rescue. They can borrow money to initiate their operations and lay the foundations for growth. 

Small Business Loans: Options to Explore

If you want to explore loans for your small business, there are numerous options to explore. Let’s discuss the various types of small business loans available to firms:

●       Unsecured Small Business Loans: Small businesses may lack the assets or time required to take out secured loans. In such situations, they can browse unsecured business loans to meet their needs. Lenders provide unsecured loans without any security or collateral. Since the risk for the lender is high, they tend to charge a slightly higher rate of interest to compensate for the same. Unsecured loans are a hassle-free source of funding because it takes very little time to process and approve these loans. A firm needs to submit only their bank statements for loans up to $250K. They can get a quick business loan within 24 hours for a term of 3-36 months if they opt for unsecured credit.

●       Secured Small Business Loans: A secured business loan is a lump sum amount lent against some security or collateral. The borrower must offer a real estate property to the lender to secure this type of loan. Secured small business loans are excellent for start-ups that have no business activity or financial strength to show. They can pledge a residential or commercial property as collateral to cover the lender’s risk and get favourable terms on the loan. They can get small business start-up loans up to 80% of the value of their pledged asset. These loans are available for 3-18 months, allowing sufficient time for new firms to set up their operations.

●       Small Business Line of Credit: A business overdraft is a flexible source of finance for small business owners. In this case, the lender approves a credit limit, and the firm can withdraw money according to their unique business requirements. They have to pay interest on the amount they withdraw and not the entire credit limit. Business lines of credit in Australia help firms navigate their working capital needs by providing an interest-free buffer.

●       Bad Credit Loans: Lenders evaluate the credit score of applicants in detail before approving their loans. However, this does not mean that it is impossible to get a small business loan because of the applicant’s poor personal or business credit history. Bad credit small business loans are available to Australian firms with some stringent terms and conditions. These loans often carry higher rates of interest and have more rigorous lending criteria. Typically, bad credit business loans are available for a short-term period between three to twelve months.

●       Short-term Loans: Short-term business loans are perfect for bridging capital needs. Firms can get short-term credit to meet urgent working capital requirements and tackle cash flow fluctuations. These loans require minimal documentation and are usually quick to be processed.

●       Small Business Equipment Finance: 27% of SMEs borrow money to buy new equipment to streamline their operations. Hence, lenders frequently offer favourable terms to secure loans for this purpose. Firms can secure equipment loans against the value of the newly acquired asset and pay lower interest rates compared to unsecured loans. These loans can usually be taken for up to seven years, ensuring flexibility and convenience for the borrowers. 

Eligibility Criteria to Get Small Business Loans in Australia

Borrowers have to meet the required criteria to be eligible for small business loans. They are as follows:

●       Registration: The borrowing firm must have a valid and active Australian Business Number (ABN) to apply for business financing.

●       Trading History: Many lenders prefer to advance small loans for business purposes to firms that have been in operation for six months or more. However, start-up businesses can also secure loans by pledging collateral to the lenders.

●       Monthly Turnover: Small businesses need a monthly turnover of $5K or more to be eligible for most business loan products. 

Advantages and Disadvantages of Taking a Small Business Loan

Small business loans can be a game-changer for business owners who want to grow their ventures or navigate challenging times. However, it is crucial to weigh the pros and cons of these loans before deciding to borrow. Here are the advantages you can expect with small business loans:

●       Access to Capital: Small business loans provide a vital infusion of capital, enabling entrepreneurs to fund startup costs, expand operations, invest in equipment, or seize growth opportunities.

●       Smooth Cash Flow: Small business loans can help address cash flow gaps, ensuring the continuity of operations and providing stability during lean periods or unexpected expenses.

●       Flexibility in Use: Business loans offer flexibility in how the funds are utilised. Entrepreneurs have the freedom to allocate them as needed to drive their business forward.

●       Building Credit: Responsible borrowing and timely repayments can help establish and improve your business credit profile. Increasing your credit score can potentially open doors to more favourable terms in the future.

●       Quick and Hassle-Free Approvals: In most cases, lenders process small business loans very quickly. You can get unsecured loans in just 24-72 hours, while secured loans take about 3-7 days for unconditional approval and settlement. The experience of applying for small business loans is quite hassle-free, as businesses have to submit just a few documents to facilitate the process. Most small business loans are low-doc, requiring the applicants to submit their last six months’ bank statements and identification proofs to secure approval.  

