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4 Types of Business Financing in the Philippines: What to Choose Besides Government Loans

Money is the lifeblood of a business and sometimes you don’t have enough capital to start up a business. Hence, business financing was raised as a funding option for business owners. There are several types of business financing available from government loans to bank loans. It is worth noting that each type of financing has its advantages and disadvantages.

With that being said, business owners must heavily manage cash flow to ensure a fast return on investment (ROI). Some of the expense items as you start out include:

  • Supplies and inventory while waiting to get paid
  • Payroll and rent
  • Equipment and fixtures
  • Buying the business

This list can be overwhelming, but fear not, because there are a variety of options and techniques that you can use in your search for financial assistance for your business.

Learn how to find, negotiate and maintain sources of funding to help you start and grow your business.

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What If I Failed to Apply an Online Loan and How to Find Quick Loans

With the pandemic, it can be challenging to find sources of income. It also seems to be much more challenging to borrow money. In many cases, we seek out help from family or friends, but despite good intentions, this can often lead to uncomfortable situations. As a result, quick loans are becoming increasingly popular among people.

Read more to learn about tips on how to apply for online, quick loans.

Decide how much to borrow

You have to keep in mind that when you borrow money, you also have to pay for the interest. Ensure that you can afford the payments on the amount you do borrow.

Think through and check if borrowing is necessary. Are you borrowing for the education of your children or simply to avail the latest phone? Overextending yourself financially is the worst thing you can do if it would have been better to wait for your finances to improve. 

Check your local banks

Looking up the local banks online is the easiest way for you to land online loans. Once you have familiarized yourself with the existing local banks, view their website and the types of loans they are offering. You must also consider other factors, including the interest rate, repayment terms, collateral and guarantor requirements, approval time, and income requirements. Furthermore, read the terms and conditions for you to fully grasp the type of loan you are committing yourself to.

Prepare requirements

As you decide on the bank where you will apply for quick loans, you need to take into account the eligibility requirements. Aside from looking at the interest rate, you wouldn’t want to be hassled with getting various requirements especially if you immediately need the money.

Different types of loans have varying eligibility requirements. Hence, you must properly read all terms of the bank. There are some that will require you to go to the physical bank while for some, the whole process can be done virtually.
With online quick loans, borrowers have more options than ever before, thanks to the convenience and ease of online lending. Even if you have bad credit, these sites offer the easiest way to get a loan online.

By following the above-listed steps and doing your due diligence in researching, you will be able to find the right quick loans for you.

In the case that you are not eligible for any quick loans from your local banks or your application was denied, you may opt to check out these options:

Use collateral

Try to identify the reason why your loan application was denied and offer to pledge something of equal or greater value than the loan amount to help secure the loan. This might help for your quick loans to get approved. However, you have to remember that this is going to be a big loss on your end if you fail to return the borrowed money.

Family loans

If all else fails, you can bypass the traditional lending requirements by borrowing from your relatives. The best way to do this is by creating a loan agreement. Despite being related by blood, it’s best to see all terms on paper and not just through a verbal agreement. As mentioned above, the downside of this is that it can potentially ruin relationships in the event that you can’t repay the loan.

Grants and Scholarships

If the quick loans you are applying for are education-related, consider applying for grants and scholarships. Similarly, if you need funding for your business, check for grant programs in your local government.


Apart from the above-mentioned options, we’ve recommended in this guide, one of the best and most trusted available options for you to raise money for whatever you need is by using crowdfunding platforms.

Instead of applying for quick loans, you may create a project on any of the available crowdfunding websites. You just have to ensure that it provides support in your county. One of the available crowdfunding platforms that offer support to almost 200 countries is Airfunding.

A proof of how crowdfunding platforms work is the story of Mariz. Mariz created a project to raise funds for her Mama Leony’s hospital expenses. At the time of posting the project, Mama Leony was in the hospital for more than a month with a running bill of 2.3 million pesos. By the end of the project, their family was able to raise ₱76,990.50.

Start with Airfunding now! 

Other Articles

  1. What to do if your family need financial help
  2. How can I raise money: Best Crowdfunding site – Airfunding
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What to do if your family need financial help

With the tough times that we are in right now, many families are struggling financially. Prices of necessities spike up and many jobs were lost. There are even other families who fall into financial difficulties due to expensive medical bills. This can take a toll on both the mental and emotional health of your family members.

However, it is a given fact of life that people typically turn to their loved ones and family members for support during times of adversity. Sometimes there are instances that well-meaning family members who wish to provide financial help also find themselves needing help in the end.

