Jan 24

Best Small Business Loans of 2023

By Mike Healy | Uncategorized

Small Business Loans: Understanding Your Options

Starting or growing a small business can be an exciting and rewarding endeavor, but it also comes with its fair share of challenges. One of the biggest challenges small business owners face is obtaining the necessary funding to get their business off the ground or keep it running. This is where small business loans come in.

There are various types of small business loans available, each with its own set of pros and cons. The most common types of small business loans include:

  1. SBA Loans: The Small Business Administration (SBA) offers a variety of loan programs to help small businesses obtain funding. These loans are typically backed by the government and have more favorable terms than traditional bank loans. However, they can be more difficult to qualify for and have longer application and approval processes.

  2. Term Loans: Term loans are traditional loans that are given to small business owners for a specific period of time. These loans are typically used for specific expenses, such as buying equipment or renovating a storefront. The interest rate on a term loan is usually fixed and the loan is typically paid back in monthly payments.

  3. Line of Credit: A line of credit is a type of loan that allows small business owners to borrow up to a certain amount of money as needed. The interest rate on a line of credit is usually variable and the loan is typically paid back in monthly payments.

  4. Equipment Financing: Equipment financing is a type of loan that is specifically used to purchase equipment for a small business. The equipment itself is used as collateral for the loan, which means that the lender can seize the equipment if the loan is not paid back.

  5. Merchant Cash Advance: A merchant cash advance is a type of loan that is based on a small business's future credit card sales. The lender will advance a certain amount of money to the small business owner, and the loan is paid back through a percentage of the small business's credit card sales.

When applying for a small business loan, it is important to understand the terms of the loan, including the interest rate, repayment period, and any fees. It is also important to have a solid business plan and financial statements to show to potential lenders.

Choosing the Right Small Business Loan for Your Business

Choosing the right small business loan for your business can be a daunting task. With so many options available, it can be difficult to know which loan is the best fit for your business. Here are a few factors to consider when choosing a small business loan:

  1. Purpose of the Loan: The first thing to consider when choosing a small business loan is the purpose of the loan. Are you looking to purchase equipment, renovate a storefront, or expand your business? Different types of loans are better suited for different purposes.
  2. Repayment Period: The repayment period of a loan is the amount of time you have to pay back the loan. Some loans have shorter repayment periods, while others have longer repayment periods. It's important to choose a loan with a repayment period that works for your business.
  3. Interest Rate: The interest rate is the amount of money you will have to pay back to the lender in addition to the principal amount of the loan. Interest rates can vary greatly between different types of loans.
  4. Fees: Some loans come with additional fees, such as origination fees or prepayment penalties. It's important to be aware of these fees

Another option is REVENUE BASED FUNDING.

Approximately 80% of small businesses get turned down for most of these options. That's why we created a program to help small and large businesses get the funding they need quickly.

Our quick process can get you SAME DAY FUNDING.

Aug 13

Business Capital Funding and Wireless Services are Creating Great Commission Opportunities for BIdpoint Advisors

By Mike Healy | Uncategorized

Hard to believe that August is already here and summer is almost over. 

The great news though is that this has typically been the beginning of a great season for our services and with all the stuff happening in the economy we offer some tremendous solutions for businesses.

 Yesterday Rick, Mike and Steven were on a zoom together and we thought you’d like to hear some great ideas we had with Steven Small about the wireless program and capital funding ‘combo’. 

Check it out now.

May 20

Bidpoint Capital Business Funding Overview with Mike Healy and Rick Moore

By Mike Healy | Uncategorized

Bidpoint founders, Mike Healy and Rick Moore discuss the new ‘Capital Funding’ service rollout and how it’s helping so many businesses.

If you would like to become a Bidpoint Capital Referral Agent, please visit > https://bidpoint.co/capital-agents/

The views, opinions and claims expressed in the videos on this website are intended for training purposes only. Personal experiences and results may vary. The recommendations, strategies and claims set forth in this website are not meant to represent how well you will do, or guarantee, expressly or implicitly, your success as individual results will vary. No income claims are guaranteed or implied. Independent advisors, agents, distributors, reps and or affiliates work on commission, therefore your success is based on a number of factors, many of which are within your control, such as work ethic, persistence and dedication, while other factors may be outside of your control. The videos, audios and materials on this website are not intended and should not be used as legal advice, financial advice, investment advice, tax advice or accounting advice.

