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5 Signs You Need a Bridging Loan ASAP

Late payment of supplier invoices When you don’t pay your supplier on time, they may claim interest and debt recovery costs from you. 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. For example, if your business owes $1000 to Supplier X and the base rate is 0.5%, you may incur an annual interest of […]

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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 is the ‘trapping’ of their cash through receivables and incoming payments. When this happens, businesses are unable to pay for capital expenditure, inventory or staffing. 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 is a great option for those trapped in this […]

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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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The Dangers of Short Term Business Loans

All types of loans, with no exception whatsoever, come with sets of advantages and disadvantages. Sadly, borrowers are more interested in finding out about the perks than the pitfalls. This leads to them closing in on deals they come to regret. In this article, we’ll tackle the commonest perils affiliated with short term business loans. Knowing what these are will let you know how to approach them and make a 100% informed decision. Top Perils of Short Term Business Loans  Short-Term Means Little Money Short-term loans are usually limited to small amounts of money. In the best-case scenario, they can […]

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