February 19, 2016, 9:18 am

Business lending tips; What you Need to Consider when Looking at Additional Finance

by: The Financial Blogger    Category: Business

Starting and maintaining a business can be time consuming and financially stressful. If you have a business which is just starting out or your business is looking to expand having additional finance could benefit your company as long as your business and the lending company are up front with one another- you don’t want to be left with a bad credit loan.

Be Honest

If your business is looking to lend some money and is in need of a loan there is no point in trying to hide your businesses previous financial history. Company credit reports insist that all necessary information about your business should all be true so potential lenders can figure out the best options that are available to your company.

If your business is looking for additional finance and you choose to lend money from a bank or a lending company they will check to see if your business has been profitable in the past three years. All lenders will also look closely at your previous credit history so be sure to keep an eye on your credit rating and be up front with the lenders as lying won’t benefit your business long-term.

As well as being honest about your financial history inform the lenders or lending company why you’re in need of additional finance. Your business will have a higher chance of being granted a loan if your reveal what your businesses future prospects or expansions are.

Seek Advice

When applying for a business loan you don’t have to go at it alone why not seek out advice? The business loan market is an ever changing process so ensure you seek out advice to help explain the procedure so your business is aware of all aspects before taking out a loan. Expert knowledge can make it easier to assess the pros and cons of taking out a loan before you do so.

Be Wise

The current business loan market is in high demand and lenders are aware of this. There are still options available to businesses that are looking for reasonable terms when it comes to loans. Just be aware that headline interest rate figures on business loans are used to attract those who are in need of loans but they don’t always reveal all their rates, so it’s best to search around for the best deal. It could seem like a great deal but it might not suit your companys’ needs and you won’t want to be left with a bad credit loan as this could affect your future credit history. So seek out advice and really think about it before making any brash decisions.

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February 19, 2016, 9:17 am

If you own a sole proprietorship what are the best ways to avoid large costs with an international business

by: The Financial Blogger    Category: Business


If you’re the sole proprietor of your business it can be difficult as everything is down to you but there are advantages as you make all the profits and expenses are normally lower than other complex business structures. Expanding to an international market can be expensive so make sure you create a business plan and implement a budget for the expansion of an international business.

One benefit of having a sole proprietorship is that there are normally less expenses which will apply to a domestic market as well as an international one. Once you have got your business license it is always a good idea to get an accountant that way you can track your income and expenses. Having a sole proprietorship means that you won’t pay as much tax as other complex business structures. The tax will vary depending on which country your international business expands to. If you invest in an accountant at the beginning they can take care of the international business as well as your domestic one as there will be different tax laws and requirements depending on the country.

Before any business expands to accommodate an international market as the sole proprietor you will need to prepare an international business plan. Take in to consideration all expenses that you will you have to pay out for which as a sole proprietor there will be fewer expenses and you can easily set up a budget for the expansion of your company.  As the sole proprietor you get the benefit of collecting all the profits so make sure you leave some reserve in case any unexpected emergencies appear.

Once your international business is up and running the use of technology will be the biggest money saver. If you need to check up on your international business you no longer have to take lots of expensive business trips you can communicate constantly with your business thanks to modern technology. Technology allows you to make free conference calls from anywhere in the world with your businesses landline or your Smartphone meaning that you can be calling Poland for less or any other place on the planet for that matter. As well as international calls you can communicate with your international business through online VOIP calls and through e-mails which both only cost virtually nothing as well. E-mails and conference calls have an advantage as well as them being free they can be done from anywhere so you won’t be just limited to your office you can communicate on the go.




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February 9, 2016, 8:06 am

How Merchant Accounts are Evolving for Customers’ needs in the Digital Age

by: The Financial Blogger    Category: Business


If you’re a business owner, entering the digital age can be daunting but unfortunately it’s now a necessity. The start-up of a business’s virtual presence doesn’t have to be pricey and long term it could actually promote more success and more profit for your company. Businesses that don’t accommodate to the customers’ needs of using technology will unfortunately fall behind and lose out to their competitors who do offer a virtual shopping experience.

More and more retailers are switching to using merchant accounts to process payments. Ultimately merchant accounts make it easier for customers to pay with debit and credit cards whether that’s in store or online. Merchant accounts are a quick and easy method of processing payments securely as well. Retailers should invest in multiple merchant accounts for their stores and website as they distribute sales across the accounts decreasing the monthly volume per account and lowers your businesses risk profile.

Shopping habits have changed dramatically over the years due to the opportunities technology has opened up. Online shopping has really taken off in the past few years as customers are able to browse your website in the comfort of their own home. Merchant accounts make shopping easier for customers and retailers, as card payments are accepted and processed quicker through merchant accounts whether they are in store or online purchases.

Online shopping is also great for those who struggle with mobility or for those shopping in a different country. Most retailers recognise the popularity of online shopping and merchant accounts make this process easier for retailers. By using merchant accounts it opens up sales from different countries as they can accept all currencies. Always make sure that the physical store matches the online one as it’s important to have a clear brand image so customers won’t get confused. The physical store is still just as important as having a virtual presence, as some customers mostly older ones will want to visit the store and have a personal interaction.