●       Variety of Options: Small businesses can explore various loan products to find the options that suit them the best. They can compare small business loan rates and the terms offered by lenders to fit their unique business model. There are numerous small business loans available in the market, allowing business owners to compare the loans and opt for flexible sources of funding. 

Now that you know the advantages of taking a small business loan, let’s discuss the potential disadvantages to help you make an informed decision:

●       Small Amounts: Lenders often consider small businesses riskier than established firms because of their limitations in scale. As a result, they tend to approve lower amounts for small business loans to minimise their risks.

●       Higher Rates of Interest: Small-scale businesses may have to pay a higher interest rate than larger firms with a demonstrated history of success. Lenders tend to charge higher interest rates to cover their risks in case the borrowers go bankrupt and fail to repay their loans. The higher interest rate can lead to high repayments, affecting the firm’s cash flow situation.

●       No Guarantee of Business Growth: While small business loans are valuable tools for growing local ventures, they do not guarantee long-term business expansions. Success and growth depend on execution and not just the infusion of funds.  A small business loan may not solve long-term business challenges. Hence, it is crucial to carefully weigh your requirements and business plans before taking out a loan.

You should carefully understand these advantages and disadvantages before applying for a loan. A detailed analysis will help you make an informed decision and avoid pitfalls in the future. 

How to Apply for a Small Business Loan?

First-time borrowers may be daunted by the idea of applying for a small business loan. SMEs in Australia often struggle to figure out how to get a bank loan for small businesses, with many of them experiencing difficulties in finding a willing lender or an affordable loan. In such cases, firms can work with experienced finance brokers to connect with alternative lenders who offer flexible loan terms for small-scale ventures.

(Source: https://www.smefinanceforum.org/post/survey-finds-funding-gap-is-stifling-small-business-growth-in-australia)

If you are a small business owner looking for an affordable loan, following a structured approach can help you navigate the application process. Here are the steps you can take to simplify your loan application journey: 

#1 Determine Your Funding Needs

Before applying for a small business loan, evaluate your funding requirements. Clearly define how much capital you need, what it will be used for, and the repayment terms you can comfortably manage. You can use a small business loan calculator to ascertain the potential repayments and assess if the amount fits your business budget. 

#2 Research Loan Options and Eligibility Criteria

Thoroughly research different loan options and lenders to find the most suitable fit for your business. Understand the eligibility criteria for getting a small business loan to suit your requirements. At this stage, you can contact a financial broker to discuss your needs and explore the loan products that may be right for you. Compare the business loans and decide where you want to apply. 

#3 Prepare Your Documents

Applicants must submit the required documents to facilitate the loan approval process. If you want a loan up to $250K, a low-doc application will suffice. You need the following documents for low-doc loan approval:

●       A valid identification document.

●       Bank statements from the past six months.

The lenders may require some more documents based on the nature of the loan you want. For example, if there  is no ATO payments cited in the bank statement, the lender may ask for ATO statement. Your finance broker can guide you to prepare the necessary documents for a hassle-free application process.

If you want to apply for an unsecured loan over $250K, you have to submit the following documents in addition to the bank statements and identification proofs:

●       Financial statements.

●       ATO statements.

You can prepare your documents in advance before filling up your loan application. 

#4 Submit the Application

Once you have gathered the required documents, submit your loan application. Ensure that all information provided is accurate and complete. Double-check the application for any mistakes or omissions that could potentially delay the approval process. You can submit your application online with all the required details. Your financial broker can go through your application and forward it to the most suitable lender to fast-track the process. 

#5 Review and Accept the Loan Offer

After submitting your application, the lender will evaluate your eligibility and provide their loan offer. Carefully review the terms, including interest rates, repayment duration, and associated fees. Once you are satisfied, you can accept it by following the lender's instructions. If you have any queries, you can consult your financial broker for clarification. Once all requirements are met, the lender will finalise the loan and transfer the funds to your designated account. In some cases, you can receive the approval and the loan amount within just twenty-four hours. 

How do Lenders Evaluate Applications for Small Business Loans?

