Singaporean Entrepreneurs

24 Jan, 2008

When is the Right time to Get Small Business Loans?

Posted by: Singapore Entrepreneur In: Strategies & Tips

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Getting Small Business Loans when your cash flow is healthy may seem like a step in the wrong direction. After all, why would you want to be saddled with loans and interest payments when you can afford to pay in cash?

ORGANIC GROWTH
Well, if sales trends are up, in order to match the growth, you probably need to increase inventory and get more people. This can be a heavy strain on your cash flow, especially if a hiccup should happen along the way. Small Business Loans are there not just as a safety measure, but to give you the ability to move your company to the next level.

GROWTH BY ACQUISITION
Secondly, few people who own small companies think about it, but the fact is you want to get Small Business Loans for growth by acquisition. If you’re doing well and your competitors are not, you are in a position of strength to negotiate and grow by acquisition. The beauty of this strategy, of course, is not only do you get something that is already up and running and just needs a little tweaking, you have also conveniently gotten rid of a competitor. So if you have found a business in your industry that is closing down and you know you can turn it around- Get a Loan. Don’t waste your cash on it. You’ll need it.

So if you’re ready, you can try Accommodative Financial Solutions (afsloansonline.com). There are no application fees, hidden charges, and the processing of a loan only takes 24-48 hours. Best of all, they require no collateral for loans up to US$150,000.

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3 Responses to "When is the Right time to Get Small Business Loans?"

2 | TK

February 2nd, 2008 at 7:27 am

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A friend of mine needed a business loan without collateral or a lot of paperwork. At first, he had trouble finding lenders who would work with him. Then he found the consultants at AFSLoansOnline.com and with their help he was able to get his startup funds quickly. If your credit is good, you can get a business startup loanfrom one of their recommended lenders within a few days. An unsecured loan can be used for almost any purpose.

3 | Jeremy

January 31st, 2009 at 7:13 am

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In this economy, now may not be the right time for a small business loan. But you can always try! Sometimes you need some help and have to get creative. I talked to several people including AFS without feeling they really wanted to work with me. Then I found Eliteloancapital.com and they really impressed me. So far, they have been great to work with. I recommend that you check them out. Thanks for letting me share!

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We occasionally go off-topic but this blog is mainly about doing business in Singapore & China for start-ups. From ideas & strategy to the nitty-gritty details that will affect your business (but no one tells you about them) we try to help any way we can.

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