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 … Continue reading
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” does … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 business conditions and expectations … Continue reading
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 … Continue reading
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 small business owners looking … Continue reading
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 … Continue reading