The internet has broken down barriers and made it possible for people to connect in new ways. One of these is peer-to-peer lending, also called marketplace lending. So what is it? Simply put, peer-to-peer lending matches investors with people looking to borrow money. Using an online platform, peer-to-peer lending makes it possible to bypass traditional lenders – such as banks, credit unions and building societies – by connecting lenders and borrowers.
Getting e-commerce business finance can be a challenge no matter what stage you are at with your venture – from start-up to established business. You might think that banks are the only option for getting e-commerce business finance but there are other ways to get the money you need to grow your e-commerce business. Here we’ll look at some of the options for getting e-commerce business finance.
If you are seeking any type of credit — whether a credit card, home loan, personal loan or business loan — your credit score will come into play. So you might be asking, ‘What is a credit score?’ It’s simply a number that is calculated based on the information in your credit file at a point in time. It helps credit providers determine how creditworthy you are and how able you will be to pay back any new debt they give you.
There was a time when boots had straps to pull them on and ‘pulling oneself up by your bootstraps’ meant getting ahead on your own with little or no assistance. Today, the term ‘bootstrapping’ means starting with very little capital and putting all revenues back into the company to help it grow. If you don’t have access to money or investors, bootstrapping might be the only viable way to get started. Here are some tips for bootstrapping a business.
For many small businesses, the focus is on growing sales. When a business is growing, it’s possible for expenses to grow too quickly and get out of hand. When this happens, it can lead to cash flow problems and even threaten the existence of a business. To help you cut back on expenses and improve your cash flow, here are some simple ways to cut small business costs.
Business credit cards can be confusing. To reduce the stress of choosing the right one, here’s a rundown of all the different considerations to think about when finding the best business credit card for your needs.
If you’re applying for a business loan, one of the first requests from traditional lenders will be to see your business plan. A business plan provides the information that traditional lenders need to make an informed decision about whether to approve a business loan and determine the amount. If you haven’t written a business plan before, it might seem like an immense challenge. A good place to start is with an outline covering all the information needed in the business plan. Here’s a brief overview of what to include in a business plan when seeking a small business loan.
Considering a business loan? Before you start looking to apply for a business loan, it will help to understand what banks and other business lenders are looking for when they…
You can have all the right ingredients for a successful business, including the right product or service, excellent customer service and effective marketing that generates revenue. Although it might seem…
If you have a new business and need finance to grow, you usually don’t have many options when it comes to business finance. Besides credit cards, business owners often go…
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