Top Features to Look for in Lending Software Solutions

Loan Application on laptop

The lending market is dumping the traditional processes of loan documentation, approval, disbursement, and collection.  Lenders are rapidly innovating with modern lending software solutions. The new trend is cloud-based loan software technology. This tool helps loan service providers: Get real-time customer data analytics Avoid non-compliance issues Automate loan processes Reduce errors and risks Secure customer…

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Determining the Appropriate Borrowing Amount for Your Business

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Ensuring your business has the capital it needs to grow and succeed is a key component of success. It can be challenging to know exactly how much you should borrow to achieve this goal. However, with careful consideration, research, and analysis, you can determine the amount that best suits your business funding needs. Here are…

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4 Creative Ways To Finance Your Small Business When Revenue Is Low

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In a perfect world, small businesses would have an endless stream of revenue coming in and there  wouldn’t be need to worry about financing. However, we all know that’s not the case.https://www.pexels.com/photo/exited-ethnic-waitress-working-with-cash-desk-in-cozy-cafeteria-4473496/ Sometimes businesses have to get creative when it comes to financing, especially when revenue is low. This blog post will discuss four creative…

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Here’s When To Consider a Same-Day Business Loan

Same-day business loans are exactly what they sound like. They provide quick funding to business owners who need money now. While swift, same-day business loans do have some drawbacks. Interest rates are generally higher, and repayment terms tend to be shorter. That could be a costly combination for some business owners. Here’s what you need…

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Will a Debt Management Plan Affect Ability to Get Loans?

A debt management plan is a debt relief option for people who are struggling to repay their debt. It involves working with a credit counseling agency to create a budget and make payments to your creditors. Debt management plans can help you get out of debt within 5 years. An alternative to a debt management…

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How To Make Sure You Can Pay Back a Business Loan

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Applying for a business loan in some circumstances becomes unavoidable when you run a small business. Especially in the infancy stage of your business, you need excess funds which you might not have. According to 2020 statistics, about 43% of small businesses applied for a loan. This figure depicts how you should never be hesitant…

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What is A Bill Consolidation Loan?

stressing about debt

Finding yourself in debt is a stressful position to be in, and you might notice yourself becoming concerned over how or if you’ll pay off your outstanding bills. Thankfully, while getting out of debt can be difficult, it’s definitely possible, and there are a number of methods to help you get on top of your…

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