Lenders evaluate the following factors to determine the status of a loan application:

●       Industry and Market Factors: Lenders consider the industry in which the business operates, examining its growth potential, market conditions, and competitive landscape. They evaluate the risk associated with your industry's stability and your firm's position within the industry.

●       Financial Position: Lenders assess the firm's financial strength to determine whether they can service the debt. Typically, a high monthly turnover is a positive indicator for lenders, leading them to approve higher amounts.

●       Security: Lenders may require collateral to secure the loan. They assess the value and marketability of the offered collateral, such as real estate, inventory, or equipment, to mitigate the risk in case of default. If you take an unsecured small business loan, the lenders often prioritise applications where the firm or its directors are asset-backed.

●       Credit Score: Lenders carefully assess your creditworthiness by reviewing your personal and business credit history. They consider factors such as your credit score, payment history, outstanding debts, and any past bankruptcies or defaults. The credit score is especially important for a new business, as it can minimise the lender’s risk and make them more likely to issue an approval.

●       Trading History: Businesses operating for more than one year often get precedence when lenders evaluate loan applications. However, newer firms can also get start-up business loans from several alternative lenders.

Lenders analyse these factors to determine the loan amount, interest rate, and other terms they are willing to approve. Evaluating these aspects can give you more clarity about your loan prospects. 

Tips to Simplify Your Small Business Loan Application Process

Applying for a business loan can be a complex process, but with the right approach, you can simplify it and increase your chances of success. By taking steps to streamline your loan application, you can save time, reduce stress, and present an excellent application to lenders. Here are some tips to simplify your application:

●       Strengthen Your Credit Profile: You should prioritise improving your credit profile by paying bills on time, reducing outstanding debts, and correcting any errors on your credit report. A strong credit profile enhances your credibility and increases your chances of loan approval.

●       Consult a Finance Broker: Once you identify your funding requirements, you can start exploring suitable options. Many SMEs in Australia struggle to find bank loans to fund their business operations. If you face this issue or do not know how to get a bank loan for your small business, it is better to partner with a finance broker. These brokers can connect you to a network of alternative lenders who provide tailored financing solutions for your firm. Moreover, their expertise can help you navigate the complexities and ensure your application is thorough and compelling. They can guide you about various aspects of the process and provide you with relevant information. From average loan amounts for small businesses to typical interest rates, they have in-depth knowledge about all facets of small business loans to help you.

●       Explore Government Schemes: You can check government small business loans to find options that may fit your needs. The Australian government sometimes initiates loan assistance programmes to fuel the growth of SMEs. A knowledgeable finance broker can provide you with information about government small business loan schemes, enabling you to make the best decision for your firm.

●       Prepare a Detailed Business Plan: Although lenders do not mandate the submission of a business plan, it is better to be prepared to demonstrate your growth trajectory. Craft a detailed and professional business plan that outlines your business objectives, strategies, financial projections, and market analysis. A well-prepared plan demonstrates your preparedness and increases the lender’s confidence. 

If you want guidance and support to apply for various small business loans, you should contact Broc Finance today! Its team of financial brokers can help you apply for working capital loans and other credit options to help you achieve your business goals.

Source: https://www.brocfinance.com.au/blog/guide-to-understanding-small-business-loans/

[reilcapital]

Merchant Cash Advance: Unlock the Power of Quick Business Funding

What is a Merchant Cash Advance?

A Merchant Cash Advance is a flexible and convenient alternative funding solution designed to assist businesses in need of quick capital. Unlike traditional bank loans, an MCA provides upfront cash based on your future credit card sales. This financing option allows you to receive funds promptly, helping you bridge financial gaps, invest in business expansion, purchase inventory, or meet unexpected expenses.

