$770,000 is a lot of money in anyone’s language. Now just imagine being the client who, through no fault of their own, was suddenly looking at the very real possibility of losing this much money just days before Christmas. Yes this story does have a happy ending and yes Strive Financial did step in to save the day. But we’re getting ahead of ourselves…
When it comes to business, cashflow is critical to success. This means having access to cash when you need it to buy stock, pay employees and cover regular bills and expenses. That’s why a small business experiencing cashflow issues – no matter how temporary – can quickly become a big problem. But what if you have the cash, it’s just tied up in your home? That’s an easy fix – you can apply for a short term loan secured against a property.
In other words, you can take out a second mortgage on your home.
What do taxis, uber and short-term loans for small business have in common? This is just one of the questions Strive Financial Executive Director, Cameron Garnham poses when he’s invited to speak about why short-term lending might be the solution to your temporary business challenge.
With bitcoin surging to an all-time high of $70K recently, it’s timely to take a look at how cryptocurrency’s relationship with the financial sector is changing. Here’s what you need to consider when using business loans to invest in cryptocurrency