10/8/15 – What You Need to Know Before You Borrow Money for your Small Business

@QBOchat Welcome everyone to #QBOchat. Please introduce yourselves to the group -> Name, location & name of biz. #QBOchat
@fundera Good afternoon everyone! Meredith tweeting behind the Fundera handle in good ole NYC. #QBOchat
@TSheets_Debbie Hey everyone! This is Debbie with TSheets PRO Support! #QBOchat
@QBOchat .@CathyIconis here from my couch in Atlanta, GA running #QBOchat with a sick toddler. How is everyone? #QBOchat
@tsheets Hi all! Kelly checking in from Eagle, ID, with TSheets! #QBOchat
@Receipts_Damien HI @tasha_gorman how are you? #QBOchat
@TaxPlannerPro Hey Everyone, This is Melissa from Tax #QBOchat
@Receipts_John DC is fantastic, hows BC? I could live without poutine if i’m being honest #QBOchat
@XTBills Hi all, Sara for XTBills here in Plano, TX 🙂 #QBOchat
@receipts_adam hope everyone is excited for the Blue Jays first playoff game in 22 years! #QBOchat
@QBOchat Today’s @Fundera’s takeover. Ready to learn what to know when you want to borrow money? #QBOchat
@jazfun hey all.. Jan here from Sunny Scottsdale sorry I’m.. late all day 🙂 #QBOchat
@vrcqbpro Victoria from SF Bay area – Here as myself today instead of @AeroWorkflow; Nurph decides who I’ll be apparently! #QBOchat
@jazfun Kelly.. good to see you! #QBOchat
@jazfun @tasha_gorman #QBOchat
@TaxPlannerPro Oops.. Tax Planner Pro .. in sunny Bonita Springs Florida !! #QBOchat
@AustinNexus @QBOchat @fundear @XTBills @vheckman Mos def! #qbochat
@tasha_gorman @Receipts_Damien Im Great! Looking forward to #qbconnect, Hope your doing well! #QBOchat
@XTBills @receipts_adam Sure am….but for very different reasons #GoRangers #QBOchat
@vrcqbpro Hi jan!RT @jazfun hey all.. Jan here from Sunny Scottsdale sorry I’m.. late all day 🙂 #QBOchat
@tsheets @jazfun Hi Jan! #QBOchat
@tasha_gorman @jazfun Hi Jan! Great to see you! #QBOchat
@QBOchat Welcome everyone!! What a great turnout for our friends at @Fundera! #QBOchat
@jazfun Hey Victoria! welcome good to see you!! #QBOchat
@vheckman Hey everyone! Valerie from Intuit joining from Illinois. #qbochat
@ignition_tom @QBOchat @CathyIconis Thanks for having us. Best wishes to the toddler! #qbochat
@tsheets @vheckman Hi Valerie! #QBOchat
@QBOchat #QBOchat is a weekly tweetchat about QuickBooks Online, the best in class accounting platform for #smallbiz #QBOchat
@QBOPro Hello! Sharon from QBO Pro powered by Redmond Accounting in Cleveland! #QBOchat
@QBOchat It’s my pleasure! RT @ignition_tom @QBOchat @CathyIconis Thanks for having us. Best wishes to the toddler! #QBOchat
@TJSCMA Hi everyone! #qbochat
@alisonatintuit Halloooo!!! #QBOchat
@QBOchat Each week #QBOchat has a topic to guide our conversation. We’ll start posting questions at 3:10PM ET/12:10PM PT. #QBOchat
@vheckman More excited about the Chicago Cubs win last night @receipts_adam! #sorrynotsorry #gocubsgo #qbochat
@AustinNexus Hey #QBOchat-ters – Brian Austin @avalara ready for the next 55 minutes!
@QBOchat @vheckman @receipts_adam I bet my Daddy is super duper happy!! #QBOchat
@BrightBooks Hi Everyone. Cindy, Bright Bookkeeping Chicago Go Cubs! #QBOchat
@jazfun Hi Sharon! @QBOPro & @Alison! 🙂 Woah @vheckman too 😉 #QBOchat
@tasha_gorman @alisonatintuit Have seen you forever! Miss you lady!! See you at #qbconnect ! #QBOchat
@QBOchat We need a heat map of where all our regulars tweet from. Can I delegate that? #QBOchat
@jazfun Mr @AustinNexus great to see you Is Mrs Austin around? #QBOchat
@Megsquito Heya everyone-Meg B from Intuit Tucson here! Come visit me at http://t.co/ZhG8Cet6Rh with your q’s outside of #QBOChat! #QBOchat
@alisonatintuit @tasha_gorman I know, right?! #QBOchat
@QBOchat Keep the introductions coming – it’s time for some #SponsorShoutout’s #QBOchat
@fundera @alisonatintuit yay!! we’ve missed you too #QBOchat
@QBOchat #SponsorShoutout to @IconisGroup. Outsource your bookkeeping to these #QBOexperts. http://t.co/wSZQpeuoYU #QBOchat
@tasha_gorman have not* @alisonatintuit : ) #QBOchat
@jazfun yay! @BrightBooks way to go your cubbies last night! good game! #QBOchat
@QBOchat #SponsorShoutout to @Tsheets our newest sponsor!! We love their time tracking App. https://t.co/UUQYeBnvKz #QBOchat
@QBOchat #SponsorShoutout to @Fundinggates and their streamlined A/R Mgmt App. https://t.co/P041x2rLO3 #QBOchat
@tsheets @QBOchat Thank you! We’re glad to sponsor such an awesome weekly chat! #QBOchat
@AustinNexus @jazfun Hey Jan! She’s in L.A. and I’m on Bainbridge Island – hope she checks in at some point #qbochat
@receipts_bora Hi sorry Im a bit late today! #QBOchat
@Megsquito You can delegate ANYTHING! RT @QBOchat We need a heat map of where all our regulars tweet from. Can I delegate that? #QBOchat
@QBOchat #SponsorShoutout to @Fundera. Easily find and secure a #smallbiz loan with their App. https://t.co/1Dft0Dmp0d #QBOchat
@tsheets @BrightBooks @QBOchat Awww shucks! Thank you! 🙂 #QBOchat
@QBOchat @Megsquito But to who?? #QBOchat
@QBOchat #SponsorShoutout to @Expensify. #ExpenseReports don’t suck with their App. https://t.co/g9WEVL5cRb #QBOchat
@jazfun gotcha 🙂 Hi anyway to @kimtuitive 🙂 @AustinNexus #QBOchat
@receipts_adam hmm..cubs, jays in the world series? I can handle that @vheckman #Letsgojays @vheckman #QBOchat
@QBOchat @BrightBooks @tsheets I have our picture in our gold shirts on my bookcase in my office. #Love!! #QBOchat
@McQK Hi everyone. Multitasking today with my first time with #qbochat. Tweeting and having a manicure.
