HAVELET FINANCE LIMITED

Business Financing Options That Circumvent Local Banks. Financing your own business maybe somewhat daunting, but a rewarding process. 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. If you have a low credit score and no collateral to offer, consider an alternative loan. In this article, we break down 11 small business funding options, examine the benefits of alternative lending and provide tips on how to finance your business.               Business Financing Options That                            Circumvent Local Banks. 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 institu

The capacity for self sustaining economic growth of any country can not be over emphasized This depends on the economic growth the country achieves over a period of time. Economic growth deals with investment and production and also the extent of Gross Domestic Product in a country. Only when this grows, the people will experience growth in the form of improved standard of living, namely economic development. The following are the roles of private finance in sustaining economic growth/development of a country. Savings-investment relationship To attain economic development, a country needs more investment and production. This can happen only when there is a facility for savings. As, such savings are channelized to productive resources in the form of investment. Here, the role of financial institutions is important, since they induce the public to save by offering attractive interest rates. These savings are channelized by lending to various business concerns which are involved in produ