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Show Call us for all your insurance: We get you I America Can Depend on Farmer's I depend on us! LIFE & - I fax. , 1 i i uiipiurpo DUOIUCOO J 1 ANNUITIES DISCOUNTS FAST FAIR FRIENDLY FOR PERSONALIZED SERTICE CALL 756-964- 3 Card on Insurance Agency a Ken 174 W. Main St. Am. Larry New Utah! Dakota trip Saturday; other fall trips planned South trip SfeiM S. Dakota Seniors going on the South Dakota trip must be at the Senior Center on Saturday by 7:45 a.m. Everyone should already have a list of items to bring; if not, contact Cookie at the center. Treats will be served on the bus each day. Hearing clinic Vernal Temple trip An excursion to do a session at the Vernal LDS Temple on Friday, Sept. 11. There will be no charge for the trip itself, except for lunch on your own. The bus will leave at 7 a.m. and return at approximately 5 p.m. Fall Foliage trip This year's Fall Foliage trip will be held aboard the Heber Valley Railroad. Details are not businesses reach the point where they need to raise funds for expansion. According to the Utah Association of CPAs, the key to financing the growth of your business is willingness to try both traditional and not so traditional ways to find capital. Here's a rundown of some ideas to get you started. Look to your nearest and dearest Many of the most successful companies would not have been created in the first place had it not been for the financial backing of friends and relatives. Of course, borrowing from relatives and friends can get sticky. If you decide to go this route, be sure to have a written agreement that clearly spells out the terms to which you and your benefactors have agreed. Be sure that you don't set the interest rate too low or the Internal Revenue Service (IRA) may recharacterize the loan in order to infer interest at the statutory federal rate. This situation also may result in gift tax consequences. Cash in or borrow from retirement funds Consider cashing in the retirement plan you took from your last job or withdrawing money from your Keogh account. owes you, and how long you've been in business. Be aware that a factor typically charges a higher rate of interest than other more traditional lenders. All told, perhaps the most important factor in raising capital for business expansion is persistence. If one source turns you down or offers you unfavorable loan conditions, move to the next one on your list. Factoring allows you to use your accounts receivable to raise a cash. You go to a factor lender that actually buys your accounts receivable at a discount and takes on the task of collecting the receivables from your customers. Typically, the factor might advance your com available for businesses But be aware that youU be required to pay income tax on all funds you withdraw and also be subject to a 10 percent penalty if you are under age 59 Vt. If your spouse has a 401(10 plan at work, a better alternative might be to borrow against the plan. Employers' rules vary, but you usually can borrow the lesser of of the present value of your vested benefits or $50,000. Generally, youU need to repay the loan within five years and, if your spouse quits or loses his or her job, youU probably have to repay the loan all at one-ha- lf once. Apply for a home equity loan or line of credit A good source of income for your business can be close as home that is, a home equity loan or line of credit or even the refinancing of your mortgage. Qualifying is relatively easy, and you generally can borrow up to 80 percent of the equity in your home. The downside is that you could lose your home if the business fails. your supplier to ship inventory or manufacturing materials and to allow you 60 or 90 days to pay for them. Savvy suppliers may be more willing than you might expect they realize that if you grow, they will grow, too. Try the Small Business Administration (SBA) The SBA offers several categories of loans, most of which fall under the SBA Guaranteed Loan Program. Proceeds can be used as working capital or to purchase inventory or equipment. These loans work like bank loans except you must have already been turned down by a bank in order to qualify. However, be prepared for a Y08Urt i application process. Reach for an "Angel' The term "angel" is used to refer to a wealthy individual with excess cash to invest in new or growing companies. In addition to providing cash, your angel acts as a guardian watch- i I BiSiTOl! Meat. Bean or Chicken I ii il i Buy 2nd crisp Burrito 1 (Equal or lesser value) & I Get a BURRITO FREE! Good only with coupon. Not valid with other offers. Tacdllme Small business investment programs and economic development corporations sponsored by ' ! Expires l government Only 99 Good only with coupon. Not valid with other offers. m- ing over you and your business. But finding an angel can be tough. Start by getting the word out through the help of lawyers, CPAs, bankers and local business people you know. Check our sources gMEi - Limited time! The Best i Expires - tedious and time consuming See CAPITAL in next column inHiiiiimv Approach your suppliers Trade credit from suppliers is source of funds that a short-teris