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Debt Financing FAQs

How to increase your chances of raising bank financing

Most owners of small businesses believe that banks only lend money to companies that don’t need it. This is not true. However, what is true is that bankers and the banks they represent will not typically make an effort to understand a business when an owner has not made a concerted effort to explain, in an organized and concise manner: The company’s business What it will do with the money it wants to borrow How it intends to repay any ...

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Top 10 Ways to Avoid Loan Fraud

Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Below you’ll find the top ten ways to avoid becoming a victim yourself. 1.Take your time and shop around. You should be able to compare prices and houses. If a lender or broker tells you they are your only chance to get a loan or owning a home, don’t do business with them. 2.Do not sign a sales contract or loan documents that ...

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How to Raise Finance From Banks?

Start Up Finance will be needed for… Premises Equipment Goodwill if purchasing an existing business Installation of utilities Legal and professional fees Stationery Advertising and publicity Insurance Stock for resale Wages of employees Then as you expand, further finance may be necessary to support any of the above that may increase before you make the sales and get paid. Businesses that are profitable can go bust if they don’t have the appropriate finance arrangements in place to deal with expenses ...

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New Definition of Small and Medium Enterprises (SMEs) for Malaysia

Effective Date: 1 January 2014 Prime Minister, YAB Dato’ Sri Mohd Najib Tun Haji Abdul Razak had recently announced a new definition for SMEs for Malaysia effective 1 January 2014. The National SME Development Council (NSDC) which is chaired by the Prime Minister with members from key Ministries and Agencies, including Sabah and Sarawak, had approved the proposal to raise the qualifying threshold for sales turnover and employment of SMEs for all economic sectors during the 14th NSDC Meeting held ...

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Can’t Get a Bank Loan to Buy a Business? Consider These Financing Methods

As the economy struggles to rebound, unemployment rates remain at historical highs and millions of Americans are still looking for work. As a result, many have considered following their entrepreneurial dreams and “creating” their own job rather than relying on corporate America to see them through. While hard times have kept demand for small businesses high and a wide selection of options are on the market, most business buyers are facing one major challenge: accessing the capital required to purchase ...

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