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What Documents Do I Need To Secure A Business Loan?
by Century Business Finance on Jan 10, 2025
Securing funding can be a challenge for small businesses looking to grow. The reality is that unless you are in the very fortunate position to have the capital in place to fund growth you are going to need to try and borrow the money to fuel expansion. For most SMEs, this means trying …
Top 5 Things To Know About Working Capital Business Loans
by Century Business Finance on Jan 3, 2025
Running a successful business is about much more than profit and loss. It’s about staying on top of all aspects of the organisation and ensuring you have the funds in place to take advantage of opportunities when they arise. It can also mean having the security in place for when marke …
What Is an Unsecured Business Loan?
by Century Business Finance on Dec 27, 2024
When you apply for a business loan, many lenders will require you to supply some kind of collateral as a kind of insurance against not being able to pay back the full amount over its term. This is usually in the form of some kind of asset or other security. But what if the business is …
Does Applying For A Business Loan Affect My Personal Credit Score?
by Century Business Finance on Dec 20, 2024
Financing a business can be difficult. Whether that’s getting access to short-term operational finance to pay for everyday expenses or securing more long-term strategic funds to help grow the business over time. Fortunately, there are many types of business loans out there to help you …
How To Overcome Financial Hurdles With A Manufacturing Business Loan
by Century Business Finance on Dec 13, 2024
Manufacturing success is all about keeping the production line moving, but manufacturers often face a unique set of financial challenges such as significant upfront costs, extended payment terms, and lengthy production cycles. These obstacles can limit growth and lead to cash flow man …
Does My Personal Credit Score Affect My Business Loan Eligibility?
by Century Business Finance on Dec 6, 2024
Does your personal credit score affect a business loan? The simple answer is yes. Most business owners applying for a loan will probably realise fairly quickly that their own personal credit score does apply and impact their business’ ability to get funding. However, perhaps the more …
How A Business Cash Flow Loan Can Fuel Your Growth Initiative
by Century Business Finance on Nov 22, 2024
If you're looking to grow or expand your business, extend operations, or take advantage of new opportunities, then maintaining a healthy cash flow is essential. While long-term profits can certainly fuel growth over time, accessing funds for more immediate projects or unexpected expen …
Why Business Equipment Loans Are Perfect For Scaling Your Operations
by Century Business Finance on Nov 15, 2024
Not all businesses, especially those at the smaller end of the scale, have the available finances to purchase the expensive equipment they need outright. In fact, investing this level of capital in equipment could have a serious negative effect on cash flow. Even for larger and more e …
What You Need To Know Before Applying For A Same Day Business Loan
by Century Business Finance on Nov 8, 2024
As any small business owner or director will tell you, always expect the unexpected. Everything can be ticking along nicely then suddenly, the wheels can come off. A customer can delay in making a payment, an international supply chain issue can arise, a key member of staff can fall i …
The Different Types Of Business Loans For Construction Companies
by Century Business Finance on Nov 1, 2024
The construction industry operates in a different way to other sectors. Construction projects are taken on by firms, often requiring a significant amount of capital, and they often do not get paid the full amount until the project is completed. This can often mean construction compani …