pub financePub finance management is an important and crucial part in ensuring that the funds of your business are allocated wisely, used appropriately and raised aptly. Management as per definition is the organization and control of the affairs of a business or its sector. To put it in one word, it refers to “administration”.

We all know that funds, capital, money, cash, finances and whatever way you wish to call it is an integral part in making operations run, thus seeing to it that it is taken cared of correctly is important. To say that on its own would even be an understatement. Now, how do you manage your pub finance? Below are simple and useful hacks that might interest you.

  • File and organize all your files.

Ensure proper and accurate documentation. When it comes to finances, supporting documents will always be present from vouchers to receipts to invoices and many more. A paper or digital trail will always be present. You have to see to it that all of these are kept and filed systematically for ease of use and reference.

  • Create and maintain a record system.

Keep your records consistent and clear. Whether you choose to do it the manual and traditional way or through digital means, it is important to find one that suits you well. Once you do so, stick to it and improve along the way.

  • Put one expense on top of the other.

Allocate and prioritize expenditures well. In order to make the most out of your pub finance, prioritizing which expenses and ventures go first will create for a more allocation of your resources. This way they are used to the brim and are not wasted.

  • A calendar will be your next best friend.

Keep track of dates, schedules and deadlines. Financing may also be done through credit and with this comes the need for payment. See to it that you can keep track of them and do so on time if not earlier.

  • Have the best people work on it.

Find the right team to take care of pub finance management. To fully benefit from it you must hire the right professionals to take care of it. Find people with the right skills and expertise to handle financial transactions and manage funds and financial resources. Don’t get anyone below par.

hotel business loansIn the world of hotel entrepreneurship, capital plays a huge chunk to your success. After all, you can’t really build or let alone operate a business without having the resources to do so. When you want to expand, renovate or even open up a hotel, the very first thing that you would need is money. You will require assets to build your structure on. You need resources to purchase interior details, furniture and equipment. Simply put, you need the capital but truth be told, you don’t always have enough which is why business loans for hotels have come to existence.

A loan in its simplest definition is an amount borrowed and is deemed to be repaid on a future date agreed upon by the parties involved. They can either work for you or against you depending on how you go about in using them. To help you achieve the former here is a definitive guide to handling business loans for hotels.

  • Know your reasons and uses for the fund. – Before you acquire a loan, careful thought and consideration has to be given. In the first place you will have a reason for the need which will push you to consider the many options laid before you. One cannot simply pick on a whim. You have to weigh out your options first and one of the factors to guide that decision would be the purpose of the loan.
  • Make a study and set a value. – You cannot simply head to the bank or any other similar financial institution and tell them that you need to loan from them. You will have to apply first which will entail you to submit requirements and at the same time ask from you the amount you wish to borrow. You have to be able to answer that.
  • Talk to your financial advisers. – This is done not only to prepare your financial reports as a requirement in the application but also to best be able to decide about the loan. This isn’t playtime and it involves capital and resources. Talk to your professionals about it.
  • Determine if you can afford one. – There is a huge responsibility when taking on business loans for hotels. Remember that they are borrowed money hence you will have to repay them with interest. You need to determine if your company can indeed afford it, if it won’t hurt your credit rate and if you will indeed have enough resources to pull the repayment from.

Who doesn’t love food? We all do even if we may have different preferences. Think about it, the idea of your favorite food item is enough to get you craving. Is it burgers and fries, a giant cup of froyo, a platter of chicken wings, slices of pizza, a plate of Bolognese pasta, a slice of red velvet cake or a yummy cup of your favorite frappe? Because of this love affair and actual need for food, loads of food businesses have sprung up like mushrooms and we couldn’t be any happier both as consumers and entrepreneurs. Should you plan to set one up for your own or fund one that you already have then loans are a common thing to think about. But what benefits do small business loans for restaurants bring?

  1. small business loansADDED EQUITY AND CAPITAL – All businesses need financial resources but such is not always readily available or enough. Small business loans provide for the said shortage coming in with various types, terms, rates, uses and advantages.


  1. FLUIDITY IN OPERATIONS – With equity come fluidity in operations. Having ample resources will aid in ensuring that all processes and procedures go as they should be. Any forms of delay are never welcome when it comes to restaurants as your customers will not be happy with their hungry stomachs.


  1. BETTER AND UP TO DATE EQUIPMENT – Other loans are used to acquire necessary equipment or install any updates. Better assets are always a good thing. They aid in efficiency and better productivity. Besides, the food industry has certain requirements and restaurants need to comply with this. Getting better and modern equipment aid in this.


  1. STRENGHTENED VENDOR RELATIONSHIP – Having enough cash to pay one’s vendors and suppliers is a must. Payables are fine but there are cases that call for bulk and heavy purchases. Having ample resources to pay your vendors can help strengthen both parties’ relationship with one another and promote more future transactions.


  1. IMPROVED QUALITY – Small business loans for restaurants help improve quality in various ways. As mentioned earlier, they increase efficiency, productivity, effectivity and timeliness of operations, productions, procedures and the overall business in general with the help of added equity in times of need. Improved quality is beneficial in the sense that customers will flock, thereby rising sales and ultimately profits. Now, what entrepreneur does not want that?

