Deciding to borrow money to launch your small business startup is a big decision. It’s the second biggest decision after deciding to start the business. Since it is a big decision, it requires much thought and research before taking the leap. There are multiple ways...
There is a common misconception that banks are the only safe way to finance small businesses. With their months long and paperwork intensive application processes, coupled with high rejection rates, bank loans can appear exclusive and alluring. However, “exclusive”...
It’s no surprise that since President Donald Trump took office, he has been keen on lowering restrictions on lending. His newest endeavor seeks to knock down government constraints on business loans. U.S. bank regulators have tentatively agreed to ease an appraisal...
Believe it or not, a few years ago community banks flourished, serving the needs of their communities by providing small businesses credit in amounts frequently lower than $1,000,000. Now fast forward to today and a blizzard of regulations and compliance mandates...
Government agencies, banks and consumer advocacy groups have been trying to find ways to clamp down on the predatory nature and proliferation of payday and title loan businesses. However, hiding in the shadows is another growing industry that is taking advantage of...
