Criteria For Securing Bank Loan

Before You Can Secure Bank Loan, You Must Meet The Following Criteria. Getting loan from the bank is not easy to get by especially for a new entrepreneur. Nevertheless, this is not to say that banks don’t give loan to young entrepreneurs. If you satisfy their conditions, they will definitely grant you loan for your business. Banks are willing to grant loan as long as they are sure of getting back their funds including the interest thereon because that is the only way they can remain in business too. Knowing what the banks are looking for before they can grant Continue ReadingCriteria For Securing Bank Loan

How to Raise Initial Investment Capital for Small Businesses

Sources of Initial Investment Capital. Raising initial investment capital for new businesses is challenging. But if you are creative enough, raising your investment capital will not be that difficult. Knowing how to secure initial investment capital is crucial to making your dreamed business a reality. Now how to conceive a good business idea is not a problem to you. It is even possible that you have prepared your business plan and everything is pointing to the direction of a good success. But it can be very frustrating when it comes to raising of the initial investment capital needed to kick Continue ReadingHow to Raise Initial Investment Capital for Small Businesses

Vital Sources of Finance For Small Businesses

Sources of Finance Available to Small Businesses. There are various sources of finance available to small businesses in order to finance their operations in addition to the initial capital needed to kick start the small business. After business owners must have started their businesses, other sources of finance will start to emerge. These include the following: Overdraft Overdraft on the other hand is a short term credit facility which is meant to meet short term financing requirements. The bank allows you to draw above what you have in your current account. The interest is normally payable on the amount overdrawn. Overdraft can be used Continue ReadingVital Sources of Finance For Small Businesses

How to Get Personal Loans, Payday Loans and Business Loans in USA

Differences between personal loans, payday loans and small business loans. Are you seeking for personal loans? Whether personal loans, payday loans or small business loans, this article will guide you on how you can get the loans you are looking for. This article is long as it tends to provide answers to the following: How to get a loan with bad credit How to get a loan with no credit How to apply for payday loans online Marketplace for online payday loans How to get a small business loan Different types of small business loans Before you apply for any personal Continue ReadingHow to Get Personal Loans, Payday Loans and Business Loans in USA

Pros and Cons of Bootstrapping

Bootstrapping as a way of financing startup. What is bootstrapping? Bootstrapping is the term used in startup financing to describe a situation where the owner of a business choose to use his personal savings to fund its business rather than seeking for external financing. Some business owners choose to bootstrap not because they actually like this option as a means of financing their business. If they try other sources and it seems nothing is forthcoming, they may therefore resolve to bootstrap. Sourcing for funds from Venture Capitalists is not as easy as people write about it in the articles. Before Continue ReadingPros and Cons of Bootstrapping