Why Getting A Bank Loan Is Like Dating

Getting a Bank Loan or Dating? Businesses get turned down for finance, fact. What it doesn’t mean is that your business proposal or the business itself is wrong. Sometimes it just happens. There is a quote from Sahar Hashemi, co-founder of Coffee Republic; For me it’s a numbers game – you should almost notch up
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Why Banks Still Won’t Lend To Business

The Real Reason Banks Wont Lend To Business Anytime Soon The economy is growing, inflation under control, interest rates expected to stay static in 2014, a bit more feelgood in the country. The banks are saying the right things, funding initiatives everywhere. So, why are small businesses still finding it hard to get commercial finance?
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Profitability and What Is It In The Eyes of a Banker?

Profits, sound pretty simple doesn’t it? You sell, you take off your costs, take off your overheads, feed the family, and what’s left is profit. Maybe, but it is important to understand what profitability is in the eyes of a banker. So what is different and what does a banker look at when profit is
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Computer Says No! AKA – How Does Credit Scoring Work?

  Computer Says No, or What Is Credit Scoring? We often get asked this, or rather asked to explain how the decision made by the bank has been arrived at. Firstly, Credit Scoring is a statistically based system which judges each proposal on a set of criteria driven from past experience. It doesn’t judge you
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Alternative Business Finance

Many of us have heard about ‘Crowd Funding’ or ‘Peer to Peer’ lending, but what are these really about, how do they work and are they the genuine article? The basics are that these sites put the depositor and lender together. Historically the depositor has put his (or hers) cash into the bank, who then
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