Tag: Funding

Startup Financing – Small Business Funding, business funding.#Business #funding


Startup Business Financing

Business funding

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.


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Business funding, business funding.#Business #funding


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SEMI TRUCK TRAILER FINANCING

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We have the best most affordable options to help you grow your business. We are in business to help the small businesses across the U.S Canada.

Business funding

Merchant Processing and

POS Solutions

We give you a direct avenue to bypass the fluff of most merchant service providers.

  • No Long Term Contracts
  • Interchange Plus Pricing
  • Next Day Business Funding
  • Reliable Responsive Service

BUSINESS FUNDING SOLUTIONS

We understand there are many options today for business financing. Many business owners ask us, How do I know what loan is the best one for my business ? What are the requirements to qualify ?

What are the interest rates ? We speak your language and pride ourselves to give results so that you don’t waste time ! We have the best business loans in the industry which help with.

  • Interest Is Tax Deductible
  • Competitive Pricing and Rates
  • Does Not Show up on Personal Credit

HEAR FROM OUR VERY SATISFIED CLIENTS

We have helped hundred. We can help you too!

Business fundingBest bar none! If u need a loan use Business Funding 4 You! They are so helpful and their process is fast and easy.

Business fundingBusiness Funding 4 You is your “go to” for your business loan. Cisco will provide you and help you get the best possible line of credit, cash flow, or lowest interest rate possible for your business. He is very knowledgeable, experienced and professional in the field and will go above and beyond to get the cash in your hands ASAP.

Business fundingAmazing customer service and makes you fell like family. Don’t need to go anywhere else. Contact Cisco rright away

Business fundingEl tramite de nuestro prestamos fue muy profesional, Cisco siempre esta dispuesto a apoyar en lo que el cliente necesite. La transaccion fue muy satisfactoria. lo recomiendo ampliamente! Sobre todo su honestidad e integridad hablan bien de el.

Business fundingEsto es un servicio de Calidad y Experiencia Profesional.

Business fundingSuch a great company to work with. You must have them in your back pocket if you are trying to get funding!!


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Startup Financing – Small Business Funding, small business funding.#Small #business #funding


Startup Business Financing

Small business funding

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.


Tags : , ,

Funding A Small Business – Payday Loans Online, funding for business.#Funding #for #business


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Funding Business – Funding Business – Experts in Business Finance, funding for business.#Funding #for

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    Funding for business

  • You have to take a lot of decisions to make your business successful but one of the most important is funding.

    You could look at raising funding yourself. But think what would that

    Funding for business

    Raising Finance Yourself:

    Using a Specialist such as Funding Business:

    And that’s just the start of it!

    It’s simple really – if you want the right results speak to the specialists. Remember, we focus on raising business finance, so you can focus on running your business!

    Invoice Finance

    Invoice Finance unlocks cash tied up in unpaid invoices so that your business receives payment without waiting for customers to pay. This makes cash flow management simple for businesses that use Invoice Finance.

    Business Loans

    Every business has different finance needs whether it’s to boost working capital, funding for a new piece of equipment, paying HMRC or a start-up loan. We always provide the best guidance to obtain a solution which is in the client’s best interest.

    Asset Finance

    Using asset finance essentially means taking out a loan to buy or lease assets needed for your business to thrive. Where an ‘asset’ is purchased or refinanced, the asset itself is used as security for the borrowing.

    Property Finance

    We source funding and have experience in providing, structuring and syndicating various forms of property finance including senior debt, mezzanine finance, bridging finance, equity funding and more specialist development products.


    Tags : , ,

    Business funding, business funding.#Business #funding


    BUSINESS FUNDING SOLUTIONS

    Business funding

    Business funding

    LINES OF CREDIT

    Business funding

    Business funding

    SEMI TRUCK TRAILER FINANCING

    Business funding

    Business funding

    Business funding

    Business Funding Solutions

    We have the best most affordable options to help you grow your business. We are in business to help the small businesses across the U.S Canada.

