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