Important Notice: Protect Yourself from Scammers Posing as Premier Finance We want to bring to your attention the unauthorized use of Premier Finance’s name for loan scams. We are taking action to address this issue, but it will take time to resolve. In the meantime, we have prepared this article to provide you with details of the criminals’ modus operandi...
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Concentration Risk in Business Finance
When seeking financing for your business, it’s crucial to understand concentration risk. Concentration risk is the danger of relying on one segment for a large part of your revenue. Lenders are cautious about concentration risk. It increases the vulnerability of a business to adverse events. This would result in the business considered as a high risk for the lender. In...
Personal loan bellville
If you’re looking for a personal loan in Bellville, Cape Town, you’re in luck! Premier Finance offers a wide range of personal loan options that can help you cover unexpected expenses, consolidate debt, or pay for a special event. Our online loan service connects you to multiple lenders across South Africa, making it easy to find a loan that meets...
Business Loan Approval in 2024
Business loan approval is contingent upon understanding the pivotal factors that lenders evaluate. Before embarking on securing funds for cash flow management, equipment investment, or business expansion, it’s essential to familiarize yourself with the prerequisites for loan approval. Directors Personal Credit One of the first things that lenders will look at when evaluating your loan application is your personal credit...
Unlock Financial Opportunities for Your Manufacturing Business
Are you a manufacturing business struggling to secure financing? Do you find it challenging to meet your financial obligations due to cash flow gaps? You’re not alone. Many manufacturing businesses face similar financial struggles, especially when they need funds for growth or to address unexpected expenses. Fortunately, Premier Finance assists with unsecured business loans designed to help manufacturing businesses like...
Why Correct Bank Statement Format Matters for Loan Approval
As a personal loan hub, we understand that our clients need quick access to funds to meet their financial obligations or goals. That’s why we are always looking for ways to speed up the loan application process. One of the ways in which our clients can help us to do this is by submitting their bank statements in the correct...
5 Key Business Loan Requirements
If you’re a business owner looking to secure financing, it’s important to understand the key business loan requirements that lenders look for when reviewing loan applications. In the world of business, loans are a common way for businesses to obtain the capital they need to grow and succeed. In this article, we will discuss the key business loan requirements that...
Stacking Business Loans: The Pros and Cons
Growing a small business can be a challenging venture, especially when it comes to securing the necessary financing to keep the business liquid. Stacking business loans can provide entrepreneurs with an alternative funding solution, but it’s important to understand the pros and cons of this strategy before making any decisions. Pros of Stacking Business Loans Multiple Funding Sources: By stacking...
Small business loan
Small business loans are a type of financing that allows small business owners to grow their business. These loans can come from a variety of sources, including banks, private lenders, and investors. The process of applying for a small business loan can vary depending on the lender. It involves applying with information about the business and the loan requested. Business...
Business loan bank statements
To get your business assessed for finance, you need to provide bank statements. The bank statements provide financiers with income and expense information to calculate affordability. Affordability is what lenders look for to ensure the business can service the new debt. When applying for a business loan, the document step is usually what holds up the application. Often business owners...
Affordability
There are two main factors that lenders consider when deciding to approve your loan. The first factor is your credit score. Lenders first do a credit check on your id number to see how you have been managing your current credit. If your credit score is below 600 points, your application is automatically declined. However, if your score is good,...
