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...
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...
Partnering with a business finance consultant can be a strategic move for companies seeking financial support. These professionals offer valuable expertise and industry insights that can streamline the funding process and maximize opportunities for securing funds. By collaborating with a finance consultant, businesses can save time, gain access to a wider network of financiers, and...
Secured business loans offer a longer repayment period and more competitive interest charges. By using an asset as a security for the loan, the business can repay the loan over the period of up to three years. This offers the benefit of more time to use the funds within the business. With an unsecured loan,...
Saving interest is a top priority for finance deals. Every business owner wants to access working capital and bridging finance at the best interest rate. So, in this article we would like to show you how you can always pay less interest on your business loan. The key to saving interest is in the repayment...
When clients delay their payments, it directly affects your business cash flow. If it is the 25th of the month and your bank balance is low and salaries are due. You will need a fast cash injection to keep your business liquid. Traditional channels like banks can take weeks for approval. Banks also do not...
Understanding the impact of business turnover on financial prospects is paramount for entrepreneurs who are eager to advance their ventures. Consider the case of John, a driven entrepreneur with a vision to expand his business empire. With a business turnover ranging between two-to-five-million-rand, John approached Premier Finance with high hopes of substantial support. However, receiving...
