Almost everyone has heard about various types of loans that an individual can avail as per his or her requirement. Once the loan amount is disbursed, the loan applicant has to repay it back in equated monthly instalments aka EMIs. For the uninitiated, a loan EMI is a specific amount that the borrower has to pay back to the lender every month at a specific date. Before availing any sort of loan, you need to calculate the EMI so that you are aware of the repaying capacity before the loan is disbursed.

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What is your perception of business loans? If you are like most entrepreneurs, you see them as the lifeblood of what you do. Without the right selection of loans to help manage your cash flow, your business would not survive. Fair enough. But did you know that business loans can ruin your business just as easily as rescue it?

Business loans are just a tool. In and of themselves, they cannot make or break your business. Use loans properly and they can be instrumental in accomplishing everything from capital improvements to adding staff. Use them improperly and they will become a ponderous chain that drags your business into dangerous territory.

It is assumed that most business owners know how to use business loans from a practical standpoint. So instead, here are five ways to keep those loans from ruining your business:

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iAdvance Now offers all kinds of alternative financing solutions to organizations large and small. They mainly work with startups and smaller, newer companies that want to avoid using traditional lenders like banks.

I chose to use iAdvance Now because, even though I was able to get a bank loan, the application process was a complicated nightmare, bank personnel treated me like a number, and it would be 30 days before I got my funds even if all went smoothly.

Fed up with the mainstream banking runaround, I decided to give iAdvance Now a try based on what a colleague had told me about them. I was also quite impressed with an iAdvance Now review I saw on a reputable business website.

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If you are the owner of a small business, it is very likely that at some point, you have had to get some financial help in the form of either a loan or money from investors. It is a sad fact that most new start-up companies also fail in the first few years; therefore, ensuring there is a good level of cash to keep paying the salary, rent and bills are crucial. Some people are very damming about companies getting loans however this is sometimes required to get through tough times or even grow. Below are some reasons why business owners prefer unsecured loans.

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Business have different stages of growth, from startup to Fortune 100.  In these stages, one asset that helps fuel its growth is capital. This resource, if not accounted for accurately, will not be available when growth opportunities arise, when your business is recovering from losses or when you’re expanding your operations.

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Small business owners know that there are times when cash reserves can dry up. This may be as a result of unexpected repairs to equipment, an unanticipated re-supply of stock, a brief period of lower demand for goods or services, a temporary revenue shortfall, or simply a month or two when the numbers don’t quite add up as expected. It happens to most enterprises at some point, so there’s no need to be unduly worried.

To help you over a temporary financial hurdle, you may benefit from taking out a short-term business loan. This is a type of finance that provides your small business with an injection of working capital. You will receive a lump sum that must be paid back over a set time, usually a shorter window than other loans. When you take out a short-term business loan, there may be lender fees added, and the interest rate is also likely to be higher than loans paid back over a longer period.

In this article, we’ll talk you through the advantages and potential disadvantages of this solution.

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