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10 Things Solopreneurs Need to Do With Their Email
Permission it granted to reprint provided bio line stays intact. 1. Go through your emails and find names of prospective clients who slipped away. Follow up on these. Remember ... it takes an average of 7 times for someone to 'bite'. 2. Get your...
300% More Sales With A Simple Zero-Cost Script!
Which word in the whole world sounds the most important to you?
Undoubtedly, Its your name!
The moment you see it or hear it any where, your antenna is up. Naturally and instinctively you notice your name wondering "what caused" it...
B2B Marketing Health and Elder Care Services
Reaching the Decision Makers of the Healthcare and Elder Care Industry Quality Care Options is an established company advocating for the right of all seniors to receive excellent service and product. The organization recommends Certified Senior...
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Strong for business, non-profit and association managers when they use the fundamental premise of public relations to produce external stakeholder behavior change – the kind that leads directly to achieving their managerial objectives.
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TheCreativeInvestor.com's property listings reach the billion dollar mark.
Just this week, TheCreativeInvestor.com surpassed the billion dollar mark of properties being listed in it's online database. TheCreativeInvestor.com is a website focused on real estate investing for Commercial and Residential purposes. It also...
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What is a Business Loan?
A business loan is designed for a wide range of small, medium and start-up business needs including the purchase, refinance and expansion of a business. If you run your own business, it is likely that you will need funds at different points of time for various needs. Whether it is starting or expanding business, purchasing or leasing office space, refinancing equipment or restructuring your balance sheet.
A business loan is an option that provides the most flexible solution to meet your financial needs. Finance is the lifeblood of a business. Without it you cannot grow.
Business loans are generally available from £25,000 to £1,000,000 at highly competitive interest rates from leading commercial loan lenders. A business loan generally has low up front payments.
Applying for business loans is a more involved process than applying for a personal loan. The requirements for a business loan are evaluated differently and the standards to be met are stricter.
Your options will also depend on the bank you are dealing with; banks offer different loan packages, each with its own particular set of terms and conditions. While you can check out what your own bank has to offer, it is worth investigating the business loans being offered by other banks as well.
One of the many advantages of taking a business loan is that it allows you to retain full ownership of the company whereas if you were to raise funds through investors, you would have to share the profits with them. In case of
a business loan, you have to only the interest to pay back.
Another advantage is that you can use the loan for any business related purpose, such as buying machinery, office equipment or paying off a pressing debt without using the cash and working capital for these purposes.
A business loan can be secured by all types of business property, commercial and residential properties. Business loans are normally offered on Freehold and long Leasehold properties with Bricks and Mortar valuations required.
Business Loan rates are variable, depending on status. Your monthly repayments will depend on the amount borrowed and term.
To get approval for your loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more stringent criteria.
To vastly increase your chances of a successful business loan application, you will need to present the following information:
The reason for the loan
The amount required
Details of how you will repay the amount borrowed.
Details of security you will be able to offer to the lender.
Business Plan
You may freely reprint this article provided the author's biography remains intact:
About the Author
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.
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Finance - Leases-Leasing Ezine Articles |
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By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
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