Why Traditional Banks are No Longer Lending to Small Businesses

Why Traditional Banks are No Longer Lending to Small Businesses

Remember the days when you’d need funding to start or grow your business, and you’d get in your car and head down to the bank on the corner? You knew your banker personally, perhaps even had kids in the same class at school, or would often see them at your favorite local restaurant. This personal […]

9 Regulatory Changes That Could Affect Your Business This Year

9 Regulatory Changes That Could Affect Your Business This Year

With another year, comes another set of laws and regulatory issues that businesses need to be aware of. In 2016, many issues affecting the regulatory landscape revolve around employee pay. Changes to overtime rules and paid sick leave, as well as increased minimum wages are all issues businesses need to stay on top of this […]

How Alternative Lending Has Helped The US Economy And How It Works

How Alternative Lending Has Helped The US Economy And How It Works

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 States each year, making them an integral part of our economy. Despite this importance, many small businesses continue to have a […]

What is Alternative Lending?

What is Alternative Lending?

Many of our clients first come to us with little or no knowledge of the alternative lending industry. Most simply have a need for additional capital and have been turned down by traditional “big bank” lenders and are unaware of the many alternative lending options available on the market today. In fact, big bank lenders […]

Why the Age of Your Business Matters to Lenders

Why Business Age Matters to Lenders

One of the many factors that a lender considers when evaluating the credit worthiness of a business is their track record. This means the longer the business age, the longer the track record. This can present a huge disadvantage for newer businesses and recent start-ups. In fact, according to the SBA, as a potential loan […]

What The Federal Interest Rate Change Means For Small Business

What The Federal Interest Rate Change Means For Small Business

In addition to the decisions and strategies implemented by a small business, there are also external factors that impact the financial decisions of small business owners. One the more significant factors is the current interest rate and the actions of the U.S. Federal Reserve to determine interest rate change. The Federal Reserve chose not increase […]

What Are No Collateral Business Loans?

What Are No Collateral Business Loans?

When you want to grow your business, obtaining a small business loan is a common approach for making it happen. However, there are a variety of loan types that can be considered, including “no collateral business loans.” No collateral business loans can be defined as loans that utilize a borrower’s promise to pay as security, […]

How To Calculate Business Loan Fees

How To Calculate Business Loan Fees

If you’re starting a business or looking to grow your existing business, a small business loan may be a viable financial strategy. Keep in mind that when you repay a small business loan, however, you’ll end up paying more than the amount borrowed because of interest, amortization, and business loan fees. All small business loans […]

Business Loan Principal vs Interest: What's The Difference?

Business Loan Principal vs Interest: What’s The Difference?

Most small businesses are unable to make major purchases without taking out business loans. Understanding how the loan process works is important for business owners and others looking to take on a loan. This includes having a clear understanding of principal vs interest. Businesses must pay interest, which is simply a percentage of the amount […]

3 Core Business Loan Components

3 Core Business Loan Components

Most business owners looking for financing don’t have time to research and learn everything they may need to know about the process. The reality is that most small business owners are quite busy running and managing their business. Getting help on the essentials is a good idea, however, especially if this is your first foray […]