Despite growing support for another round of stimulus checks, the White House and Congress have yet to show any commitment to it. All hope, however, is still not lost. A fourth or even fifth coronavirus stimulus check is still possible, and there are three main reasons for that. Q1 2021 hedge fund letters, conferences and […]
Monthly Archives: May 2021
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The Latest Segway Ninebot Scooter Is a Crowdfunding Success
by Entrepreneur Deals • • 0 Comments
The KickScooter F Series was fully funded just 10 minutes after its campaign launched on Indiegogo.
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3 Video Game Stocks That Could Be Better Investments Than GameStop
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Pursue Your Next Calling with 20 Percent off Shaw Academy Online Courses
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TikTok launches entrepreneur competition with £5,000 cash prize
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
TikTok has announced the launch of the #BeYourOwnBoss competition, with a £5,000 cash prize.
The winning entrepreneur will also win mentoring sessions from high-profile entrepreneurs, marketing from TikTok and the Purposeful Project and a year of financial and business advice from Intuit QuickBooks.
How do I enter?
The competition invites potential business owners to submit a pitch in a TikTok. You need a TikTok account to enter. Your pitch video must be 30-60 seconds long and include the hashtag #BeYourOwnBoss and you must follow @simonsquibb. Alongside your video, you’ll need to fill out a form with a link to your video. Get your entries in by June 30, 2021. Ten finalists will be chosen by the judges to present their idea in more detail to the panel during a live TikTok finale.
Enter the competition here.
Simon Squibb, founder of The Purposeful Project, is a serial entrepreneur and investor. Alongside Simon, some of the judges taking part include:
Justine Roberts CBE – The founder and CEO of Mumsnet
Ben Francis – Founder and chief product officer of Gymshark
Jess Butcher MBE– Co-founder and CMO of Blippar
Alex Depledge – CEO and co-founder of Resi.co.uk
Mark Tilbury– Businessman and influencer who runs multiple seven-figure companies
Lisa Friedrich– Head of SMB, EU at TikTok
The UK government
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What are the funding options for hospitality businesses?
by fundingoptions • • 0 Comments
Originally written by fundingoptions on Small Business
Following a lengthy period of unprecedented disruption, hospitality businesses across the UK are once again gearing up for growth. So, what financial options are out there today?
Meeting hospitality business’ cash flow needs
If you run a hospitality business, you may be in need of a cash flow boost to help you grow your business post lockdown or to adapt your premises for customers.
Whatever your circumstances, there are a few funding options to choose from.
Examples of what you can use business funding for:
Hire new employees
Purchase more stock or inventory
Purchase new equipment (e.g. refrigeration equipment) machinery or vehicles
A refurbishment of your premises
A gap in funding
The days of having to rely on your high-street business bank for finance are long gone.
Alternative (or non-bank) lenders have been funding businesses of all shapes and sizes for years. In addition to this, the Recovery Loan Scheme (RLS), the newest iteration of government supported lending has recently gone live and will enable many more businesses to get the vital funding they need.
Here are a few examples of business finance types that could help you boost your venue’s cash flow as we continue to emerge from the lockdown.
1. Unsecured loans
Unsecured loans are available
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Noble Funding Review
by Successful IBO • • 0 Comments
Noble Funding caters to small businesses through invoice factoring and A/R credit lines and works to improve companies’ cash flow by providing advances specifically for small businesses with large outstanding invoices.
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Balboa Capital Review
by Successful IBO • • 0 Comments
Balboa Capital is an alternative lender that provides loans for small and midsize businesses. Small business owners can choose from several different types of loans, including standard small business loans, equipment leasing, commercial financing, vendor financing, franchise funding and business cash advances. For the majority of its loan products, Balboa caps its lending amount at $250,000.
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Accion Review
by Successful IBO • • 0 Comments
Accion is a small business microloan lender. The company provides two types of loans: one for established businesses and one for startups. Loan types, amounts and requirements vary by state. Each loan type is secured and features fixed interest rates.
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Truist Review
by Successful IBO • • 0 Comments
Truist is our best pick for SBA loans because it has years of experience extending SBA loans to small businesses. It is an SBA Preferred Lender and knows the ins and outs of applying and getting approved for an SBA loan.