@QBOchat #SponsorShoutout to @Avalara who will handle all your sales tax compliance. https://t.co/Bn5tUrEqJn #QBOchat
@ignition_tom looking forward to learning more about @fundera #qbochat
@alisonatintuit @McQK Hi Kathy!!!! #QBOchat
@jazfun welcome @McQK — newbie #qbochatter #QBOchat
@vheckman I’ll take it! RT @receipts_adam hmm..cubs, jays in the world series? I can handle that @vheckman #QBOchat
@QBOPro @McQK Nice! @QBOchat #QBOchat
@AustinNexus @QBOchat @tsheets Great news! And a nice follow-up to their $15 mil Series A round announced this week 🙂 #QBOchat
@QBOchat @McQK Welcome!! Fair warning – we tweet A LOT!! But, so happy to have you here. #QBOchat
@receipts_bora @McQK Im jealous! the best kind of multitasking #QBOchat
@Kimtuitive @jazfun @AustinNexus I’m here, I’m here! Sorry, MAJOR multi-tasking follow up day from big meetings this week! 🙂 #QBOChat
@Emily4Intuit Hello everyone! #QBOchat
@jazfun Love me some @fundera! #QBOchat
@tsheets @QBOchat @BrightBooks Ahhh, the GOLD shirts! Everyone wants one but only a select few have them. LOVE it! #QBOchat
@qbclay Fundera is a great getting funded platform and their tshirts are super soft #QBOchat
@vrcqbpro Sounds difficult! @McQK Hi everyone. Multitasking today with my first time with #qbochat. Tweeting and having a manicure. #QBOchat
@Megsquito Welcome! Glad to have you MT @McQK Hi everyone. Multitasking today w my first time with #qbochat. Tweeting and having a manicure. #QBOchat
@QBOchat The first question is right around the corner, remember to use A1, A2, etc when answering a question. #QBOchat
@Kimtuitive Sorry I’m late – it’s tough to multi-task on #QBOChat without @qbexpertchicago’s 6 monitors… 😉
@tsheets @AustinNexus @QBOchat Thank you so much! We’re still so thrilled!! #QBOchat
@jazfun good to see you :)@getclockshark #QBOchat
@tsheets LOVE @Fundera! #QBOchat
@getclockshark @jazfun Glad to be hear and good to see you too! #QBOchat
@QBOchat Any Mickey Mouse Clubhouse fans out there? Yep! That #QBOchat
@jazfun its that kinda dayRT @Kimtuitive Sorry I’m late – it’s tough to multi-task on #QBOChat without @qbexpertchicago’s 6 monitors… 😉 #QBOchat
@QBOchat oops, hit enter too soon, that’s what’s on right now #QBOchat
@qbexpertchicago @Kimtuitive thanks for reminding me its #QBOchat day
@getclockshark here that is, I do know how to spell. 🙂 #QBOchat
@BrightBooks @QBOchat @tsheets That is a good picture and so much fun to be on the Tsheets Panel. #QBOchat
@Receipts_Damien hey @ignition_tom I heard your scope creep session at #IPBC2015 was stellar #QBOchat
@Kimtuitive nice shade of blue for us blue-eyed girls too! 😉 #QBOChat https://t.co/nm43MMVMQ9
@jazfun congrats on the new funding!! such a huge opportunity for you all ! @Tsheets #QBOchat
@McQK @vheckman Hi Valerie #qbochat
@vheckman @Fundera also has a stellar blog! @mere_wood puts out such great content! #QBOchat
@Kimtuitive @Emily4Intuit Yay! Love seeing you here, Em! 🙂 #QBOChat
@QBOchat Oh!! Can we do a #QBOchat on that? RT @Receipts_Damien hey @ignition_tom I heard your scope creep session at #IPBC2015 was stellar #QBOchat
@fundera @vheckman @mere_wood awww thanks!! #QBOchat
@TSheets_Debbie Thank you @jazfun! We’re excited to see where it takes us! #QBOchat
@QBOchat Q1: How do I know if I can afford a loan? #QBOchat
@vheckman @McQK Hi there! #QBOchat
@McQK @tasha_gorman Hi Natasha #qbochat
@Kimtuitive I’d say that’s a Kim Austin move, but not sure I’ve even ever attempted that one! 😉 #QBOChat https://t.co/Krj5RhLlgk
@tsheets @jazfun Thanks so much! It’s a great week for us here at TSheets! (https://t.co/3e7crSQjCm) #QBOchat
@BrightBooks @Receipts_Damien are you going to be in Chicago in person on 10/26? #QBOchat
@tasha_gorman @McQK Hi! Great to see you! #QBOchat
@fundera The first thing to do is to look at your debt service coverage ratio. #QBOchat
@McQK @CathyIconis super cute. How old? I hope it is a quick recovery #qbochat
@TJSCMA @QBOchat A1: DRS #QBOchat
@TJSCMA *DSR #QBOchat
