Archive for Small Business Financing
The New Rules of Getting a Business Loan
Posted by: | CommentsGetting a business loan in today’s economic climate is a bit like preparing to climb Mt. Whitney. Before you start, are you in good physical (and fiscal) shape? Have you thought of everything you’ll need to make your journey problem-free, as in no surprises and no hidden credit traps?
FICO Inc. recently reported that in April
Are Microfinance Lenders Right for You?
Posted by: | CommentsWith more and more small businesses being turned down for financing by traditional lenders, microfinance lenders, or microlenders, are stepping in to bridge the gap.
Microlenders are community-based nonprofit lenders, customarily created to help underdeveloped, underserved, or economically challenged communities. They are also more likely than typical banks to lend to less experienced entrepreneurs or startups.