Your Questions About Business Online Banking
John asks…
Is it possible to start an online retail business without any money?
I can design my own website and use PayPayl or eBay to process orders. But how can I start up an online retail business without a bank loan, during a time when banks have stopped loaning to consumers?
Jere answers:
Besides the SBA, look around for microlending organizations in your community. Many of them receive funding from the SBA, and can help you develop a business or marketing plan. The loan amount are small, but for the kind of business you’re talking about, it may be enough.
Good luck!
Pamela Johnson
http://www.SewingMachineRepairing.com
(also a community college business instructor)
Susan asks…
I want to open an online business, can I open up a business account with banks or credit card companies?
Also I need help with what I want to sell. I want to sell online items and not sure how to go about it. What do I do?
Jere answers:
You can open a business account with banks, but it will be harder to convince them and/or a credit card company to give you a line of credit until your business is proven a bit more. Its not overly hard though 🙂
Charles asks…
What is the most basic version of quickbooks that allows online banking?
I run a small business and have been told/suggested to get quickbooks by my accountant. I also would like to use it for my online banking. What is the most basic/cheapest version to buy?
Jere answers:
QuikBooks Pro..
The Enterprise version is 2-3X the version listed above. Either version is a SUPERIOR product
Carol asks…
Will my cheque show up on my online banking account when cashed?
I am sending a cheque to a U.S business and was wondering if it will show up on my Scotiabank online banking account?
Jere answers:
Yes it will show on the online banking but it might be a little delayed.
Mary asks…
What are some things I need to do to start and Online business ?
My 2 friends and I want to start a business designing funny shirts and stuff. What do we need to do?
Besides like the domain name..
Getting the payment method set up
stuff like that…
Do we need a license ?
How do we open a business bank account ?
Thanks guys.. I’m no good at this so anything will help..
Jere answers:
Get a business license at city hall and take a copy to the bank to open a business account.
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