@getclockshark @Tsheets congrats on your funding. I hope you all got raises 🙂 #QBOchat
@fundera This helps ensure you have enough cash coming in to afford the loan payments. #QBOchat
@QBOchat @McQK @CathyIconis She is 2 1/2 – been sick on and off for a week now. On antibiotics for a few days. #QBOchat
@fundera Your cash flow should be at minimum 1.5 times greater than your debt payments. #QBOchat
@qbexpertchicago @Receipts_Damien @INTStacy I heard you are speaking to the Chicago NAN group in a few weeks. I’m looking forward to it #QBOchat
@Receipts_Damien @BrightBooks Sure will be in the flesh! I’m bringing @ignition_Max with me too #QBOchat
@tsheets @getclockshark LOL! Nope! But thank you! 🙂 #QBOchat
@BrightBooks Very Cool. I will be there. RT @Receipts_Damien @BrightBooks Sure will be in the flesh! I’m bringing @ignition_Max with me too #QBOchat
@QBOchat @fundera I love this tip!! So, for people that have a negative cash flow, this isn’t a great sign. #QBOchat
@jazfun A1: As one of my clients so eloquently put it… look at my bank accounts.. I need help 🙂 #QBOchat
@vrcqbpro Hey @ignition_tom – thanks for your help yesterday! All set up with @ignitionapp – thanks! #QBOchat
@TJSCMA @Fundera is your product relevant for Canadian companies? #QBOchat
@McQK @Kimtuitive Great to “see” you at #qbochat.
@fundera @QBOchat yep yep. Very tough to get a loan before your profitable, unless you have consistent revenue growth MoM #QBOchat
@Receipts_Damien In #QBOconnect news – post googoo dolls make sure you’re ready to party hearty http://t.co/jERQHky8JP #QBOchat
@fundera Learn more about DSCR here: https://t.co/RQ680R1Tnu #QBOchat
@vrcqbpro Good rule of thumb! RT @fundera Your cash flow should be at minimum 1.5 times greater than your debt payments. #QBOchat
@fundera @TJSCMA not currently, but we hope so in the future. It all depends on when our lenders start working in CA. #QBOchat
@salt123 Good afternoon everyone! Joining a little late from Intuit in Reno. #QBOchat
@qbexpertchicago @BrightBooks @Receipts_Damien @ignition_max @INTStacy awesome it should be fun #qbochat
@tsheets @Receipts_Damien Party of the century! #PartyHearty #QBConnect #QBOchat
@vheckman @Receipts_Damien & @ignition_Max in Chicago the week of Halloween? Where’s the party? 😉 @BrightBooks @qbexpertchicago #QBOchat
@ignition_tom Thanks @Receipts_Damien I’ve learned from mistakes. There are ways to be rid of it though. @QBOchat, I think its a great topic for #qbochat
@McQK @vrcqbpro slow typing. #qbochat
@XTBills ‘How do you know if you can afford a biz loan?’ @jazfun As one of my clients so eloquently put it… look at my bank accounts.. #QBOchat
@QBOchat @ignition_tom @Receipts_Damien just sent some DM’s #QBOchat
@salt123 @tsheets @Receipts_Damien Do we need an invite to join your party? #QBOchat
@McQK @vrcqbpro how are you? How’s Method? #qbochat
@BrightBooks Congrats to our Fearless #QBOChat Leader @CathyIconis Named 2015 MP Elite. @accountingtoday http://t.co/dcxQEYXSYM #QBOchat
@vrcqbpro @methodCRM is good! They moved to AWS which has been great. #QBOchat
@McQK @receipts_bora two special treats at the same time. #qbochat and #manicure
@vrcqbpro Yea @BrightBooks Congrats to our Fearless #QBOChat Leader @CathyIconis Named 2015 MP Elite. @accountingtoday http://t.co/s5rqp3h7O9 #QBOchat
@Kimtuitive @McQK You as well! 🙂 #QBOChat
@QBOchat @BrightBooks @CathyIconis @accountingtoday Thanks!!! It is an honor like the other few awards I’ve picked up recently. #QBOchat
@vheckman 3 weeks, 3 days, 19 hours, 40 minutes til QB Connect! Not that I’m counting or anything #QBConnect #QBOchat
@McQK @QBOchat I’ll read once the polish starts #qbochat
@BrightBooks @QBOchat @CathyIconis If you have enough awards you can leave the trip to Hawaii to us 🙂 #QBFirmofthefuture #QBOchat
@Receipts_Damien @salt123 @tsheets Nope, just click that link and get yourself registered #QBOchat
@PandRAccounting @qbochat Back to #QBOchat after a few months! New baby has us busy!
