Four Types of Bank Loans for Business

Is your business in need of a loan? Listed below are types of bank loans for business available from the banks and what to consider to boost your business’ credit worthiness.

Debt and Equity Financing: 6 Tips to Increase Your Chances to Get Financing for Your Start-up Business

Debt and equity financing are basically the two types of financing your business.

Equity financing is a practice of selling portions or shares of a company to outsiders in order to raise money. It can be received at any point in a business’s life. However, most investments are done in the early stages of the company. And any entrepreneur can avail of equity financing. But those that are high-risk with the potential for high returns are preferred. Equity financing can be obtained from various sources. Investors range from private individuals, called angels, to venture capital firms. But entrepreneur who want to avail of equity financing should prepare a solid business plan or business proposal showing the company’s potential.

ASA Philippines Foundation Financing and Loan Programs for Poor Female Entrepreneurs

ASA Philippines Foundation is offering financing and loan programs for female members from enterprising poor families with a 6 months cycle. Loans are in the form of multiple thousands (e.g. P1,000, P2,000, P3,000, and so on). The initial loan is between P1,000 to P6,000. Its service charge including interest of the loan for six moths is 15%. Payment of loan is weekly P50 per thousand borrowed.

BPI Globe BanKO: New Hope for Unbankable Entrepreneurs in their First Time Business Loan

The launching of BPI Globe BanKO ushers new dawn of hope for small entrepreneurs especially those applying for first time business loan. BPI Globe BanKO is a mobile savings bank with microfinance as its main thrust.

Tips on Getting Debt Financing Loans

When raising capital, hurdles and risks are always present. But even if you cannot rid these, they can be properly managed by considering your business goals and plans, the amount of ownership you want, and how the different financing options will work best for you.

Start-up Entrepreneur: A High Financing Risk for Lending Institutions

Seeking other sources of equity financing or debt financing for a start-up may entail more than just your winning business concept and power of persuasion. Why? Because start-ups are considered high-risk investments. Though, there are some investors such as venture capital firms who are willing to take the risk, if they can see that your line of business or product will yield high returns of their investment in the future.

How to Finance a Business: External Financing Options Available for Entrepreneurs

Unless you’re planning to use your own savings to entirely fund your business, you need to find ways to raise capital from external sources. There are many financing options and different factors to consider on how to finance a business towards success.

First Time Business Loan as an Entrepreneur

First time business loan is a great option for you as an entrepreneur who is just starting out in business. You need to consider the basic things you need in getting the right loan for you. You need to prepare your business plan to show to your lender how profitable your business idea is and that you will be able to pay back the loan granted to you. You may opt to write your own business plan or get someone to write it for you.

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