The 5 Cs of Credit: Make your business credit-worthy (character)

by esquirec | on March 1, 2013

Any business owner seeking credit would benefit from understanding the parameters by which his credit-worthiness is determined by a financing institution. More popularly known as the Cs of Credit – data related to the applicant’s character, capacity, capital, conditions and …

What the www can do for your business

by esquirec | on January 11, 2013

A businessman in the 21st century is either excited or perplexed at how selling has taken on a whole different turn today. With the whole slew of multimedia and online platforms where one can have a field day with his marketing messages, making a business pitch may feel like being in an awfully foreign country whose language you do not speak: you know there is much to gain by exploring, but what do you do? And which way do you go?

You’re GROWING your business: Should you get financing?

by esquirec | on September 3, 2012

Financing is central to getting any business off the ground and over time, to meeting new objectives of the enterprise. Considerations in making and implementing financial decisions, including the sources of financing and the allocation of funds obtained can, in …

The 5 Cs of Credit: Make your business credit-worthy (collateral)

by esquirec | on July 27, 2012

Especially among banks, collateral is a crucial criterion before granting credit. It is any substantial asset that gives a financing institution some cushion in case your business turns sour and becomes unable to address credit responsibilities. What it means: Your …

The 5 Cs of Credit: Make your business credit-worthy (conditions)

by esquirec | on July 26, 2012

Not only a strong historical performance, but also future viability, is crucial in assessing for CONDITIONS. As a business owner, you are expected to have a clear perspective of how you are going to use the funds you are seeking …

The 5 Cs of Credit: Make your business credit-worthy (capital)

by esquirec | on July 20, 2012

CAPITAL. In life, we stick around and stand by whatever we have considerable investment in. Financing institutions also would find it wise to finance only businesses whose owners put skin in the game. What it means: A review of your …

The 5 Cs of Credit: Make your business credit-worthy (capacity)

by esquirec | on July 19, 2012

Another measure of credit-worthiness is CAPACITY. What it means: Put simply, credit reviewers have to know that your business generates sufficient cash to repay the funds you obtain. There has to be tangible evidence to prove your cash flow as being …

Defaults on car loans up, but borrowing to grow your business still a good idea

by esquirec | on July 10, 2012

While the number of people who use bank financing to buy cars has gone up, the number of borrowers who have gone into default has also increased. Figures on credit cards are better, but not too rosy – with the …