often overlooked by small businesses. If you're an established firm that needs money for the short term, consider' asking Or 30 n yi Buy one pair of eyeglasses and get another single vision pair FREE! Or, get 30 Off a single pair. Good only at the Spec Shoppe, 218 N. West State Rd. (Timp Plaza), American Fork. Li' mm ""r-- Rpjm I" j nnii.ui - j- " W ju Ian - .inimm -r KichnAidr KitchenAld FOR THE WAY IT'S MADE. FOR THE WAY ITS MADE KRS25QG KERC507E KitchenAld FOR THE WAY IT'S MADE." 6DU980QPD J,...,.,. i "'&s4h j; j j j 1 ! mm Hurry! Offer Ends Soon! At the Spec Shoppe you'll also receive individualized attention and expert service from owneroperator Hardy Baum. He is a Certified Dispensing Optician with 27 years of experience and does all the work himself. He offers custom, professional fitting with free adjustments any time. Most single vision lenses can be ready in 24 hours. However, in an emergency. Hardy can have them ready in as little as one hour. The Spec Shoppe has a lab right in the store where you can also receive such services as frame repair, color tinting and lens engraving. As an independent dealer. Hardy can order from the manufacturer that best fits your needs. He carries over 1.000 frames in stock and e selection and small store service. offers The Spec Shoppe is open Monday Through Friday from 10 a.m. to noon and to 6 p.m. in the American Fork (SMITH S) Timp Plaza. For more information, call lii L1 'Jt " ff Sealed-i- n Gallon width door shelves Crushed & cubed ice P.1 n it "J LER3624E .mtl" HUTCH'S... Drinking Wattr Systems WATER LXR6232E ill iiAim avail aolf nUVV HVHILHDLC AT Adjustable upper rack Garbage disposer Nylon racks glass shelves "li YOU "" " Glass top Convection cooking Glass top Accu Bake Cooking System r KitchenAld' CAN TRUST FOR THE WAY IT'S MADE. SAME SYSTEM USED KAWS677E AT DISNEYLAND. nrnri rem -- 'if- KEWY677E & rrrt mill a .um-v,uu- u ' f rI ::;:':'':::r:::::::::::.J ; .. C -- l big-stor- 2YEAi BUILDING OR REMODELING? 1 756-683- YEie Similar to "S dryer shown SAVE EVEN MORE! I I """j WARRANJ .. T , FOR THE WAY IT'S MADE AFTER REBATE - mmf CDZB CfQOIQd S3iMt gSQ GREAT FlEUAniQEUG! GREAT REBATES! WhiflixSol Off su gle Pair 1(0)0" 1J a Kmmf .ItMpF 11 VMz Spec Shoppe 11 F t f tVf TdlMH iTTT7TrTTl 1 1 1 SuPer Capacity Plus'T-SC- li WftyAWHP -- Exuatmse J il A 111 jj-ta- - - Lint sign' .Light inside drum 218 N. W. State 756-683- 5 5. forpair the price! of i Page pany between 60 and 80 percent of the cash value of your invoices, depending on how old the accounts receivable are, who Consider factoring 5, 371-929- Expansion capital Sooner or later, all growing 19, 1998 - Wednesday, August financing. When seeking funds from these groups, be prepared to discuss how your business will benefit the locality. two-nig- ht 768-716- 8:30 to 5:00 state and local governments are often overlooked sources of y, 768-716- (Lehi Edition) - 756-964- 3 Capital available until Mother Nature for those 60 years of age and ' older. Cedar Fort residents are gives center officials an idea of i when she will start turning the invited to participate in the leaves, but it is anticipated that potato chips and a cupcake. programs and meals. it will be sometime in October. A nutritious meal is providFriday, Aug. 21: Boneless Tuacahn trip breast of chicken, rice pilaf, ed by the Mountainland AssociSeniors can enjoy a three-daCalifornia mixed vegetables, ation of Government at a sugtrip to Mesquite, fruit salad, whole wheat roll gested donation of $1.75 per Nev. and Southern Utah as person and is served daily at part and bread pudding. of a trip to Tuacahn on Oct. Monday, Aug. 24: Country noon. Reservations should be where they will enjoy the show Casserole, sliced carrots, vitamade by calling the center, "How the West Was Won." Cost min salad with Ranch, whole one day prior to attendfor the trip will be $135 per perwheat roll and apple pie. ing. son, double occupancy. Call the Tuesday, Aug. 25: Breaded Transportation is also availcenter to make reservations. cod with tartar sauce, parslied able to and from the center for Volunteers needed 50 cents. new potatoes, mixed vegetaTwo volunteers are needed bles, tossed salad with Ranch, To make arrangements to be at the center, one on Monday white roll and raisin-fille- d picked up, call the center or call and one on Tuesday. For more cookie. at least one Miryam, information, call Cookie at the Wednesday, Aug. 26: Beef day prior to needing a ride. The center has a treadmill center, vegetable stew, baking powder biscuit, rice pudding and and a stationary bicycle for Dishrags The popular dishrags are banana. exercise, a piano and an organ available for $1 each. and two pool tables. The Lehi Senior Center is Seniors may participate in Menus for the coming week: open Monday through Friday .cards, newspaper reading and Thursday, Aug. 20: BBQ from 10 a.m. until 2 p.m. and socializing. Craft time is offered hamburger on a bun, coleslaw, offers activities and programs each Friday. 7-- 9, The free monthly hearing clinic will be held on Wednes- -' day, Aug. 26 from 11 a.m. until 1 p.m. No appointment is necessary. - Fri. Hours Mon. Fork 0 HOMon$af9-Hardy Baum 6 I SEE STORE FOR DETAILS i I |
