Many times during running a business, a shortage of funds – or liquid funds – can occur. Such a situation can slow down a business, halt growth, or lead to very undesirable outcomes. Small business owners tend to tackle such situations in one or more of these ways:
The recent second stimulus bill, aimed primarily to aid hard-hit small businesses, nonprofits, and venues has been able to serve many businesses and a lot of positivity has filled the news. Yet, many affected businesses remain without much financial help and some may need to figure an alternate source of funding through these challenging times.
Many such businesses are considering alternate business loans and being an experienced alternate business lender, we aim to provide a clear and helpful insight to all such businesses. So, read ahead and find out if choosing a loan is likely to be helpful for your business in the current scenario. (more…)
Startups today constitute a significant part of the country’s economy. Never before have startups been supported by the government and press media as they are in support in the current decade, and things only seem to be getting better.
Many startups receive financial support from the governments in their initial phases. The support comes in the form of tax benefits, less expensive loans, limited liability terms about various factors, etc. But, not every startup ends up qualifying for or being able to reap the benefits of these loans. Furthermore, a few months down the line, most startup companies exhaust their initial funding support while they’re about to start making profits and this is when a little boost in funding not only helps the startup company survive but also helps it shine and prosper.
In such times, when most other loans may stop being an option, some alternate business loans may be the right choice. (more…)
These days, most industries see a lot of scamsters and con artists and make it difficult for people to believe genuine offerings. There is nothing different about this situation in the lending industry as well. Fraudulent lenders are not unheard of, which is why many people are reluctant about applying for a loan online. However, many a times online loans are the only way to get finances when in urgent need of money for one’s business. So how does one differentiate between a fraud and a genuine lender? May be these few tips may help you: (more…)
It is certain that the world has seen a sudden drastic change in various aspects due to the COVID-19 pandemic. There is no doubt that this has created a stressful atmosphere, especially for business owners due to the rapid downfall of the economy and the need to figure things out in a very limited timeframe.
Dreading the situation is unavoidable, but it is also important to accept and adapt to the change quickly in order to sustain. There is no particular solution to deal with this situation, but there are options and a business owner must choose the best possible one. While factoring in the law of the land and the various SOPs to be followed in order to avoid the disease, one should know and implement the best possible way of taking forward a business. (more…)