The REIL Capital Advantage:

In the fast-paced world of business, having access to timely funding can make a significant difference in seizing growth opportunities, overcoming cash flow challenges, and staying competitive. One financing option that has gained popularity among entrepreneurs is theMerchant Cash Advance (MCA). In this article, we'll delve into the details of the Merchant Cash Advance offered by REIL Capital and explore how it can empower your business.In the fast-paced world of business, having access to timely funding can make a significant difference in seizing growth opportunities, overcoming cash flow challenges, and staying competitive. One financing option that has gained popularity among entrepreneurs is theMerchant Cash Advance (MCA). In this article, we'll delve into the details of the Merchant Cash Advance offered by REIL Capital and explore how it can empower your business.REIL Capital, one of the leading merchant cash advance companies, offers a streamlined Merchant Cash Advance program that caters to the unique needs of small and medium-sized businesses. Here are the key advantages of choosing REIL Capital for your funding requirements:

Easy Application Process:

REIL Capital understands the importance of simplicity and efficiency when it comes to accessing funding. Their straightforward online application process ensures a hassle-free experience, allowing you to focus on your business while their experts handle the funding process.

Quick Approval and Funding:

Speed is of the essence, especially in the fast-paced business world. REIL Capital's Merchant Cash Advance program offers quick approvals and funding, with funds typically deposited into your business account within a few business days. This rapid access to capital enables you to seize time-sensitive opportunities and address urgent financial needs promptly, including same-day funding options.

Flexible Repayment Terms:

Unlike traditional loans with fixed monthly payments, a Merchant Cash Advance offers flexible repayment terms. Instead of a fixed schedule, a small percentage of your future credit card sales is automatically deducted to repay the advance. This means that your repayment amount adjusts based on your business's revenue, giving you more breathing room during slower periods.

No Credit Check Required:

For businesses concerned about their credit history, REIL Capital offers a merchant cash advance with no credit check. Your eligibility is based primarily on your future credit card sales, making it a viable funding solution for businesses with less-than-perfect credit scores.

No Collateral or Personal Guarantee:

Securing a traditional loan often requires collateral or personal guarantees, putting your assets at risk. With REIL Capital's Merchant Cash Advance, you won't have to worry about pledging collateral or providing a personal guarantee. The advance is based on your business's credit card sales, offering a convenient and less risky financing option.

Funding for Various Business Needs:

Whether you need working capital to cover payroll, purchase inventory, invest in marketing initiatives, or seize growth opportunities, REIL Capital's Merchant Cash Advance can provide the funding you require. The flexibility of this financing solution empowers you to use the funds as you see fit, giving you the freedom to drive your business forward.

Conclusion:

When time is of the essence and traditional loans may not be the best fit for your business's funding needs, a Merchant Cash Advance from REIL Capital, one of the leading merchant cash advance companies, can be a game-changer. With a quick and straightforward application process, fast approvals, flexible repayment terms, no credit check requirements, and no collateral, REIL Capital's Merchant Cash Advance offers the financial flexibility and convenience that modern businesses require. Unlock the power of quick business funding today and take your business to new heights with REIL Capital's Merchant Cash Advance program.

[justinspoliticalcorner]

Morgan Jerkins at Mother Jones:

Last year, despite minding other people’s business online, I didn’t know what a “trad wife” was. Now it seems like every time I log in to Instagram or TikTok, there is another video of a beautiful woman cleaning her home or making an extraordinarily long and needlessly difficult meal. These trad wives, short for traditional wives, are women who post online content showing themselves adhering to patriarchal gender roles while keeping house and raising children—and making it look easy.

[...] I wanted nothing to do with her or any self-identifying trad wife in my own small piece of digital real estate, but their immense popularity (and algorithmic dexterity) had allowed them to trespass, and I find myself unable to turn away. Chances are, neither can you. But while it might be easy to write off the trad wives as a silly meme or a guilty pleasure, they should not be taken lightly. Given the misogynistic messaging and white-centric ideals some of these influencers peddle, they are indicative of larger forces at play—henchwomen in an ongoing effort to functionally erase modern women from the public sphere.

To fully understand the rise of the trad wife phenomenon, it helps to look at its origins. In some ways, trad wives resemble the mommy bloggers of the mid-aughts to early 2010s. Back then, momfluencers like Dooce’s Heather Armstrong and Catherine Connors of Her Bad Mother commanded massive audiences through confessional posts about breast pumps and postpartum depression. As writer Kathryn Jezer-Morton pointed out in a 2020 New York Times piece, mommy branding was different back then: These bloggers were messy; they did not hold back in revealing all of the stickiness and ugliness in their matrescence. But then the vibe shifted. In 2016 and 2017, when Seyward Darby was doing research for her 2020 book, Sisters in Hate: American Women on the Front Lines of White Nationalism, she noticed an ominous subculture gaining prominence, one in which women were performing this highly curated image of wife- and motherhood. “It was aggressively anti-feminist, anti-diversity; some of it was proudly pro-white,” Darby says. Trump’s rise helped give these women a larger megaphone.

