Perhaps the most widely used method of financing for businesses is debt financing. In this case, the funds are coming from institutionalized lenders such as banks, credit unions, asset equity loans (such as home equity financing) or credit card debt.
When evaluating your candidacy for a loan, there is a fairly universal method these institutions follow when considering your qualifications:
Capital: Your own investment in your own business. This is an indicator of intent and confidence by the business owner in the viability and prospects of their company.
Character: Evaluate the trustworthiness, liability, experience, credit history and references to create an overall ...Read More
Alternative funding solutions have grown more and more popular as loan restrictions have grown tighter and the economy has grown tougher. Traditional business lenders can make it hard for small and medium business owners to get the cash they need quickly and hassle free. Thankfully, options have opened up for business owners to obtain working capital from other funders and make funding deals that are tailored to their needs. One of the most popular alternative funding options is the Merchant Cash Advance, a program that is repaid through a daily percentage of a business’ credit card sales.
Here are some tips to help ...Read More