• Finance

    How to Fill Out a Start-Up Loan Application: 10 Steps

    Most entrepreneurs use their own personal savings to launch a business. Still, there are times when you need to depend on the bank for raising capital for funding your start-up ventures. However, due to many fraud plays reported in the name of start-ups, these financial institutions had been exercising tight restrictions on money lending.

    Steps you need to know for filling out a loan application

    Make sure you fill the application neatly with blue or black ink as possible. Further, be attentive so that you make zero errors on it. Now, let us get started.

    1. Ensure you have filled up all the requested basic information. This may include
    • Simple queries about your business company, location details, and even the contact address and phone numbers.
    • A brief on your requirement for applying for the loan.
    • How would you deal with the fund if the loan proceeds?
    • About the machinery sources and the asset, you need to buy and so on.
    1. Moving on, there could be a column where you need to fill in about your previous working details or the venture you had owned. You may also keep your resume for showing your experience with the jobs and your managing capability.
    2. The next section would be about your credit history and you need to fill up info on
    • Your personal financial details like any previous business debts taken along with the lender’s address,
    • Tax details.
    1. Draft a plan on how you are going to run the business. The plan should include
    • Details of your management team,
    • Your products and services,
    • Define the realistic goals of the company.
    1. Submit all the legal documents that approve of your business.
    2. Keep a proof for showing your personal income.
    3. Your bank statements are also a requirement which forms the main source of analyzing the monthly cash flows.
    4. Further, you can create a statement on your overall revenue sources.
    5. Info on any joint accounts or loans you have taken up with your partner.
    6. Finally, double check on the filled matters and avoid any types of errors.

    For knowing more visit https://www.lainaa-heti.fi/lainapaatos/.…

  • Finance

    The Legal Things You Need to Know Before Selling Online

    So, you have heard how friends have boasted about selling their unwanted or DIY on Amazon, eBay, Craig’s list and the likes. If you are intrigued by their claim that with a click of a button they disposed of their stuff, you must try your luck in online selling. You need not necessarily sell old stuff, you can open your own e-commerce website to sell things online but for that, you must follow certain legal procedures.

    I discovered these things when chased by loan sharks near me I had no option but to turn to Craig’s list to dispose of an antique flowerpot. During my research, I came across these key elements that every e-commerce merchant must know before putting their ware for sale online.

    1. Just as it is mandatory for all selling contracts, when you sell any services or goods online you must have terms of service. Your customers must be aware of what services they are getting and if they will be bombarded with monthly emails or if they need to be notified of the change of prices etc. you must build trust from the word go.
    2. Become PCI compliant and use the services of only reputable payment gateways. You must be aware of the local laws and act responsibly. It is your duty to ensure that all credit card details are properly encrypted and safe.
    3. Your goods must be protected and hence you should include in your costs insurance and exchange policy. Keep all communication channels open with your customers as this will lead to less legal hassles in times of dispute.
    4. Firstly, ensure that you are not copying someone else’s idea without due credit. If your product is unique copyright it and issue a patent on it to prevent it being duplicated.
    5. All your transaction records must be available online as well as stored digitally to protect you when things go wrong. All interactions with customers must be records.