One of the reasons that (expensive) alternative loans like merchant cash advances became so popular was because banks dramatically reduced their small business lending after the great recession.
Unlike personal credit scores (FICO scores) that take years to build up, it typically only takes 3-6 months to build up your business credit score. It helps if you know who will be looking up your business scores because some parties (such as banks and credit unions) have access to more data than others.
Business credit reports/scores are not just used for obtaining business financing. Even if you think your business will never get outside financing, business credit reports/scores can still impact your business.
Equity Crowdfunding Is Set to Begin This Fall for Small Business Owners. Are You Ready to Snag $1 Million?
Unlike donation crowdfunding, all promotions and marketing for equity crowdfunding had to be done on the portals.
Uncertainty about the financial future dominates the lives of hundreds of millions of people: Where will I sleep? How will I feed my family? For many, just thinking about these worst-case scenarios can be paralyzing.
Whether your business is a restaurant, small manufacturer, sporting goods retailer or day care center, measurable advertising works the same. Here's the blueprint.
Franchising Is Safer for Lenders and Entrepreneurs When They Use the Right Tools to Make Better Choices
I financed several start-up restaurants when I was in the commercial mortgage banking business. All of the non-franchised restaurants failed within the first two years. So I studied the restaurant failures to better understand what it takes to underwrite them successfully.
If social media has accomplished one thing, its connecting people with talent, ideas, and stuff to sell with those that have the funds to send their way.
The law eases restrictions for small businesses to raise capital, most notably through the introduction of equity based crowdfunding, the process of aggregating small individual investments to meet a larger financial goal for a small business.
With small-business lending at banks at its lowest point in more than a decade and venture capitalists only willing to offer term sheets for billion-dollar market opportunities, we're seeing revenue-based finance make a strong comeback.
For venture capital, 2011 was a year of recovery. But even as the asset class climbs from its depths and ten-year average returns move into the black, investors continue to shun VCs.