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 …

How Crowdfunding Is Making the World a Better Place

Let us begin by telling you a tale. Once upon a time, in the not-so-distant past (2008, to be precise), a young writer started a crowdfunding experiment called The Omikuji Project. She needed earnings to supplement her household income between novels and wanted to thank those supporting her budding career. …

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 peer-to-peer (P2P) financing platforms. But when is the right time to apply for business financing? There are 3 situations that would call for more …

The Best and Worst Advice Business Owners Have Heard About Crowdfunding

Now that we’ve given some tips to investors, it’s time to show crowdfunding project initiators some love. First things first. Make sure you have differentiated your crowdfunding form. There are three big sections within crowdfunding: rewards-based crowdfunding, equity crowdfunding, and peer-to-peer (P2P) financing. Rewards-based crowdfunding is the favorite for creative …

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Choosing the Right Crowdfunding Product

Interested in raising capital through crowdfunding? We’re not surprised. After all, crowdfunding comes with some pretty sweet advantages. The crowdfunding process is quick and simple – often entirely online. Because crowdfunding requires no collateral, it is a great alternative to traditional financing products. There are three major forms of crowdfunding: …

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 crowdfunding and P2P 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 …

So You Secured Business Financing? 4 Management Tips

Congratulations on successfully securing financing for your business! You must be happy or excited or both. Financing means more opportunities to take your business to another level, right? Of course it does. But before you start spending, you need to have a well thought-out plan for what to do with …

Calculating How Much Financing 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 financing to P2P financing. But how much more funding do you need, exactly? Calculating how much financing you need requires precision. You may be tempted to …

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4 Steps to Optimize Your Chance for SME Financing Approval

No matter the economic climate, whether bright or gloomy, SME owners should always manage their working capital well; sufficient working capital is the key to business development. But gaining more working capital is not easy, especially if you were thinking of applying for SME financing. Rejections may be a reality …