Finding the money needed to start a new business is almost always one of the most difficult obstacles new owners face. The most likely (and easiest) sources of capital are your families, friends and own savings. However, you should not overlook institutional sources as well. Without a previous track record in business, securing a bank loan may be difficult. Banks cite risk … [Read more...] about 12 Tips for Getting Your Bank Loan Approved
Bank Loan
Has Your Bank Loan Been Rejected? Try P2P Business Funding
It can be challenging for entrepreneurs to get a small business loan approved by the bank. Often, it involves a lot of red tape, strict credit score criteria and a process that takes up a lot of time and energy. If you’ve recently been rejected by the bank, a different type of lending might offer a more practical solution. P2P platforms offer quick and … [Read more...] about Has Your Bank Loan Been Rejected? Try P2P Business Funding
Comparing Loans Before Starting Your Own Business
Starting a business can be one of the most exciting and trying times in anyone’s life; whether you are looking to completely quit your job and start a new enterprise or simply run a side hustle from home. There are so many things to consider, primarily the finances and feasibility of being able to support yourself or augment your income whilst your new business are in its … [Read more...] about Comparing Loans Before Starting Your Own Business
When You Need Additional Funds for Your Small Business
There may be times when you need additional cash to cover business expenses. Perhaps you want to make a big equipment purchase, or you need cash flow while you are waiting for some invoices to be paid. Maybe you have a big expansion planned, but you lack the funding to carry it out. There are several ways to get this money. Personal Loan This can be a great option if you … [Read more...] about When You Need Additional Funds for Your Small Business
Better Serving the Underbanked Community
An underbanked household is a household that relies on cash or non-traditional financial services for the majority of household member’s financial transactions and may or may not have a traditional bank account. Recent studies have found that as many as 1 in 5 American households are currently considered underbanked. Lack of access to traditional banking has … [Read more...] about Better Serving the Underbanked Community
Top Factors to Consider before Getting a Loan
You do not just apply for a loan out of the blues. There are a lot of factors to consider before taking this bold step. Taking a loan puts one in a financial commitment where he or she has to remit money each month for repayment until the loan is cleared. This can affect one’s lifestyle financially because part of the income will be used to repay the loan. That said, the … [Read more...] about Top Factors to Consider before Getting a Loan
Here’s When Personal Loan Would be the Best Resort for You
There are various circumstances where personal finance can be a feasible alternative. But, do you exactly know what personal finance is? Some of the finance options are earmarked for a particular type of purchase. For instance- through a car loan, you get funds to buy a car. Through a mortgage loan, you can buy your new home. Through a student loan, you get funds for paying … [Read more...] about Here’s When Personal Loan Would be the Best Resort for You
Small Business Loans from Alternative Sources 2019
When starting a small business, most entrepreneurs who are new to the business ownership arena find finance to be the most challenging aspect. Banks have been the most traditional source of loans, however, not all of them look forward to having small businesses as their clients since they are not certain that they would get their funds back. As small businesses began to … [Read more...] about Small Business Loans from Alternative Sources 2019
Can Anyone Get a Small Business Loan?
Every year, millions of individuals go into business for themselves, some as a side-job and others as a full-time endeavor, hoping to begin a new financial chapter of their lives. One of the biggest challenges of starting your own company is obtaining enough funds to enter the marketplace smoothly. There are all sorts of ways to raise the needed capital. Some people borrow … [Read more...] about Can Anyone Get a Small Business Loan?
All Business Owners Should Know These Four Kinds of Short Term Loans
Are you a small business owner in a more or less small financial pinch? Need money to fix a thing but have no desire to be saddled with debt for years? Taking out a short-term loan might be your solution! The smartest thing to do would be to compare different providers to get the best rates, but before you get to that part of the logistics, you should know what kinds of … [Read more...] about All Business Owners Should Know These Four Kinds of Short Term Loans
