If you are a small business or planning on starting up a business, you are more than likely aware of the difficulties of getting a business loan. Traditional banking both for business and personal loans involve long processes and procedures, making it difficult and strenuous. Which is why more businesses …
How to use your Business Loan and Use it Cost Effectively
It is a well-established fact that finance is the most fundamental factor in which a successful business thrives. This makes financial decisions both vital and precarious which your business could highly benefit from. Apart from deciding the source of financing, it is as important to consider the amount of business …
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How to Manage Working Capital for SMEs
What is the most important focus area for any business? Most SMEs make the mistake of focusing only on the profitability of the business. But liquidity is the other pillar on which a company stands. Liquidity is achieved through efficient working capital management. The concept is similar to a person’s …
Cash is King, Cash Flow is Emperor
Businesses, especially SMEs, have grown highly competitive in the past 10 years. Local competition is not new, but international and online competition have kept small businesses on their toes. And along with the general cost of living, cost of doing business has gone up as well. In such a scenario, …
How SMEs Are Evaluated for Financing Suitability
So, you’re a small business owner. You want to apply for business financing. You know you are eligible for the option. You’ve turned in all the necessary documents. What happens now? Specifically: how do financial institutions judge you to be worthy of their financing? If you have ever applied for …
FinTech as Digital Solutions for SMEs
When it comes to managing finances for a successful business, gaining financing is only one part of the story for small and medium-sized enterprises (SMEs). Thankfully, various FinTech platforms provide solutions that can make the lives of small business owners easier. Mainly, FinTech helps through the three categories below: Online …
When Should You Apply for Business Financing?
Building and nurturing a successful business requires a good amount of working capital. The funds can come from private assets, investments, or financing from banks or debt investment/digital financing platforms. But when is the right time to apply for business financing? There are 3 situations that would call for more …
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5 Steps for Better Cash Flow Management
While most business owners know this, many have no idea on how to manage their cash flows. Consider these five steps for better cash flow management.
Choosing the Right Business Financing for Your SME
If you are thinking of and making strategies to develop your business to the next level, you may have already thought about business financing. There are quite a few choices for small business and SME financing, but not all of them are right for your particular business. In fact, if …
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8 Questions to Ask Yourself before Applying for Business Financing
These days, there are more resources available for business financing – from bank financing to debt investment financing. But while the options exist, receiving funding is never easy, especially if you are part of a small business. Then there’s the evaluation bit. Financial institutions and investors review your application thoroughly …