Small Business Start Up Financing , The number one question I get asked as a small business start-up coach is: Where do I get start-up cash? I’m always glad when my clients ask me this question. If they are asking this question, it is a sure sign that they are serious about taking financial responsibility for start it. Not All Money Is the Same There are two types of start-up financing: debt and equity. Consider what type is right for…
Amazon has launched a flexible financing solution for small and medium-sized businesses in the United Kingdom. Amazon sellers in the country can apply for a cash advance, which will be repaid based on their sales. Loans can range up to two million euros. The online marketplace already offered ecommerce business funding to its merchants with Amazon Lending, but it has now added a new flexible financing option in the United Kingdom. In order to do so, it has partnered with…
[ad_1] Heavy trucking equipment can be extraordinarily expensive. Trucking companies of all sizes often rely on commercial truck financing to lease or buy semis, dump trucks, and other equipment that they need to provide their services. However, finding financing for a commercial truck can be difficult in some cases. Understanding how commercial truck loans work is crucial when trying to lease or find a loan, as this allows businesses to improve their chances of getting approved for affordable financing options.…
[ad_1] With current interest rates hitting historic lows, one would assume it should be easier than ever to obtain a mortgage loan, especially since the mortgage payments are more affordable due to lower interest rates. However, pretty much 100% of loan products offered by institutional lenders today are strictly “prime” loans and they are available only to the best qualified borrowers with perfect, or nearly perfect credit, income, and employment. In addition, the property, which serves as collateral, must be…
[ad_1] Every type of business requires some sort of loan or line of credit for a wide range of reasons: start up capital, equipment, inventory, office rental, etc. Since every business and every owner is different and has unique circumstances, the easiest business loan to get for another owner might not be the easiest for you. For start-ups or businesses that have either no credit history or a poor credit history, it will likely be difficult to obtain traditional bank…
[ad_1] Why can volunteer fire departments borrow on low, tax-exempt interest rates? The IRS laws provide a nice benefit for volunteer fire departments. It provides the ability to borrow money at low, tax-exempt interest rates just like your local government. But the IRS has some rules to follow in exchange for providing this benefit and these rules must be followed so that you “qualify” as a tax-exempt borrower. What are the rules that volunteer fire departments have to follow to…
[ad_1] Approximately 2/3 of small businesses carry some sort of debt. If you are struggling to finance everything you need to perform your business, then you might be interested in small business capital loans. Companies with cyclical or seasonal revenue will often require more funding to stay positive during the off-season period. There are some businesses that require loans that can be used for everyday operations. Whatever your case may be, it’s important to choose the right lender. What about…
[ad_1] Searching for information on bad credit business loans? Have you considered bootstrap financing? Millions of would be entrepreneurs just like you, are frustrated because they just can’t seem to qualify for traditional bank loan financing. My Personal Journey Here’s why you should avoid bad credit business loans at all cost… About 4 ½ years ago, my husband and I sold off all of our assets in Ireland and moved to Georgia to escape debt. Our company was sold off, as well as…
[ad_1] Equipment financing rates can vary considerably from one lender or leasing company to another, among different types of assets and geographies as well. This is largely due to the wide spectrum of financing models that are in the market, and the manner in which each lender or lessor targets the market and prices their funding according to risk. So while there can be some funder specific criteria that impacts the effective lending rates, there are some basic guidelines that…
[ad_1] It’s not easy at all for new businesses to get all of the funding they need. Even if you have excellent personal credit, you still might have trouble obtaining all of the business money you need. The good news is that there are a variety of options available these days, including online banks and crowdfunding. Just take the time to research all of the new small business loans and determine which ones you should try going for. Microloans might…