Released on = August 25, 2006, 1:41 am

Press Release Author = merlin

Industry = Financial

Press Release Summary = Small business owners need not worry. They can get the
finance they want. In this regard, Creditsolutionsteam provides sound advice for
people who want to jumpstart their business, and get going.

Press Release Body = Small businesses often grapple with the questions of survival
and growth. The initial feeling of euphoria slowly gives way to anxiety pangs, when
the reality of finance hits them. However, they can do well by knowing the different
forms of financing options that they can avail.


Lines of Credit
The most common way is to get credit from the banks. Banks have been the traditional
lenders for years. However, the strict guidelines that they prescribe are often mind
boggling. They are also quite conservative when it comes to funding certain
projects. Small business owner often finds it difficult to obtain finance from the
traditional lenders.
Banks finance quite a number of businesses. However, the banks have number of terms
and conditions. Banks also look for certain parameters and sometimes don't lend to
certain types of companies based upon various factors like risk, new venture rather
different type of venture etc.



Business Loans

Small business owners can opt for other business finance such as business loans from
other lenders. There are many lenders in the market who provide finance with
flexible rates and repayment options. If you are just starting a business, then
business loans are a better option than business business lines of credit. You may
need to provide some kind of personal collateral or a security to get the loan.
Factoring

If you have built up a good business and it is running, then you can approach
financial institutions whenever you face a temporary lack of funds. Temporary lack
of funds can happen, when you are not receiving the payments as quickly as you like.
Lending institutions acquire rights to collect payments for a certain amount of
money at a particular rate. You can get money immeditatly in this method. You would
not need to wait for the payments for the working capital requirements.

Purchase order financing
This is a simple mode of financing. If you want to purchase a big item or make
investment in a machine that is costly and you don't have the money, then you can
approach the financial institution that will help you with the money. It will not
collect the money, that your products are sold.
In nutshell, getting the business finance is not easy. Sometimes, you need to have
tact and also good presentation skills to convince the financer to invest in his
company. The lender just like a bank may look at various aspects related to
business, and consider things like break even point, NPV analysis, Return on
investment etc. But, there is a crucial difference between bank and a lender. The
lender usually charges a higher rate of interest. However, he is willing to take
risk unlike the bank. Banks usually finance safe projects, or businessmen having
good contacts with them.


Creditsolutionsteam provides highly rated educational material for start ups and
also experienced entrepreneurs to get timely business finance.
The material at the site helps the clients in checking important facts and also
making them approach in the right way for business finance.


Web Site = http://www.creditsolutionsteam.com

Contact Details = 1-3-183/1,Kawwadiguda Hyderabad Andhra Pradesh,500033,INDIA