Feb 22

Bidpoint Energy Broker Awards and Testimonies

By Mike Healy | Energy Affiliate

At Bidpoint we love our associates!

We understand the struggles and triumphs people go through every day. Creating a secondary income for families is one of the reasons Bidpoint was created and it's heart warming to see people succeed.

Here's a flashback to one of our events and the small token of appreciation we were able to share together.

Download a Copy of Mike Healy's Book, 'Rich in Energy'

Feb 15

Why Bidpoint’s Commercial Energy Bidding Process is Closing the Most Accounts for its Agents

By Mike Healy | Energy Affiliate

There's a reason why Bidpoint Advisors close so many deals...

We've taught our agents a simple phrase to gather commercial clients in all of our verticals, especially commercial energy.
The phrase we use is..."I don't know if I could help you or not but if you'll give me a copy of your utility bills, I can have them analyzed for free to see if you are being overcharged".
The process is really that simple. Collect the bill then let our patent pending portal process get your potential customer best pricing.
...and when the deal closes and they pay their bills, YOU GET PAID!
If you'd like to get a full understanding of what we do, how we do it and how that could create a residual income for you, then check out this video from one of our partners, Jim Charron, on how the entire process works.

Feb 14

Get Paid on Commercial Energy Accounts-Live Business Overview with Co Founder, Mike Healy

By Mike Healy | Uncategorized

If you’ve ever wanted to create a second income without a second job, then the opportunity with Bidpoint might be just what you are searching for.

Bidpoint offers individuals the ability to refer their business relationship contacts to us and then our team of experts help those business lower costs on natural gas, electricity, wireless, waste and other services.

Our service in almost every case is ‘no cost’ to the business which is an incredible win win.

Check out this live presentation about just the energy portion of our companies services.


Download a Copy of Mike Healy's Book, 'Rich in Energy'

Feb 07

Commercial Energy Referral Program

By Mike Healy | Energy Affiliate

Have you ever thought about the financial possibilities of becoming a Commercial Energy Referral Advisor?

Many people, just like you, are desperately seeking other ways to increase their income without having to get a second job, changing careers or becoming an internet marketing wiz.
In the video below, you'll see how simple our program is with Bidpoint and how easily you could be getting paid just for your referrals.

Some of the benefits of adding 'Commercial Energy Advisor' to your 'Side Gig' list...

1) Very little time involved. Just tap into your already existing contacts, ask them if you can do a free analysis to see if they are being over charged.
2) Get copies of their bills
3) Hand off the work to our team so we can do an analysis and get your potential client the best pricing with a non-biased quote.
4) Get Paid! Once we get the best pricing for the client, we suggest different, best pricing options. Once contracts are signed and energy begins to get delivered, we pay you again and again on the energy usage of the business.

Below is just a sampling of what can happen in the commercial space. Think of the potential earnings you could achieve by just referring any of our free services to clients.

Download a Copy of Mike Healy's Book, 'Rich in Energy'

Sep 25

Commercial Energy Cost Reduction Service- Is Your Business Being Overcharged?

By Mike Healy | Uncategorized

What if you were being dramatically overcharged on something your business has to have and already uses, but you didn’t even know it?

I’m sure you’d want to know as soon as possible and stop the losses, right?

Well at absolutely no charge, we can help!

As you may or may not be aware, Electric and gas energy in your state is being deregulated. Now this allows alternative suppliers and energy to sell power to commercial customers in your state, as well as in other states that have already been deregulated, deregulation is driving down the cost of energy.

The result is lower energy costs providing tremendous annual savings and improving the bottom line of commercial and residential customers alike.

Now we can help any type of business, big or small nonprofit, or for-profit even government entities, offices, and buildings. And we’re expanding into your area, whether it’s a big savings or a little savings, it all adds up and the savings are important to any business.

Now, here are a few rapid fire examples…

We saved a very small manufacturer with just a few employees, 42% on their utilities, a savings of $4,800 a year.

We saved a wine selling business, 40%. That’s a savings of $7,100 a year.

We saved an Asian bistro, 29% on their gas bill, a savings of $6,200 a year.

We saved that same Asian bistro, 43% on their electric bill, a savings of $11,900 a year. Total savings for that one little business, $18,000.

We saved a pizza parlor, 46% that’s $17,000 a year in savings.

We saved a small school district, 23%, a savings of $21,000 a year.

We saved a small village, 23% of savings of $25,900 a year.

