The sins of a MSME when requesting and obtaining a loan

obtaining a loan

It is inevitable that we think of financing to expand a business or improve operational conditions. When revenues are still nourishing the initial investment as happens in most micro, small and medium enterprises. What should be taken into account when requesting a loan? What does the business bank evaluate?  A more optimal way to request a loan is to be documented by the different communication channels of the bank about the credit offers. What defines whether or not there is ability to pay a financial obligation is its flow. It is derived from subtracting revenues from business expenses. This way we know if it is possible to cover obligations that it has and those it is requesting manager of banking.

obtaining a loan

Does body language matter?

A good attitude is reflected even in the face of the face, a casual and natural expression connotes trust, makes a conversation empathetic and complicated issues flow with greater opportunity to a good outcome. When explaining the business situation to apply for the loan, one must be honest and clear, without straining the conversation with a rigid attitude that makes it difficult for the bank’s advisor to understand the request. Continue reading “The sins of a MSME when requesting and obtaining a loan”

Winning ways to take advantage of your profit sharing

profit sharing

For many employees the profits go like water because they have already acquired many commitments or just this income is not enough. However, no matter how much you get for this concept, you can always take advantage of it. In this regard, Medina, Marketing Manager of Persuader, gives you some recommendations.

profit sharing

Pay your debts

There is nothing better than living without debts, it is advisable to pay them or pay a considerable amount so that your debt is reduced. The rest you can pay more easily, as the monthly payments are reduced. Continue reading “Winning ways to take advantage of your profit sharing”

How to get money to use in your projects and ideas?

How to get money

Do not let the lack of money stop you from starting your projects there are many people willing to help you and finance it if your ideas are good. We show you several ways to get the momentum you need. Although they say that money is not everything this is the first hurdle to start a project. Many ideas do not materialize due to lack of funding many entrepreneurs stop their initiatives when the bank loan they hoped for is denied. If this is your case do not be discouraged, in this article we will show you forms of financing that you may not have known.

How to get money

First, remember that while money is important, project structuring and planning are also valuable. Having this you have already taken a step forward, do not give up because it has already made something more difficult than getting the money. In the case of business, entrepreneurs tend to get investment through entrepreneurship competitions that are usually incubators, where they give them knowledge in strategy. In return, incubators receive money or part of the shares of the companies they help to set up. Continue reading “How to get money to use in your projects and ideas?”