The Financial Services industry has been transformed by the growth of e-commerce. The advent of the Internet and then the World Wide Web coupled with innovation in communication technologies has allowed faster data transfer over improved networks within and between businesses, their partners, and consumers.
The most suitable finance option for your business depends on many things, including:
- how much funding you need
- your current business revenue or if you’re a new business
- whether or not you’re willing to offer personal assets as security this can make it easier to get funding but is risky if you’re not able to maintain payments
- whether or not you own a business property – this can make it easier to get funding
- whether or not you’re willing to sell shares