This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
For most lenders, you’ll mostly just need to complete an application, have them check your creditscore, and show them a few months of business bank statements. All of this is pretty straightforward, but let’s talk real quick about creditscores: Business CreditScores. Personal CreditScores.
Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. CreditScores. Your creditscores are also influenced by your credit reports. The reason for this is that creditscores are calculated using information from your credit report.
According to the Wall Street Journal , the value of all outstanding small commercial loans (under $1 million) at federally-insured banks declined by 15% between 2007 and 2013. Enterprises that generate daily revenue are well-suited for this lending model, as most short-term loans are automatically repaid through daily ACH transactions.
If you default on your “loan” with a pawnbroker, your creditscore won’t report it—but technically, this is a form of alternative lending. Alternative lenders, on the other hand, accept entrepreneurs with shorter times in business, lower creditscores, less proven revenues and cash flow….
Fintech involves using blockchain, big data, cloud computing or artificial intelligence to complete financial transactions. Ways to Use FinTech for Real Estate Investing The share of direct commercial real estate investment in the housing sector has more than doubled since 2007.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content