Devising a good online financing strategy is key to achieving business success. So you should take a moment to plan a good financial strategy for your business. The beginning of the year is a time for reflection and new purposes, so it is the perfect time for you to analyze the financing of your business and take the necessary actions to improve or complement your financing. Here are some options and guidelines to help you in your online financial strategy.
Current situation of online financing
Establishing a financing strategy is a complex and delicate task. Luckily, new sources of online financing emerge every day to facilitate and multiply the available options that adapt to your business model.
Online financing has brought new methods of financing to companies of all sizes. SMEs and medium-sized companies, historically, have had to overcome greater obstacles to access financing. Years ago, having multiple financial sources was restricted for larger companies. SMEs only requested financing from financial institutions. However, thanks to the internet and new products, today any company can diversify its sources of financing. Below we explain the steps you must follow to establish a good online financing strategy.
Steps to establish an online financing strategy
Determine your current situation
Before making the financial decisions that your business needs, you must be objective with the financial position of your company. Therefore, we ask you a series of questions to help you understand what your business requires.
Diversify your financial sources
Knowing your situation well can help you a lot to solve possible unforeseen events. How many financial methods is your company currently using? If your answer is one, you should be aware of the risks involved. By depending on a single funder, if he has an unforeseen event or decides to stop financing, your business can be seriously affected. Lack of liquidity is one of the biggest problems facing SMEs and medium-sized companies.
Establish an estimate of your business growth
What are the growth forecasts for your company? To answer this question, you must be as impartial and objective as possible. Objectively and realistically establish the needs of your business, it is not the same to request financing for a large long-term investment than to solve cash flow mismatches. So you must carefully estimate your needs to choose the right financing product.
Good practices to establish your online financing strategy
Here are a few guidelines to help you focus your financial strategy.
- Establish the needs of your company
- Link your financing with business activity
- Diversify your financing portfolio
- Evaluate the different financial sources
Finally, we explain the main sources of online financing that you can use to diversify your sources of financing.
Online financing options for your company
In Cream Lending you can opt for different financial products online, we tell you:
Online diversification strategy through Crowdlending
Crowdlending is an alternative form of online financing through which companies receive financing via loans thanks to the contribution of multiple investors who lend their money in exchange for obtaining a return.
Crowdlending is the ideal alternative financing to finance your business online. Through crowdlending you can apply for medium and long-term loans to meet the investment needs of your company.
Terms of Cream Lending loans:
- 100% online financing
- Interest rate from 2% per year + Euribor
- Loans from $ 50,000
- Return term of up to 7 years
Some of the main advantages of this financial method are the following:
- Quick and easy financing request
- No additional products
- No amortization fees
- Previous knowledge of all the characteristics of your loan
Online diversification strategy through Crowdfactoring
Crowdfactoring is the ideal alternative to solve your short-term financial needs. Through crowdfactoring you can advance the collection of your clients’ invoices thanks to the contribution of multiple investors and in the best conditions. We tell you:
- Interest rate between 3 and 7% per year
- Minimum invoice amount: $ 3,000
- Due dates for invoices between 30 and 180 days.
The main advantages that you will find in Cream Lending are:
- Factoring without recourse
- Global factoring
- Without consuming CIRBE
- You will get an analysis of your debtors to make business decisions
- Agile and recurring factoring