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Dealing with business finances is difficult in this competitive ambiance. The financial planning of your business is an essential step toward ultimately achieving your goals and improving the financial quality of your business. Beta Energy Direct is here to provide financial support for your business. Our underlying core value is that our service should not be investment or product-driven but client-defined & customized to individualized business situations.
We will not compromise the quality of the end result by taking shortcuts along the way. So, contact our team now for better business finance services.
Business finance refers to funds availed by business owners to meet their needs that may include commencing a business, obtaining top-up funds to finance business operations, obtaining finance to purchase capital assets for the business, or to deal with a sudden cash crunch faced by the business.
Business finance, the raising and managing of funds by business organizations. Planning, analysis, and control operations are responsibilities of the financial manager, who is usually close to the top of the organizational structure of a firm. In very large firms, major financial decisions are often made by a finance committee. In small firms, the owner-manager usually conducts the financial operations. Much of the day-to-day work of business finance is conducted by lower-level staff; their work includes handling cash receipts and disbursements, borrowing from commercial banks on a regular and continuing basis, and formulating cash budgets.
Looking for funding? Find out how to finance your startup without a traditional bank.
Starting your own company can be a daunting but rewarding process. While a great business plan is crucial for founders, financing is one of the most important elements a company needs to succeed. However, financing a startup or small business can be a difficult, drawn-out process, especially for those with poor credit. While there is no minimum credit score you must have to get a business loan, traditional lenders have a range they usually consider acceptable.
Why is it difficult for small businesses to get loans from banks?
Capital is difficult for small businesses to access for several reasons. It's not that banks are against lending to small businesses – they want to – but traditional financial institutions have an outdated, labor-intensive lending process and regulations that are unfavorable to local shops and small organizations. The difficulty of accessing capital is exacerbated because many small businesses applying for loans are new, and banks typically want to see at least a five-year profile of a healthy business (for instance, five years of tax data) before extending an offer.
What is alternative financing?
Alternative financing is any method through which business owners can acquire capital without the assistance of traditional banks. Generally, if a funding option is based entirely online, it is an alternative financing method. By this definition, options such as crowdfunding, online loan providers and cryptocurrency qualify as alternative financing.
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Why might small businesses seek alternative financing?
here are several reasons why small business owners might turn to business loan alternatives. Here are three of the most common.
- Lower credit requirements: Traditional banks are almost certain to decline loans to borrowers with credit scores below a certain threshold that, though different for each loan provider, is often between 600 and 650. [Read related article: How to Build Business Credit].
- Easier qualification: Not all small business owners meet the additional requirements to apply and be approved for traditional loans. In these cases, business loan alternatives are helpful.
- Faster approval: Traditional bank loans can take weeks to be approved, whereas some business loan alternatives give you access to funding in as little as one week.
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What’s more, our commitment and dedication to growing our partnerships with trusted business energy providers means we have instant access to incredible deals. It’s one of the reasons why we have become a leading financial consultant and energy price comparison service provider for businesses around the UK.
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Mr.Ali showed great tenacity to get the job done... followed query from beginning to end, Thanks!
Beta Energy have helped me to find the best commercial energy rats for my business on 2 occasions now and i cant rate them highly enough. They explain everything without jargon and work out what the unit prices mean to you individually so in effect how much extra / less the price would mean for you. I dealt with Ali and he is great.
Great customer service. Ali helped me to get a much better rate for my small business. Thank you so much