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Navigating the Hazards: The Pitfalls of Opening a Small Business
Photo Courtesy: BBuilder/Getty Images Launching a small business is an exciting venture filled with dreams of success and independence. However, it’s essential to recognize that
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