Of course, many influencers bragging about being stay-at-home moms are not white supremacists, but, as Darby points out, “it is a slippery slope—and sometimes there’s no slope at all—between ‘I’m just a nice woman who wants to be a wife and mom’ and having a very white nationalist agenda. Whether they realize it or not, those are the waters they are swimming in.” Watching trad wife content can pull viewers into territory they didn’t expect. “What’s scary is that there is a subtext in all these videos,” Washington Post tech columnist Taylor Lorenz tells me. For example, a trad wife might advocate for “natural living” or homeschooling, and then veer into anti–birth control rhetoric or religious indoctrination. “When you engage with these videos, because they are so adjacent to fascist, far-right content, you are quickly led down a rabbit hole of ­extremism.”

Not all trad wives have direct links to the far right. But what unites them is a romanticized vision of domesticity, or, as Darby calls it, “June Cleaver 1950s cosplaying.” As self-proclaimed trad wife Estee Williams, who rejects any associations with white supremacy, declared in a 2022 TikTok video, “We believe our purpose is to be homemakers.” It’s not simply about looking pretty. Their aestheticizing of housework is a throwback to the mid-20th century, when women weren’t even allowed to get a credit card or a loan. Publications such as Ladies’ Home Journal were responsible for promoting a certain kind of wife as a way to reestablish social order after World War II, when many women had entered the labor force. As Ann Oakley puts it in her 1974 book, Housewife, “a good wife, a good mother, and an efficient ­homemaker­…Women’s expected role in society is to strive after perfection in all three roles.” Most trad wife content is marked with this desire for perfection.

[...]

So why are many millennial and Gen Z women an eager part of the trad wife audience? Here’s my theory: We’ve given up. The popularity of the trad wife content is demonstrative of a psychological resignation. In the past several years, we’ve experienced a pandemic, the fall of Roe v. Wade, and the end of the Girlboss­­ Era. The rise of the trad wives marks what Samhita Mukhopadhyay, author of the 2024 book The Myth of Making It: A Workplace Reckoning, believes is “a response to the failures of a neoliberal workplace feminism” stretching from the 1960s to the present day—one that focuses on individuality. “What women fought for was an entry into the workplace,”­ Mukhopadhyay explains, but “being a mother in the workplace was almost untenable.” Even after decades of supposed progress, she points out, “we’re still not paid equally, and most women still don’t have resources commensurate with how hard they work and how they contribute to their families.” According to a 2023 report from the liberal research and advocacy organization the Center for American Progress, women were 5 to 8 times more likely than men to work part time or not at all because of caregiving responsibilities. Maya Kosoff, a content strategist and writer who admits to me that she has become obsessed with trad wives herself, says their popularity is “a reaction to perceived systemic failures” that seem like they “can be easily solved by turning to the simpler life of homesteading.”

And look, escapism isn’t anything new. When life gets harder, it’s only natural that one would daydream about a different time. But fantasies are dangerous when the stakes are so high for American women right now. We have only started to feel the effects of the Dobbs decision. “We have not seen how bad it’s going to get as women are pushed out of public life over the coming years,” journalist and MeToo activist Moira Donegan tells me. “Our main educational institutions, our workplaces, our elected officials are going to start to look more male.” Sociologist Tressie McMillan Cottom similarly argues that attacks on reproductive rights represent an erosion of women’s place in a democracy. “Women only get to be full citizens if they have control over when and how they have babies,” she says. “When that changes, your citizenship becomes vulnerable, so you attach yourself to a citizen: men. I think this reclaiming of being the traditional wife is here so long as there’s a threat.”

Mother Jones does a solid report on the explosion of tradwife culture in the wake of the Dobbs decision, in which abortion bans serve as a tool to drive women out of the workforce.

Tradwife influencers romanticize the 1950s aesthetic, and most of them tend to have far-right political views (especially on gender roles).

Read the full story at Mother Jones.