Browsing Tag
alternative lending
12 posts
Here’s Why Alternative Lending Can Take Your Business to the Next Level
Running a business is hard work, and nothing is more challenging than trying to secure the funds needed to start a new business or keep things running smoothly. It has become increasingly difficult for entrepreneurs to get funding from traditional banks, because of the hoops that they make business owners jump through to qualify for...
The Best Loans for Franchises
Opening your own franchise is a smart decision if you're an ambitious entrepreneur. Being the owner of a franchise offers the flexibility to be your own boss, yet with the security of owning an already established brand. Like with any business, though, the costs of starting up can be pretty high and you might need...
Get Cash Fast: The Truth About Small Business Financing
The process of getting a traditional bank loan for your small business is frustrating. It’s nearly impossible to get a banker’s attention if you have questions. You are expected to fill out a long, complex application on your own, submit all of the supporting documentation that is required, and then wait. And wait. And wait....
How to Eliminate Your Startup’s Cash Crunch with Invoice Factoring
Entrepreneurs are the unspoken heroes of the American economy. These risk takers set out to change the landscape of an industry by doing what they love. Oftentimes they take out personal loans, tap into their retirement, or request second mortgages on their homes to start the endeavor they are so passionate about. This passion to...
Creative Funding Options for Startups and Entrepreneurs
Startups and small businesses are a vital part of the U.S. economy: they serve as an incubator for innovation, make a significant contribution to the national GDP, and provide opportunities for diverse groups of people. In fact, nearly half of the nation's private sector workforce is employed by small business and a 2015 SBA study...
How to Get a Small Business Loan Without Collateral
If you require a small business loan but your company doesn’t have any assets (whether property, land, stock or share options), you may need to give a personal guarantee, which can put your personal assets (including your home) on the line. It’s not an attractive proposition, to say the least. That’s not to say that...
My Startup Isn’t Growing, What Should I Do?
The recipe for small business growth is an imprecise one. Mix one advertising campaign and two new salespeople and let rise? Or is it one social media marketing campaign and three new customer service reps? It’s tough to decipher and is based on your startup’s unique structure. If you’re thinking, “My business isn’t growing, what...
The Quickest Ways to Fund Your Startup
With unprecedented competition in the lending market, now is a great time for small businesses to get quick business loans with excellent terms. Traditional banks have notoriously been cautious when lending to small businesses. After the financial crisis that began in 2008, the big banks pulled back from small business lending even more. To make up for...
How to Get a Loan for Your Small Business in 9 Steps
Applying for a small business loan can seem overwhelming. It’s hard to know where to begin, and the finish line can seem so far away. By following these nine simple steps, your dream of obtaining a small business loan is attainable. Plan, plan, plan! The first step in any new business is to work out a thorough...
4 Strategies to Get a Loan for Your Small Business
Obtaining a loan can be a challenge for many small business owners. Entrepreneurs don’t realize that even preparing to apply for a loan can take years of foundational work. Some others don’t know about alternative lending options that can help newly established businesses, or those with an immediate need to get the money they require....
7 Tips to Secure Financing for Your Small Business
Commercial lenders are conservative by nature. They want to know their money is secure. They need to be confident that the borrower will be able to repay the loan or that assets that can be liquidated in case of default. Securing financing for a startup is especially challenging, as it is inherently more risky than...
Financing: 4 Business Trends to Look for in 2017
If you have plans to launch a business of any size this year, one of the most important decisions you'll need to make is how you'll be financing your business. In 2016, we saw the rise of crowdfunding and other online lending options — business financing trends that we anticipate will continue into the next year....