@QBOchat @BrightBooks @CathyIconis Ha!! I would love that sucker, but there are so many awesome firms in the Firm of the Future contest. #QBOchat
@QBOchat Q2: What type of financing is available to businesses? #QBOchat
@QBOchat @PandRAccounting New baby?! Congrats!!!!! #QBOchat
@jazfun The way I see it.. everyone in this group has #QBFirmsOftheFuture 🙂 #QBOchat
@fundera Depends on how your business is financially. The best borrowers should look at bank loans and SBA loans. #QBOchat
@fundera AGREED! RT @jazfun The way I see it.. everyone in this group has #QBFirmsOftheFuture 🙂 #QBOchat
@tsheets @salt123 @Receipts_Damien I think this is your invite! 😉 Get registered and we will see you there! #QBOchat
@QBOchat Agreed!! RT @jazfun The way I see it.. everyone in this group has #QBFirmsOftheFuture 🙂 #QBOchat
@fundera @PandRAccounting @qbochat congrats! #QBOchat
@BrightBooks Definitely! RT @jazfun The way I see it.. everyone in this group has #QBFirmsOftheFuture 🙂 #QBOchat
@McQK @alisonatintuit Hi Alison. Any recent world travels? #qbochat #alisonspreadsqblove
@fundera If you’re strong financially but need funding fast, try medium-term loans. https://t.co/fE5nCyTFyg #QBOchat
@jazfun Pics Please @PandRAccounting #QBOchat
@fundera @tsheets @salt123 @Receipts_Damien do we have to register?! #QBOchat
@QBOchat @BrightBooks @jazfun Who needs Hawaii when we get to share our love of QBO with all of you each week? #QBOchat
@jazfun traditional bank options take too long. Loans, borrow from friends & Family Or Alt.. Like @fundera @QBOchat A2: #QBOchat
@salt123 @tsheets @Receipts_Damien I’m registered and I’ll be there! #QBOchat
@vrcqbpro Are Hawaii and @QBOchat mutually exclusive? #QBOchat
@fundera If you’re still building up your business financially, short-term loans might be your best bet. #QBOchat
@QBOchat @fundera I love the advantages and disadvantages you have listed on that link!! #QBOchat
@alisonatintuit .@McQK Not recently – but this will start up in the new year for sure. Once we clear #QBConnect! #QBOchat
@PandRAccounting @jazfun #QBOchat http://t.co/0uOCD7Zu2w
@fundera There’s also specialized financing, like invoice financing and equipment loans. #QBOchat
@QBOchat @vrcqbpro I guess not, just trying to show how much I love you guys. #QBOchat
@fundera @QBOchat all of our product pages list pros and cons. You can find them all here: http://t.co/x32qPFXZUF #QBOchat
@EileenRSassCPA Late – but @nurph was being difficult again! Wish I knew what caused it… #QBOchat
@fundera @PandRAccounting @jazfun what a sweetie!!! and that outfit! #QBOchat
@alisonatintuit .@QBOchat A1 – I think getting a loan may be scary for some business owners… what does the group think about that? #QBOchat
@jazfun ADORABLE!!!! RT @PandRAccounting @jazfun #QBOchat http://t.co/M7zJhnAKIU #QBOchat
@QBOchat So cool! RT @fundera @QBOchat all of our product pages list pros and cons. You can find them all here: http://t.co/7JwkemxYPW #QBOchat
@BrightBooks @PandRAccounting @jazfun Adorable. #QBOchat
@QBOchat @EileenRSassCPA @nurph Maybe it is because it is on our site? You can always go straight to nurph too – http://t.co/wVli4aw1Li #QBOchat
@fundera @alisonatintuit @QBOchat It should be scary! But consult your accountant or bookkeeper first #QBOchat
@jazfun A2:Most loans take forever.. the company is out of resources by the time the get help. @QBOchat #QBOchat
@fundera Then go through the steps to ensure it’s right for your business. We created a toolkit here: http://t.co/X1T5JQr1kR #QBOchat
@PandRAccounting @BrightBooks @jazfun He has his own office already haha! #qbochat
@alisonatintuit .@fundera @QBOchat LOVE that advice!! “Consult your Acct or bkkpr before you get a loan!” #QBOchat
@QBOchat Really? RT @jazfun A2:Most loans take forever.. the company is out of resources by the time the get help. @QBOchat #QBOchat
@fundera @jazfun @QBOchat Best time to apply for a loan is before you need it! #QBOchat
@fundera You’ll get better rates that way #QBOchat
@McQK @PandRAccounting @QBOchat congrats on new baby! #qbochat family is expanding thanks to you!
@QBOchat @jazfun I honestly don’t have too much experience helping clients get loans. I do tell them about @fundera though. #QBOchat
@fundera Accts and bookkeepers can help by spotting cash crunches in the future #QBOchat
@XTBills Getting A+ tips from @fundera! “If you’re still building up your business financially, short-term loans might be your best bet.” #QBOchat
@EileenRSassCPA @QBOchat @nurph No problem getting to nurph but when I click to log in to twitter it goes nowhere and yes twitter is open. #QBOchat
@ignition_tom Always a pleasure Victoria @vrcqbpro @ignitionapp #qbochat.
