Why You Should Never Lend Money to Friends and Colleagues


Borrowing money from friends is a great way of meeting your immediate/urgent monetary requirements. It offers you a chance to repay the loan as per your convenience. There is no rate of interest (in most cases). Most importantly, you are not required to fill any document while borrowing money from a friend.

In all fairness, borrowing money from friends is quite tempting. Some of your best friends (who trust you) will never think twice before lending money.  Well, trust is a big thing, much bigger than profit and loss, isn’t it? Lending money adds to an individual’s goodwill. As a borrower, you are considered trustworthy when you repay the loan amount on time (again and again).

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5 Ways That Cash Loan Can Make a Difference


Cash loans are wonderful alternatives to payday loans. Typically, the interest rate is better and the repayment terms are easier to manage. Since the income from a job or any number of federal or provincial benefits can be used to meet the lender’s qualifications, obtaining cash loans in Ontario is easier than most people realize. How would a cash loan make a difference for you? Consider these ways to put the money to good use.

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5 Best Options for Commercial Loans


Getting a commercial loan can be a daunting task, although it’s probably an essential one for the success of your business venture. However, not all loan providers are created equal. You’ll need to find good development finance partners that will understand what you’re trying to achieve and can help you secure the necessary funding.

If you’re looking for commercial loans you should take a look at these 5 options:

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How to Use Invoice Factoring as a Business Loan Alternative


Many business-to-business (B2B) or business-to-government (B2G) companies have to wait weeks or months for their customers to pay. This sometimes causes cash flow issues, as earnings get stuck in the form of unpaid invoices instead of being available for use.

Through invoice factoring, you can free up your capital without being in debt or selling equity. How? You get a cash advance in exchange for your outstanding invoices. Instead of waiting for weeks or months for your customers to pay, you can leverage those invoices to get access to funds within a few days. With better cash flow, you can run your business more smoothly.

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How Will You Know if You Can Afford a Small Loan?


If you are in need of a small loan, for whatever reason, you may be wondering how you will afford it, or how long you will be paying it back for. It is important to get to grips with the terminology of a loan and have it all worked out on a repayment plan so that you know exactly how much money you need to pay each month.

Without this, you could have mismanaged finances, spiral into debt, and ultimately get bogged down with a loan you never fully understood.

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A Definitive Guide on Leasing a Van with Poor Credit


Getting hold of some wheels to help your business, or to help with your logistical responsibilities, can be a drag when you have poor credit. If you keep trying the same old providers, you’ll find that everything goes fine until the moment at which you have to provide your credit details. Then, you’ll find yourself told you’re not eligible to lease your vehicle. If you don’t have the cash in the bank to buy outright, you can feel backed into a corner at this stage. If know where to look, however, there are still options out there. This short guide will show you exactly how to lease a van even with a bad credit score.

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8 Ways Equity Financing Can Grow Your Business


Equity financing is a useful tool that can you can use to help grow your business. In this type of financing, you would sell shares of your company to raise money for it. You may choose to sell these shares to your friends and family, to investors, or to sell them in an IPO, or initial public offering. It may also be helpful to consult with an accounting firm like Brown Smith Wallace LLP prior to doing equity financing.

This type of financing is different than debt financing, which is when a company sells bills, bonds, or notes to investors to gain capital. Unlike debt financing, equity financing places no holds or restrictions on the company’s activities. There is also no obligation to pay back the money that you have earned through equity financing either. In debt financing, you must pay back the money that you’ve earned over time with interest.

In this article, I’ll be going over 8 ways equity financing can grow your business, and hopefully, by the end of this article, you’ll have the information necessary to decide whether or not equity financing is the right move for you and you company.

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Everything You Need to Know About Fast Cash Loans


Deviating from the traditional concept of borrowing large lenders and banks, fast cash loans have gaining immense popularity. Maybe your car has broken down or an unforeseen medical bill just came up, small loans come in handy to tackle such unexpected expenses.

A fast cash loan is a fixed amount of money that is paid off after a short period of time. Cash loans offer several benefits:

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5 Commonly Used Commercial Loan Options Explained


Commercial loans are simply debt funding which is used for a variety of business purposes. This includes the development of real estate, to purchase equipment for business operations or to add to available working capital. These types of loans are available from both banking institutions and specialist lenders that focus on providing financing for businesses while eschewing retail banking entirely.

Lending for business purposes takes on a number of forms. This is partly due to the size of the loans which far exceed that of personal loans for individuals to purchase a car or renovate a kitchen. As such, commercial loans run the gamut in type and size with terms varying for larger deals to suit both the lender and the borrower.

In this article, we run through five of the best types of commercial loans available to clear up the main differences between them.

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Why Start Up Business Loans Are Critical for Your Success


The Alliance of American Football (AAF) was a new spring football league that opened its season one week after the 2019 NFL championship game. Years in the making, the league showed plenty of promise in its first few weeks. Then things completely changed overnight. The league folded after just eight weeks, not even completing its inaugural season. The AAF is a shining example of why start up business loans are so critical to small business.

During the media autopsy performed on the AAF in the weeks following its collapse, it was discovered that the company behind the league was in financial trouble early on. The company had promised all of its employees – including players and coaches – that it had enough funding to play for three seasons without any financial worries. It wasn’t true.

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