Posts Tagged ‘Alternative Financing’
The 411 on Online Lenders
Online business loans are a quick and relatively easy way to get funds. However, there are often risks, too, including very high interest rates and unrealistic repayment schedules that can affect business financial health. A small business owner is left to wonder how to choose an online lender on top of all their other responsibilities.…
Read More8 Small Business Funding Options That Solve a Cash Flow Crisis
If small business owners had it their way, they’d never have to worry about money. Their bank accounts would always give them the financial flexibility necessary to pursue any and all opportunities for growth. Unfortunately, it’s not that simple. According to a recent study, more than 60% of small business owners worry about their cash flow…
Read MoreHow Your Small Business Can Overcome Its Debts
Starting a small business isn’t easy—or cheap. Even the most well-organized and generously funded business can quickly run into cash flow problems, so it’s hardly surprising that many small companies experience debt problems, particularly during phases of growth. So if you find yourself facing a mountain of debt, what can you do? Try cutting your…
Read MoreWhat You Need to Know About Invoice Financing
Banks have been in business for a long time and they have only gotten more powerful as they continue to consolidate their hold on the nation’s wealth. Even after the 2008 financial crisis, Forbes reported that 5 major banks held almost half of the U.S. banking industry’s financial assets—up 400% from the early 90s. The point: Banks are…
Read MoreOnline Lending is Breathing New Life into Small Business
For a long time, small business owners in need of financing had just one option. They would put on their best business clothes, practice their best smile and handshake, and head off to the bank, hoping to convince an uncooperative bank manager to lend them money. The process of small business financing eventually became so…
Read MoreIs Accounts Receivable Financing Right for Your Business?
Accounts receivable factoring has worked for many small businesses in obtaining their ultimate success. It is a flexible form of short-term, service-based commercial financing. Invoice factoring is when a trading business sells its accounts receivables amount to an invoice discounter firm. It is a form of credit securitization, so choosing the finest accounts receivable factoring…
Read More5 Ways Alternative Finance Can Help Your Online Business
Running an online business without a physical shop can be challenging. Whether it’s keeping up to date with changing terms and conditions or dealing with that difficult customer, there’s always something to keep you occupied. So worrying about business finance is the last thing you need. Sadly, banks are often part of the problem rather…
Read MoreWhere to Go When the Bank Says No
A recent study by the Federal Reserve Bank of New York found 90 percent of small businesses have had their loan request rejected by their bank in the past year. It’s an extraordinary—and alarming—number given the role small businesses play in the national economy. Access to capital is a challenge for most small business owners.…
Read More6 Ways Alternate Lending is Quicker Than a Bank Loan
What’s the difference between a bank and an alternative lender? One of the most significant is the different requirements banks place on small businesses before offering business finance. Here are just six of the things your bank is likely to require, whereas an alternative lender won’t: 1. A detailed business plan. Most banks will want…
Read MoreWhat’s New in Small Business Lending?
