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Short-Term Business Loan
An entrepreneur wrote to comment about the short-term business loan being offered by Aredconsult Finance, an agent of Asialink and Esquire.
Here’s the complete comment, without any editing, except the name:
The payment term for your “Regular Business Loan” is too short. (which starts from 6 to 12 months)
Start of business should not expect for immediate booming. That is 16,666.66 monthly plus your add on rates???
That might arrive 20,000.00 pesos per month, not to mention that we have to reserve also for our commercial space rentals which is 8,000.00 per month. That would trigger nearly 30,000.00 a month.
Where do we get our earnings or profits?
Looks we’re loosing with that TERM of Payment.
Here’s my comment:
Your comment just caught my attention. I appreciate your discussion.
The business loan we are offering is for a short-term business loan. Therefore, the interest rate is much higher than other long-term loans.
Short- and long-term loans each have different uses. As always been the case, short-term loan is for emergencies, i.e. meeting this month’s payroll, periodic marketing campaign, etc.
I don’t have any recommendation on how much percentage should short-term loan composes your total loan.
But it should be a small fraction vis-à-vis the long-term loan simply because short-term loan has a much higher interest rate.
You must work this out, even gradually.
The problem is that some people have no reliable credit track record to be given a long-term loan. This is one aspect you must build upon when you're serious in business.
Lastly, your business or any business should have the cashflow right on the very first day, however small, or else it is not a profitable business for you.
Money should be coming in right the very first day.
Don’t give me the reason that you’re still starting the business and it will take some time. For how long? Have you made some computations, even as simple as your payback period.
Leave projects that have long gestation periods to people with a big war chests like long established corporations.
Take up a business where money (cash inflow) comes in right at the very first day.
This kind of business can be your milking cow for your other planned businesses in the future that have much longer payback period.
You can apply for a short-term Business Loan, from 150k-5 million, on these addresses:
For 150k : http://www.aredconsult.com/finance/asialink
For 5million: http://www.aredconsult.com/finance/esquire
I appreciate your comments below.
Here’s the complete comment, without any editing, except the name:
The payment term for your “Regular Business Loan” is too short. (which starts from 6 to 12 months)
Start of business should not expect for immediate booming. That is 16,666.66 monthly plus your add on rates???
That might arrive 20,000.00 pesos per month, not to mention that we have to reserve also for our commercial space rentals which is 8,000.00 per month. That would trigger nearly 30,000.00 a month.
Where do we get our earnings or profits?
Looks we’re loosing with that TERM of Payment.
Here’s my comment:
Your comment just caught my attention. I appreciate your discussion.
The business loan we are offering is for a short-term business loan. Therefore, the interest rate is much higher than other long-term loans.
Short- and long-term loans each have different uses. As always been the case, short-term loan is for emergencies, i.e. meeting this month’s payroll, periodic marketing campaign, etc.
I don’t have any recommendation on how much percentage should short-term loan composes your total loan.
But it should be a small fraction vis-à-vis the long-term loan simply because short-term loan has a much higher interest rate.
You must work this out, even gradually.
The problem is that some people have no reliable credit track record to be given a long-term loan. This is one aspect you must build upon when you're serious in business.
Lastly, your business or any business should have the cashflow right on the very first day, however small, or else it is not a profitable business for you.
Money should be coming in right the very first day.
Don’t give me the reason that you’re still starting the business and it will take some time. For how long? Have you made some computations, even as simple as your payback period.
Leave projects that have long gestation periods to people with a big war chests like long established corporations.
Take up a business where money (cash inflow) comes in right at the very first day.
This kind of business can be your milking cow for your other planned businesses in the future that have much longer payback period.
You can apply for a short-term Business Loan, from 150k-5 million, on these addresses:
For 150k : http://www.aredconsult.com/finance/asialink
For 5million: http://www.aredconsult.com/finance/esquire
I appreciate your comments below.
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