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“You should have read your contract” are words that a business owner only hears once they realize that the service they paid for, the asset they purchased, or the financing they secured isn’t quite what they though it was. It’s a sentence no one wants to hear, and in the case of capital advance providers like Wellen, a sentence no … Read More
National Cybersecurity Awareness Month: Is Your Business Secure?
How Can Small Business Owners Keep Their Finances More Secure October is National Cyber Security Awareness Month. Cyberattacks are expected to double by 2025, yet 60% of businesses have no cybersecurity policy in place. Cyber Security is a major concern for small businesses in particular, as they often have limited budgets and personnel. This leaves them more vulnerable to attacks. … Read More
Business Bank Statements: Why They Are Important For Capital Advance Approval
When you apply for a business capital advance, there are a few items you must provide in order to get approved. One of the most important is your business bank statements. This way, your capital advance company can better understand the viability of your business and how you manage your company’s finances. Viewing your revenue and expenses will also help … Read More
Getting An Advance With Bad Credit
Can You Get a Capital Advance with Bad Credit? It’s no secret that people with low credit scores have a difficult time securing financial assistance. Low credit scores mean that traditional financial institutions are reluctant to extend a loan – or if they do, it’s at a very high rate. For this reason, an alternative form of financing like a … Read More
Grants, Loans and Advances: Knowing the Difference and What is Right for You
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
Protecting Your Restaurant’s Network in the Age of Hackers
With retail computer network breaches becoming increasingly common and garnering more media attention, restaurant owners have a responsibility to keep their customers’ personal and financial information private. Preventive strategies can help keep your customers’ information safe and your business running. Here’s some advice you can use to help keep your restaurant’s network secure.
Do you know who your small business funding company is?
The market for providing capital solutions to small business is dynamic and crowded. For every new company eager to launch is a lender at the ready to provide financial back-up. And as a result of the rise in demand, funding companies and brokers are advertising and promoting their brands through every possible channel. They’re looking to drive customers to their … Read More
How to Apply for a Small Business Loan Alternative
When small businesses apply for traditional bank loans, they get turned down at record rates. Analysts claim that anywhere from 20 to 80 percent of small business applicants get rejected when looking for funding. To close the gap and access the funds they need, many small businesses are turning to alterative lenders. Thinking about applying for a loan from an … Read More
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.
2016 Business Trend: Big Banks Follow Alternative Lenders’ Lead
Alternative lending options and banks are not rivals, and 2016 may prove to be a year of collaboration between the two financing options.