What is Alternative Lending?
Many of our clients first come to us with little or no knowledge of the alternative lending industry. Most simply have a need for additional capital and have been turned down by traditional “big bank” lenders and are unaware of the many alternative lending options available on the market today. In fact, big bank lenders […]
Why Business Age Matters to Lenders
One of the many factors that a lender considers when evaluating the credit worthiness of a business is their track record. This means the longer the business age, the longer the track record. This can present a huge disadvantage for newer businesses and recent start-ups. In fact, according to the SBA, as a potential loan […]
What The Federal Interest Rate Change Means For Small Business
In addition to the decisions and strategies implemented by a small business, there are also external factors that impact the financial decisions of small business owners. One the more significant factors is the current interest rate and the actions of the U.S. Federal Reserve to determine interest rate change. The Federal Reserve chose not increase […]
What Are No Collateral Business Loans?
When you want to grow your business, obtaining a small business loan is a common approach for making it happen. However, there are a variety of loan types that can be considered, including “no collateral business loans.” No collateral business loans can be defined as loans that utilize a borrower’s promise to pay as security, […]
How To Calculate Business Loan Fees
If you’re starting a business or looking to grow your existing business, a small business loan may be a viable financial strategy. Keep in mind that when you repay a small business loan, however, you’ll end up paying more than the amount borrowed because of interest, amortization, and business loan fees. All small business loans […]
Business Loan Principal vs Interest: What’s The Difference?
Most small businesses are unable to make major purchases without taking out business loans. Understanding how the loan process works is important for business owners and others looking to take on a loan. This includes having a clear understanding of principal vs interest. Businesses must pay interest, which is simply a percentage of the amount […]
3 Core Business Loan Components
Most business owners looking for financing don’t have time to research and learn everything they may need to know about the process. The reality is that most small business owners are quite busy running and managing their business. Getting help on the essentials is a good idea, however, especially if this is your first foray […]
Business Strategy: The Commander’s Intent
A common frustration among small business owners is the lack of execution or implementation of their business strategy and objectives. In fact, they may have clearly articulated their vision for their business – their Big Hairy Audacious Goal – as James Collins and Jerry Porras put it in their 1994 book Built to Last: Successful […]
Using Cash Flow Analysis To Find Cash In Your Business
It is said that cash is the lifeblood of a business. That is never truer than when your business is growing. The faster the growth, the more cash you need. Even if growth for you is getting better rather than bigger, it still takes cash. Cash flow analysis is a vital component that is often […]
Optimizing Your Financial Management Resources
You know that running and building a business isn’t easy. There’s much that goes into the work of each day, details to take care of, and all the important strategic work, like planning for growth, improving your product or service, and achieving a competitive position in your market. The Value of Financial Management Systems […]