@alisonatintuit .@QBOchat A2 – some people try and get financing from family and friends. Good idea or #worstideaever ? #QBOchat
@QBOchat Agreed! Let the acct help with these tasks. RT @fundera Accts and bookkeepers can help by spotting cash crunches in the future #QBOchat
@PandRAccounting @McQK @QBOchat We have to have someone to keep us young as we get older! #qbochat
@vrcqbpro I have that slide in my Cash Flow session for #QBConnect! RT @funderaBest time to apply for a loan is before you need it! #QBOchat
@jazfun @qbochat I used them for a client they were fast and fantastic @fundera made my client HAPPY #QBOchat
@QBOchat @vrcqbpro @funderaBest You are doing a cash flow session? Awesome!! #QBOchat
@fundera @alisonatintuit @QBOchat very…scary…territory. If you do it, you want to set it up like it’s an actual loan! #QBOchat
@fundera @vrcqbpro @funderaBest that’s amazing! Such great advice. #QBOchat
@vrcqbpro Yes on the SMB track at #QBConnect – Cash is King! #QBOchat
@McQK Big money is in the house. Congrats again @tsheets. Growing bigger and better for our clients. #qbochat
@PandRAccounting @alisonatintuit @QBOchat Awful Idea! The mean look you get when you tell them you are taking a vacation after borrowing money! #qbochat
@vrcqbpro I only have a little part on funding, since there is a separate session, but @Fundera gets a shoutout. #QBOchat
@AustinNexus @alisonatintuit @QBOchat We know Scott Cook’s answer 😉 #qbochat
@fundera @vrcqbpro that is amazing Victoria! Thank you so much! #QBOchat
@tsheets @McQK Ha! Thanks again, Kathy! 🙂 #QBOchat
@Receipts_Damien Two of @receipts_adam’s favorite things #qbochat and the @BlueJays http://t.co/0kbxrp5G4R
@fundera @Receipts_Damien @receipts_adam @BlueJays GO RANGERS!!!!!!!!!!! #QBOchat
@BizBooksCloud sorry I am #learylate everyone #QBOchat
@jazfun sorry didn’t get my reminders out today 🙁 my bad @BizBooksCloud #QBOchat
@XTBills Sounds like Fundera knows what’s up 😀 RT @fundera @Receipts_Damien @receipts_adam @BlueJays GO RANGERS!!!!!!!!!!! #QBOchat
@BizBooksCloud Brent Blackburn here in Utah, owner of Biz Books Cloud LLC #QBOchat
@QBOchat It’s OK! Thanks for coming!! RT @BizBooksCloud sorry I am #learylate everyone #QBOchat
@fundera @Receipts_Damien @receipts_adam @BlueJays the last half of this chat is gonna get real akward.. #QBOchat
@QBOchat Q3: What are some good reasons to get a loan? #QBOchat
@TSheets_Debbie Hi Brent @BizBooksCloud Happy to see you! #QBOchat
@BizBooksCloud I just returned from a meeting with a client, so the reminders wouldn’t have helped #QBOchat
@fundera @XTBills @Receipts_Damien @receipts_adam I see that Plano address! Nice! #QBOchat
@fundera Growth! Needing or wanting loan is often because business is booming, not struggling. #QBOchat
@EileenRSassCPA @QBOchat A3: To handle growing pains in making it to the next level! #QBOchat
@BizBooksCloud Ditto! RT @TSheets_Debbie Hi Brent @BizBooksCloud Happy to see you! #QBOchat
@fundera So, good reasons are: expanding to another location, investing in a marketing channel that you know works. #QBOchat
@QBOchat @jazfun @BizBooksCloud We overlapped each other last week and we were both behind this week #QBOchat
@fundera Or, perhaps you need to hire more employees to service more customers. #QBOchat
@fundera In short, if you can guarantee the revenue you’ll generate from the investment will outweigh the cost, it’s good. #QBOchat
@QBOchat Great reason! RT @fundera Growth! Needing or wanting loan is often because business is booming, not struggling. #QBOchat
@JulietAurora @QBOchat A3: Growth. Growth. Growth #QBOchat
@fundera So many people think a loan means is bad, when it often means business is GREAT #QBOchat
@jazfun A3: New equipment or building , assets purchases @QBOchat #QBOchat
@JulietAurora @QBOchat A3: To transfer from high interest debt to low interest debt #QBOchat
@fundera @JulietAurora @QBOchat Yes, yes, yes. This is one of our #1 loan uses #QBOchat
@receipts_adam @fundera @XTBills @Receipts_Damien This is crazy – where are my fellow Canadians?! #playingforanation #qbochat
@QBOchat And justify that added revenue these will bring. RT @jazfun A3: New equipment or building , assets purchases @QBOchat #QBOchat
@fundera @JulietAurora So many SMBs get into products that are too expensive for them #QBOchat
@JulietAurora @receipts_adam @fundera @XTBills @Receipts_Damien I’m here! Proud Canadian 🙂 #QBOchat
@TJSCMA @receipts_adam HERE! Let’s go BlueJays!!! #QBOchat
@BizBooksCloud A3 The first reason I think is to make sure that cash is available for things like payroll when payments are lagging #QBOchat
@QBOchat @fundera @JulietAurora You have great tips for that too, right? #QBOchat
@JulietAurora @fundera Absolutely. That is why they need a good bookkeeper or accountant to guide them in the right loan structure 🙂 #QBOchat
@vrcqbpro A3: Working capital for seasonal businesses. #QBOchat
