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Alternative Lending: Funding Circle vs. Lending Cl...
Alternative Lending: Funding Circle...
When dealing with large banks, getting the funds your business needs can be a long and ard...
When dealing with large banks, getting the funds your business needs can be a long and arduous proce...
When dealing with large banks, getting the funds your business needs can be a long and arduous process. Over the last se...
Small Business Lending: 3 Reasons Alternative Lend...
Small Business Lending: 3 Reasons A...
The small business lending landscape is changing. According to a 2014 report from Ernst &...
The small business lending landscape is changing. According to a 2014 report from Ernst & Young...
The small business lending landscape is changing. According to a 2014 report from Ernst & Young, "nearly one in fiv...
Secured Business Loans vs. Unsecured Business Loan...
Secured Business Loans vs. Unsecure...
What Is an Unsecured Business Loan? An unsecured business loan is based solely on an indi...
What Is an Unsecured Business Loan? An unsecured business loan is based solely on an individual's f...
What Is an Unsecured Business Loan? An unsecured business loan is based solely on an individual's financial integrity,...
All Posts
Alternative Lending: Funding Circle vs. Lending Club
When dealing with large banks, getting the funds your business needs can be a long and arduous process. Over the last several years, many alternative online lending companies have entered the scene to make the process of getting a loan easier and fas...
Small Business Lending: 3 Reasons Alternative Lenders Have Overtaken Banks
The small business lending landscape is changing. According to a 2014 report from Ernst & Young, "nearly one in five [small businesses] reports having changed its primary bank in the past year." The reason: access to capital; an increasing numbe...
Secured Business Loans vs. Unsecured Business Loans
What Is an Unsecured Business Loan? An unsecured business loan is based solely on an individual's financial integrity, business record, and character within the community. Based on these aspects, a lender may decide to provide a loan to an individua...
Who qualifies for a microloan?
Microloans were established and are funded by the U.S. Small Business Administration. The idea behind microloans is to provide a quick start up for smaller companies or for lower income individuals. The limit for a microloan is $50,000, but most loa...
What’s the difference between a merchant cash advance (MCA) and a term loan?
A Merchant Cash Advance, or MCA, is the agreement between a merchant and a lender to allow for smaller payments on an amount borrowed, rather than larger payments over a longer period of time. In this agreement, merchants essentially "sell" a percen...
What is the lowest credit score I can have to get a small business loan?
When you apply for a small business loan, lenders will often look at both your personal and business credit scores. Creditors usually accept a business credit score of 75 and above (based on 1 to 100) and a personal score of at least 640. As you'll...
What does a general lien on my assets mean?
More often than not, when someone borrowers money from a lender, the lender needs some kind of insurance that the money will be paid back. A general lien is insurance for a creditor, or lender, in the form of collateral. This lien is a signed agreem...
Do business lenders look at my personal credit score or my business’s credit score?
In almost all cases, business lenders will look at both your personal and business credit scores. This is done because both credit scores show your spending habits, both as an individual and as a business owner. Lenders are more likely to trust you a...
What are the 5 C's of Credit?
The five C's of credit include: Capital, Collateral, Capacity, Character, and Conditions. Capital Capital, in general terms, is one's wealth. This wealth is determined by an accumulation of one's assets, and these assets are things like investments,...
What's the Difference Between Business Collateral and a Personal Guarantee?
Collateral, in general, is a guarantee to a lender that if a borrower cannot pay their debts, the lender can appropriate pledged assets. Collateral tends to be physical items or assets. For example: a home, cash, property, etc. Collateral is a huge...
