A good financial condition holds your business together. Without the right financial management, a business is as good as doomed. Healthy finances allow your business to function smoothly. The thing is, not everyone is a financial guru. Chances are you’re not one either. But you don’t need to be a …
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4 Steps to Simplify Small Business Accounting
Cash flow is crucial to the life of any small business, which makes keeping track of how you are spending your money especially important for small businesses and SMEs. This is where accounting comes in. Many business owners look at bookkeeping as tedious and time-consuming. But organized financial information should …
Invoice Finance vs Term Loans – The Basics
Success in business is often determined by one simple factor: cash management. The truth is, many businesses fail because they fall short of cash, despite having a good amount of assets and money owed to them by customers. For these reasons, business owners often decide to apply for loans. Of …
Businesses That Should Consider P2P Loans
Peer-to-Peer (P2P) lending is the practice of lending money to individuals or businesses through online platforms that match investors directly with business owners. Businesses can take advantage of Peer-to-Peer loans. P2P loans are particularly advantageous for SMEs. Businesses applying for financing through a P2P lending platform offers a faster, simpler …
5 Steps for Better Cash Flow Management
Financing is the most important aspect of any business and smart entrepreneurs know that a well-managed cash flow will prevent unnecessary costs and charges. Most business owners are aware of the importance of cash flow management, yet many have no idea how to do so. Whether you are a complete …
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4 Reasons Why SMEs Should Consider P2P Loans
With the rise of crowdfunding and Peer-to-Peer (P2P) lending, banks and traditional financial institutions are no longer the only options for credit seekers. This is great news for SME business owners if you are looking to secure a loan for your business. P2P loans can be the solution to SME …
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How to Calculate the Loan Amount You Need
Every business needs plenty of funds and working capital to grow and evolve. There are many ways to get more working capital, from bank loans to P2P lending. But how much more funding do you need, exactly? Calculating the loan amount you need requires precision. You may be tempted to …
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Crowdfunding vs P2P Lending: What’s Right for My Business?
As crowdfunding and peer-to-peer (P2P) lending gain momentum in the financial world, business owners are seeing them as attractive alternative solutions for financing. These two business models, products of the 2000s, are ground-breaking ways to raise capital for your business. However, the answer on which model is best for your …
Got Your Business Loan Approved? Here are 4 Tips for Better Loan Management.
Raising working capital is a challenge and many businesses have dealt with loan rejections, so congratulations on getting your business loan approved! Your newly acquired funds will no doubt help you reach your business goals. The loan application process may have ended, but this is just the beginning of your …
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5 Steps to Optimize Your Chance for SME Financing Approval
SMEs need sufficient working capital for business development. However, gaining more capital is not never easy, especially if you were thinking of applying for a loan. The best advice we can give is “prepare well.” Here are some steps that will help boost your chance for SME financing approval. Build …