Small Business Owners Find Alternative Solutions For Capital
A recent USA Today article featuring IOU Financial examined unconventional lending sources for small business. Even for healthy businesses, those with positive cash flow and strong financial history,...
View ArticleBridging the Gap Between Banks and Online Lenders
I recently participated on a panel with several bankers during the PayNet event in Chicago, so this article in American Banker about banks needing a strategy around small business lending was...
View ArticleWhy Small Businesses are Turning to Alternative Funding Sources
According to the Small Business Administration, more than half of Americans own or work for a small business. In fact, small businesses create about two out of every three new jobs in the United...
View ArticleSmall Business Owners: Know the Repayment Terms of your Loan
For small business owners, understanding repayment terms before applying for a loan is critical. For instance, most lenders offer pre-computed interest rates, which means they calculate the interest...
View ArticleThe Current State of True “Small Business” Lending
Last month, a subcommittee on Economic Growth, Tax, and Capital Access held a hearing titled, ”Where Are We Now? Examining the Post-Recession Small Business Lending Environment.” As I listened to...
View ArticleQuick Ways To Boost Your Business Credit
Most businesses require credit and loans to operate as efficiently as possible. This is especially true for small businesses, which frequently have insufficient working capital. To boost working...
View ArticleAsk An Expert: Kevin O’Leary Discusses Debt vs. Equity
Ever wonder when the right time is to sell equity in your company vs. using a loan to get you to the next level? Kevin O’Leary from ABC’s Shark Tank talks about the right time and place for each. And...
View ArticleAvoid Roadblocks to Your Success
Just about every business, big or small, needs financing. You have to remember that you can have profits without having much money in your bank account. If you run short of cash, it will negatively...
View ArticleWhat Businesses Benefit the Most From Lower Fuel Costs?
In reality, it’s hard to find many businesses that don’t benefit from lower fuel costs. The biggest losers are oil producers, who receive less revenue for their inventories. This also depresses...
View ArticleUnderstanding When Your Business Needs Funding
Just about every business, big or small, needs financing. You have to remember that you can have profits without having much money in your bank account. If you run short of cash, it will negatively...
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Imagination and Capital: Kevin O’Leary
When you are running a business there are a lot of things to do to stay ahead of your competition. Kevin O’Leary, from ABC’s hit show Shark Tank, is here to let you know that Imagination and Capital...
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5 Things Your Bank Won’t Tell You About Lending
We are not out to indict banks or bankers, but we do believe that many potential borrowers make unwarranted assumptions about banks that we’d like to clear up. The bottom line is that sometimes a bank...
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How to Reduce Small Business Debt
Your business can quickly spiral out of control if debt climbs to unsupportable levels. Sudden shocks are much harder to absorb if your cash flow is already tied up in debt service. The best remedy is...
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What You Should Be Looking for (or Looking Out for) in a Loan Offer
For most small businesses, the question isn’t whether you will need a loan, the question is when. The business cycle involves ebbs and flows of capital needed to pay bills, draw salary and buy...
View ArticleWhy Online Lending Could Benefit You More Than a Bank Loan
All businesses need money to stay in business. Sometimes a loan makes the most sense to get access to the necessary funds. Unfortunately, many owners of small businesses think first of banks as the...
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3 Reasons to Use a Corporate Credit Card Instead a Personal One
The mere mention of credit cards can send shivers down the spine of a business owner that already has one too many payments to make. Credit cards are often the source for start-up financing, but...
View ArticleHard Pull vs Soft Pull Credit Checks
For many an individual and business, access to credit depends on FICO scores and the contents of credit history reports maintained at the three major credit bureaus – Equifax, TransUnion and Experian....
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Why This Might be The Best Time to Take Out a Business Loan
Owners of small businesses – take notice! 2016 is shaping up to be the best year in the last eight to take out a business loan. Why? Our economy is in better shape now than at any point since the Great...
View ArticleThe Right and Wrong Times for Spending
Small companies must be very careful when it comes to spending, because they usually have finite resources. There are definitely good and bad times to expand your business, having to do with your own...
View ArticleThe 3 Key Factors That Determine Your Rate for a Business Loan
There is nothing unusual about a small business seeking to borrow money. The two biggest questions the owner must face are: How much will I be able to borrow? How much interest will I pay? The two...
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