Lendio

NOVEMBER 1, 2023

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. The 11 most popular types of small business loans The following information covers the common routes entrepreneurs take to get the capital they need.

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Lendio

JULY 6, 2023

As a small business owner, you have so many things to manage, and social media may be the last item on your list. Embracing these platforms may be just what your business needs to connect with crucial new customers. Start with the basics, pick the best platforms for your particular small business (more on that below!),

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CreditStrong for Business

JULY 11, 2024

It’d be helpful if you get it, but you’re probably wondering what credit score you need to get a small business loan. In this article, we’ll cover the different types of business loans and the credit expectations for each. SBA Loans The SBA offers some of the most diverse small business loans.

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Beyond Capital Blog

JULY 22, 2022

When you applied for a Small Business Administration (SBA) loan and signed on the dotted line, you had every intention of repaying your debt. Defaulting on SBA loans is more common than you think. The post Facing an SBA Loan Default? The post Facing an SBA Loan Default? You aren’t alone.

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Credibly

JULY 31, 2024

Table of Contents Small business loans vs. small business financing: What’s the difference? Securing a small business loan has probably crossed your mind. Small business loans vs. small business financing: What’s the difference? It doesn’t have to be so baffling.

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Lendio

APRIL 24, 2024

One key aspect that small business owners encounter when applying for Small Business Administration (SBA) loans is the SBA guarantee fee. In this guide, we’ll explain everything you need to know about it, including its implications, to help you make informed financial decisions for your business.

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Lendio

NOVEMBER 16, 2023

As a small business owner, you may have heard of the Small Business Administration (SBA) loans as a potential funding source for your business. These loans are backed by the SBA, providing lenders with a guarantee in case of default. Is collateral required for SBA loans? This is not the case.

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Credibly

OCTOBER 31, 2023

Table of Contents What happens if you default on a business loan? What happens if your business defaults on a loan? What’s the difference between default and delinquency? What you can do before your loan goes into default Does defaulting on a business loan affect my personal credit?

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Your Virtual Credit Manager

NOVEMBER 12, 2024

While the principals of credit are the same for businesses of every size, there is a lot more information on the big guys making it easier to see any red flags that suggest they are in trouble. Learn More About Credit Reports Please share this newsletter with your small business customers. Share Read more

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Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 1 Financial institutions are using small business loans as a source of growth and this trend will continue. .

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Due

JUNE 4, 2024

Small companies often have a family-like feel. Small businesses can offer a 401(k) plan or match contributions to spur savings. Some businesses turn to alternatives such as payroll deduction for IRA, where employees can allocate a certain amount of their check directly into their savings.

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Eagle Business Credit

MAY 9, 2024

Running a small business is a challenging endeavor, often fraught with hurdles that test the resilience and adaptability of an entrepreneur. In this blog, we will explore the various alternative financing options available for small businesses and discuss why they are becoming increasingly popular choices.

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tillful

MAY 31, 2023

Amidst fintech lenders closing up their small business operations plus recession rumors, there’s been a bit of concern about credit crunches, and if we’re in one. A real-life example of a credit crunch What do credit crunches mean for small businesses? So, what causes a group of borrowers to default around the same time?

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Eagle Business Credit

MAY 5, 2023

Small businesses often require funding to finance their operations, expand their services, or invest in new ventures. While there are several financing options available, a bank loan is a popular choice among small business owners.

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Lendio

JANUARY 25, 2023

Running a small business comes with many challenges and responsibilities. Yet one of your most important duties as a small business owner is managing your company’s finances. Small Business Administration (SBA), 82% of failed small businesses go under due to cash flow problems.

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Your Virtual Credit Manager

OCTOBER 22, 2024

To manage the risk that a customer might default, companies implement credit and collection policies and procedures. The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable credit & collection insights. Share Read more

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Skogen Capital Lending

JULY 11, 2023

When you start a small business , you have a lot of things to consider. If you don’t understand and aren’t prepared to pay this cost, you can end up in default or drive your cash flows dangerously low. Both your personal and business ratios should be under 30%. This is a yearly cost that you need to be aware of.

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Fundera

JULY 22, 2018

Default vs. Delinquency. Loan defaults and delinquencies both stem from overdue loan payments. If you miss several payments or can’t make payments for an extended time (usually 90 to 120 days), the lender will place the loan in default and can start collection proceedings against you. What’s a Defaulted Loan?

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Lendio

JULY 6, 2023

Social media can be a highly effective tool for small businesses. Facebook ad revenue continues to grow, which means other small businesses still find it a worthwhile investment. While it may not be for everyone, it’s absolutely worth a try to see how it works for your small business. What Are Facebook Ads?

