Top things to look when securing a small business loan

A loan for a business gives it an opportunity to expand, to finance expenses and increase revenue. A business owner must, however, understand that taking a loan comes with the responsibility of repaying it within the stipulated time and in the agreed amounts. A business owner has to understand key aspects surrounding the process of taking a loan, for the …

Top 5 sources of working capital loan

sources of working capital loan

It is evident that the majority of businesses have sufficient cash reserved to finance seasonal working capital needs. Nevertheless, this is very rare for new business. If your new business venture is experiencing a need for a short-term working capital throughout its first few years in operation, you will have numerous potential sources to get the funds. Note that the …

Top 4 Ways to Get Working Capital for Your Small Business

Working Capital for Small Business

Currently, small business owners have many alternatives to getting a working capital than before. Despite the fact the increased number of alternative is abundant; it can be overwhelming to know which one of the alternatives is suitable for your business. SBA loans Note that SBA loan is suitable for long-term working capital investment and its best for entrepreneurs who have …

Things to know about small business loans

small business loans

Small business owners have to go through frustrating and complicated long procedures in pursuit of a loan from lenders, despite the fact that their small businesses form the core of any economy. Small business is often disqualified during the application process, as lenders aim at making a profit and not being charitable to businesses. There are key things any applicant …

Top 6 reasons why you should consider securing a loan from a non-bank lender

securing a loan from a non-bank lender

Simplified loan application process The good thing about non-bank lenders is that once you approach them for a loan, they will only ask for information that relates to their lending criteria. The majority of the non-bank lenders are only interested in the asset or cash flow they will be giving money on. When securing a loan from a non-bank lender, …

Pros and Cons of Non-Bank Lending Sector

Pros and Cons of Non-Bank Lending

Non-bank lenders are creditors who do not hold any banking permit. Therefore non-bank lenders are not a bank, credit union or a building society.  A reputable non-bank lender is the one who can source their wholesale funds and then gives out the cash to borrowers making a margin on the difference. Non-bank lending can provide an alternative solution once you …

How to get a small business loan in 5 steps

Outside financing is a common occurrence in small businesses considering their low flow of income and small scale of operation. A small business faces the hurdle of financing, especially in form of loans resulting from the many requirements set by banking institutions. Factors necessitating a loan for small business include need for expansion and need to finance daily expenses in …

Factors keeping you from getting a small business loan

getting a small business loan

Funds from an external source is what every small business needs in order to finance its expenses and for expansion purposes. The process of accessing such funding in form of loans involves long procedures and is hectic, hence preventing businesses from getting loans. These fundamental factors are as listed below: A history of poor credit Lenders use credit reports to …

Top things you need to Know about Working Capital Loans

Working Capital Loans

You might be required to borrow a loan if you are working on getting an affirmative working capital. In this case, a working capital loan might be very useful. This kind of loan is used to pay for day-to-day business operations while your funds are tied up somewhere. Note that a working capital loan is acquired for a particular function …

Advantages of securing a Working Capital for Your Business

It is good to always bear in mind that it takes money to make money. Note that every type of a business must have cash on hand to cover the expenses of operating their business. The business expenses might include marketing expenses, payroll, office supplies and tools, rent payments, fuel and much more. It is that many businesses around the …