Various ways to get loans for business

Various ways to get loans for business

One of the common ways of financing a business is using loans. These loans are mostly provided by financial institutions such as banks. The most significant advantage of a taking a bank loan is that the banks will help you structure the financing. There are various ways to get loans for business. Some of these ways are:

Installment loans

The loan agreement that is signed by the bank and business owner will specify the monthly installment to be paid. The monthly installment will be broken down into interest and principal amounts.


Interest is normally charged starting from the date the loan is disbursed and is due at the end of a specified period which could be fortnightly, monthly, quarterly or yearly. Any default in repayment normally attracts penalties. These penalties are meant to act as a deterrent to defaulters.

The term of these loans is directly linked to the purpose they are being taken for. The term varies from one month to 7 years. The shorter the repayment period, the higher the interest charged since the bank will try to provide for risk if there is a default.

Unsecured and secured loans

The bank will do an appraisal of the business, and if it is sound, an unsecured loan will be extended to the business. In this case, no collateral will be pledged as collateral. The loan is provided because the bank considers you as low risk. New businesses are highly unlikely to be considered for these unsecured loans because they do not have a history of success and profitability.

Secured loans require some form of collateral. Subsequently, the interest rate charged is lower compared to unsecured loans. The collateral demanded will vary depending on the loan purpose and the amount to be advanced.

Line of credit loans

This is intended to aid the business in meeting their working capital requirements and their business cycle shortfalls. Ideally, a line of credit loans is not good for purchasing pieces of equipment. This mode of financing carries interest at a very low interest. Repayments of interest are done monthly, but the principal sum is done as a one-off.


Before banks offer a line of credit loans, they do an appraisal of the business regarding the financial statements, projected cash flow statements and the tax returns.

In conclusion, regardless of the loan taken, it is important that the purpose and amount of the loan are considered. These factors will, a way, determine the interest to be charged and the repayment amount and the period to be taken.…

Social Media Marketing Benefits

Social Media Marketing Benefits

Social media marketing has projected most businesses especially start-ups to the spotlight and among top rankers in their respective industry. The expansiveness and extensive reach of social media have been among the top reasons why this marketing has been greatly successful.

Marketing is an important aspect and strategy of any business. It is common for large businesses and companies to spend tens of millions of dollars in marketing every year. Marketing through the social media is not only cost-efficient but also creative thereby making it uniquely efficient.

Some of the top benefits of using social media marketing include:

Enhanced brand recognition

Social media platforms and websites provide businesses with effective avenues of reaching an extremely large audience. These platforms make it possible for businesses to share content and voice about their services and products to target audiences in social media. The most fascinating aspect of using social media for marketing is that it makes it easy for businesses to reach new customers and familiarize its brand with already existing customers.


For instance, a user on Facebook who wants to buy Modafinil might learn about the existence of a company that carries the product for the first time through the said social media site.

High conversion rates

Marketing in social media leads to high conversion rates through different ways. Top among these ways is humanization element. The interaction between Internet users and brands leads to the humanization of the brands such that the users are able to know much about the brands in an entertaining way. Additionally, brand humanization comes about because people can deal with the brands firsthand as opposed to dealing through marketers and other middlemen. This results in increased traffic which can then be converted to loyal clientèle quite easily.

Better brand loyalty

Research studies have shown that brands and products marketed on social media platforms enjoy improved customer loyalty. This is mostly because social media users are able to connect directly with the brand and are thus able to relate with the brands in a better way. Businesses should use the brand loyalty provided by social media to reach a larger target audience and invest in promoting the brand’s image and reputation among potential customers and clientele.

Affordable marketing costs

Social media marketing is a relatively affordable marketing strategy as the main investment is time. This is very favorable for a start-up or a business that is on a comeback mission. Hire the services of a professional content to develop to develop top quality content for you; a quality that targets a specific audience. Such kind of content makes it easy to market your product while at the same time providing reliable information about the brand and the businesses to the target audience.

