June 20, 2019, 1:04 pm

Why Private Lending is Often Better for Start-Ups

by: The Financial Blogger    Category: Social Lending

You have what you believe is a great idea for building a successful business. What you don’t have is enough financing to get your business off the ground. You have some in savings and family and friends are willing to help out too, but you don’t have enough even when all of you pool your resources together. You are going to have to borrow.

The point of this post is to help you understand that, when it comes to start up business loans, private lenders are often the best choice. Yes, there are exceptions to every rule. But for the most part, private lenders are more apt to give start-ups a fair shake. Keep reading to learn why this is so.

Lending Money to Start-Ups

The first thing requiring exploration is what it actually takes to loan money to start-ups. First and foremost, it takes a willingness to assume a high level of risk. By definition, a start-up is a brand-new company without a history behind it. Lenders have to be willing to put their money up with the realisation that they may never get it back.

Commercial banks are simply not set up to operate this way. They have to be rather conservative about all of their loans and investments so as to not jeopardise deposits. Too much risk could lead to complete financial collapse and losses that would be exceedingly difficult to quantify.

Private lenders do not work within the same kinds of constraints. They loan their own money, not money given to them by depositors. Any risk they assume is assumed only on themselves. That makes it easier for them to look at start-ups with less aversion to the risk presented.

What Lenders Look At

Commercial banks have another big problem when it comes to start-up business loans: their lending criteria. They have to be so strict about who they lend to that it is nearly impossible for a new business owner with no history to get appropriate funding. Commercial banks have to look at everything from the business owner’s personal finances to his or her credit history.

Private lenders do things differently. They tend to look at the four following criteria:

  • The Idea – Lenders start by looking at the business owner’s new idea. Is it a revolutionary idea that could disrupt an entire industry? Or is it an idea that plenty of others have tried to capitalise on but still failed miserably with? The idea has to be solid enough to impress lenders.
  • Likelihood of Success – A great idea makes for a good starting point. Lenders next look at whether or not the start-up looks to have a reasonable chance of success. A lender with confidence in long-term success is more likely to make a loan. Any lack of confidence could mean no business financing for the start-up.
  • The People – Next are the people behind the idea. Private lenders are not necessarily looking for PhDs or business owners with prior CEO experience. But they are looking for passionate people who believe in the start-up, its idea, and its mission and vision. They are looking for people who are willing to work as hard as is necessary to succeed.
  • Their Experience – Finally is the experience of the people behind the start-up. Do they have any experience in business? Do they have any experience with the idea they are proposing? Experience certainly isn’t the only thing, but it’s still important in determining whether or not a company is likely to succeed.

A third-party lender that sees only good things in these four categories is less concerned about the risk of lending to a start-up. Less risk aversion means higher chances of approval. From the perspective of company ownership then, convincing a private lender is more about demonstrating what the company is all about.

Combining Financing Resources

Private lenders are usually a better option for start-ups. They tend to have less stringent borrowing requirements and less averse to risk. But know one more thing: sometimes start-up business loans are not enough. There are times when ownership has to combine multiple financing resources to come up with enough funding to keep the business in operation.

Loans from private lenders can be combined with personal resources, loans from family members and friends, and even venture capital. The right mixture of financing resources can supply all the operating capital a start-up needs, and then some.

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June 13, 2019, 4:06 pm

Think about the actual trades mostly

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

It is necessary for most of the traders to take good care with the trades. There is no way to deal with the Forex system without it. We will have to think about some good performance in the business. All of the traders will have to be right with the most proper thinking. There are ways for the traders to manage some good income. Most concentration will have to be into the right management of the quality. Some traders even have a wrong ideology of the proper quality of the trading system. They basically judge a book by its cover. To be exact, their mind thinks about the income as being the main focus in the business. Well, it is not right for the proper business performance. The traders will have to think in the best possible ways for the most proper business performance. We are going to be working with good thinking of the trades. There are ways to work out the trades. All you will have to do is think in the best possible way.

