So you want to start up a new business? You’ve done your research into the existing businesses and checked out your competition whilst gaining some hands on experience along the way. You’re armed with your business plan, outlining your every move from your objectives, strategies, and target market to your financial forecast. There’s just one little hurdle left to leap over, the decision and arrangement of business finance. For banks still with big trading aspirations and large trading positions, the rule is difficult to comply with. Banks must prove to regulators trades on the books exist to meet customer demand or customer expectations. While those trades sit on the books, they can be subject to market losses, but can be privileged with market gains. Whatever is on the books, regulators want to see them eventually off-loaded to customers.
One of the most frequently used options for those starting a company is to visit their bank in order to obtain business finance. This may take the form of an overdraft, which can be beneficial due to its flexibility. However, if buying over an extended period of time a loan is likely to be a far more suitable option, due to the lower rates of interest.
For what it’s worth, when I failed to pass my prelims1 at a large flagship state institution, I was very much not awarded a complimentary Master’s. I basically came out of those two years with nothing to show for it but some teaching experience that I leave off my resume because observant HR folks will ask questions.