Payday Loan, Its Benefits and Comparison With Personal Loan

Payday loans are short term loans which are required to be paid back by the next payday. Thus the tenure of these loans is very short, lasting for just 2-3 weeks. The amount of loan is small and can range from £500 to £1500. The interest rate for this sort of loan is on the [...]

The Fallacy of Bank Lending

Question: Why do banks ignore loan request from small business borrowers?
Their Answer: Just too much risk of default or non-repayment.
My Answer: They just don’t understand or care to understand small businesses.
Small businesses just pose too much risk for traditional lending institutions; so they say.  The default rate for small business loans (especially to new entrepreneurs [...]

Can’t Get a Business Loan?

It time again to revisit alternative financing strategies for business owners needing money.  Whether your business needs capital to grow, meet payroll, or to just simply survive, there are numerous alternatives for your company when banks so â??NOâ??.
Personal loans are no longer viable options for business owners.  Banks have tightened their purse strings on personal [...]