Rich customer experience

dhd84Social media provides efficient communication channels just like in phone calls and emails. As such, you can use social media to show top level customer service by enriching the business’s relationship with the customers. Always ensure that you promptly respond to complaints, questions and other concerns raised through social media. This shows potential customers that you care and value your customers.

Use creative strategies to sustain your social medial marketing efforts. Engage your target audience through competitions, questions, and other fun ways that will make them interested in the product you are selling.…

Tips You Should Know Before Recycling Your Phone For Cash

Tips You Should Know Before Recycling Your Phone For Cash

It comes, this time, you want to get a new phone, because you want to get something better or because the other phone is broken. One might want to sell the old phone to add on cash to buying the new device. Phones in good working condition, original packaging will earn you good cash. A dollar or two will also be earned from old broken phones.


The tips below will help you through the recycling process and earn some cash at the end of the day from your phone


Raid the closet

esdfgsdfhIf you have a single phone you want to get cash from, you can look in all drawers and get other dusty phones that you might have forgotten they existed. You can also collect all other electronics in the house and make cash out of them. Some people hold onto to phones in the name of helping family or friends when they want spare parts, but it comes a time you have to let go.

Shop around to get the best buyers

Do not sell your device to the first vendor you land into. Also, consider other store vendors apart from the online ones. This will help you compare prices and get the one who gives the best for your device.

Know the means of payment

Before giving out your device for sell, want to know how you will receive your payment. Online vendors will offer to pay via PayPal, a cash card, or offer you a check. Retailers will offer you a cash gift card, or hand you cash if you purchased the device from their store and had a receipt as prove. Ensure the method of payment you choose is convenient for you.

Never throw away old phones

3sdwertyIf you have devices that no one will pay for, do not throw them in the dustbin, take them to a Reseller and they will give you another device like a charger for them. Also, consider donating the phones, it makes a difference in somebody else life.

Plan in advance

A phone’s lifespan is shorter than most electronics, some dispose of phones after a year and a half, this means you have a lot of time to plan on how to dispose of that device. Plan in time if you want to sell it to a Resellers or online stores, this will give you time to research on the best paying.…

Tips For Choosing A Business Office For Rent

Tips For Choosing A Business Office For Rent

If you are planning either to start or expand your business in Kuala Lumpur, it is quite obvious that you have seen adverts or posters reading office for rent Kuala Lumpur in your search. Whether you go online or visit agents, these writings will be all over their walls and websites. When hunting for an office, it can sometimes be confusing, and one ends up not knowing who to trust for a good office at the end of the day.

Below are tips that will help you get the best office from the many adverts or posters reading “Office For Rent” in Kuala Lumpur



Consider location

The location is among the most important factors one should consider when choosing an office. We all know that the location of an office has a great impact on the success of business. You cannot risk or make a wrong decision concerning the location of your office. An office should be located in an area secure for both employees and clients. Secondly and most importantly it should be in an accessible area for clients to easily locate you. If your office is in a hidden place, clients will be lost looking for you, and might choose another person whom they can reach fast.



esdfcdfgvhIt is very wrong getting an office which will give you trouble paying rent months down the line. Get an office within your budget considering your business’s financial strength. An office should not at any time be the cause of financial crisis for your organization. Remember the aim of every business is to make a profit. Renting an office you cannot afford is a sign of failure. Get an office you are not struggling to pay for, If you find yourself struggling, then you made the wrong choice.


Office layout

We have different layouts one can choose from. This is however determined by the type of equipment one has as well as the number of employees. Choose a layout that will not make your office seem congested and that which carries all your equipment comfortably.


Do not insist on getting an office in the CBD

esdfcxcgvhbMost people struggle to get an office in the CBD of a city. This is however not a good choice as the charges, and rent is quite high. Due to the congestion in the city, it is quite a difficult to get the space you might need for your office. Try getting an affordable and more spacious office further away from the CBD.…