Fundera

MAY 4, 2018

Loan stacking, which is when a borrower takes out multiple business loans from different lenders at the same time, is becoming increasingly common. Since the 2008 recession, banks have cut down on lending to small business owners. Risks of Loan Stacking for Small Business Owners.

Default 77

Default Credit and Collections Small Businesses Credit Scoring 77

Fundera

JANUARY 7, 2016

There’s a reason why the old phrase “you have to spend money to make money” is so prevalent—because access to capital is the lifeblood of any business, and small businesses in particular. Your EBITDA-to-assets ratio is low ( EBITDA = earnings before interest, taxes, depreciation and amortization).

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Fundera

JUNE 22, 2016

Just 10 years ago, the phrase “alternative lending” wouldn’t have meant too much to small business owners. But now, alternative lending is an important part of the business financing industry. Without alternative lending, there would be less business financing to go around. But what is alternative lending? That change?

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Fundera

JUNE 13, 2018

As you research small business loans , you might come across a few financing methods that you didn’t even know existed. Term loans are common in business financing. Te rm loans are a lump sum of cash that a lender deposits right into an approved borrower’s business bank account.

Credit Scoring 74

Credit Scoring Default Small Businesses Credit Unions 74

Fundera

NOVEMBER 29, 2019

A confession of judgment is a clause within a loan agreement that allows a lender, if the borrower has defaulted, to obtain a judgment against the borrower without following regular court procedures. When you obtain a small business loan , you will need to sign a loan agreement with the lender.

Default 63

Default Credit Scoring Small Businesses 63

Fundera

JANUARY 14, 2019

A confession of judgment is a clause within a loan agreement that allows a lender, if the borrower has defaulted, to obtain a judgment against the borrower without following regular court procedures. When you obtain a small business loan , you will need to sign a loan agreement with the lender.

Default 49

Default Credit Scoring Small Businesses 49

Fundera

NOVEMBER 2, 2018

When we’re talking about secured SBA loans in particular, the government will guarantee that the intermediary bank will recoup the majority of the loan in case the borrower defaults—up to 85%—which clearly mitigates the bank’s risk even more. Why not go to the financial institution that knows you best? Construction Financing.

Credit Scoring 45

Credit Scoring Default Small Businesses 45

Fundera

DECEMBER 28, 2019

That’s because banks don’t lend to many borrowers, especially since the 2008 financial crisis, so only the absolute most qualified borrowers with lots of existing experience in business, very strong credit, and a strong financial track record generally qualify. In fact, only about 27% of small businesses find funding from banks.

Credit Scoring 52

Credit Scoring Default Small Businesses 52

Fundera

AUGUST 1, 2018

Since 2008, the company has revolutionized how people travel and live. And nearly a quarter of leisure and business travelers now use Airbnb instead of traditional hotels. Stable, Predictable Business Model. Bankers like businesses that they can understand. Here’s more on each: 1.

Credit and Collections 111

Credit and Collections Small Businesses Deductions Default 111