Want bring your business international?

It’s easier than you think with a Manhattan virtual office from VH International Business Solutions!

Do you have big plans for your business? Of course you do! The Internet has made it easier than ever to market to a global audience so why wouldn’t you take the opportunity to expand your business? It’s a fabulous idea but many business operators have found that while they can reach prospective clients all over the world with their advertising, getting overseas clients to advance to the stage of placing an order is a different matter, particularly if you don’t have any overseas offices. Here are three of the main reasons for their reluctance:

1. People like to shop locally. This can apply to corporate clients as well as individuals.

2. When you’re ordering from an interstate or overseas business, there’s a nagging doubt that you’ll receive the product or service promptly. When you don’t have a street address people can relate to they can have difficulty forming an opinion on the size and professionalism of your business. When in doubt, they’ll revert to a local supplier.

3. Credibility – if the business is run predominantly online, is based overseas or interstate and has no street address displayed, it raises doubts as to whether it is a legitimate operation. At the very least it raises the concern that if you pay your money and your product or service doesn’t arrive there is no way of tracing the perpetrator.

Of course, setting up physical offices overseas is a major expense and one that is out of reach for the majority of business operators – but there is a viable alternative. A Manhattan virtual office from VH International Business Solutions is your answer. Starting from just $25 a month you can have a Manhattan office. You’ll be able to use the prestigious office address, and have mail sent to your Manhattan address and forwarded to you. You can even take advantage of a Manhattan phone number that diverts to your number or to a message service. Live call answering is also available for your overseas Manhattan office! And if you’re ever in the situation where you need to meet clients in Manhattan, you’ll be able to book office space to use at your physical Manhattan office address.

If you’re planning to go international, a Manhattan virtual office will get you off to a great start without costing you a fortune.

The primary difference between a Business LOC and a business loan is that with a credit line you can draw down the principal as needed rather than taking on a debt obligation as one lump sum. You only pay interest on the portion of the credit line that you have drawn down. Additionally, with a Business LOC you are able to repay the principal of the credit facility and reuse it again at a later time. A business line of credit works very similar to that of a credit card with the exception that it is to be used for business purposes rather than personal purchases.

Additionally, Business LOC facilities typically do not have a plastic card associated with their usage. In most situations, the borrower (you) are given a series of checks as if the credit line were a checking out with a finite balance. Each time that you need to drawn down the Business LOC you can write a check to a supplier, vendor, or to yourself (to be deposited into your operating account). This allows you tremendous flexibility when using a Business LOC.

In the case of a business loan, you are granted the full amount of the applied for credit once approved. In this case, you are required to pay interest on the full borrowed amount even if you are still waiting to use some of the debt proceeds. This is the benefit to a business line of credit versus a business loan. However, much like business loans, Business LOC can be applied for in a similar manner. The SBA has a number of programs that allow small business borrowers to acquire business lines of credit as if they were business loans.

If you do not intend to use all of the capital you require for one major purchase then using a Business LOC may be in your best interest. As we advise everyone, you should always speak to a qualified business accountant (who has a CPA designation) to determine which credit facility is most appropriate for you.