5 Key Factors to Consider When Choosing an Online Lender
In today’s digital age, online lenders have become a popular choice for borrowers seeking quick and convenient access to funds. Whether you need a personal loan, business financing, or a mortgage, selecting the right online lender is crucial to ensure a smooth
The Rise of Online Lenders: Revolutionizing the Financial Landscape for Small Businesses
In recent years, the financial landscape has undergone a remarkable transformation with the rapid rise of online lenders for small businesses and individuals. According to a recent article in Forbes, 23% of small businesses needing funds opted for an online lender in 2021, up from 20% in 2020 and likely to continue to rise.
How Tightened Lending Standards Affect Small Business Loans
According to the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey (SLOOS) released last month, more lenders have stiffened their standards in the wake of increasing turmoil within the banking sector. The survey report states
Need Funding for Your Small Business? You’re Not Alone!
According to small business statistics provided by Zippia.com, at least 70% of small businesses in the U.S. have outstanding debt. More and more businesses look for non-bank lenders such as merchant cash advances…
Impact of Interest Rates and Small Business Loans
The Federal Reserve, commonly referred to as the Fed, has a significant impact on the U.S. economy, particularly when it comes to interest rates. Interest rates refer to the cost of
Small Business Facts about Texas
Small businesses are the backbone of the Texas economy, and they play a vital role in creating jobs, driving innovation, and promoting economic growth. According to the latest statistics,
Are Customers Finding Your Business Online?
Marketing a small business online can seem daunting, especially if you’re not familiar with the digital marketing landscape. However, with the right strategy
Unexpected Expenses You Can Count On
Unexpected expenses are a part of doing business, and for small business owners, they can be especially challenging to manage. Whether it’s a sudden drop
Banking in Today’s Uncertain Times
You work hard for your money and the last thing you need to worry about is whether or not your money is safe at the bank. But with the recent collapse of Silicon Valley Bank, followed by Signature Bank, many small business owners find themselves concerned. According to Forbes, there have been 565 bank closures […]
Revenue Based Financing 101: What You Need to Know about Repaying Your Cash Funding
Revenue based financing is a popular form of alternative business financing that provides quick and easy access to capital for small businesses that have difficulty obtaining traditional loans. The way it works is that in exchange for upfront cash, the business owner agrees to sell a percentage of future sales. Benefits of Revenue Based Financing […]