The hotel industry is one of the booming parts of the business and tourism sector today. It cannot be denied that humans have a natural thirst for wanderlust and adventure. In fact in 2013 alone, it was recorded that over 3.1 billion passengers have flown all over the world. That would be an average of 8 million people per day. Such is even expected to grow. Tourism creates business and one of them pertains to hotels. This makes such business venture a very appealing one to most entrepreneurs but the capital required for one may necessitate the need of business loans for hotels. How do you get one and use it to your advantage then? Worry not. We’ve got you covered with the following tips.

hotel loansTIP # 1: Make careful study and analysis first. It is important to determine if you really need to get a loan, what type will you need, what your repayment scheme is and all that. In short you have to carefully study to better prepare.

TIP # 2: Know what your options are. Various schemes and options can work for you or the other way around. You have to get to know what these are and weigh them accordingly.

TIP # 3: Seek relevant expert advice. This is important to ensure that you make the right decisions and do not fall into the abyss of unending debts and piling interests. Talk to your financial adviser, consultant or designated key personnel.

TIP # 4: Determine how much you need. Do you already have part of the needed resources or will you need to loan for the full amount? How much will this be? You have to have a good estimate here because you do not want to go short or over.

TIP # 5: Be realistic about your capacity to pay. Loans are after all a liability so it is imperative to be fully aware of your ability to repay it later on. Will you have enough cash flows?

TIP # 6: Take a second look at your financial statements. This is because many financial institutions will take a look at them too as this is part in their approval process.

TIP # 7: Assess your credit history. How many times have you loaned in the past? How well did that too? Have you paid at the right time? How many liabilities do you have at the moment? Credit history will also be assessed like your financial statements.

TIP # 8: Know your fund providers. When getting small business loans for hotels, it is also necessary to assess the institution from whom you are getting your needed resources from. Are they reputable, trustworthy, transparent and will offer you quality services at affordable interest rates?

When it comes to business, funds or financial resources are a must. They are after all, the lifeblood of the company. Without them, processes are on a halt, employees will not stay and outputs are not produced. It is a sad fact however that money is not always readily available. This is very much true even for big and already established entities. Imagine how much more challenging it is for small and medium scale enterprises. One of the solutions to this is what we call the merchant cash advance.

True to its name, it works to provide financial resources to businesses in exchange for a percentage of the income earned in future daily credit or debit card sales. Companies can get advance their income even before they have actually been earned with a promise to give the provider or lending firm a percentage of their future sales. But is it really beneficial? Allow us to list down these advantages for you to see.

  1. merchant cash advanceIt does not involve any form of debt. – If you read its definition again, it talks about advancing funds in exchange for a share in future sales. It can therefore be deduced that it is a sale rather than a borrowing. There are therefore no debts incurred and no liability to worry about. You can kiss compound interest goodbye as well.
  2. There is no collateral needed. – Because it is not a loan, it does not involve any form of collateral so businesses do not have to worry about potentially losing any of their assets, both corporate owned and personal owned.
  3. It is fairly quick to acquire than traditional loans. – When it comes to business, time is always of great importance. The faster the fund is made available then the better. A merchant cash advance can only take a week or less after application to become available for use.
  4. There are lesser requirements too. – With regular loans, credit rating and history, financial statements and all that will have to be looked at and examined. A merchant cash advance will only require applicants to have a positive cash flow with a good level of monthly credit and debit card receipts.
  5. You only repay once you yourself gets paid. – Probably the best thing about the merchant cash advance is the fact that the amount of payment that you give will depend on your capacity to do so as seen in your sales. It is a percentage-based collection that aids businesses in ensuring that their operations are not compromised due to repayments.

restaurant business loansWhen it comes to the world of business and entrepreneurship, one trade that will never die would have to be the food industry. It’s pretty basic. We need energy and thus we need food. It’s basic instinct. Apart from that many food hubs today do not only offer to fill our stomachs but they also cater ambiance and entertainment. You’ll even see heaps of restaurants opening up and sprouting like mushrooms everywhere. This is true for majority of the countries around the globe. Would you want to open a restaurant for yourself and flaunt your culinary flair, business spark or even both? Or do you already have one up and running? If you answered yes to either question then you will most likely encounter business loans for restaurants. Allow us to share a couple of advice from 365 Business Finance.

ADVICE # 1: KNOW YOUR OPTIONS – If you really think about it and accompany this with ample research then you will come to discover that there are various funding options for your restaurant business. Each one comes with its own pros and cons that are greatly impacted by the client business’ needs, status and state of affairs. It is even advised that one talk to your advisers first as well as with the fund providers for a clearer picture of the services available to you.

ADVICE # 2: SHOP AROUND – It is best to shop around for the best interest rates there are. Different loan and fund providers have varying interest rates offered so it is best to consider different providers that offer similar services. More often than not, they vary in some way with the interest rates.

ADVICE # 3: CHECK CREDIT WORTHINESS – Your credit grade and history will impact whether or not it will be easy for you to get a loan and whether or not you will indeed be granted with one. Check your status!

ADVICE # 4: BE REALISTIC ABOUT YOUR EXPECTATIONS – This is in line with our third advice. By knowing your credit worthiness, you will best be able to align your expectations regarding the options that are viable for you, how much loan you will get and how long the application to approval process will be.

ADVICE # 5: CHECK YOUR BUSINESS AND FINANCIAL PLANS – Lastly, when getting business loans for restaurants it is crucial to check and make a double take are your business and financial plans. They are after all made to guide you not only operationally but also financially. How much resource do you actually have? Will they suffice? How much more do you need?