@PandRAccounting Do you all feel the same about getting loans in your personal life? #qbochat
@QBOchat Good one! RT @vrcqbpro A3: Working capital for seasonal businesses. #QBOchat
@TJSCMA Sorry guys! Gotta run! Happy Thanksgiving to all the Canadians in the chat! #QBOchat
@QBOPro @QBOchat A3. To fund expansion or to help with cash flow. #QBOchat
@QBOchat @PandRAccounting Well, what are examples of how personal loans can increase revenue? #QBOchat
@JulietAurora @TJSCMA Happy Thanksgiving to you too! Unless you are in the US, then not yet 🙂 #QBOchat
@fundera @JulietAurora that is music to our ears… #QBOchat
@QBOchat @JulietAurora @TJSCMA Ha!! #QBOchat
@tsheets @TJSCMA Happy Thanksgiving! #QBOchat
@fundera @vrcqbpro oh yeah! lots of people applying for loans now to prep for the holidays #QBOchat
@QBOchat @fundera @vrcqbpro Really? What industries see slumps during the holidays? (Brain isn’t working) #QBOchat
@XTBills @fundera @vrcqbpro We JUST shared a link this morning about what SMBs can’t do to get ready for Christmas! #GetOutOfMyBrain #QBOchat
@fundera @QBOchat @vrcqbpro not slumps — MORE BUSINESS. #QBOchat
@XTBills Oy vey…that should’ve said CAN #TwitterChatFail #QBOchat
@fundera @QBOchat @vrcqbpro come on remember — financing = growth, not slumps! #QBOchat
@PandRAccounting @QBOchat Most people can justify it many waysLower interest,student loans, fuel efficient car. But it doesnt really mean it is good #qbochat
@fundera @QBOchat @vrcqbpro so, if you’re a retail shop, chances are you need more inventory for the surplus of holiday shoppers #QBOchat
@QBOchat @fundera @vrcqbpro oops #QBOchat
@fundera @QBOchat @vrcqbpro or to hire seasonal employees, up your marketing to compete #QBOchat
@PandRAccounting @QBOchat @fundera @vrcqbpro Lawn Care #qbochat
@QBOchat @fundera @vrcqbpro Oh!! I was thinking to help carry them through a low season. Oops #QBOchat
@fundera touche RT @PandRAccounting @QBOchat @fundera @vrcqbpro Lawn Care #QBOchat
@vrcqbpro @fundera Great! Retail businesses often need working capital for adding inventory before the holiday buying season #QBOchat
@JulietAurora @QBOchat @fundera @vrcqbpro They should prepare for their upcoming low season, DURING their high season #QBOchat
@QBOchat @XTBills Talk about a #twitterchatfail #QBOchat
@vrcqbpro @JulietAurora – easier said than done for some #QBOchat
@QBOchat Could be easier if they listen to their acct RT @vrcqbpro @JulietAurora – easier said than done for some #QBOchat
@BizBooksCloud Lots of businesses slump in either the winter or the holiday season as ither weather or customer focus hanges #QBOchat
@alisonatintuit @QBOchat A3 Seasonal businesses have it kind of tough. But as long as they are making money (overall at YE) they can make it #QBOchat
@JulietAurora @QBOchat @vrcqbpro Yup. But who said that life should always be easy 🙂 SMB’s already know that it isn’t always 🙂 #QBOchat
@vrcqbpro True – Hard cycle to break though @JulietAurora Could be easier if they listen to their acct – easier said than done for some #QBOchat
@EileenRSassCPA @QBOchat A3: You are rejected by #SharkTank #QBOchat
@alisonatintuit @QBOchat A3 I’ve never been a fan of “spend while you have it” and then “borrow when you don’t” – a good acct or bkkpr can advise! #QBOchat
@PandRAccounting We are @daveramsey followers, so it is hard for us to talk about loans and debt in a good way #qbochat
@tsheets @EileenRSassCPA @QBOchat Ha! #QBOchat
@vrcqbpro LOL! RT @EileenRSassCPA @QBOchat A3: You are rejected by #SharkTank #QBOchat
@fundera @PandRAccounting @daveramsey totally understand that! #QBOchat
@alisonatintuit .@QBOchat A3 Debt can be good, if it is structured the right way, and take out for the RIGHT reasons #QBOchat
@QBOchat Q4: What are some bad reasons to get a loan? #QBOchat
@JulietAurora @vrcqbpro Sometimes the cycle has to break slowly, they need to borrow less & less until they don’t have to-1st step is being aware #QBOchat
@vheckman sorry guys, PC problems. #QBOchat
@fundera @PandRAccounting @daveramsey you’d really love the program Profit First #QBOchat
@PandRAccounting @alisonatintuit @QBOchat Our business is somewhat seasonal (tax season) but we know to take our revenue and save it for later #qbochat
@alisonatintuit .@Fundera – what are good reasons in your mind to take out a loan? #QBOchat
@alisonatintuit .@PandRAccounting @QBOchat and you get the the SMARTY PANTS award for today 🙂 YAYY you!!! #QBOchat
@fundera @alisonatintuit really anything where you can say it will drive more than enough to cover the cost #QBOchat
@QBOPro @QBOchat A4. To keep a failing business going, throwing good money after bad. #QBOchat
@PandRAccounting @fundera @DaveRamsey Got a link/Info? #qbochat
@fundera @alisonatintuit so, really, it’s an investment first and foremost. #QBOchat
@fundera @alisonatintuit but of course, I’m also a huge fan of debt refinancing. #QBOchat
