Will CECL Affect How Businesses Get Loans?
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Will CECL Affect How Businesses Get Loans?

Most businesses, large and small, depend on credit to operate. Whether this credit is used for daily operations, improvements, investments or other types of funded transactions, accessing credit to meet these obligations is often crucial. The process of obtaining credit might soon change as financial institutions begin implementing the new current expected credit loss (CECL)...

Posted by April 17, 2019April 18, 2019
Tricks to repay Small Business Loans on Time
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Tricks to repay Small Business Loans on Time

It is at times simpler to get a new small business loan, than paying it off. Because the loan is provided to boost the operational capacity of business, at times the opposite may happen and small business will increase its overall debt, rather than repaying it. However, there are some obvious tricks and tips that...

Posted by April 12, 2019April 12, 2019
How Accounting Standards Treat Small Business Loans
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How Accounting Standards Treat Small Business Loans

Bookkeeping is a specialist job now since there have been a variety of products and services that need accounting treatment to reflect an accurate, transparent, and integral position of the finances of a business. The Generally Accepted Accounting Principles (GAAP) provides guidance on how transactions related to business are treated and recorded. There are also...

Posted by April 9, 2019April 9, 2019
Supporting Working Capital with Small Business Loans
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Supporting Working Capital with Small Business Loans

First, it is important for a small business to understand what working capital is. Working capital is seen as the money needed to run the day to day operations. Many small business owners aren’t aware of how to approach banks and lending institutions to get working capital loans or credit to finance their working capital....

Posted by April 4, 2019April 5, 2019
Everything you need to know about small business Budgeting
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Everything you need to know about small business Budgeting

Budgeting is like painting a picture of the current and future situation of a business. Unless there is workable a budget, a small business or an established entity may not be able to provide a snapshot of their working capital, cash flows and future earning potential. Before making money, it is important to provide for...

Posted by April 4, 2019April 4, 2019
Is Peer-to-Peer Lending Right for You
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Is Peer-to-Peer Lending Right for You

In recent years, small businesses have got access to alternate financial means, helping them meet urgent expansion or problems with cash flows. Apart from the usual credit unions and banks, peer-to-peer lending has also gained traction across the world, especially in Europe and America. Let’s see what these are and how can these be of...

Posted by April 3, 2019April 3, 2019
Unseen Benefits of Small Business Loans
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Unseen Benefits of Small Business Loans

There are a variety of ways in which small business loans can be instrumental in helping business get back on its feet. There is no denying that there are terms and conditions, repayment schedule needs to be met, collaterals should be provided, and a monthly interest payment usually results in paying more than what you...

Posted by April 2, 2019April 3, 2019
Considerations before signing up for a Small Business Loan
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Considerations before signing up for a Small Business Loan

The loan is a form of capital that businesses need to stay solvent, or purchase inventory, equipment, office supplies, and pay for rents and salaries. There is a moment when external credit and loans in the form of debt are critical for operations. After the financial crisis a deiced age, there has been a strong...

Posted by March 27, 2019April 3, 2019
The Science behind Business Line of Credit
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The Science behind Business Line of Credit

Business Lines of credit and the availability of money itself can be instrumental in those crunch times when a business is cash strapped and has to pay vendors, and employees. This may be a result of overtrading, or a few hard quarters when a business is under pressure from economic cycles. Many businesses may also...

Posted by March 25, 2019March 27, 2019