    Business funding

    Merchant Processing and

    POS Solutions

    We give you a direct avenue to bypass the fluff of most merchant service providers.

    • No Long Term Contracts
    • Interchange Plus Pricing
    • Next Day Business Funding
    • Reliable Responsive Service

    BUSINESS FUNDING SOLUTIONS

    We understand there are many options today for business financing. Many business owners ask us, How do I know what loan is the best one for my business ? What are the requirements to qualify ?

    What are the interest rates ? We speak your language and pride ourselves to give results so that you don’t waste time ! We have the best business loans in the industry which help with.

    • Interest Is Tax Deductible
    • Competitive Pricing and Rates
    • Does Not Show up on Personal Credit

    HEAR FROM OUR VERY SATISFIED CLIENTS

    We have helped hundred. We can help you too!

    Business fundingBest bar none! If u need a loan use Business Funding 4 You! They are so helpful and their process is fast and easy.

    Business fundingBusiness Funding 4 You is your “go to” for your business loan. Cisco will provide you and help you get the best possible line of credit, cash flow, or lowest interest rate possible for your business. He is very knowledgeable, experienced and professional in the field and will go above and beyond to get the cash in your hands ASAP.

    Business fundingAmazing customer service and makes you fell like family. Don’t need to go anywhere else. Contact Cisco rright away

    Business fundingEl tramite de nuestro prestamos fue muy profesional, Cisco siempre esta dispuesto a apoyar en lo que el cliente necesite. La transaccion fue muy satisfactoria. lo recomiendo ampliamente! Sobre todo su honestidad e integridad hablan bien de el.

    Business fundingEsto es un servicio de Calidad y Experiencia Profesional.

    Business fundingSuch a great company to work with. You must have them in your back pocket if you are trying to get funding!!


    Tags : ,

    South African Government Grants, Entrepreneur, business funding.#Business #funding


    South African Government Grants

    Business funding

    1 South African Government Grants options to choose from

    Contents

    • What is a Government Grant?
    • Do you have to repay a Government Grant?
    • List of Government Grants for Business
    • Who can apply for Government Grants for Business?
    • Tips on applying for Government Grants for Business

    The South African government is well aware of the importance of developing the economy, creating employment and attracting foreign investment.

    To make these goals a reality, there are grants and assistance programmes available from the government and associated organisations that can get your business off the ground and expanding.

    What is a Government Grant?

    It is an award of funds from the government that does not need to be repaid, does not accrue interest, and has strict guidelines for application.

    Grants available from the government usually tie in with its key deliverables such as black economic empowerment, job creation and developing the economy – to name some.

    Do you have to repay a Government Grant?

    Unlike a loan, a grant is an award of money that is non-repayable – meaning there is no obligation by the receiving parties to repay the money received. While the government is one of the best sources of grants, its selection criteria is strict and paperwork intensive, and the receiving business is obligated to spend the funds in a manner specified by the provider.

    Most funds available in South Africa have their own specific requirements, so it’s advisable to research each fund carefully to assess their criteria and up your chances of receiving funding.

    2 List of Government Grants for Business

    Business funding

    The best place to start with researching government grants for business is through the Department of Trade and Industry (DTI). By visiting www.thedti.gov.za, you can explore a number of funding options from grants to incentives and all their qualifying criteria. Some grants available include:

    1. Aqua-culture Development and Enhancement Programme (ADEP)

    This programme is available to registered entities involved in primary, secondary and ancillary aquaculture projects for both marine and fresh water. It is approved for new, existing and upgrading entities. See more here.

    2. Automotive Investment Scheme (AIS)

    This scheme is designed to grow and develop the automotive industry through investment in new and replacement models and components that will increase production volumes, sustain and increase employment, and strengthen the automotive value chain. See more here.

    3. Black Business Supplier Development Programme (BBSDP)

    This is a cost-sharing grant offered to black-owned businesses to improve their competitiveness and sustainability. It aims to fast-track small and micro-enterprises, foster links between black-owned businesses, corporates and public sector, and to complement affirmative procurement and outsourcing. It provides grants to a maximum of R1 million. See more here.

