get loans online: top tips on business finance
DESCRIPTION
Funding Options presentation at the 'Running your business in the cloud' event on October 10th in London.TRANSCRIPT
Funding Options talks about using the cloud to get
financeiZettle talks
about cool ways
to take
payments
FreeAgent tell us how to take the pain out of
accounting
Introductio
n
Constant Contact talks about brilliant
email marketing
First things first... what is ‘The Cloud’?
Answer:‘Cloud’ services are simply delivered via the internet
e.g.
There are many benefits to using the ‘The Cloud’
1) Cost: No upfront fees & low monthly payments help cashflow
2) Flexible services that grow with your business
3) Access them anywhere with internet connection
e.g.
4) Connect online services together and cut out admin
e.g. Check Business credit checks debtors via FreeAgent
In conclusion...
‘The Cloud’ means small businesses can more easily compete with the big guys
We’re experts in helping businesses the loans they need, working with a huge panel of lenders
The banks have got a bashing in the press over the last five years...
...and with good reason (BOE data shows lending has fallen)
We’re approaching the problem differently, using the cloud
+E.g. our finance application tool connects to FreeAgent
Here are our top five tips if you’re a business looking for finance
1) Be open-minded
Invoice
finance
Hire purchase
Leasing
Commercial mortgages
Government-
backed lending
schemes
Term loans
Overdrafts
Alternative
lenders
Crowd funding and peer-to-
peer
Mercha
nt cash
advanc
e
Short term
loans
There are many products available, not just traditional term loans
2) Be realistic
Rates will typically be much higher than advertised, and will probably have to give security, sometimes as a personal guarantee
3) Be honest
If you have a poor credit history, tell the lender straight away: they will find out
4) Seek advice
Call your accountant, another business owner or Funding Options
5) Stay informed
We offer free webinars, articles and advice on business finance
fundingoptions.com0845 366 4199#bizinthecloud