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What Is An Inventory Loan And How Does It Work
– investitwisely.com
Running a small business can be both exciting and challenging, and as you enter a new phase, you will come to realize the importance of cash flow when expanding your business. The good news is that you do not have to allow your business plans to take a backseat because inventory loans will be the perfect option for you. With this type of funding, you can purchase inventory using the items you bought as collateral.What Is an Inventory Loan?
Taking out a loan for the first time might be an intimidating endeavor since you will need to choose from a plethora of options. You will also have to make sure that you qualify because lenders are looking at businesses that demonstrate willingness and ability to pay.
In a nutshell, an inventory loan is a type of short-term business financing that helps small businesses purchase much-needed inventory. Many small businesses take out inventory loans for the following reasons:
Obtain upfront cash to address customer demand and increase sales
Prepare for short-term cash shortages
Utilize capital that has been tied up in inventory
Ensure business has enough resources during busy season
Increase product lines
Unlike common types of business loans, inventory loans will not require you to offer your assets or property as collateral…
How to buy bitcoin in Canada (and find out where, too)
– moneysense.ca
What’s the big fuss about holding bitcoin in Canada? If you’re a MoneySense reader, you already know that bitcoin is increasingly major news. The standard-bearer of cryptocurrencies (also referred to as digital or virtual currencies) has been soaring in value. Despite some pretty major fluctuations over the years, $1,000 of bitcoin purchased in 2010 (one year after the currency was established) was worth around $287.5 million at the end of 2020. And when bitcoin hit its all-time high of more than $64,000 in April 2021, that same investment was suddenly worth $800 million—at least for a while.
Crypto has become such a phenomenon that some of the most famous names in global enterprise have climbed onboard. Most notably, in February 2021, Tesla purchased $1.5 billion in bitcoin and announced plans to accept it as payment for its vehicles. Paypal, Starbucks and Yum! Brands (parent company of KFC, Pizza Hut and others) are just a few companies that are now accepting or testing bitcoin payment in various territories…
Crypto has become such a phenomenon that some of the most famous names in global enterprise have climbed onboard. Most notably, in February 2021, Tesla purchased $1.5 billion in bitcoin and announced plans to accept it as payment for its vehicles. Paypal, Starbucks and Yum! Brands (parent company of KFC, Pizza Hut and others) are just a few companies that are now accepting or testing bitcoin payment in various territories…
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