Business loans can provide financial aid to stabilize the processes and improve the present situation of the operations in the business. Most of the business owners understand the exact requirements of the business and then decide on the type of loan to be chosen to get the process aligned. The business loan application should be submitted after certain preparations were done by the borrower’s end
There can be instances when your business may face an immediate need of financial support and in any such situation, the best option is to work on the basics that include but are not limited to the following:
- Figuring out the exact need of loans
- Evaluating the precise amount needed as the loan
- Getting the documents ready
- Getting the financial details ready
- Comparing the available plans
- Comparing the lenders on the basis of the rating
- Finalizing the repaying plans
There are several types of loans … Read More
Steady cash flow determines the state and situation of the business. In order, to cope up with the growing costs that may trump revenue, small businesses seek SME loans. Situations can somehow be more grave when it comes to SMEs that are into manufacturing goods. In a Manufacturing SME, the profits earned can be high but so is the risk involved. While the potential to increase the revenue generated in a good manufacturing SME will grow exponentially,lack of proper machinery and manpower may prove to be a hindrance. For a manufacturing business, a lack of business funds can lead to ceasing operations or closing down a plant.
SME financeplays a big role when it comes to financially support small businesses in the manufacturing industry.
Here are a few sources through which a manufacturing SME can secure loans
- Banks: This is probably the most traditional way when it comes
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Erjon Dobi is an Albanian businessman with a Business Administration Degree in Economics and Finance. From 2006-2014 he has completed studies in the United States, and then graduated from the University of Richmond, Richmond, Virginia with an average of 9.5.
After a demonstrated success in US and an excellent review from the academic staff of the University, he decided to return in Tirana and become part of his family business. In 2016, Erjon has been appointed as the CEO of Dobi Management Shpk. In 2018, this company counts over EUR 11,000,000 worth assets.
Dobi Management Ltd is a holding company that has a majority stake in 4 other companies and manages several real estate properties from which it earns income from leasing. Great professional achievements, hard work, and dedication to capturing long-term business objectives have enabled Dobi to lead such a company.
Career and Achievements
In addition to the position … Read More
A close look at hospitalization related expenses or expenses related to medical procedures and you will soon realize that your funds are just not enough. Gone are those days when one could save money for rainy day situations like medical emergencies and utilize funds during those times. Well, you can still do the same, but it would only take a few days’ time for a medical procedure to eat into those funds.
As long as the medical procedures aren’t too complicated, you can do away with your savings. The moment something serious strikes, your savings might not be enough. It is at such times that buying the best health insurance comes to your rescue. Having a good health plan will ensure that you can ride out such waves without much to bother about.
While each one of us might have different reasons for not buying a health plan, two of … Read More
Rhodium is the most underestimated precious metal. It is rare and it is hard to replicate or substitute it since it has unique properties. The mineral is part of a group of metals widely known as PGE group of elements (Platinum Group of Elements). The other precious metals belonging to this category include platinum, iridium, palladium, ruthenium, and osmium.
However, it is the scarcest metal in the PGE group. In the past few years, Rhodium was widely regarded as the world’s most valued metal with its price per ounce hitting $10,000 in 2008. The metal is 120 times scarcer than gold and 200 times rarer than silver. The primary use of the metal in the society is in catalytic motor converters since it is very resistant to corrosion. It also plays a significant role in Solar Energy storage.
The World Rhodium Market
Currently, there are no any mineral deposits globally … Read More