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Welcome to our SME guide on working capital loans— tailored for the savvy entrepreneur. If you’re a small business owner, you’ve come to the right place! This definitive guide explains all you need to know about working capital loans, and why you need to know it. First, let’s cover the basics. Contents What is working capital?When to get a working capital loanTypes of working capital loansChoosing a working capital loan Working capital Working capital refers…

A working capital loan is designed to fund a company’s day-to-day operational expenses, such as inventory purchases or supplier payments. These types of loans typically carry short repayment terms, and aren’t intended for financing long term business needs like major renovations, large scale expansion projects or equipment purchases. Contents What is working capital?When to get a working capital loanTypes of working capital loansChoosing a working capital loan Depending on your business, as well as the…

If you’ve decided it’s the right time to pursue a financing solution, the logical next step is deciding which one. The good news? With the rise of alternative lenders, a wider range of working capital loans are now accessible to small business owners. Here’s an overview of the most common types of working capital loans available: Contents What is working capital?When to get a working capital loanTypes of working capital loansChoosing a working capital loan…

Which working capital loan is right for your small business? Working your way through a checklist of key pointers can help you better determine which financing solution will be the best fit for your needs. While an SME working capital loan might carry a higher interest rate, that shouldn’t be a deal-breaker… there are other considerations you’ll want to make to determine if it’s worth it! Contents What is working capital?When to get a working…

So… your Shopify store’s doing really well. You’re making a tidy profit, and you’re thinking of expanding. Having done your market research, you’ve honed in on a new country where your product offering will rake in that revenue. If that’s a scenario that applies to you, we have two things to say to you: 1) Congratulations, and 2) You’re in luck! Here are 6 tips that will take your online store international— and the Shopify…

It’s a jungle out there… including and especially the business world. While there are countless businesses all over the globe of varying sizes, you might be surprised: even household names like Spotify and Uber are still making a loss. Of course, huge companies in a disruptive market can afford to absorb negative profit margins in the short-run, but not so for startup and SME owners. For the rest of us, here are some lucrative small…

In our previous article, we discussed what FinTech means for ecommerce: a world of opportunity. While we’ve covered the big-picture trends, it’s time to get down to the nitty-gritty. Here are the FinTech innovations that will help ecommerce sellers boost their online sales, and fast. Ecommerce players today face a different set of challenges than traditional business owners do. Digitally-savvy customers expect more than ever from their online transactions, demanding speed and convenience when they’re…

Digital marketing is more important in the small business owner’s arsenal than ever before. It’s hardly surprising news, considering that more than half of the world’s population is online. That means 3.8 billion people are now a potential target audience for your business offering— and its online marketing campaign. The downside? With more information available on the internet, customers’ purchase decisions have become more complex as well. Buyers now refer to multiple sources, both online…

Marketing strategy is one strategy that cannot be separated from the planning and development of a business. Sometimes companies set a sizeable proportion to market their products because this greatly influences the sales. However, for those of you who want to start a business on a small scale, of course you need low-cost marketing ideas so you can save your capital and minimize expenses. Let’s look at some of such marketing ideas. 1. Brochure This…

What does quality product or service mean without effective marketing? No one will know about a product or service if the business does not do good marketing. If you’re familiar in the SME and start-up scene, you’ll know that you’ll need low-budget marketing ideas. It’s important for many companies to do marketing if they want to grow and scale up as they know that spending on promotions will give them good return when sales have…