In previous blogs, we’ve looked at ways banks can help their small business customers to raise finance creatively, without having to resort to a business loan. But sometimes short term financing is actually the perfect solution.
Running a small business these days is a 24/7 job. Business owners are living and breathing their business, and continually thinking of new ways to expand and grow. Theyâ€™re forming and maintaining relationships with all kinds of key stakeholders â€“ customers, suppliers, their competitionâ€¦ and most importantly, their bank. The […]
Every business owner wants their staff to go the â€˜extra mileâ€™ and produce their best work. But itâ€™s important to remember that people donâ€™t become more productive overnight.
As a small business banking partner, itâ€™s likely that your small business customers are going to turn to you for advice, particularly if theyâ€™re experiencing financial difficulties.
Increasingly, people are doing their shopping online. From books and DVDs to clothing and cars, e-commerce is here to stay.
Achieving growth thatâ€˜s sustainable is never easy â€“ pumping air into a business means the air needs to keep flowing, as well as avoiding anything that could deflate growth plans.
One of the main reasons that banks develop relationships with small businesses is finance. Usually itâ€™s about lending solutions, but banks can â€“ and should â€“ cement their relationships with their small business customers further by offering finance solutions that arenâ€™t just about loans.
If your business is in a small market, sending your goods off to foreign lands opens up new opportunities to make sales otherwise unavailable to you. The opportunity can be endless. Overseas clients can be a great credibility boost to your business and once you have a track record as […]
Small busineses aren’t limited to just borrowing from the bank. In fact, there are a lot of options out there, but typically business owners aren’t aware of them. For example, just because the bank turned you down doesn’t mean they still can’t help. The U.S. Small Business Administration has a […]
If you havenâ€™t been in business long, it can be tough to qualify for a loan. Lenders want to see a detailed business plan, backed by income and cash flow statements, that prove youâ€™re a good risk. Often strict lending requirements can freeze out new businesses when they need funding […]