You are here: Home » Blog

5 Things Colocation Does for a Small Business

by Guest on November 7, 2013

Colocation services have become one of the fastest growing trends in business. This service, which provides data storage and other IT related services to companies of all sizes, has been found to be safer and more reliable than cloud storage. At a time when all data is critical to the survival of a business, how and where you store your digital assets can make the difference. Firms that are unsure about the many benefits received when using such a service should consider the following facts to base their decision:

1. Data Expansion

Colocation offers you the opportunity to expand your data capabilities when needed. All-too-often when a business grows, they are forced into a larger location just to house the additional space required for servers and data storage. When you use this service, the expansion can be easily made.

2. Less Down Time

A colocation service will offer multi-redundant power systems as well as multi-homed Internet connectivity. This will ensure that your servers remain working and that your data is accessible.

3. Reduced IT Staff

You will not be required to maintain a large IT staff to manage your servers and data processing. All of this will be handled as part of your service package with a professional colocation company. This reduction in IT staff will allow you to allocate that money into other employment positions that will increase your sales.

4. Increased Security

At a time when hacking has become as commonplace as chewing gum, you need to ensure that your digital assets are protected at all times. A colocation service will continue to manage and upgrade security systems in their business to protect the data that is stored in their facility. Their ability to obtain the “latest and greatest” protection methods for data is a large benefit to your company.

5. Retained Data Control

You will not be cut off from your data at any time, nor will you be required to allow someone else to manage it for you. You will always remain in control of your digital assets.

Businesses must accept the fact that their digital assets are their greatest assets in today’s business world. With more and more business being conducted online or over the Internet, it is important for businesses to do whatever it takes to protect those assets and keep them accessible. One breach in your system could lead to a catastrophic loss in business.

The final benefit to this type of service is that it has had a success rate for protecting data that is much greater than cloud-based storage. Many news reports have included breaches in security for cloud-based storage, resulting in many millions of dollars’ worth of damage to consumers and businesses alike. However, none of these security breaches took place in a data storage or colocation site.

 

 

{ 0 comments }

A driving under the influence charge, or DUI, is a much more serious matter than many individuals realize. The license suspension and fines are significant, along with the possibility of incarceration. It is important to remember that driving under the influence is a criminal charge, and it may be necessary to pursue expunging the record in the future, in order to possibly qualify for a loan.

 How a DUI Affects Your Small Business Loan

The situation depends on the type of loan in most cases. If a loan application requires a criminal history check and disclosure on the application, then it is eminent that it will be used in the qualification process. When a DUI includes any illegal drug charges it clearly shows more disregard for the law. This is often enough of a character flaw to affect a denial, though it may not be a primary reason.
Small business loans should be affected if there is no criminal history requirement on the application. A license suspension for an individual whose employment is dependent on driving also impacts the ability to get a loan, because it has a direct bearing on financial resources and cash flow.

The inability to drive from long-term suspended driving privileges affects an entire life. Multiple offenders clearly need experienced and competent legal representatives when there is any chance that a DUI can be amended to impaired driving. Just having an attorney and being willing to present a case to the court shows that the defendant knows the issue is serious. The impact this can have on an individual’s credit rating and loan capacity can be measured in many ways.

 

{ 0 comments }

The Debt Ceiling and Its Impact on Small Business

August 3, 2011

  No matter which television news network you watch, you’ll be certain to hear heated discussions about the nation’s debt ceiling. Though there has been some agreement, the latest proposed bill must still weave its way through Congress. While politicians, journalists, financial experts and government pundits are all weighing in on the discussion, it gets […]

Read the full article →

How Business Loan Rates are Determined

October 3, 2010

Have you applied at multiple lenders for a small business loan? Were you wondering exactly what they use for criteria to determine what the rates and terms will be? You’ve probably already figured out that a prime rate is a non-existent number when it comes to business financing, so how exactly do the banks know […]

Read the full article →

First Time Business Loan | 9 Things You Need to Know Before Applying

February 26, 2010

So you have decided to start a business and get a loan for the first time, congratulations! All you need to do now is find some cash to get your new business off the ground. If this is your first-time business loan adventure, go through this 10 step guide. Learn what you need to know […]

Read the full article →

Will Microloans Help Small Business Create Jobs?

February 23, 2010

The President has championed opening doors for small businesses, with job creation being the highest priority. For many owners,  access to capital is a challenge. Small businesses find themselves in need of loans to cover their routine operating cost. Would free up working capital encourage companies to hiring new employees and expand payroll?

Read the full article →

Bankers Survey Reveals if the Obama $30 Billion Plan Will Work

February 10, 2010

The Senior Loan Officer Opinion Survey on Bank Lending Practices Gives Insight If The Obama’s $30 Billion Small Business Plan Will Work. The latest survey sheds some light on the current condition of the lending industry. What it reviles is a decline in demand for commercial real estate loans and an increase in loan standards.

Read the full article →

SBA Funding | $55 Billion in financing activity expected

February 2, 2010

The Small Business Administration Fiscal Year 2011 budget will support $55 billion in lending through the 7(a) program. The SBA knows that capital will help stabilize the current economic conditions, $39 billion well be able to be supported in loan activity. With loan repayments, total expected credit activity could be as high as $55 billion. […]

Read the full article →

How to get a SBA Microloan | United States should take a lesson from China

January 26, 2010

China’s central bank recently requested more Microloans to the rural community in China. The reason is that it would spur growth in the most impoverished areas of the country. Is the Small Business Administration doing everything it can to get small loans into the hands of business owners in the United States? Microloans or Micro […]

Read the full article →