With another bank joining established online lenders like OnDeck and Kabbage, business owners may again question whether a digital lender is the right solution for their financing needs. While there isn’t a one-size-fits-all answer to this question, considering the benefits and costs of using a digital lender will help you decide what is best for your company
In case you haven’t heard, the Federal Reserve raised the national interest rates this past month. This might seem like the end of the world, but we\’re here to assure you, it’s not. The fed routinely raises or lowers interest rates depending on the health of the economy. However, it is important to understand what that means for your loans and your repayment plans.
The Small Business Association can be an invaluable resource for your business. Dedicated to finding capital and other resources for planning and management, the SBA facilitates small business loans, provides grants from research, and provides disaster assistance. However, like any system, it is important to know exactly how they operate in order to get the most out of work or collaborations with them to better improve your business.
At some point in the growth cycle of most businesses, they need access to funds for payroll, capital investment, stock on hand, expansion or rebranding.
Entrepreneurs considering investing in a franchise have a responsibility to due diligence. To minimize risk and maximize your opportunity for success there are some key questions you should answer before moving forward.
Recently the Federal Reserve completed a survey of loan officers from 72 of the US largest banks. The results showed that many banks have recently loosened their standards for lending approval. This can have a direct impact on how your business’ loans are processed and approved as you seek capital.
Refinancing, when done correctly, can significantly boost your business. It can save you money, allow you to repay your loan more quickly, give you access to additional cash, or even free up your assets for other use.
Most business owners will seek a capital loan at some point in their careers. Luckily, we live in a world where there are a variety of lending opportunities readily available. Traditional banks, alternative lenders, and digital lenders have all become go-to sources for capital.
Buying into a franchised business is one of the easiest ways to enter the world of business ownership. Much of the groundwork has already been laid, with the necessary work of determining branding, services, and marketing already completed for you. However, franchising can also be an expensive endeavor. This is where franchise financing can help ease the process get your doors open quickly.