I have always interpreted VC as Vice Chancellor. Today I heard another interpretation of the abbreviation, Venture Capitalist. I laughed at the thought of finding myself in at cross purpose in a business talk. In our previous post on how to raise funds for a startup business, we both angel investors and venture capitalists were … Read more
The Kenya Commercial Bank (KCB) introduced a number of business loans to meet the different needs of individuals across the country. The Business loans offered, have a varying interest rate which depends upon the type of loan product offered. The business loans offered by KCB targets Business names, Sole proprietorships, and Limited companies and can be … Read more
If you own a business, then you already know that it is important to maintain good credit. In this article, we intend to educate you on how to reduce credit risk in your business. Having an effective credit management process in place can make all the difference to your cash flow. Here are some … Read more
New startups should fully understand that running out of money is one of the primary reasons that businesses fold shortly after launch. This article includes tips for better business cash flow management and how to avert this kind of crisis. Cash flow management, however, is not easy. Small and medium-sized businesses SMEs usually find it difficult … Read more
The trade finance process is the financing of exchange of commodities, finished goods and raw materials. It makes import and export transactions possible for entities, ranging from a small business importing its first private-label product from overseas, to multi-national corporations. Despite the explosive global trade growth, the trade finance industry hasn’t seen any significant change … Read more
Invoice factoring and invoice discounting are both asset finance types that help businesses release cash which tied in invoices. A funder can be a bank, alternative financier, or invoice factoring company that lend against an outstanding debtor balance or accounts receivable. Simply put, factoring and discounting are cash flow solutions. Factoring makes more sense for … Read more
When looking for a loan (a car loan, a mortgage loan, a personal loan), the first thing people think of is visiting their bank’s local branch. They usually offer excellent customer service, and you tend to get what you need from them. But what do you do if your bank says no to your loan … Read more
I often hear business owners, and individuals alike, say they have no idea why they are unable to get approved for a loan. They make plenty of money, use their credit cards responsibly, and never make late payments. In this article, we enlighten you on top mistakes in applying for a small business working capital … Read more
What is Invoice Factoring & How It Works Invoice factoring is a method in which a business acquires cash using an invoice their customer is due to pay. Since the business is getting credit the business is offered a certain percentage of all the amount due and the rest is paid once the customer makes their payments. This … Read more