    4. Business Process Services (BPS)

    This scheme aims to attract investment and create employment in South Africa through off-shoring activities. It involves a three-year tax-exempt grant for qualifying businesses. See more here.

    5. Capital Projects Feasibility Programme (CPFP)

    The Capital Projects Feasibility Programme is a cost-sharing grant contributing to the cost of feasibility studies for projects that will lead to increased local exports and stimulate the local manufacturing sector. See more here.

    6. Critical Infrastructure Programme (CIP)

    This is aimed at improving the infrastructure of South Africa. The grant covers a minimum of 10% to a maximum of 30% of total development costs of qualifying infrastructure. See more here.

    7. The Co-operative Incentive Scheme (CIS)

    This scheme is a 90:10 cost-sharing grant for registered primary cop-operatives of five or more members to improve the viability and competitiveness. See more here.

    8. Incubation Support Programme (ISP)

    This programme is designed to create and develop successful enterprises with the ability to revitalise communities and local economies. For more information visit this site.

    9. The Manufacturing Competitive Enhancement Programme (MCEP)

    Provides enhanced manufacturing support to encourage facility upgrades to sustain employment and improve productivity. See more here.

    10. Manufacturing Investment Programme (MIP)

    This programme is a reimbursable cash grant to local and foreign-owned manufacturers who wish to establish new facilities or expand on existing ones.

    11. National Youth Development Agency (NYDA)

    While it is moving away from grants for youth and going toward mentorship and development programmes, grants are available for youth entrepreneurs. See more here.

    12. People-carrier Automotive Investment Scheme (P-AIS)

    This is a cash grant of between 20% and 35% of the value of qualifying investment in productive assets approved by the DTI. See more here.

    13. The Sector Specific Assistance Scheme (SSAS)

    This scheme is a cost-sharing grant offered on an 80:20 principle and a maximum of R1,5 million is awarded to qualifying businesses. See more here.

    14. Support Programme for Industrial Innovation (SPII)

    The Support Programme for Industrial Innovation is aimed to promote technology development in South African industry. Visit their site for more information.

    3 Who can apply for Government Grants for business?

    Business funding

    Because of the number of grants available – and each with its own criteria – you will need to individually research each grant. Generally through, the following will be required:

    • The business needs to be majority black-owned
    • It needs to have a significant representation of black managers (if applicable)
    • Minimum and maximum turnovers vary from grant to grant
    • The business must have a minimum of one year in trading
    • The business must be a registered entity with a tax clearance certificate, Vat number, etc.
    • The business must comply with all regulations such as CIPRO, SARS etc.
    • All owners and major shareholders need a clear credit history.

    4 Tips on applying for Government Grants for business

    Business funding

    Once you’ve identified a grant applicable to your business and industry, research it thoroughly to determine the qualifying criteria.

    Each grant listed on the DTI website has a contact person you can call or email for more information.

    When applying, make sure you’ve completed the following checklist:

    1. Completed and signed application form
    2. SARS Tax Clearance Certificate – Original and valid
    3. Detailed business plan
    4. Co-operative resolution (if applicable)
    5. List of directors, shareholders etc. complete with certified copies of IDs and CVs
    6. Copy of business registration certificate
    7. Motivational letter
    8. Bank statements
    9. Projected financial statements for start-up and/or expansion.

    When applying for a Government Grant you will need to have a business plan. Here is a free business plan template to get you started.

    Business funding


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    The Business grants and funding available to UK small businesses, business funding.#Business #funding


    Government Grants

    The government grants section has a wealth of articles and advice on how UK small businesses can get a grant from both the public and private sector, along with helpful guides on the different types of business grants and funding available to business owners starting and running a business.

    A small business grants guide for 2017

    Here, Peter Fleming takes a look at a range of options for funding your business through grants this year.

    There are many European and UK-wide government business grant schemes; there are also local business funding schemes provided through Local Enterprise Partnerships (LEPs) or through local authorities and organisations such as the Chambers of Commerce. However there were 512 registered schemes at the last count! So a good place to start your research is on the government website.

