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Business Loans

Residential vs. Commercial Loans: What Are the Differences?

Loan specifications, fees, interest rates and credit accessibility are amongst the main things that differentiate commercial loans from residential loans. If you wish to find out about the structure of each form of financing and their individual characteristics, keep on reading since we wish to outline them for you. Presumably, the main distinction between residential loans and commercial loans is the type of property you can purchase. To be more specific, if you apply for a commercial loan, you can use the funds for buying a business property such as a restaurant, retail space, medical centre, hotel, child care facility, […]

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Working Capital Loans: The Guide to Getting One

In case you didn’t know, working capital loans are money you can borrow from a credit union, a bank or an alternative lender to the end of paying for bills and operations in your company when it’s in dire straits. Working capital loans are especially helpful for start-up businesses that cannot cover the expenses of day-to-day operations, therefore are already with a foot in the grave. Now that we’ve seen what a working capital loan is, let’s see how you can get it. Step-by-step Instructions to Getting Working Capital Loans Prepare a balance sheet A balance sheet is a paper […]

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Boost your Financial Capabilities Using Commercial Loans

A successful entrepreneur acknowledges the fact that commercial loans are indispensable tools to develop the right financial capabilities of business. Learn how to make the best use of them using the strategies discussed below. Get your staff involved in financial planning You don’t just delegate financial management to your staff, otherwise, it would simply be a chore they need to do on a day to day basis. Get everyone involved and let them see how their productivity, timeliness and best efforts contribute to the overall financial status of the company. While most organizations only include the owners and managers in […]

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The Smart Entrepreneur’s Guide in Using a Credit Line

A credit line is a source of trouble if you don’t know how to use it right. But, if you do—it is one of the most accessible and easy to use financing. It can help you do renovations, spend for a ‘royal’ wedding, get that sleek car you may have been dreaming about or go on a dream vacation. Here are tips to make sure that your credit line won’t rack up excess debt. Understand that a credit line is a pool of money that you can use as a tool to build up your wealth While it is available […]

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5 Signs You Need a Bridging Loan ASAP

Spot the tell-tale signs that your business is experiencing serious cash flow problems requiring immediate access to cash through a bridging loan. Late payment of supplier invoices When you don’t pay your supplier on time, they may claim interest and debt recovery costs from you. So, whenever your business starts paying late for goods or a service, or always exceeds the 60-day period for business transactions, it may be time to look for the right financing. The supplier may charge an interest which could be up to 8% or more plus a base rate, or as stated in the contract. […]

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Choosing the Right Debtor Finance to Improve Cashflow

Understand how debtor finance enhances your cashflow and grows your business and learn some practical tips on how to choose the right financing. One of the challenges facing small entrepreneurs nowadays is that their money gets trapped in receivables and incoming payments, clogging up their cashflow. When this happens, you may not be able to pay for your capital expenditure, inventory or your staff. By getting invoice finance, the other term for debtor finance, you would have access to the money that would otherwise be in the hands of your customers, until the payments have been made. Research Debtor finance […]

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Business 101: How to Start a Business

Learn how to start a business using practical tips that could make your business profitable and competitive at the same time. The world is a better place because of small and large businesses that make profit, create surplus, and establish an environment in which people pursue their passion and financial goals. But how can you accomplish your business goals using the least amount of money, time and efforts while reducing risks of failure? Here are tips that could improve your finances, upgrade your service or product standards and create a better working environment that could withstand the challenges of modern […]

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How to Leverage Startup Loans to Succeed In Business

Start up loans help entrepreneurs cover the expenses of the entire business operation-from infrastructure to marketing and from bookkeeping to human resources. Learn how to leverage your startup loan to reach your short term and long term business goals. Starting a business requires more than selling and marketing. The early stages of business require careful assessment, planning and meticulous book keeping because of the financial management side of doing business. Many businesses face financial dilemma because they focused on how to keep the day to day operations afloat while ignoring the other aspects of business that require their attention. Startup […]

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Best Uses for Working Capital Loans

There are many types of loans in banking, but none, or very few, have as many uses as the working capital loans. Of course, their multi-functionality is the main reason why business owners prefer this kind of loan over others. If you’ve never taken working capital loans before but you’re interested in doing so in the near future, we think that knowing what you can use them for is crucial. Best Uses for Working Capital Loans  Steadying the Cash Flow A working capital loan allows you to keep up with some of the most important expenses in your company. Among […]

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How to Qualify for Small Business Loans

Small business loans are a great way of getting fast cash for a variety of business purposes, from paying wages to investing in an opportunity that’s too good to miss. While it is generally easy to qualify for such a loan, certain things can stall the process. On the bright side, if you use the tips we’re about to present to you, your business loan application will get the green light almost instantaneously (provided your credit score is great and you never defaulted or declared bankruptcy). Tips to Implement  Have All the Paperwork Prepared Applying for small business loans when […]

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