Frequently Asked Questions

 

Frequently Asked Questions

FAQs

What is Local Trade Partners?

Local Trade Partners is an active community of business owners committed to finding products, services, resources and solutions within our membership first, before looking elsewhere for what we need. We use a currency called trade dollars and all transactions are tracked through our easy-to-use online platform.

What types of businesses are in LTP??

Our membership includes almost every type of business you can think of except fuel and groceries! Check out our Membership Directory! You’ll find so many businesses you already know, trust and frequent, including favorite restaurants, entertainment, business services, retail, health services… we have over 1000 member businesses throughout NWA, the River Valley, Southern MO & Eastern OK.

 

How many members do you have?

The LTP membership fluctuates around the 1000 mark.

Are there networking opportunities?

Yes we have several events throughout the year.

 

Is there a cost to get started?

Yes, $149.00, which is tax deductible as a business membership. We also rebate $150 to your LTP account so you can start trading immediately.

Are there additional costs involved?
When you make a purchase there is a 10% transaction fee. There is no transaction fee on sales.
How is the amount for my line of credit calculated?

Various factors are considered like the type of business you have, what an average sale looks like, and a risk assessment is calculated by our Certified Trade Broker.

How does trade affect my taxes? Is this tax deductible?

Trade transactions are treated exactly the same as cash by your accountant. Membership fees and other purchases you make that support your business are still business expenses. Personal expenses are still personal expenses. Transaction fees are deductible just like bank fees.

Is there a contract?

Yes.

What if I decide this isn’t right for my business after I start?

Easy! You settle up your credit line or spend out your balance.

Other Questions?

We want to know what questions you have, and we are here to help!

Reach out to our office: 479-443-1977

Call or text Rich: 479-530-2429

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