    Business grants are available at a local and national level and usually sector specific. They offer between £1,000 and £100,000 for SMEs, but funds can be unlimited for larger businesses within EU state aid programmes.

    With grants you don’t pay the money back. However, it’s worth noting there will be clawback terms if you falsify claims in respect to expected outputs set by the grant scheme. Therefore, ensure your application is captivating and thorough as it will go through a due diligence process.

    Normally there are two stages, submitting an Expression of Interest (EOI) to ensure your business and grant application meets the scope of the grant call and then a full application process whereby you will need to supply, market research, a business plan and at least 1-3 years of financial forecasts.

    Throughout the process, you will need to justify there is additionality i.e. not just the reason why you need funding, but by obtaining a grant, how many new jobs you will create, if you’re opening up new markets or export opportunities or that your idea could be a game changer.

    It is always worth getting a second opinion regarding the feasibility and strength of your application against the grant objectives and any regional strategic economic plan. Therefore speak to your accountant, a local business adviser or the Growth Hub.

    The larger grant opportunities can be competitive and therefore be a long-drawn-out process, taking several months in some cases to receive just an offer. So if you are looking for subsidies and money quickly a grant may not be the right solution for your business.

    It is also worth noting if your application is successful, grant moneys are not paid upfront but claimed normally at the back end of the project or even after any intervention is completed.

    Therefore you will need to use your own cash reserves and any other funding prior to drawing down the grant money. I have even known businesses take out bridging loans till they have received their grant funds.

    Some key areas of your business whereby you could access business advice or a grant;

    Business advice and support, whether you are pre-start, a new start or an established business, there are regional Business Growth Hubs across the UK whereby you can obtain free or funded advice. You can normally obtain specialist support to devise a business growth strategy, do market research to create a sales and marketing plan, implement social media management or even get advice on how to apply for further funding.

    Note each UK region may have a focus on specific business sectors, business sizes and locations, as eligibility can be even post code specific.

    Skills and development government grants

    The Skills Funding Agency oversees the current apprenticeship scheme, however on May 1st 2017 the new Apprenticeship Levy scheme starts whereby your business could access subsidised training and development to upskill existing employees to even Master’s degree level.

    Many regional Universities, Colleges and further education organisations will be offering a multitude of subsidised short courses or funded degree level programmes which will help you develop your existing staff to be the managers and directors of the future.

    If your business is within a rural development area and looking to grow, invest in infrastructure, machinery or seek specialist advice to diversify. Or if your business is involved with forestry and land projects the government have a scheme called LEADER managed through Local Action Groups.

    The Carbon Trust Green Business Fund is a new energy efficiency support service for small and medium-sized companies in England, Scotland and Wales.

    It provides direct funded support through energy assessments, training workshops, equipment procurement support and up to £10,000 capital contribution towards the purchase of energy saving equipment.

    Manufacturing is an area which is increasingly supported through grant schemes. Therefore if you manufacture textiles, specialist tooling, operate in the digital market, within the nuclear supply chain or need support for international trade, or manufacture in many other sectors, there is likely to be a grant scheme that your business can access.

    Innovation, Research and Development

    Innovate UK, offers support and funding to help businesses develop new products and services and bring them closer to market, this may be to bring people together to share ideas, tackle challenges and make new technological advances.

    They targets technologies and areas with the greatest scope to improve business, the economy and society.

    Local Enterprise Partnership

    For anyone looking for grants at the moment, the go-to people will be their Local Enterprise Partnership (LEP). One of the main functions of the LEPS is to generate economic growth and so many have their own grants programmes.

    In addition, most provide some form of business support and advice. As part of the business advice service they collate information on local and national grants and will signpost business owners to the relevant organisations.

    Another great source of information is the government ‘Business is Great’ website which has a page dedicated to a number of funds to support innovation.

    There is also is an EU tool which does a better job than anything I’ve seen of clarifying what finance is available across the EU including although is does require some persistence in searching to get to the information.

