8 Steps to Make Your Startup’s Cash Flow Positive
Cash flow is the lifeblood of any business. Without cash on hand, you will be unable to pay your staff and your bills, invest in growth or buy raw materials to service new customers. Further, if you think that cash flow problems only affect companies with marginal profitability and poor prospects, think again: as your...
Equipment Finance or Equipment Leasing: Which is Best for Your Business?
When your company needs a key piece of equipment but your cash flow won’t permit you to purchase it outright, there are two choices open to you: seeking equipment finance, or leasing the equipment. All about equipment finance The best thing about equipment loans is that they’re relatively easy to obtain, and you may be...
Find the Best Business Loan Depending on Your Credit Score
Almost every startup needs to borrow at one time or another. However, that doesn’t mean they’re equal when it comes to seeking finance. In short, your credit score and trading history will decide who will lend to you – and on what terms. So what are the potential business loan options? If you have a...
Why You Should Stop Making Excuses and Start Building Your Business Credit
Your business credit score is a measure of its likelihood to honor its financial obligations. As such, this seemingly innocuous figure will significantly affect your ability to access credit – as well as the interest rates you pay. It therefore makes good sense to build this score as rapidly as you can, but companies frequently...
How to Get a Small Business Loan Without Collateral
If you require a small business loan but your company doesn’t have any assets (whether property, land, stock or share options), you may need to give a personal guarantee, which can put your personal assets (including your home) on the line. It’s not an attractive proposition, to say the least. That’s not to say that...
Is it Safe for Your Startup to Use an Online Lender?
As a business owner, you surely know there are plenty of scammers lurking, keen to steal your identity or separate you from your cash. Equally concerning, some sites may have no criminal intentions but may not be real lenders either, with the sole purpose of gathering and selling leads. So how reputable is an online...
The Pros and Cons of Small Business Loans
Most growing businesses will need to borrow money at one point or another. Whilst taking on debt is inherently risky, it is often vital to power business success, fund a major marketing campaign or simply deal with an unexpected cash flow crisis. So what are the pros and cons of taking out business loans? The...
5 Benefits of a Short-Term Online Business Loan
Every entrepreneur knows it’s difficult to get the capital to launch a new business. Even when you’ve established your company, it doesn’t take much to knock your cash flow, requiring you to find another source of finance. In this situation, a short-term online business loan can be the perfect solution. As the name suggests, a short-term...
Does Outstanding Debt Affect Your Ability to Borrow?
Chances are you already know that having outstanding debt can affect your ability to secure additional borrowing. But are you aware that the type of debt can make a huge difference? Here’s an overview of different types of borrowing and how they can affect your creditworthiness. Business loans If you already have a business loan,...
5 Things Every Startup Needs to Know About Cash Flow
It’s a sad truism that the first time many new businesses think about cash flow is when they hit trouble. However, this reactive approach is almost certain to create difficulties, and a business that plans ahead is a business that’s much more likely to succeed. So what does your startup need to know about cash...
Why and How to Keep Your Personal and Business Credit Separate
Why should you keep your small business and personal credit separate? After the 2008 financial crash, it has been increasingly difficult for small business owners to get the credit they need to smooth over blips in cash flow, purchase new stock or assets, or budget for growth. This is particularly true in business areas traditionally...