Business Loans

Micro Business Loan vs Small Personal Loan for Business Use

Businesses experience unpredictable situations every so often. Recent times, if anything, have only been a true testament to this reality. Some situations call for an urgent need of funds, and some requirements are too little for a full-fledged financing plan in the form of a traditional or an alternative business loan. In such situations, many business owners face the dilemma of choosing between a micro business loan and a small personal loan. To fulfill the financial requirements of their business.

Micro business loans and small personal loans provide quick funds, but their effectiveness depends on the situation. Micro-business loans are usually better due to their larger scale, but decision-makers need to understand the differences. Not all situations are the same, so knowing these variances helps in making informed choices. (more…)

Can a Business Continuity Loans Help Me?

Businesses face ups and downs. When a challenge hinders a business operation, and money is what it takes to bypass the hindrance, a business continuity loan can be a helpful tool. Many businesses consider situations of this sort rather plausible and maintain “Business Continuity Plans” or “Contingency Management Plans” to handle them. Some plans may include an internal source of funds, while some may need external support from a reliable source, like Business Advance Lenders.

While having a defined business continuity plan can be of great help in such times, we at Business Advance Lenders are here for you whether your business maintains a continuity plan to counter a situation of contingency.

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Business Loan Risk Analysis in Short

It is a known fact that loans come with risks. It is also a known fact that everything in business has some risk associated with it. Risk is an integral part of business, and understanding risks can help understand ways to control or reduce them. Through this article, we aim to explore the typical risks associated with business loans and reflect upon the risks – by eliminating jargon, complicated lingo, and technical terminology.

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Business Loans for Beauty Salons and Spas

Whether a pandemic hits the Earth or a recession takes place, fashion will never go out of style. These days, beauty salons offer more than hairdressing and make-up services. They also offer rejuvenating services that enrich our skin. Ladies, in particular, love to wear make-up, but these services let them avoid it. They also offer services like hair removal, massages to help one relax and more, which are things that can never die, because everybody likes to take care of their skin and the way they present themselves to the public.

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Top Pros and Cons of an Unsecured Business Loan

Businesses often utilize credit products such as business loans, for various reasons. In the past few years, unsecured business loans, or business loans with no collaterals are seeing a steady growth in demand across many markets. Even through the tougher times, many unsecured business loan offerings witnessed a rise in demand. Today, we discuss the top pros and cons – or the benefits and limitations – that such business loans feature, so that if you’re planning to apply for a business loan, you have a better understanding of these aspects.

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