Written by Rob the Watergod | 1/19/21

Firstly, there is more untapped money for star-ups than there has ever been in history. You can get 10 to 20 thousand dollars in weeks! Secondly, there are lots of grants and loans, and some loans even have forgivable aspects. Not only will we give you the top ways and places to look so you can get money for your business but we will tell you specifically what to say and what not to say.

What You Need To Do First

Firstly, you need to make sure your business is registered with the secretary of state. Next, get your LLC S corp or C corp then get it registered and filed. Then, make sure you have a website, phone number, and e-mail. Once those are completed you need to get your E.I.N number (employer identification number). Go to IRS.gov and put in your social security number and you will create an E.I.N number for your business.

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How To Get The Money

First, you need to be able to tell the people what you’re going to do with the money. Usually, before you get money they ask what you are going to do with all the cash they’re giving you. Let them know you are investing in equipment or assets that make money. However, you also have to talk about how are you going to generate revenue from the purchase you will make. Finally, how to get the money. Grants.gov is an E-Government initiative operating under the governance of the Office of Management and Budget. This is a site where you can apply for grants and loans. You’ll be surprised at how very few people apply.

N.A.S.E.org (National Association of the Self-Employed) is also a site to get grants and loans. It is a nonprofit organization that provides resources to self-employed individuals and micro-businesses. N.A.S.E works with 100,000s of micro-businesses across the United States. Accion.org is a community development institution. They lend money to people with a credit score as low as 525. S.B.A.gov (Small Business Administration) is a United States government agency that provides support to entrepreneurs and small businesses. Is an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise, and to maintain and strengthen the overall economy of our nation.

What is BlockFi?

The company services individuals and businesses worldwide, and in all 50 U.S. states, with offerings including interest-earning accounts, low-cost USD loans secured with crypto, and fee-free trading.

What are the benefits of using BlockFi’s services?

BlockFi offers institutional-quality financial services to crypto investors. Everything from our client services to our products is based on tried and tested policies to provide a superior experience for our clients.

The BlockFi Interest Account provides clients with the ability to earn more crypto while holding for long-term investments. This significantly increases the potential earnings of long-term account holders.

A loan from BlockFi enables you to use your crypto assets as collateral and receive USD to your bank account. Borrowing against your crypto assets enables you to receive liquidity now but does not trigger a capital gains tax event and, depending on the use of funds, the interest may be deductible against capital gains and other investment income.

BlockFi Trading is an easy way to trade between your different assets within the BlockFi platform. The best part is that you earn compound interest while trading. BlockFi aggregates liquidity to offer seamless trade execution and pricing. The rates displayed when you place a trade reflect the price you will pay with no additional fees!

BlockFi does not provide financial or tax advice and you should consider your financial situation and seek appropriate financial and tax advice before deciding to use our services.

What is Divvy?

Divvy is the leading spend and expense management platform for businesses. It’s fused with a smart corporate credit card to provide instant visibility and control of company-wide spending. With Divvy, employers can give employees direct access to funds, effectively eliminating expense reports, and retroactive reimbursements.

How does Divvy work?

After signing up, the business owner and their designated employees receive physical Divvy cards. Divvy cardholders can create virtual cards, set spending and budget limits, and control card activity in Divvy. Each of your approved spenders will receive a Divvy MasterCard® and can also generate virtual cards for one-time use or recurring charges.

Is Divvy secure?

Divvy uses 256-bit Secure Socket Layer (SSL) encryption to protect your personal data. Your information is stored in highly secure data centers that use state-of-the art electronic surveillance and multi-factor access control systems. Divvy is designed to allow business owners to control company expenses and support employee spending in the simplest way possible—no cash necessary.

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What is Nexo?

Nexo is the most advanced platform for instant crypto loans, and the only blockchain company to provide its services in 40+ fiat currencies and more than 200 jurisdictions.

Nexo gives digital asset holders the best of both worlds – instant access to cash and retaining ownership of their assets.

Nexo’s instant lending platform combines seamless user-experience with military-grade security and with 256-bit encryption. Client’s funds are held in individually assigned multi-signature wallets in cold storage, held with the only qualified audited and Goldman Sachs-backed custodian BitGo.

Deposit your crypto assets. The platform supports BTC, ETH, PAXG, XRP, etc.
IMPORTANT! Please note that Nexo does not support wrapped coins that are pegged to coins from another blockchain. Тransferring such assets to your Nexo account will result in permanent loss. Make sure to always transfer BTC/BCH native as well as ETH, NEXO, USDT, USDC, TUSD, DAI, PAX, LINK, PAXG, and HUSD created on the Etherium blockchain.

Undergo the Basic/Advanced Verification in the My Profile section;

Go to “Withdrawal Funds From Credit Line” where you will see the available loan amount;

Choose the preferred withdrawal method and enter your bank account for a loan in fiat currency or USDT(Tether)/USDC (USD Coin) address for a loan in stable coins.

Enjoy spending your Nexo Loan.

Conclusion

The programs like Grants.gov, N.A.S.E.org, Accion.org, and S.B.A.gov were the more traditional ways, and the last three Blockfi, Nexo, and Divvy were more digital and new ways. We chose these from our research and if you have any questions contact us at info@Thompsonempire.com

How To Get Start-up Money For Your Business