POST CATEGORY : Finance

Getting the Green Light: 6 Ways to Improve Your Chances of Being Approved for a Loan

A lot of people feel nervous asking for money, even if it’s a lender’s livelihood. We can usually chalk this up to uncertainty regarding whether or not we’ll be approved. If you’re in need of a loan, you might understand that getting approval can take time. It’s a hassle to spend all of that time waiting, only to be denied.

Taking loans

If you want to go into the loan approval process with greater confidence, there are several ways to make it happen.

1. Check your credit

It would be unreasonable to predict how to the loan approval process will go without checking up on your credit.…

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How Much Should You Be Spending on Personal Loans?

People around New Zealand can find personal loans with various values attached to them. Some loans may be worth thousands of dollars depending on what they are for. But while it can be inviting to find personal loans with great values attached to them, anyone who wishes to take out a loan must be aware of the value associated with the loan.

Personal loans

You have to avoid spending too much on personal loans. There are a few things to see when looking at how much you need to spend when getting your expenses in check. These relate to several points associated with your loan and the value you are taking out on that loan.…

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Using Gamification to Achieve Your Financial Goals

While everyone dreams to turn their financial goals into reality, it is disheartening to know that 65 percent of Americans, according to CNBC, save little to almost nothing towards achieving these goals. Little does anyone in the ‘65% club’ realize the danger that this financial irresponsibility puts them in. Undesirable situations such as having no workable budgets, rising debt rates and having little to no funds to offset a huge emergency are becoming the norm.

Gamification for achieving financial goals

The truth is, however, that not everyone can exercise the same level of financial responsibility. Sometimes all it takes is some motivation to get you started.…

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Understanding the Top Challenges of Expense Management

At the macro level, there’s a lot affecting businesses when it comes to expense management. For example, international expansions and globalization are two elements that are influencing expense management, and also making these costs rise in many instances.

Expense management tips

According to the Global Business Travel Association, there will be an estimated four percent increase in costs this year, and businesses need to be prepared to address this general challenge, as well as many others.

One of the best ways to address most challenges of expense management is to choose the right expense report software. Along with keeping costs in check, the following are some of the other challenges businesses need to realize they’re likely facing, as they select expense management software.…

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Expanding at a Cost: 3 Important Things to Know About Financing Equipment

Businesses need to grow, right? The entire reason for a business to exist is providing a needed service or product, so of course they need to grow! The problem is growth costs money, and money is finite. Some businesses have their cash tied up on things like inventory and running costs. So, what’s the solution?

Financing business equipment

The obvious one is a business loan. Taking out a business loan is a great way to provide funds for growth. The problem is that traditional loans are tied to your earnings, which could limit the amount available to you. That’s where your business assets can come in, with something called asset based lending.…

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What are The Benefits and Pitfalls of a Small Business Loan

Despite the many challenges involved in running a small business, it is also an exciting time. There’s so much room for potential, and different aspects of your industry to explore in your business’ development. However, if you’re to drive your business forward and ensure a tangible presence in your local area, raising capital is an absolute must.

One way of achieving your short and long-term goals is by applying for a Small Business Loan. So to help you make an informed decision, here’s what you need to know about Small Business Loans.

Small business loan

What should I do before applying for a small business loan?

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How to Choose a Perfect Accounting Software Program for Your Business – 5 Tips

Accounting has come a long way in the past few decades. It wasn’t all that long ago when the most reliable method in keeping track of income and expenses involved a paper ledger and pencil. With the arrival of new technology, computers have taken the work out of figuring out the numbers and bookkeeping has become much easier as a result.

Businesswoman using accounting software

With the creation of accounting software, any size business can use it and features include far more than calculating the bottom line. These software programs offer options that include forecasting, inventory management and so much more. But how do you choose the right one?…

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How Contractors Can Help Their Customers Find Financing Options

One of the problems with contracted jobs is the cost. Now really, the cost isn’t the actual problem, it’s the sticker shock your customers get when they find out how much their project will cost. They simply aren’t prepared to face a $10,000 or $20,000 (or more) price tag and immediately have second thoughts.

Contractor

So what can you do about this? One way to help is to make it clear there are ways to finance the job available and you can help them use one of them. Then when you get to the price tag you can fill them in with some of those options.…

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Do Student Loans Stifle Potential Businesses?

Approximately 50% of the American private sector is comprised of small businesses. But due to student loans, the American entrepreneurial spirit has suffered a hit and in 2016, CNN reported that US entrepreneurship has been at an all-time low for nearly 40 years.

College student starting up a business

According to a 2015 study done by Brent W. Ambrose, Larry Cordell, and Shuwei Ma, student loans can stop Americans from financing a startup and inadvertently hamper economic growth. The researchers say that potential business owners are encumbered by student loans that they longer have any way of borrowing more money. The student loan debt in the United States is now over $1.3 trillion.…

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Why it’s Crucial to Understand if Your Business can Afford a Business Loan

If your business is running low on cash, or if you’re keen to expand but don’t have the capital, a business loan can seem like the perfect answer.

Business loan

It’s true that a business loan can provide a valuable boost to working capital, especially if your income fluctuates. It can also enable you to pursue exciting growth opportunities.

And these days, getting a small business loan is much easier than it used to be. There is a booming alternative finance market in Australia, with a huge range of lenders eager to lend to small businesses. In fact, about half of Australia’s two million small businesses have a business loan facility other than a credit card.…

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