Topic: Financing and Loans
Part 1: When to take out a loan
Loans can be a huge help for growing businesses. They can help you serve more customers faster, negotiate better terms with your suppliers, and generally make managing cash flows a lot easier—but how do you know when your business is ready for a loan?
Vocabulary:
gauge: (v.) estimate or determine the amount/level of something
revolving credit line: (n.) a flexible loan allowing businesses to borrow, repay, and borrow again up to a set limit
buffer: (n.) something that helps protect from harm
collateral: (n.) something used as a guarantee that someone will repay a loan
asset: (n.) a resource owned or controlled by a business (EG property, stock, etc.)
weigh: (v.) to carefully consider something.
Part2: Video
Vocabulary:
in a bind: (idiom) in a difficult situation
run the numbers: (idiom) calculate something or analyse data
bout: (n.) a period of illness / moratorium: (n.) a temporary prohibition of an activity
eviction: (n.) the act of expelling someone from a property
aggravate: (v.) to annoy someone
lacklustre: (adj.) not very good or exciting
overdraft: (n.) when you spend more money than you have in your account, borrowing from the bank
roll over: (v.) extend a financial arrangement
predatory: (adj.) seeking to exploit others.