These days, there is a lot of financial help available for small businesses. As a business owner, you always want to have choices, but it can be confusing: how do you know which option is right for your business? Here is a simple breakdown of the financial help available and why a capital advance may be the best option for … Read More
Why Communication with your Funding Provider is Important
Good communication between two parties is always important, especially when dealing with sensitive topics—like money. It is important for both parties to be on the same page and in sync with each other to avoid any miscommunication. Business Owners that used to borrow from banks increasingly turn to alternative capital providers to fund their business dreams. These non-traditional providers allow … Read More
How to Protect Your Business When Small Business Loan Payments are a Challenge.
Working capital is the lifeblood of small businesses. As the credit gap remains a reality for SMBs in America, the market for capital is still robust. Business owners are increasingly active in evaluating various capital products from advances to invoice factoring to loans. But sometimes taking on new capital comes with unexpected challenges. What happens if your business has trouble … Read More
Your Guide to the Small Business Lending Index and Its Largest Year-Over-Year Downturn since 2009
The Small Business Lending Index released by Thomson Reuters and PayNet showed a noteworthy downturn in April of this year.
Aspects of Your Small Business Potential Lenders Will Examine
Getting your small business ready to apply for a loan requires a great amount of preparation. Here is some helpful information about fully preparing your business for the loan application process.
Keeping Lines of Communication Open with Your Capital Provider
Proactive, effective communication between lender and borrower can help build a strong relationship that weathers any storm.
Interest Rates Not Only Factor in Choosing Funding Options
Many small business owners rely on interest rates only to determine which funding option offers the best, most affordable terms. But price is not, and should not be your only determining factor.
Why Hasn’t Small Business Lending Evolved?
The time of the traditional bank loan has come and gone. Alternative small business lending resources provide business owners with easily accessible capital without drowning them in a mountain of paperwork and making them wait months for a loan decision.
Wells Fargo Plans $100 Billion in Small Business Lending by 2015
Traditional banks and regulations have made it challenging for small businesses to secure loans since the beginning of the Great Recession. But that may be changing: As of May of 2014, Wells Fargo has agreed to lend $100 billion to small businesses by 2015.
There is No “One Size Fits All” Approach to Small Business Financing
There is no such thing as an “one size fits all” approach to small business finance, although standard loan applications may try to dictate otherwise. What’s your strategy for getting money for your business?
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