For many entrepreneurs and small businesses, bank loans are an important source of funding, whether to fulfil orders, employ staff or finance patent protection applications. This guide uses a well-known acronym to help you fully prepare for a loan application and maximise your chances of receiving capital.
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For many entrepreneurs and small businesses, bank loans are an important source of funding, whether to fulfil orders, employ staff or finance patent protection applications. This guide uses a well-known acronym to help you fully prepare for a loan application and maximise your chances of receiving capital.
Continue reading
Ten years ago, a small business owner might reasonably expect to visit the local bank manager and – assuming the business was fairly healthy - negotiate a loan or an overdraft. But that was before the series of calamitous events that have hit the global economy and changed the financial industry forever.
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Choosing the right business bank account is essential. Bank accounts differ in the facilities offered, borrowing costs and your relationship with the institution. Make the right decision and your account will serve you well as you grow and grow.
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Many entrepreneurs looking for bank loans have been turned away. There are many reasons why banks reject loan applications; some are easy to fix whilst others may take a substantial amount of time and energy.
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