Alternative lending is a relatively new process where small businesses can get a loan through places other than banks. Similar to how you can get a loan for your home online this is available for businesses, the magic and efficiency of the internet is streamlining business lending. Banks have traditionally viewed small business loans
Read MoreDepending on what you need the money for, credit cards may provide an easier way to finance the startup or expansion of a business. If you need a lot of working capital for the business, you could do a cash advance but the interest is typically very high. We know that nobody goes into business
Read MoreRevolving and micro loan programs have been around for many years but they are seldom used by small businesses. These loans are provided by states, counties, cities, local economic development agencies and not-for-profits as an economic development tool to help communities prosper by providing financing for entrepreneurs who are not able to secure sufficient capital from
Read MoreWhen most people think of business loans, the Small Business Administration (SBA) is inevitably brought up. To clear up a common myth or misconception is that the SBA does not directly provide financing with the exception for their Disaster Loan. What the SBA does provide is provide a guarantee to the bank that if
Read MoreWhether starting or expanding a small business, entrepreneurs are likely going to need access to capital. While some can finance their business with personal funds or credit cards, oftentimes they need outside funds. There are a number of sources to get small business financing and conventional loans from banks are the most common source. Not
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