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Startup Tips

Going to the bank for business funding

Don’t overlook the obvious ”" bank loans are an option if you have collateral

Banks, which look for predictability, are the more likely source of funding for more traditional, established businesses needing capital.Kerwin Wesley Co, vice president at Global Winds Corporation which imports and distributes pest control products, says he was met with some resistance at ...

by Entrepreneur Staff  | September 09, 2016 05:00:00
Run & Grow

Financial Adviser: Know what type of loan to get to save your business

Borrow from a bank? Swipe your credit card? It all depends on when you can pay.

Question: I just opened a coffee shop in Ortigas last year. Business has been so slow, I don’t have enough cash to cover my expenses in the next two months. Is it wise to use my credit card to cover my expenses ...

by Henry Ong  | July 19, 2016 07:00:00
Startup Tips

How to get business loan approval from any bank

More banks are offering business loans to entrepreneurs than ever before, but it doesn't mean you can get one right away. Here's how.

It’s a great time to get a loan from banks big and small, as well as ‘money bodies’ like cooperatives and microfinance institutions. Realizing the power (and quantity) of small and medium enterprises—not to mention the millions of people itching to start ...

by Jennifer Gulle  | April 09, 2015 07:00:00
Startup Tips

5 banks to approach for business loans

Look for funding for your new business idea.

While lending companies and cooperatives are more than willing to lend to good businesses,banks practically live to provide capital for enterprises big and small. Here are five banks you should consider approaching for loans:BDO Banco de Oro has a Small Business Loan ...

by Entrepreneur Staff  | May 14, 2013 09:00:00
Business Ideas

10 ways to get business capital from the bank

Learn how to impress your lender.

One of the greatest problems that entrepreneurs encounter is the lack of funding. While most would use their savings or sell some assets to help finance their business, as a business grows, business expenses often outstrip the entrepreneur’s ability to independently finance ...

by Kendrick S. Go  | October 16, 2012 01:00:00
Startup Tips

Stave off bankruptcy

Are you struggling with your cash flow? Has your bank refused to lend you any more money? Your answers to these questions will help you determine if your company is headed for bankruptcy.

Are you struggling with your cash flow? Has your bank refused to lend you any more money? Are your partners or shareholders no longer willing to infuse fresh capital into your business? Have your vendors stopped extending you credit? Your answers to ...

by Henry C. Ong  | June 11, 2012 03:00:00
Startup Tips

Make thrift banks work for you

What are thrift banks? How can you take advantage of such lenders?

In the Philippine banking system, savings and mortgage banks, private development banks, stock savings and loan associations, and microfinance banks all fall under one category—thrift banks. They’re just smaller than commercial and universal banks (some actually own thrift banks) but a little ...

by Jimbo Owen B. Gulle  | February 23, 2012 10:00:00
Startup Tips

How to raise capital for your startup

Where should you get your capital?

Capital is one of the most crucial things that you will need in starting your business. But where do you get it? listed down some of the possible sources of capital to startup your business.The most common method to raise capital ...

by Entrepreneur Staff  | October 07, 2011 11:00:00
Startup Tips

Funding options for the start-up entrepreneur

Which one is safer? Which one is best?

Entrepreneurs are known for going all the way to turn their business ideas into reality, but they are bound to lose momentum if they don’t have the money to bring those ideas into reality.Some entrepreneurs therefore eagerly look for angel investors like ...

by Entrepreneur Staff  | September 19, 2011 07:00:00
Business Ideas

4 basic questions when applying for a loan

Answering these questions correctly can make or break your loan application

Applying for a loan? Read and prepare for the questions that the banks might ask you.• How much money do you want to borrow?You will need to state in your application the total amount you plan to loan. It can be in ...

by Henry Ong  | September 12, 2011 05:00:00
Startup Tips

Things you need to know before getting that bank loan

Bank loans are helpful when used prudently

There are both advantages and disadvantages in incurring borrowings so seek advice from your financial adviser before signing that bank loan agreementContrary to the common belief that banks only lend money to those who don’t need it, banks in practice do lend ...

by Henry Ong  | September 12, 2011 02:00:00
Startup Tips

3 tips to get that loan to start your business

Having the right mindset can boost your chances of getting your start-up loan approved.

Starting a business is difficult, but getting a loan to start your business is simply terrifying. In the previous years getting a loan involved the loan application, the interviews, and the volume of paper work that one has to do that was ...

April 03, 2011 06:00:00