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Eagle Business Credit

MARCH 27, 2023

News of bank failures like SVB and continued rising interest rates will affect the way banks lend money to small businesses. Banks are one of the primary sources of financing for small businesses, but they have strict qualification standards that make it difficult for some businesses to obtain loans.

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Your Virtual Credit Manager

JUNE 25, 2024

Increasing complaints from customers about invoice discrepancies, unclear payment terms, or disputes suggest that you have systemic problems with the potential to create significant payment delays or defaults. Commensurate with a rising expectation of defaults, is a worsening of the quality of your AR portfolio along with profit shrinkage.

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Fundera

MARCH 3, 2019

If you miss several payments or can’t make payments for an extended time (usually 90 to 120 days), the lender will place the loan in default and can start collection proceedings against you. Both delinquencies and defaults damage your credit. This is called a “penalty rate” or “default rate” and is more prevalent with credit cards.

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Your Virtual Credit Manager

AUGUST 27, 2024

Delinquency risk and the risk of default were the primary focus. The experts at Your Virtual Credit Manager have default risk benchmarks and other data insights for analyzing your AR portfolio and are currently offering 33% off our standard small business consulting rates. Now, the landscape has changed dramatically.

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Lendio

AUGUST 1, 2022

The small business loan is a backbone financing product that has helped millions of small businesses get on their feet. As with any financing, you should know the small business loans basics before filling out any applications. What Is A Small Business Loan? Short-Term Loan.

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Fundera

AUGUST 11, 2016

You took out a small business loan with the best of intentions… But things didn’t quite work out the way you’d planned—and now you can’t make your loan payments. What happens when you default on a loan? What Happens When You Default on a Loan? What Happens When You Default on a Loan?:

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Your Virtual Credit Manager

JANUARY 23, 2024

Furthermore, new businesses and small businesses tend to have high failure rates, and there is good reason to believe a wave of defaults is coming. We are currently offering 33 percent off our standard small business consulting rates. What do you need help doing?

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Fundera

OCTOBER 20, 2019

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities.

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BitX Funding

DECEMBER 13, 2022

Many small business owners find it difficult to obtain capital to grow their businesses without credit or a poor credit history. There are still options out there for getting a small business loan with bad credit. It is more difficult than ever to do business in today’s economy.

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Fundera

SEPTEMBER 30, 2020

Many small business owners are expected to do everything themselves. While some aspects of running a business don’t need to be done perfectly, others—like complying with labor laws—must be done correctly. Between various state and federal laws, there’s a lot for a small business owner to know about labor laws.

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Your Virtual Credit Manager

SEPTEMBER 3, 2024

The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable insights. Learn More About Credit Reports Please share this newsletter with your small business customers. it just might help them collect faster and pay you sooner.

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Your Virtual Credit Manager

SEPTEMBER 24, 2024

The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable insights. Learn More About Credit Reports Please share this newsletter with your small business customers. it just might help them collect faster and pay you sooner.

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Credibly

APRIL 13, 2023

Women entrepreneurs like yourself are likely assessing government loans for small business for women, as well as grants and other options. Today, around 42% of all American businesses are women-owned. Top 4 Women’s Small Business Government Loans In the U.S.,

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Credibly

APRIL 13, 2023

Women entrepreneurs like yourself are likely assessing government loans for small business for women, as well as grants and other options. Today, around 42% of all American businesses are women-owned. Top 4 Women’s Small Business Government Loans In the U.S.,

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Lendio

JUNE 12, 2023

Ninety-nine percent of consumers search for and find small businesses on the internet. If you don’t have a website, it can be challenging for your customers to learn about your business. Several default panels will allow you to customize the site title, logo, and colors.

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Your Virtual Credit Manager

NOVEMBER 5, 2024

For an Introduction to Business/Commercial Collections , join David Schmidt online November 12, 2024, at 1:30 PM EDT. The experts at Your Virtual Credit Manager have default risk probabilities and other financial benchmarks for analyzing your AR portfolio and revealing actionable credit & collection insights. Share Read more

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Credibly

JUNE 21, 2022

Obtaining a small business loan is often a critical step when starting and scaling a business. After all, financing provides business owners with the capital they need to launch their business, maintain cash flows during tough times, or expand their operation. Why Get a Small Business Loan?

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Lendio

JUNE 6, 2023

Let’s break down the qualification requirements to help you determine whether your small business is eligible. You must be an employer that operated a trade, business, or tax-exempt organization during 2020 or 2021. The post Employee Retention Tax Credit: Is Your Small Business Eligible?

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