So you’ve bought your business into the digital age and have an online presences as well as a physical store now what? With the digital age you need to be aware of where your customers are looking and as of 2014 people are using their smartphones more and more rather than their desktops. Many people will be looking at your website through their smartphones or tablet devices so it’s important your website is mobile friendly too. Another option to make sure your business is as accessible to all customers is to adapt your virtual presence and create an app for the use of smartphones and tablets. With merchant accounts retailers can take payments from customers who are ordering from their smartphones and tablet devices. That way you are making the most of your multiple merchant accounts and keeping up-to-date with all of your customers as well as knowing where they are looking from.


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February 1, 2016, 8:49 pm

The Best Way To Learn Forex Trading Online

by: The Financial Blogger    Category: Investment, Market and Risk

Forex (foreign exchange) trading is one of the most lucrative ways of making money online. It involves buying and selling of commodities/currencies based on tiny variations (or gaining and losing) of the same to make profits. The commodities or currencies are traded in pairs from which he/she relies on economic data forecasts, and trends to make trades.


While forex trading is a straightforward investment, a proper understanding of the market and how to carry trades is needed to make profits. This is the reason forex trading brokers encourage newbies and anyone willing to start trading to open demo accounts and learn forex trading through practice before engaging in a live account.  Discussed below are a few methods and ways in which you can use while learning to trade online.


3 Important Steps To Learn Forex Trading


  1. Use practice accounts: Almost every forex broker allows both new and existing traders to open and use practice accounts also known as demo accounts. The demo account helps traders learn forex trading, new tricks and familiarize themselves with the actual trading platform. The best thing about using practice accounts is that you can run trades, make orders, or even learn how to stop loss without risking your money.


You can use the practice account to learn new tricks on how to make more money trading online, and determine what currencies to major on while trading.  Most people do not go past using practice accounts when training to become professional traders online.


  1. Signup with an online trading academy: This is considerably the best way to learn how to learn forex trading online.  These colleges employ trading experts to help mentor and train newbies into becoming qualified traders. Through these tutors, you get to learn most of the principles you would not be able to learn on your own such as leveraging returns, stop loss, interpreting financial graphs, and how to carry trades successfully. These academies also use live data and trading accounts to demonstrate how to make trades and many other principles related to the same.


Many of the successful trading experts have been through the hands of online trading academies. Although signing up with a training academy involves digging deeper into your pockets, this may be the only way to prevent massive losses as a trader.


  1. Look for a mentor: This is especially recommended for traders who taught themselves how to trade. It is through a mentor that you can learn forex trading fundamentals and tricks on how to make good money online. It would however be advisable to look for a trustworthy mentor and someone with experience in the same. You can find a mentor online on forex trading forums and blogs. Forums also pose a great avenue for anyone to learn new tricks on how to execute trades to increase profits and reduce risks. Signing up with these forums is recommended as well.


The first step to becoming a successful forex trader is by identifying platforms you are comfortable with while trading. It would however be advisable to try every available trading platform/software before choosing the best one is recommended. Some of the available trading platforms include meta traders, browser based trading platforms, and mobile platforms. It would also be advisable to choose the best forex trading broker to be successful as a trader.

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January 29, 2016, 11:24 am

Comparing Business Lending: The Best Routes whether you have Good or Bad Credit

by: The Financial Blogger    Category: Business

If you’re in the position where you want to start your own business then you might be wondering about the best ways to secure funding. Unfortunately, if you are a start-up then the established banks will rarely provide you with a loan to finance your new venture, which means you will probably have to investigate into other means of funding. Luckily there are still a lot of options on the table that are being used by business owners every day to finance new ideas, and below we’ll talk you through some of the most effective ones.

Use your home as equity

Homeowners with more than 15% equity could qualify for a loan based on the value of the home. In general, the banks will allow homeowners to borrow between 70-85% of the value of their home, including the mortgage. The main benefit of this method is that it provides you with capital at a much lower interest rate, compared to credit cards, etc. This means it’s becoming a popular choice when people need money to finance their start-up, however the downside is the potential risk of losing your home if you can’t keep on top of things.

Use friends and family

You can use friends and family if you need funding for your start-up business. You can do this in two different ways, by either selling them a share of your business or taking their money as a loan. It’s typically easier to take their money as a loan, as sometimes even small equity owners can believe they should have a say in the strategy of the business, leading to some tricky conversations down the line.

Look into crowdfunding

Crowdfunding allows you to raise small amounts of money from a number of different people, usually through dedicated crowdfunding websites. Some business owners try crowdfunding based purely on the strength of their new idea, whereas others like to offer incentives for supporters who invest. Elsewhere you get some start-ups who offer shares of the company to particularly big investors, and this encourages more people to get involved.

Get a microloan

There are some non-profit lenders who specialise in providing microloans for start-ups. You can borrow a relatively small sum of money, such as $20,000, for your start-up to get going, as long as you have adequate cash flow to make the loan payments. If you do want to go down this route then you might have to show a source of income that is independent of the business.

As you can see there are a few different choices to make when you want to finance your start-up. You should think carefully before making any firm commitments, whether it’s using your home as equity or securing a microloan. If you have explored other options then a payday loan could even provide the funding you’re looking for, as long as you look around for the best deal and know what you’re getting into. As long as you do the homework you should be able to secure the money you need to get your new venture off the ground.

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