    For companies and individuals with ground breaking research which may require significant funding there is also Horizon 2020:

    Grant funding is not for everyone but could give your business the boost it needs. Proper preparation, thorough research, getting professional advice and being able to clearly explain why you require your grant funding is more likely to lead to a successful application. And, as a result, help you obtain the financial support for a better, bigger and more profitable business for you.


    Tags : ,

    Startup Financing – Small Business Funding, business funding.#Business #funding


    Startup Business Financing

    Business funding

    Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

    The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

    According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

    When exploring your funding options, there are several factors to consider:

    • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
    • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
    • Do you need all the money now or in smaller pieces over several months?
    • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

    The answers to these questions will help you prioritize the many funding options available.

    • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

    • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

    Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

    Let s take a closer look at the many options available for startups.

    Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

    Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

    Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.


    Tags : ,

    Business Loans, Short Term Online Financing, SnapCap, business funding.#Business #funding


    Unsecured Business Loans

    A business may require a loan for a number of reasons. Whether you’re looking to expand your business or purchase additional inventory and equipment, quick access to a business loan can help stimulate business growth and keep a company thriving.

    Unsecured Business Loans

    Working Capital Loans

    Working capital is critical to the growth and success of any business. Managing finances is a constant battle in the business world. As a business grows, it is necessary that the cash flow expands with it in order to succeed.

    Inventory Loans

    If you manage products and maintain a large inventory, having cash at hand is a must. Meeting the demand of your customers is vital to your profitability and business reputation.

    Expansion Loans

    Financial growth and internal business expansion go hand and hand. The big question facing any business is how to grow in a way that is both manageable and cost effective.

    Equipment Loans

    Equipment and machinery are important assets to any business. Many products can’t be produced without the proper working tools. An equipment loan can be used to purchase new or used equipment.

    What is an Unsecured Loan?

    An unsecured loan, sometimes referred to as a signature loan or a merchant loan, is a special type of financing available to business that is different from traditional lending. Instead of requiring collateral to obtain financing, unsecured lending uses several other factors to judge the eligibility of a loan applicant. These could include things such as your credit score and sales records from the business. This type of financing may be advisable for small business owners who do not want to risk their personal collateral in order to obtain the financing they need. Since the loan requirements differ from traditional bank loans, the interest rates and speed of approval can be much different. Oftentimes these merchant loans are reviewed and approved in a very short time frame, making them ideal for anyone who is in need of immediate capital.

    Secured Vs. Unsecured Loans

    The main difference between an unsecured and a secured loan is the collateral required. There are pros and cons to all lending options that business owners should consider in order to come to an informed financial decision for their business.

    Secured Loans

    Secured Loans often come from banks or traditional lending sources. They are the most common type of financial borrowing available. Secured loans, backed by an asset such as a house or piece of property, give the lender the ability to repossess collateral should the borrower default on their loan. The type of collateral required can vary and the lender and borrower must come to agreeable terms in order to move forward with the lending process.

    Loan processes vary between different secured lending services. The standard procedure usually involves the loan amount, asset negotiation and loan repayment terms. Repayment terms are often much more generous in both time and interest rate because the loan is backed by collateral in the event of default. Secured loans, backed by an asset such as a house or piece of property, give the lender the ability to repossess collateral should the borrower default on their loan.

    Unsecured Loans

    Unsecured loans differ drastically from secured loans, including the application requirements. Merchant business lending is not centered on collateral or personal assets, and instead focuses on other factors of your business to determine loan worthiness. Some factors that can help with acquiring an unsecured loan might include your credit history, sales records, business growth, and projected financial income.

    Unsecured business loans can come in the form of credit cards, personal loans, corporate bonds, and payday loans. Interest rates tend to be higher and come with a shorter repayment period, which results in a lower amount paid towards interest. There is no collateral required for this loan agreement.

    Why SnapCap?

    SnapCap prides itself on our ability to listen and understand your unique business needs. SnapCap is an open and honest source for businesses to apply and receive the most competitive short-term loan options available online today.


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