Check out these options to help your family members in financial trouble without hurting yourself in the process.

1. Use government assistance programs

The COVID-19 pandemic pushed government assistance programs to full tilt as many people who never needed them before did so now. The available government assistance programs usually have parameters and requirements. You may extend financial help by doing the research for them in your local government unit or via the website of different departments in your country.

By doing this, you have indirectly led them to a source of financial help. You may further help them by assisting them in acquiring requirements. The only disadvantage to this is the possibility of disqualification since different programs cater to different needs and the delay to the financial help with the long queue and waiting lists.

2. Borrow from an acquaintance

Another way to extend financial help is by using your network. If you know some friends or acquaintances who can lend, then you can refer your family to them. Simply create terms with your acquaintance. Clarify the following details:

The amount of the loan: The amount of money that will be borrowed

Payment terms: Whether there will be an interest or not and how is it going to be calculated. Whether the loan will be a lump-sum payment or done on an installation basis.

Payment due dates: This should be agreed upon depending on the payment terms.

Recourse: Just in case, you fail to return the borrowed amount, the legal action or interest charges must be defined.

The downside to this is the pressure of paying off in an instant since you do not want to cause inconvenience to the lender.

3. Borrow from consumer finance

If ever that you don’t want to personally find someone to lend you money, you may also opt to borrow from consumer finance. Common consumer loans are home mortgages, auto loans, credit cards, personal loans, student loans, home equity, and HELOC loans. You may choose whatever is appropriate to your situation.

If you have assets, you also have the option to apply for a secured loan. As the loan is backed by assets, the risk you might possibly face is reduced. For example, in the event that you are unable to pay the borrowed money, the lender would be able to take possession of collateralized assets and liquidate them to repay the outstanding amount.

If you don’t have assets, there are still consumer finances that allow unsecured loans. However, there is a shorter repayment period for this type of loan which may cause stress to you and your family.

4. Crowdfunding

If you want to save yourself from the burden and hassle of repaying, you may also choose to create a project or open campaigns on crowdfunding platforms.

Airfunding is one of the crowdfunding platforms available online.No qualifications are needed and all you have to do is to create a project in just five minutes. Only set your target amount and completion date, and then set an image and project title that best describes your situation.

You won’t have to worry about platform fees because there are no fees to open a project in Airfunding. A testament to how easy it is to get financial help in Airfunding is Maricel’s project residing in Pulilan, Bulacan, Philippines. Maricel is in need of financial help for the surgery of her craniopagus twins. She was able to collect $1,456 (₱74,334.33) after creating a project in Airfunding.

If you want to create a crowdfunding project , start with Airfunding now!

Other articles:

Read also:

  1. Airfunding site
  2. How to choose a crowdfunding platform
  3. Tips on how to start fundraising
  4. The success story of Bianca who used Airfunding
  5. The success story of Thuy who used Airfunding

5 Ways to Earn Money Online as a Student

Being a college student on a shoestring budget, unable to afford books, supplies, or other necessities, can be an excruciating experience. Fortunately, there are several ways for you to earn money. You have probably stumbled upon these ideas upon searching how to earn money online for students, but you are still in need of a nudge to actually go for it.

As a student, it is overwhelming to see job descriptions and requirements to fulfill before actually earning. However, this shouldn’t stop you from trying because you will reap the rewards of the time and effort that you’re going to invest.

Read more about how to earn money online for students:

Become a tutor

If you’re good in a particular subject and enjoy teaching, then you may offer tutoring services at your school or even outside your school. Consider contacting local schools to see if tutoring is an option, or consider posting on Facebook groups. There are several parents who are ready to spend for their kids who need a little extra academic aid to keep them on track.

Another tutoring option for you if you are well-versed in the English language is to apply as an English as Second Language tutor online. There are several job openings with flexible time schedules which allows you to balance your time while studying. 

Write articles

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Consider blogging to earn money if you’re online a lot and enjoy writing. This will require a lot of effort from your end at the start, but if you can come up with an approach that attracts readers then you can make money through Google Adsense and Amazon Associates’ affiliate program.

Another way to earn by writing articles is looking at Reddit, forums, and other job posting websites where people ask for favors to ghostwrite articles on their behalf. This is a fun way to expand your niche and skills.

Sell stuff

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Do some general cleaning inside your house and try selling clothes that no longer fit you or books that you’ve already read. Aside from saving space in your house, you also earn some bucks at the side.

Another way to do this is by finding a supplier of a specific trending product and resell it in your place. 

