online-business

29

Apr

What are merchant loans?

posted by: Gary

You might view your card machine as a simple way of facilitating payments by your customers for the goods and services they buy from you. But did you know that your debit and credit card machine may also be a handy source of additional business funding – through merchant loans? What is a merchant loan? Merchant loans are short-term business loans on which security ...

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loans-credit-checks

21

Apr

Types of business finance

posted by: Gary

In its report on Small Business Finance Markets for the year ending 2018, the British Business Bank noted that only 1.7% of small and medium-sized businesses had approached a bank for a loan (the lowest number in 8 years). Even among those businesses that had applied to banks for such a loan, only 43% had any confidence that their application was likely to succeed. With local banks therefore ...

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17

Apr

What are merchant cash advances?

posted by: Gary

Since the 1st of November 2016, if your application to a bank for a business loan has been turned down, typically, the bank is obliged to provide information on alternative forms of business finance. For businesses that use cards to receive payments – such as restaurants, hotels, shops etc. - merchant cash advances are just one such alternative source. (If your business is a B2...

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12

Apr

Business finance options

posted by: Gary

Where does the money come from that enables your business to survive? In an ideal world, you might say that it comes from your normal, day to day trading operations from the goods and services you sell. You aim to trade at a profit, and those profits are either distributed to the owners or shareholders of your company and the remainder retained so that ...

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04

Apr

How does a working capital loan work?

posted by: Gary

Working capital may be one of the essential elements of any company's financial standing, argued an article in the Investor’s Chronicle on the 28th of November 2018. At its simplest, working capital is the money your company needs to continue trading by operating on a day to day basis. The problem is that with your money tied up in working capital you may be ...

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