Set things up for the orders

From the beginning of the trades, there will have to be some good thinking. Again, there cannot be any kind of intentions of getting good income from the trades. We will have to sort out the most proper way with the trades. Doing some good planning is needed. Think about simple setups for all of the orders for the trades. As there is more prominence of a losing a trade, why not think about making the minimal investment? There will have to be good thinking for the lots. It cannot be too much for the traders to handle. The mentality of the traders will be disturbed from too much of investment into the trades. Think in the best possible ways for all of the right business performance. There are some good ways for traders to manage the most proper thinking. In the system of trading, there will have to be good overall thinking of the system. It is necessary for traders to maintain the most proper management. One more thing, try to maintain the right kind of thinking with the leverage system.

Learn to trade the market with logic

Making consistent profit in the Hong Kong trading community is one of the most challenging tasks in today’s world. However, if you follow the guideline of the experienced traders, it won’t take much time to master the art of trading. Use the demo account to develop your skills and once you start to make consistent profit use the Saxo Forex trading account. Focus on long term goals and try to trade the market with proper discipline. Consider trading as your business and you will see a significant improvement in your trading career.

There can be a good analysis

Besides the right setups for the opening of a trade, there will also have to be good care for the closing. The trading platforms like Meta Trader will give you some good ways to maintain consistency in the business. There are some good ways for traders to manage the most proper thinking. Just try to manage the most proper business performance in the business, it is necessary for the most proper performance to get some good returns from the trades. But thinking in the best possible ways will have to be reflecting in the setups. We are talking about too much without any kind of technical information. Based on the simple risk to profit ration, think about the stop-loss and take-profit. From there, you will be fine with all of the trades.

Focus on the closing of trades

Some good performance will be possible with the trades from now on. The traders will need some good ideology of the system to work with the trades. We are talking about the possibilities in the executions of the trades.

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June 11, 2019, 1:55 pm

Where to Get Freebies for Online Games

by: The Financial Blogger    Category: Uncategorized

Freebies are the secret to making anything we already enjoy even sweeter and online games are no exception to that rule. Online games are already a huge amount of fun. They let us work together with our friends and other players to solve challenges, we can also make new friends and we get to go on massive, entertaining adventures. Many also feature competitive multiplayer where you can compete to be the best player around.

Many games have exclusive rewards or cosmetic unlocks that you have to pay money for, but if you know what you’re doing, you can get a decent amount of benefits for free. Here are our tips.

Check out new promotions

Before you spend any money on an online game, whether that be at an online casino on your computer or on a console multiplayer game, you’ll want to check out the new promotions. To entice new players, many games offer sign up and welcome bonuses that give you extra money to play with or free spins.

Many of the best online casinos run promotions like these, giving you freebies so that you check out their sites. At Spin Casino, they will double your first deposit up to $400 in a three-part welcome package that’s worth $1,000. Zodiac Casino will give you 60 free spins just for depositing one Canadian dollar and 888 Casino will give you 30 free spins just signing up. While offers vary, you’re bound to find a deal that suits your gaming style if you look around.

Complete challenges and objectives

There is a giant amount of competition in the online gaming space and game developers have had to come up with new ways to keep players around. One of these ways is to offer daily challenges and objectives. These help you to discover new parts of the game, new reasons to love it and new ways to have fun.

Many games, such as Epic Games’ Fortnite, also give you free currency for completing these challenges. Certain Fortnite challenges will cost you V-Bucks to unlock, but if you complete all of the challenges you will get back more V-Bucks than you put in. You can use the difference to buy your next battle pass or to spend on premium cosmetics.

Refer Your Friends

If you’re a popular person with a large friend group then online games are the best way to show it. Online multiplayer games are better enjoyed with your friends and so many developers run friend referral programs to encourage you to get other people to sign up. They get a bigger player base and you have an awesome squad, ready to head out on adventures with you.

Some friend referral programs come with freebies. The World of Warcraft system gives you a free month of game time, bonus XP, a free pet or mount and more. The Destiny 2 friend referral program got players a special ship, Sparrow vehicle, and emblem.

