How Can Small Business Owners Deal with Poor Credit

poor-credit
A poor credit score can have a huge impact on your personal finances. In some cases it can restrict you from getting certain types of credit or even stop you from getting credit altogether. For individuals, dealing with a bad credit score can be tricky enough, but if you’re hoping to start a business, having a poor personal credit score can create further obstacles. This isn’t to say that those with a bad credit score should forget the idea of starting their own business. In fact, if you know where to look and who to turn to, there are plenty of financing options designed to help those with a poor credit rating overcome this and successfully launch their business.

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4 Useful Tips to Follow When Applying for Installment Loan

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loan
Long-term personal loans or installment loans can come in handy if you need a considerably large sum of money but you don’t have or don’t want to deposit collateral as a guarantee. Term loans or installment loans are useful if you want money to start a business, pursue higher education, go on a trip, or for a renovation of your home or business.

These loans are consumer-friendly despite the fact that the rate of interest is generally higher than loans which require collateral because these loans are predictable. The money you have to pay per installment is small and you get a considerably longer period of time to repay than a short-term loan.

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4 Unconventional Ways to Raise Cash in an Emergency

cash-loan
For small business owners cash flow is king. They do not have large line of credit or other ways of easily accessing the cash. Many times they will find themselves in a crunch situation when vendors are waiting at the door for the payment and you are not able to get the cash from your customers fast enough. You may need to resort to unconventional methods to get that short-term cash quickly. One of the ways to do it is by selling or putting away gold or other high value items as collateral in the hope that you will be able to pay back that short-term loan quickly. Here are 4 ways to quickly raise the cash you need by selling valuable items.

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4 Things You Must Look for in Mortgage Broker before Hiring

Mortgage
Taking the first step onto the property ladder is a big move in any person’s life, so it is important that you do not rush when deciding about it. Read up about mortgages as much as you can as there are lots of websites with plenty of useful information, such as the Australian Competition and Consumer Commission website. When you know the type of mortgage you require, you will then need to find a reliable and trustworthy broker to help you make that first step.

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5 Factors to Consider When Choosing Car Finance Broker

Car Purchse
Unless you have enough money upfront, you will need to work through a car finance broker if you want to purchase a vehicle. These brokers can help you obtain a car loan, which will allow you to purchase a vehicle when you need it, rather than waiting until you have saved enough money. It is important to realize, however, that not all finance brokers are alike, and not all of them are looking out for your best interests.

It is crucial, that you take time to search for a car finance broker that is right for you. Below we show number of factors you need to consider when financing a car.

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6 Options to Obtain Financing for Business with Bad Credit

Financing
Financing is a life blood of any business. You have to be able to tap into external funding sources to grow your business. Unfortunately many businesses, particularly those with bad credit are not able to obtain conventional financing due to strict restrictions. Recent developments have enabled many of these type of businesses to obtain the badly needed money. Keep in mind that the interest rates will be high when you try to finance your business through this alternate routes. Shop around for the best rates possible. Here are 6 unconventional options you have available for business with bad credit.

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4 Point Checklist to Ensure your Business Investments are Secure

Business Investment
If your business relies on providing loan or investing in assets, you know how important it is to make the right choices. The wrong choice can be disastrous for the business, and for you personally. While most businesses that are already established will have checks and balances in place already, start-ups may not be at that stage yet. If you are looking at entering a business with this kind of model, it is worth having some idea of what you are looking for before committing to an investment. Here is a handy checklist to help you ensure your investments are secure.

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Pros and Cons of Unconventional Startup Funding

Startup Funding
As any entrepreneur who has gone through starting and funding his business will tell you it can be very challenging to obtain money for the start-up. Traditional banks are very risk averse and will not provide you money if they sense risk in your business, which is what all start-ups inherently have. Fortunately, number of other alternative sources of funding have opened up that can help entrepreneurs get funding without having to go through the hassle of traditional funding route. Not all unconventional sources of funding are equal, however and you need to do proper research before jumping on this bandwagon.Here are some of the pros and cons of unconventional start-up funding that you may want to consider if you are not going the traditional route with the funding of your UK business.

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A Potential Game Changer for Investors and Businesses: Securities Crowdfunding

Crowdfunding
Crowdfunding platforms such as gofundme and Kickstarter have made headway as vehicles allowing millions of people to realize their financial goals. Whether it’s paying for the surgery of a beloved pet, or raising capital to make the movie of your dreams, these instruments of fundraising have revolutionized the moneymaking process. It was only a matter of time before this type of platform was utilized for start-up businesses to connect with investors. But what is crowdfunding and who is it for? Here is a concise guide to help you understand this newest phenomenon.

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Disadvantages of Getting a Business Loan from Bank

Bank loan
For many business owners today, getting a loan is critical part of their business plan. Business loans are often seen as necessary evil, especially if you are just starting out or if you would like to make more investments in the company.

Even if you do have access to financial resources of your own, whether these come from a part of your existing income, from investors, or even from family or friends, you may still need to get a business loan in the future. But if you are thinking of acquiring a loan, especially from a bank, you need to keep in mind some pitfalls that come with it. Here is a lowdown on bank loan you should know before you fill up that loan application.

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