Leasing Business Equipment - Basics

The Basics of Leasing Business Equipment

From computers and heavy machinery to complete offices, it is possible to lease almost anything for your business. Leasing business equipment can provide a lifeline for cash‐strapped businesses in need of the tools of the trade. The Basics How to get it: Equipment leasing is basically a business loan in which the lender buys and owns […]

How to Choose an Alternative Business Loan

How to Choose an Alternative Business Loan

If your small business is like most, you operate on a very tight budget and may need additional funds in order to take advantage of an opportunity that helps your business grow. If your business is a startup or doesn’t quite meet the bank’s requirements for a conventional loan, an alternative business loan may be […]

The Growing World of Alternative Small Business Lending

The Growing World of Alternative Small Business Lending

These days there’s nothing traditional about small business financing. You see, the credit crunch of 2008 created a lending gap: Traditional banks want to loan a half-million dollars or more, but most small businesses only need $250,000 or less. Traditional lenders rarely look twice at a small business any more, and when they do, only […]

Alternative Lending: When is it a Right Fit for You, and When is it Not?

Alternative Lending: When is it a Right Fit for You, and When is it Not?

You don’t have to walk into your local bank to a get a small-business loan these days. Alternative lending options are just a few computer keystrokes away. And they’re becoming more popular. Online lenders, which offer the most common forms of alternative lending, approved 71% of the loan applications they received from small-business borrowers last […]

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 […]