PayPal has evolved into a key player in the e-commerce game and with its established online loan program available for small businesses, are its services ideal, convenient, and “small business- friendly?” Considering PayPal Working Capital currently offers its financial services for small businesses in the US, UK, Australia, Germany, Mexico and just recently, Canada (for…
Among all the paper work, meetings with your direct lender, and invested time to get approved for a commercial business loan, your business plan is perhaps the first and most important step in efforts to receive the funds your business requires. Short of having an MBA from Harvard Business School or being a natural-born financial-whiz,…
In the last 20-25 years, the internet has provided a plethora of lending options for borrowers of many types of businesses. While resorting to a direct lender for a short term business loan or other commercial loan, is still a viable option, marketplace lending has become more and more popular, providing a new means of…
There are several options for small business owners to resort to when funds are needed. Lines of credit, credit cards, short term business loans, bridge loans, even direct lenders and hard money loans are some of the most common. However, when these options are not available or you’re over extended, merchant cash advances are an…
Whether you want to apply for a small business loan or a short term business loan to pay for unexpected costs, much needed equipment repairs or you require funds for daily operations, it always takes weeks or even months to get approved. The old adage of “banks will only give you a loan when you…
Wildfires and earthquakes in the Southwest, hurricanes throughout the Gulf Coast, plus tornados or flash flooding in the Midwest can all potentially have devastating impacts on business owners every year. The U.S. Small Business Administration (SBA) offers what is called its Disaster Assistance Loan, a lending program that’s available in the event your business insurance…
Getting approval for a loan is an exciting venture for you and your business. Whether it’s a long or short-term business loan or one acquired from a direct lender, being approved means your business’s finances are strong and allows more opportunity to meet overall business objectives. Constantly meeting a monthly loan payment is just plain,…
A bad credit score is not good for any business. Not only is it difficult to get a loan from a lender, but it may become a challenge to conduct business with vendors or suppliers and more importantly grow your business to its full potential. If your business is marked with a bad credit report,…
Bridge financing is just one the types of loans available for home owners. As most people can’t afford two mortgages simultaneously, a bridge loan is a short-term loan from a lender that’s secured by your current home to provide the necessary funds to purchase or put a down payment on a new property. Once your…
The Biz2Credit Small Business Lending Index recently reported approval rates for small business loan applications hit a record high of 27.6% at big banks in June 2019 while approval percentages from regional and community banks increased to 50% for the first time this year. It’s always encouraging to hear positive news about higher approval loan…