@XTBills @QBOPro @QBOchat Fix the hole before you buy a bucket for your sinking ship! #QBOchat
@fundera @alisonatintuit I also understand taking out small loans to build business credit, which can open up all sorts of door #QBOchat
@fundera @QBOchat A4. To cover a cash crunch…and you don’t know how you’ll get the money to pay it back. #QBOchat
@QBOchat @alisonatintuit @fundera This topic idea came from a conversation I had with @fundera at Scaling New Heights. #QBOchat
@fundera A4 – To take advantage of discounts on inventory or supplies your business doesn’t really need. #QBOchat
@fundera A4 To pay yourself a salary. #QBOchat
@fundera @QBOchat A4 And really anything that won’t allow you to *make* money off the investment. #QBOchat
@PandRAccounting @alisonatintuit @QBOchat I can’t tell if that is SARCASM or not 🙂 #qbochat
@fundera @PandRAccounting @DaveRamsey http://t.co/knSI19Y6pU Love this program! #QBOchat
@alisonatintuit . SOOO – in summary. LOTS of bad reasons to take a loan. But if it makes you money, DO IT. Right @Fundera ? #QBOchat
@alisonatintuit .@PandRAccounting @QBOchat No sarcasm at all I promise 🙂 #QBOchat
@fundera Right RT @alisonatintuit SOOO – in summary. LOTS of bad reasons to take a loan. But if it makes you money, DO IT. Right @Fundera ? #QBOchat
@QBOchat @PandRAccounting @alisonatintuit About my convo with them about what to know about getting a loan? #QBOchat
@fundera @alisonatintuit there are moments when it won’t always be so black and white, so chat with your acct and bookkeeper #QBOchat
@fundera @alisonatintuit and make a plan for how you’ll ensure this debt BUILDS your business…not bankrupt it #QBOchat
@QBOchat Q4: What are some bad reasons to get a loan? #QBOchat (Reposting since it disappeared from the top of the screen) #QBOchat
@fundera @alisonatintuit hence how CRITICAL it is for accounting professionals to be involved in this process #QBOchat
@vrcqbpro @QBOchat A4: Anytime you havent #QBOchat
@JulietAurora @QBOchat A4: Getting a loan to fill a short term pain that will just resurface #QBOchat
@fundera @JulietAurora @QBOchat focus on solving the pain! #QBOchat
@EileenRSassCPA @QBOchat A4: Borrowing when you do not understand why – not managing the cash flow and understanding in real time where you are! #QBOchat
@JulietAurora @QBOchat A4: Getting a loan to support growth that can’t be maintained without debt #QBOchat
@vrcqbpro @QBOchat A4: trying again – anytime you haven’t done a cash flow forecast to figure out how you will repay. #QBOchat
@JulietAurora @QBOchat A4: Getting a loan to pay off another loan 🙂 #QBOchat
@fundera YES! RT @vrcqbpro @QBOchat A4: trying again – anytime you haven’t done a cash flow forecast to figure out how you will repay. #QBOchat
@fundera @vrcqbpro @QBOchat I need to sit in on your session. You’ll just hear me in the back saying “Amen!” over and over again #QBOchat
@fundera @JulietAurora @QBOchat unless the 2nd loan has lower interest 🙂 #QBOchat
@PandRAccounting @JulietAurora @QBOchat SOOOOOO many people do this! haha #qbochat
@vrcqbpro @liveplan new tool is great! RT @fundera YES! A4: anytime you haven’t done a cash flow forecast to figure out how you will repay. #QBOchat
@JulietAurora @fundera @QBOchat True! As long as it isn’t bigger and you can’t afford to pay IT back either 🙂 #QBOchat
@fundera @vrcqbpro @liveplan love the team over at LivePlan! They have such a great product #QBOchat
@JulietAurora Have not tried @liveplan, will have to look at it 🙂 #QBOchat
@Kimtuitive Ruh-Roh! Not again… #QBOChat 🙁 https://t.co/1ZAJsH0Z9h
@BrightBooks Great information. Thanks @Fundera. Have to run. Tweet you guys next week. #QBOchat
@vheckman Right? #notmyweek RT @Kimtuitive Ruh-Roh! Not again… #QBOChat 🙁 https://t.co/08VOXhHy1v #QBOchat
@fundera @BrightBooks bye!!!! Miss you already. #QBOchat
@QBOchat @vheckman @Kimtuitive Time for a new computer? #QBOchat
@QBOchat Q5: What can accountants do to help their clients get a loan? #QBOchat
@vheckman @QBOchat @Kimtuitive It is a new one. I want the old one back, haha #QBOchat
@fundera Help them spot cash crunches & growth opportunities, and let them know you can help them find a loan to make it happen. #QBOchat
@fundera If they need funding, they should come to you first. This keeps them from working with bad-news loan brokers. #QBOchat
@JulietAurora @QBOchat A5: Provide timely and accurate financials #QBOchat
@fundera Like in this story: https://t.co/FSDCM4RAr8 #QBOchat
@QBOPro @QBOchat A5. Keep their books in order so they are in good standing #QBOchat
@fundera Sign up for the Fundera Advisor program to make it easy. http://t.co/8yUwGlUH2y #QBOchat
@alisonatintuit .@QBOchat A5 – Accts can help clients get loan-ready by paying attention to their BOOKS! All about those ratios people! #QBOchat
@vrcqbpro Q5: Get their books in order, help them do a cash flow forecast to make sure they can afford one. #QBOchat
