Business Loan Blog
Resources for securing business loans
The financing world can be complicated. We are here to help you make sense of it all and stay on top of a rapidly changing industry.
4 Common Financial Mistakes Every Small Business Owner Should Avoid
Every entrepreneur and business owner will make a few financial mistakes during their journey. Those who aren’t savvy in accounting often overlook the need to brush up on their financial IQ. Truth is, these little financial errors can lead to some serious cash flow...
What You Need to Know Before You Borrow Money for Your Small Business Startup
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...
3 Reasons Alternative Small Business Lending Isn’t a Downgrade
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”...
An Appraisal Change May Spur Small Business Lending
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...
Why Dodd-Frank is a Huge a Problem for Small Businesses
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...
Merchant Cash Advance Loans are Getting Small Businesses in Hot Water
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...
The Difference Between a “PLP” SBA Lender & a “CLP” SBA Lender
Banks, savings and loan institutions, credit unions and other lenders work with the SBA to provide small businesses with loans structured under 7(a) guideline. Lenders are active participants in the loan application process since they are the first stop for potential...
Equipment Leasing and Finance Industry Confidence Reaches All-Time High
The Equipment Leasing & Finance Foundation (the Foundation) releases the January 2017 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing...
Most Small Business Owners are Optimistic About a Donald Trump Presidency
It is well-known that business hates uncertainty, and there are few things that have created more uncertainty than the prospect of a Donald Trump presidency. On January 20, we will see President-elect Donald Trump officially take office. Although there have been some...
SBA Changes the Names of Their 7(a) and 504 Loan Programs
Since the 1950s, the SBA has had two primary business loan programs, the 7(a) and the 504 loan program. However, at the most recent National Association of Government Guaranteed Lenders (NAGGL) conference, the SBA announced that effective November 1, 2016, the names...
Has Alternative Digital Finance Proven Its Worth?
Alternative digital financing models such as crowdfunding, peer-to-peer financing and invoice trading are no longer at the fringes of the financial sector. Increasingly, these and other newly established financing vehicles are rapidly becoming mainstream options for...
Big Banks Are Now Defending Dodd-Frank
President-elect Donald Trump hinted during his campaign that he may repeal or roll-back the Dodd-Frank Wall Street Reform and Consumer Protection Act. This helped boost financial stocks higher, even though it remains unclear what actions Trump will take once he...
What is Venture Capital?
Among the various financing options entrepreneurs can turn to when starting a new company is venture capital. Venture capital is money that is given to help build new startup firms that often are considered to have both high-growth and high-risk potential....
Angel Investing
Lately, angel investing in start-ups has been on the rise. You may have heard about some companies and businesses that have gotten a leg up from angel investors. There have been many high-profile success stories like Uber, WhatsApp, and Facebook which have spurred...
How Credit Affects Your Loan Approval
When you apply for a loan, lenders assess your credit risk based on a number of factors. Your credit score, as well as the information on your credit report, are key ingredients in determining whether you’ll be able to get financing and the rate you’ll pay. To get...
New Findings Highlight Disturbing Trend for Small Business
The National Federation of Independent Business (NFIB), an advocacy group that protects the rights of small businesses around the country, recently released two reports highlighting the deep and increasing concern of small business owners about government regulation....
When Your Loan is Assigned to Special Assets
In the banking world, a special assets department is setup to monitor and/or liquidate loans made to financially struggling or troubled companies. Banks send their troubled commercial loans to this department to handle the negotiation and management of the bank’s...
Merchant Cash Advances: Are They Worth The Risk?
Imagine you’re dreamed about opening your own business. Now you’ve found the perfect store front, you’ve found a great marketing company to create your brand, and sales are finally coming in. You are having success, and you are ready to take the next step. So you...
How a SBA Loan Can Energize Your Business
Small Business Administration loans are one of the best ways to finance your small business. They’re guaranteed by the federal agency, which allows lenders to offer them with flexible terms and low rates. And getting one can help you grow your business without taking...
Denver Commercial Real Estate Financing
There’s no better time than right now to invest in Denver commercial real estate. So what’s making the market grow so rapidly? There are many factors at work creating the perfect storm for a strong commercial real estate market. Denver Ranks No. 6 on Forbes list of...