Whether you play freemiums or your online games cost money to play from the start, there are freebies to be had. You can be financially smart when you’re having fun.

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April 16, 2019, 8:13 am

Where to Get Freebies for Online Games

by: The Financial Blogger    Category: Uncategorized

Freebies are the secret to making anything we already enjoy even sweeter and online games are no exception to that rule. Online games are already a huge amount of fun. They let us work together with our friends and other players to solve challenges, we can also make new friends and we get to go on massive, entertaining adventures. Many also feature competitive multiplayer where you can compete to be the best player around.

Many games have exclusive rewards or cosmetic unlocks that you have to pay money for, but if you know what you’re doing, you can get a decent amount of benefits for free. Here are our tips.

Check out new promotions

Before you spend any money on an online game, whether that be at an online casino on your computer or on a console multiplayer game, you’ll want to check out the new promotions. To entice new players, many games offer sign up and welcome bonuses that give you extra money to play with or free spins.

Many of the best online casinos run promotions like these, giving you freebies so that you check out their sites. At Spin Casino, they will double your first deposit up to $400 in a three-part welcome package that’s worth $1,000. Zodiac Casino will give you 60 free spins just for depositing one Canadian dollar and 888 Casino will give you 30 free spins just signing up. While offers vary, you’re bound to find a deal that suits your gaming style if you look around.

Complete challenges and objectives

There is a giant amount of competition in the online gaming space and game developers have had to come up with new ways to keep players around. One of these ways is to offer daily challenges and objectives. These help you to discover new parts of the game, new reasons to love it and new ways to have fun.

Many games, such as Epic Games’ Fortnite, also give you free currency for completing these challenges. Certain Fortnite challenges will cost you V-Bucks to unlock, but if you complete all of the challenges you will get back more V-Bucks than you put in. You can use the difference to buy your next battle pass or to spend on premium cosmetics.

Refer Your Friends

If you’re a popular person with a large friend group then online games are the best way to show it. Online multiplayer games are better enjoyed with your friends and so many developers run friend referral programs to encourage you to get other people to sign up. They get a bigger player base and you have an awesome squad, ready to head out on adventures with you.

Some friend referral programs come with freebies. The World of Warcraft system gives you a free month of game time, bonus XP, a free pet or mount and more. The Destiny 2 friend referral program got players a special ship, Sparrow vehicle, and emblem.

Whether you play freemiums or your online games cost money to play from the start, there are freebies to be had. You can be financially smart when you’re having fun.

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April 5, 2019, 1:04 pm

Road To Good Credit Infographic

by: The Financial Blogger    Category: Uncategorized

Your credit score is extremely important, in fact, it’s an asset that you can leverage to get the best finance deals. So, if you’re in the market for a house, a car or even a personal loan, you want to at least consider your credit score and what influences it. If you have a near-perfect score then you can proudly join a very select club.

However, it’s not uncommon to have a less-than-stellar score, and it’s surprising how many people out there don’t really know what a credit score is, let alone what influences it.

Credit reference agencies store details of your credit score in your credit report, and every time you apply for car finance, a mortgage or any type of personal loan, this financial record is accessed by lenders which gives them information on how you handle your credit.

So, if you’ve missed payments on your phone bill that will show up and potentially influence a lender. If you’ve defaulted on a previous loan for example, this will leave a mark on your report. Likewise, if you always meet your contractual obligations then this will be reflected as well.

This makes sense if you think about it, going with car finance as an example, if a lender is going to let you drive away in a car worth thousands of pounds, they want to make sure that you’re a responsible borrower and you’re not a risk for them to lend to.

Fortunately, even if you have bad credit, there are specialist lenders out there who can help you. Check out this comprehensive guide to bad credit car finance if you’d like to learn more about bad credit.

The infographic below details some simple steps you can take to improve your credit score and ensure you’re doing things the right way. Staying on the road to good credit will open you up to the best finance deals.

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