@QBOchat How many accts here are in this? RT @fundera Sign up for the Fundera Advisor program to make it easy. http://t.co/efiXU11ks1 #QBOchat
@fundera I can’t stress enough how important it is they KNOW they can turn to you for advice here #QBOchat
@PandRAccounting .@QBOchat Determine if they need it at all! #qbochat
@vrcqbpro I need to be! @fundera Sign up for the Fundera Advisor program to make it easy. http://t.co/8YWVKOzGQg #QBOchat
@JulietAurora @QBOchat A5: Perhaps even provide some advice ahead of time to prepare them for not needing one #QBOchat
@TaxPlannerPro A5: Have accurate financials #QBOchat
@EileenRSassCPA @QBOchat A5: Provide them TIMELY financial data in a format they can understand! @FathomHQ #QBOchat
@PandRAccounting @EileenRSassCPA @QBOchat @fathomhq Most business owners need their financials explained to them! #qbochat
@fundera Keep your clients safe — they’ll answer those 2-3 solicitations they get from brokers a day if they don’t know to come to you #QBOchat
@JulietAurora Time for me to head out too! Great chatting with you all! See you next week 🙂 Happy Thanksgiving to the fellow Canucks! #QBOchat
@fundera @vrcqbpro we’d love to have you 🙂 #qbochat
@QBOchat Who else is part of the @fundera advisor program? RT @fundera @vrcqbpro we’d love to have you 🙂 #QBOchat
@vheckman Use tools that can make it easy for them to understand financials before they get out of control!@fathomhq @liveplan @finagraph etc #QBOchat
@vrcqbpro Great !RT @fundera we’d love to have you 🙂 #QBOchat
@fundera @QBOchat @vrcqbpro YOU are, @jazfun @BrightBooks…just to name a few! #QBOchat
@TaxPlannerPro Got to run.. See you Next Week!!! Have a Great Evening and Happy Thanksgiving to our Canadian Friends 🙂 #QBOchat
@QBOchat Just a few minutes left for this week’s #QBOchat. What is your favorite take away from @Fundera? #QBOchat
@vrcqbpro Favorite takeaway – @Fundera has some great tools to research the different loan options available. #QBOchat
@Kimtuitive That I hope I get to play more next week! Have a great week, #QBOChat! https://t.co/T4CuYmd1wF
@PandRAccounting Sorry for missing the first half, I forgot how fast a #qbochat hour goes!
@QBOchat @PandRAccounting Crazy super fast? #QBOchat
@QBOchat Next week we’ll be taking a deep dive into QBO’s Company Settings. #QBOChat
@QBOchat What company settings should we make sure to cover? #QBOchat
@fundera bye guys!!! #QBOchat
@fundera great chatting! #QBOchat
@tsheets @QBOchat @Fundera Fundera offers so many great tools. The Small Business Loan Toolkit is amazing. (https://t.co/58B57gMsFh) #QBOchat
@QBOchat Thanks to @Fundera for an awesome #QBOchat takeover!! You are a great sponsor and have the best content! #QBOchat
@tsheets Bye everyone! Have a great Thursday! #QBOchat
@Megsquito Multicurrency! Sales form customization! Pre-fill forms! 😀 RT @QBOchat What company settings should we make sure to cover? #QBOchat
@alisonatintuit Bye everyone! and thanks @Fundera for sharing your expertise with us today! #QBOchat
@vrcqbpro Advanced Automation! RT @QBOchat What company settings should we make sure to cover? #QBOchat
@QBOchat And @mere_wood is kinda amazeballs too #QBOchat
@PandRAccounting .@QBOchat I don’t know about that but faster than the rest of the day forsure! haha 😀 #qbochat
@vheckman Gotta run! demo to see @XTBills with @geneva_a23! #QBOchat
@QBOchat @Megsquito You wanna take over the chat? #QBOchat
@QBOchat @Megsquito 🙂 #QBOchat
@XTBills @vheckman @geneva_a23 She’s ready for ya! #QBOchat
@EileenRSassCPA See you all #QBConnect – can’t wait!!! #QBOchat
@Megsquito Not sure I’ll have time since my manager is in town but email me! RT @QBOchat @Megsquito You wanna take over the chat? #QBOchat
@vrcqbpro Yes her blogging is what we all want to do when we grow up! RT @QBOchat And @mere_wood is kinda amazeballs too #QBOchat
@Megsquito I might be able to help ya out 🙂 RT @QBOchat @Megsquito You wanna take over the chat? #QBOchat
@vrcqbpro It will be here before we know it!RT @EileenRSassCPA See you all #QBConnect – can’t wait!!! #QBOchat
@XTBills Bye friends, it was great! And of course, GO @RANGERS! #QBOchat
@QBOchat That’s it for this week’s #QBOChat, thanks for taking the time to tweet with us! #QBOchat
@QBOchat Have a great week. #QBOChat
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QBOchat Admin

#QBOchat began in July 2013 with the simple idea to host a weekly Twitter conversation around QuickBooks Online (QBO). We have since grown into a very strong community comprised of a diverse group of users. Our weekly tweet chat is held each Thursday at 3:00PM Eastern. The discussions cover a wide range of topics including QBO’s latest features and updates, business operation tips and apps that integrate with QBO, to name just a few.

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