We saved a church, 37%. We took their bill from $110,000 a year down to 81,000. That was a savings of $29,000 a year.

We saved an egg farmer, 14%. That was $190,000 a year in savings.

We saved a medical center, 8%. That’s a savings of 200, $5,000 a year.

And we saved a large warehouse, complex, 15%. A savings have listened to this, $1,072,00 over two years.

Now I could go on and on, but I think you get the point.

I don’t care what kind of business you have, If you’re a user of commercial, gas and electric, we can probably save you money.

Now, what will change for you, the customer?

Well, you could reduce your bill by 10 to 30%, maybe more. Other than that, in most cases, billing will continue to come from exactly the same company, but again, it can be discounted now.

No interruption to service, no change in meter readings and the same company continue to service you the customer.

How do we do it?…

We are unbiased energy consultants that broker multiple energy suppliers, nationally looking to lock in the best energy rate for you. We can do a reverse auction amongst all our energy suppliers. And the low bid is submitted to you.

By the way, we are paid by the supplier based on your usage, not on your rate. Our fee for service is already factored into the pricing model of every energy supplier nationwide as a plan cost of customer acquisition.

This is not an inflation of the cost of your energy. There’s no surcharge since we are not compensated based on the rate. This assures you that we can, and will see the lowest rate for you because we want to be your company’s energy consultant for life.

Now, we don’t know for certain, if we can help you or not, but if you will merely provide us with a recent copy of your gas and electric bills, our company will analyze them for free to see if you’re being overcharged and potentially losing a lot of money.

We guarantee that we will charge you nothing for the analysis, and we will charge you nothing for seeking out the best price. We guarantee that you will never have to pay us anything.

However, it may cost you enormously, if you do not, because you won’t even know how low your energy rates would have been to begin the savings process.

Nov 16

Your Business is Probably Being OVERCHARGED on it’s Energy Costs and You Don’t Even Know it

By Mike Healy | Uncategorized


All things being equal, would your business rather pay more or less for electricity and natural gas?

I’ll make the assumption you said less.
Would it surprise you to find out most people pay more – more than they have to?

In fact in most cases we find that 72% of businesses are being OVERCHARGED but don’t even know it.

So how would you find the best price for your business?

How much time would it take to –

  • Listen to the sales pitch from multiple sales people
  • Read through the stack of marketing materials and verify their claims
  • Answer the multiple follow up calls that inevitably come from sales people trying to meet

    this month’s sales quota

  • Scour the fine print of all those contracts making sure there’s no hidden pass through

    charges buried on page 5 of a contract.

  • How much time would it take to Make sure that whatever you’re comparing is truly an apple-

    to-apples comparison?

  • Would you limit your search to just 3 potential energy providers?
  • Would you spend the time and effort to investigate 4 energy providers or would it be 5  (Our proprietary system has over 70 competing Energy Suppliers all meeting the high standards and licensed to do business by the Public Utility Commission in the states that have deregulated electricity and natural gas )
  • If you limit your search to just a few energy suppliers – How would you know that you truly had the best price available?

    BidPoint has developed a system that gets the top-tier energy providers competing for your business. This system will reveal the best price available – How much would you pay to have access to a system that finds best pricing?

  • Well you can put the checkbook away – we won’t ask you for your credit card either – you won’t pay Bidpoint to find best pricing. You’ll have full access to our system through a personal one on one connection with one of our agents. BidPoint will find your best price, present the findings to you, and if it’s advantageous to switch, BidPoint will arrange all the paperwork for you to take advantage of lower energy costs. Only then does BidPoint get paid and like a buyer’s agent in a real-estate transaction, BidPoint gets paid by the seller – the energy supplier – no additional charges – just like a real estate transaction commissions are included in the price quoted.

    Almost sounds too good to be true – that’s what we thought too. And we love it. Not only will we do this the first time. But we will manage the process over and over again – Don’t slip into higher rates because you failed to renew energy agreements in time. 90 days before your contract expires we’ll start the process all over again. Insuring you always stay in best pricing year after year – on and on – never pay more than you have to.

    With a no risk – opportunity to discover best pricing – is there any reason you wouldn’t want to take action now?

    All things being equal, would you rather pay more or less for electricity and natural gas? Would you like BidPoint to check and make sure you’re not being overcharged?  Interested in a FREE analysis? Send an email to rick@bidpoint.co

Check out our services >> http://bidpointservices.com 





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