Lending is a financial term that describes a situation where a lender provides money, properties, or assets to an individual or business on credit to be paid for or paid back later and is usually used within the context of loans. For small businesses, there is always a need for capital boosts, and at times […]
Working with Lenders
What You Should Know About Payday Loans in Canada
Payday loans or cash advances are short-term loans offered by lenders and financial institutions at usury rates. These loans are different from student loans and other loan types. They are called so because these loans are borrowed on post-dated checks or withdrawal authorization, allowing lenders to automatically deduct from the lender’s checking account on the […]
Should You Use a Microloan to Fund Your Small Business?
It’s not uncommon for new entrepreneurs to struggle with business finances, as untested companies are riskier bets for risk-averse lenders. Creative funding solutions, like crowdsourcing, can help you avoid dipping into any personal savings to help get your business started, but a small microloan is another option to jump-start your company. What is a microloan? […]
3 Alternatives to Conventional Loans for Real Estate Investments
Choosing the best way to finance your real estate deals can make or break your bottom line. Selecting the best option can save you thousands of dollars a year and potentially hundreds of thousands over the duration of a loan. Depending on what type of project you are doing will play a part in determining […]
3 Types of Loans You Can Get in Case of an Emergency
It is a good idea to save up for a rainy day, but sometimes the savings dry up, and you need more cash. While you should generally have enough savings to cover yourself for six months, you cannot know what kind of emergency may befall you and how much you should have saved. If you […]
A 2021 Guide: Is It Ever A Good Idea to Take Out a Loan?
If you are in need of cash and are considering applying for a loan, then you might want to take a step back before you actually apply for anything, and consider a few important points. Applying for a loan is a big responsibility, affecting your future credit score and credit utilisation.You may find that the […]
Have These 6 Qualifications to Apply for a Small Business Loan
Applying for a small business loan to help fund your business can be intimidating without knowing all that lenders look for when approving a loan. There are also many different types of small business loans to choose from, which can be overwhelming. Therefore, we offer this short tutorial on the qualifications lenders look for when […]
7 Ways to Get a Bank Interested in Your Startup
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. A question I get from time to time is “Can I ever expect any backing from my bank for a great opportunity?” The short […]
5 Ways to Be Smart with Your Business Loan
A business loan can serve many purposes, from covering startup costs to keeping cash flowing or allowing for expansion into new products or markets. Before you get one, it’s important to decide how you plan to spend it. After all, if you don’t have a solid plan for using the loan proceeds (and paying it […]
6 Top Funding Options for Your Real Estate Investments
You’ve decided to turn to real estate investing to grow your wealth. The only problem is, you have no idea where to get the money from to get started. You may have a small lump sum of cash to work with, but it’s not nearly enough to fund your first project. Before throwing in the […]
