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5 Tips for Small Businesses Looking for a Loan

The ways in which small businesses and startup companies find the funding they need to develop their ideas and target growth has changed significantly in recent years. The process is no longer focused entirely on winning the approval of your local bank manager and there are new dynamics at play in this vital context for SMEs.

Business loans

Here are some ideas worth having in mind if you’re looking for a loan as a startup or a small business:

1. Be honest and realistic

It is vital that you believe in what you’re working on as you apply for any form of funding.…

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How to Raise Cash Without Calling Your Bank

There is no reason to assume that if a bank rejects your loan or credit application then there is no way for your small business to raise cash or find funding. In fact, there are a growing number of ways in which SMBs can secure crucial lines of credit and loans that provide vital flexibility.

Alternative ways for raising cash for business

Here are a few of the most popular and prevalent alternative finance options currently available:

1. Invoice factoring and discounting

If you’ve never heard of invoice factoring or discounting and you’re a small business boss then it is time to do a little research and find out how the option might work for you.…

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