Transcribe audios

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There are several transcription jobs that accept students with no experience. If you can type fast, then this is the perfect gig for you. Many industries are looking for people to transcribe audio into text and it doesn’t require that much skill from your end. You just have to listen well and meet the deadline. 

Create a YouTube Channel

You’ll have to be dedicated to making YouTube as an income stream because you have to hit 1,000 subscribers and 4,000 watch hours before applying for monetization. This won’t be a problem for you if video production and content creation is your passion.

You may also use your channel to work with brands as their influencer or affiliate. You just have to negotiate with them on your rates in exchange for content on your channel. Some brands or websites require minimal effort.Just by mentioning them in your video or simply adding links in your video descriptions, they will offer you money or a product in exchange. 


Another option for you is to raise funds through crowdfunding platforms. The above-listed ideas take time to raise money. So, if you are really in need of immediate funds, crowdfunding may be the best option for you. You are basically relying on the help of family, friends, academics and strangers to donate towards a cause which is your completion of degree.

You just have to sign up on an online crowdfunding page like Airfunding and promote it to the public. Hopefully, you’ll be able to reach your financial goal with your crowdfunding project while you try out other ways to contribute in some way towards your target money.

If you wish to start a fundraisers for nonprofits with no frills, then create a project by clicking here.

fundraising run

Where can I post fundraisers for nonprofits

There are several charity fundraising options available online. In fact, according to the research group Nonprofit Research Collaborative, around 82% of nonprofits host fundraising events in order to raise awareness for causes and secure funds. 

To give you an idea on how to raise funds, we have listed different fundraising activities which you can organize.

Fundraising Ideas

A-thon and fun run events

Over the years, a-thon events for a cause have become popular as a form of charity fundraising. It is the go-to option of fundraisers because individuals feel their involvement with the cause since they are physically present.

Walk-athon, hike-a-thon, fun runs,and walks are good options especially if you have minimal budgets. However, the returns for your investment in organizing such events is highly dependent on your promotions. Smaller organizations may find it tough to deliver high return compared to bigger ones.


Auction is another option for fundraisers for nonprofits. It is not an upfront, hard push for raising funds, but a subtle way of incorporating it into another event. For this activity, you may organize a meet and greet for members of the nonprofit organization and allot a portion of the program to the auction.

This activity will attract more potential donors because they get to appreciate more lending their money since they have something to take home with them. It’s going to feel like spending more than donating. More than the value for money, bonds and ties within your organization will be stronger.

One of the most effective ways to bolster the scope of your event, attract more potential donors, and get supporters to spend more money at an event is by incorporating a live or silent auction. An auction fundraising event not only gives your guests a reason to open their wallets, it also gives them something to do while socializing. It also gives your employees something to talk to your guests about during the meet and greets.

Discussing items to be auctioned off gives you an easy tie-in to the fundraising component of the event without having to ask for a direct donation in person.

Auctions yield high returns on investment for midsize organizations and are easier to plan. For small organizations the return on investment is relatively good but requires more planning. For larger organizations planning auctions are difficult to plan with little return on investment.

Art Exhibit

Somehow similar to the nature of an auction, a charity art exhibit is an opportunity for members to take part in the cause by creating an output. You might be wondering where the fundraising comes in with this idea. It is pretty easy because you just have to tap a pool of local artists who want to showcase their work for a small entry free. You may opt to invite a professional artist to judge their work.

Since this is a contest, you will have to provide prizes for the winners. Since you are doing charity fundraising, it’s best to partner with other organizations and companies for sponsorships for the prizes for winners. You may also sell the work of the artists if they are interested and share a percentage of their sale to the organization. 

However, not all people are appreciative of art, so it can be challenging to find the niche people for this activity.

Crafting your plan

Fundraisers for non profits require rigorous planning. These events may generate revenue, but will really require manpower, financial preparations, and time. Hence, it’s best to do an initial research and survey if your selected charity fundraising activity will be feasible to conduct.

Apart from these ideas, you may also opt to set-up via crowdfunding which requires minimal effort from your end. This may serve as your main fund source or a passive additional pooling of funds.

Airfunding is one of the existing crowdfunding platforms online which has a proven track record of helping nonprofit organizations. 

Take MedEnforceKZ’s project as an example. They aimed to raise funds through various fundraisers, organized academic courses, and online workshops and seminars in order to buy medical supplies and resources for hospitals in Kazakhstan. They used Airfunding as one of their ways to raise funds alongside other initiatives. Their goal was to raise $250, but support came flooding in and they were able to claim $660.

If you wish to start a fundraisers for nonprofits with no frills, then create a project by clicking here.