Financing Solutions to Keep Your Small Business Afloat

Business Financing
The business world is tough, especially for start-ups and small to medium sized companies. It doesn’t take long to find yourself short on finances and your bank account on a slippery slope going from black to red. In some cases, all it takes is a late payment from a big customer that halts your cash flow, the loss of an important customer, or an unexpected bill you have to pay right away.

These problems don’t always have to mark the end of your business, but they often make it imperative to find a viable borrowing solution. There are many different options to choose from, and finding the right one for you can be daunting. It involves lot of research, and hours spent weighing the pros and cons and trying to balance your books.

If you’re struggling to know where to turn, here are a few options that you might want to consider:

[Read more…]

Tips for Choosing the Best Car Loan

Car Loan
Car loan is one of the biggest debt people will take after house mortgage. While some people can afford to buy a car with outright cash, majority of buyers need to borrow from banks or other lenders. There are many car loans in the market to choose from, and they’re offered by a number of different lenders, from banks to building societies, large supermarkets, car dealerships and independent providers like Nemo Personal Finance. Remember a Nemo loan is secured against your home so you must ensure you can afford repayments.

[Read more…]

Calculator: What is the Monthly Payment on an SBA Loan?

Business Loan
Small Business Administration loans are essentially bank loans that are backed by the SBA, allowing businesses to get longer loan terms and lower interest rates than a traditional bank loan. The SBA 7a loan is the most popular of these loans, making it the most applicable loan to small businesses. This calculator will not reflect accurate interest rates or monthly payments for other types SBA loans besides the 7a loan.

[Read more…]

How to Balance Risk vs Return in Small Businesses Financing

Risk vs Reward
Anyone who offers credit to small companies faces a standard business decision of adding new revenue with taking a risk for default and debt collection. If credit terms are set too tight to minimize risk, profitable revenue can be lost. On the flip side, offering terms that are too generous can increase the default rate and hurt profitability.

[Read more…]

How to Get Funding for New Business with Little or No Credit

Loan
Here is the dilemma. You have this great business idea that you feel strongly that it will succeed. However, you have no credit and no collateral. What do you do? How can you get much-needed loan so that you can jump start the business? Well, here is some good news. While many lenders may not feel comfortable with giving you money solely on the idea there are some lenders and investors who will base their decision to lend you money largely on the strength of your business idea. If you have cash flow, a great idea, and can prove your concept, you may be able to get the money you need. How? Read on to find out.

[Read more…]

What Role Business Loans Play in Post Recession Environment?

Business Loan
According to economic pundits, the primary reason for the Great Recession of 2008-09 was the climate of easy credit and greed. There was an assumption that property prices would continue to rise so that loans against real estate was a certain winner. It proved to be gross miscalculation, and as the recession kicked in an increasing number of households and businesses suddenly found that they were not in a position to meet their financial commitments. The result was repossessions on a huge scale and many business failures. Fortunately, economic recovery has set in during the last 4-5 years and the questions in need of addressing revolve around whether business should be able to borrow in order to develop and what price should it be paying?

[Read more…]

Should You Tap into Home Equity Loans for your Cash Needs?

Home
The recession affected those living in the United States in number of different ways. Some people lost hours at work, which made caring for their families difficult, and others found themselves drawing unemployment and scrambling to find a new job. The recession also did lot of damage to the housing market. More homes went on the market than there were buyers, which led to homes selling for well below market value. As many found themselves trying to rebound from the recession, they often looked at equity lines to cover the costs they have.

[Read more…]

UK Government Launches Guide to Find the Right Business Finance

Business Finance
Probably the definitive manual for any business looking for funding in the UK is a new Business Finance Guide, jointly launched by the Institute of Chartered Accounts in England and Wales (ICAEW) and the British Business Bank, and promoted by the Department of Business, Innovation and Skills and 18 major finance and business organisations.

[Read more…]

Small Business Optimism Creates Growth Opportunities

Small Business
Economy is headed in the right direction after recovering from the Great Recession. Unemployment is falling slowly, but steadily creating many job opportunities for those who had left work for several years. This has improved consumer confidence, which in turn is helping small businesses who were hit really hard in the recession. Small business owners are feeling quite optimistic about the future of overall economy and hence their own business. They have started to spend money on their service needs and are looking for new financing to grow their business. This virtuous cycle is expected to help US move in the right economic direction for the foreseeable future. Look at the Infographic below to see how this optimism by small businesses is creating growth opportunities for everyone.

[Read more…]

7 Funding Options to Solve Cash Flow Crisis in Your Business

7 Funding Options When Your Business Has a Cash Flow Crisis
Cash flow crisis is the primary reasons most small businesses fail. If you don’t watch cash flow like a hawk your business will end up in trouble sooner rather than later, and in many cases this may prove fatal. Nevertheless, many small businesses will encounter cash crunch at some point in their existence. How you deal with can determine whether your business will be able to survive or meet the graveyard. The immediate action you need to take when facing cash flow challenge is to find found sources that can provide cash on a short-term basis and help you meet your cash obligations to your creditors and employees. Below we describe 7 options you can explore to find cash needed to keep your business going.

[Read more…]