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Old 16th September 2015, 09:43 AM   #1
Linds_B18
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Default Do You Know How Term Loans Can Help Grow Your Small Business?

Starting your own small business can be one of the most rewarding decisions you’ll ever make in your life; it gives you the opportunity to set your own hours, live the dream of entrepreneurship, and experience the satisfaction of growing something from the ground up. Unfortunately, being a small business proprietor also brings with it a host of headaches and anxieties, not the least of which are uncertain cash flows, worries about personal finances, and maintaining a growth sweet-spot. Small business term loans can help alleviate many of these concerns, and help you position your small business for robust yet manageable growth into the future.

Check out this blog to learn how a term loan can help expand your business.

If you've used a term loan for your small business:
- How did you decide on a term loan?
- Did your lending process go smoothly?
- Did your business ultimately grow and benefit from the term loan?

http://blog.dedhamsavings.com/how-a-...-your-business

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Old 30th September 2015, 02:03 PM   #2
Advance Smart
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There are many business financing options besides term loans. I recommend verbally contacting a funding advisor who actually knows everything about all of the business loan options available to businesses. They will help you decide on what loan works best. All options run as smooth as the underwriting and they are very beneficial if the business owner uses the funding correctly of course.

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Old 16th October 2015, 05:41 AM   #3
LaneKreps
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Small business term loans can be used to provide funds for a different reasons like when you are planning to increase your organization in terms of equipments, office space, occupying any business or any other reason.

Well in brief, a small business term loan will give you an opportunity to grow your business.

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Old 7th December 2015, 12:15 AM   #4
jaynorth
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Well justified post, as it is pretty important to be aware of the clauses of small business loan. Also availing loan to grow a business from a reputable & reliable financial firm is crucial. Else hidden terms or conditions can play a spoilsports during growth period of business.

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Old 8th December 2015, 01:51 AM   #5
watson7tyler
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Default Hi

Quote:
Originally Posted by Linds_B18 View Post
Starting your own small business can be one of the most rewarding decisions you’ll ever make in your life; it gives you the opportunity to set your own hours, live the dream of entrepreneurship, and experience the satisfaction of growing something from the ground up. Unfortunately, being a small business proprietor also brings with it a host of headaches and anxieties, not the least of which are uncertain cash flows, worries about personal finances, and maintaining a growth sweet-spot. Small business term loans can help alleviate many of these concerns, and help you position your small business for robust yet manageable growth into the future.

Check out this blog to learn how a term loan can help expand your business.

If you've used a term loan for your small business:
- How did you decide on a term loan?
- Did your lending process go smoothly?
- Did your business ultimately grow and benefit from the term loan?

http://blog.dedhamsavings.com/how-a-...-your-business

Hi
Budgeting is a crucial thing in your small business. It can make or break your business. You have to be very careful and precise while making your small business budget. Proper budgeting helps you run your business in a streamlined manner. Taking professional help from a CPA can greatly help you in this regard.

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Old 15th May 2016, 04:54 PM   #6
HassleFree
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Default How Long-Term loans can help grow a small business

This is kinda going to sound simple... and my response is that if you can make at least twice a return ON the additional funds (than the COST of the funds), then it should certainly be a no brainer to borrow.

But the HARD part is figuring this out.

You need to look at the different ways you would SPEND the money... and capture ALL the associated expenses (including the loan payment).

You need to look at WORST-CASE scenario on how much additional revenue you will make... and at least as important... how soon you will REALIZE that return in your bank account.

And don't forget that if some of this additional revenue may result in write-offs, you need to estimate the write-offs (again, worst case scenario) and put that into your expenses also.

Now you can ALSO spend money to reduce expenses (automation, re-engineering, better and more productive equipment with less maintenance, etc.). This is easier to determine a forecast from. And the largest companies in the world spend more money reducing unit and fixed costs, than they do increasing revenue.

A third way is to spend money to increase profit margin. For example, you can buy cheaper if you buy more. But you have to pay to store it and you have to sit on it longer... so the cost of additional space, and/or loan servicing, or potential inventory obsolescence, can eat away at the gains.

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Old 3rd July 2016, 10:45 PM   #7
jamesanderson
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Loan Companies are based off on your income to pay the loan back.Get an attorney before you get any business loans.

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