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When small businesses apply for traditional bank loans, they get turned down at record rates. Analysts claim that anywhere from 20 to 80 percent of small business applicants get rejected when looking for funding. To close the gap and access the funds they need, many small businesses are turning to alterative lenders. Thinking about applying for a loan from an … Read More
Aspects of Your Small Business Potential Lenders Will Examine
Getting your small business ready to apply for a loan requires a great amount of preparation. Here is some helpful information about fully preparing your business for the loan application process.
2016 Business Trend: Big Banks Follow Alternative Lenders’ Lead
Alternative lending options and banks are not rivals, and 2016 may prove to be a year of collaboration between the two financing options.
Keeping Lines of Communication Open with Your Capital Provider
Proactive, effective communication between lender and borrower can help build a strong relationship that weathers any storm.
Interest Rates Not Only Factor in Choosing Funding Options
Many small business owners rely on interest rates only to determine which funding option offers the best, most affordable terms. But price is not, and should not be your only determining factor.
Analyzing Financing Options for Your Small Business
Industry tips from field experts to analyze financing options for your small business.
A New Financing Option: Restaurant Crowdfunding
Crowdfunding as a form of financing for restaurants is certainly not a new concept. Many restaurants now offer food and beverage as a form of repayment on investment, which, if done correctly, can provide your restaurant with the necessary capital without giving up any equity.
Why Hasn’t Small Business Lending Evolved?
The time of the traditional bank loan has come and gone. Alternative small business lending resources provide business owners with easily accessible capital without drowning them in a mountain of paperwork and making them wait months for a loan decision.
Protecting Your Restaurant’s Network in the Age of Hackers
With retail computer network breaches becoming increasingly common and garnering more media attention, restaurant owners have a responsibility to keep their customers’ personal and financial information private. Preventive strategies can help keep your customers’ information safe and your business running. Here’s some advice you can use to help keep your restaurant’s network secure.
How the Small Business Life Cycle Affects Your Need for and Access to Capital
As your small business grows and matures, your need for—and access to—capital will evolve. Here are some capital considerations as your business moves through the small business life cycle.