Sentences with phrase «loans to small business owners»

We also offer bridge loans to small business owners who need capital for properties they already own free and clear, or in which they have substantial capital.

Meanwhile, fascinated by the spread of smart phones and digital payment systems in Africa, Flannery knew that if he could raise serious capital, he could make even more loans to small business owners without needing to meet and interview them first.

The Small Business Administration is a government entity that offers loans to small business owners.

Depending upon the lender, the creditworthiness of the borrower, the loan purpose, and the loan type, online lenders offer a variety of potential loans to small business owners — short - and long - term loans along with lines of credit to meet a variety of business needs.

These lenders use a similar model in allowing individuals to fund whole or partial loans to small business owners.

Over the past five years, Prospa has disrupted a previously traditional industry by transforming the way small business owners experience finance, injecting more than $ 400m into the Australian small business economy through over 12,000 loans to small business owners.

Meanwhile, fascinated by the spread of smart phones and digital payment systems in Africa, Flannery knew that if he could raise serious capital, he could make even more loans to small business owners without needing to meet and interview them first.

Depending upon the lender, the creditworthiness of the borrower, the loan purpose, and the loan type, online lenders offer a variety of potential loans to small business owners — short - and long - term loans along with lines of credit to meet a variety of business needs.

Not exact matches

To apply, business owners must be one of Wells Fargo's more than 3 million small business customers, have been in business for at least a year, and have sufficient revenue to support the loans» weekly repayment schedulTo apply, business owners must be one of Wells Fargo's more than 3 million small business customers, have been in business for at least a year, and have sufficient revenue to support the loans» weekly repayment schedulto support the loans» weekly repayment schedule.

The SBA's backing of small business loans, which helped keep money flowing to some lucky owners, is getting a makeover.

We know that more than 90 percent of small business owners still believe that banks are a first stop for business financing, despite more than a 30 - year history of banks decreasing the amount of their loans going to small businesses.

Another factor that's not helping the lending environment for small business owners is that transactions costs to process these types of loans are comparable to larger commercial loans, but without the payoff.

A Lendio Franchisee will be able to help small business owners find the loan they need to grow their business by leveraging Lendio's business loan marketplace.

In September 2015, Biz2Credit conducted a study that showed Latino small - business loan applications grew 18 percent, yet their owners lag behind in the necessary factors needed to secure financing, such as annual revenue, age of business and credit scores.

Many small - business owners feel frustrated when they try to apply for a line of credit or a small - business loan — they feel like banks are only set up to loan money to big companies.

He tried to buy the company, but the owner wouldn't sell, so he went out on his own with the help of a $ 100,000 small - business loan and opened a shop, Lincoln Press, in Dallas in 1999.

In short, if you're applying for a loan, check to see which owners have the most invested in your small business: they'll have the biggest impact on your application.

The number of small business loans, defined as loans of $ 1 million or less, declined 4.7 % in 2011, according to the Federal Reserve Board of New York in its most recent survey of 544 small business owners.

According to that plan, the SBA's flagship lending program for small - business owners, the 7 (a) loan program, would be closed.

Dozens of other loan programs — including the 504 Certified Development Loan Program, which is accessed by small - business owners for loans to buy large fixed assets and real estate — and many mentorship programs, including the SCORE system and Veteran's Business Development offices, would be shuttered in the case of a government shutdloan programs — including the 504 Certified Development Loan Program, which is accessed by small - business owners for loans to buy large fixed assets and real estate — and many mentorship programs, including the SCORE system and Veteran's Business Development offices, would be shuttered in the case of a government shutdLoan Program, which is accessed by small - business owners for loans to buy large fixed assets and real estate — and many mentorship programs, including the SCORE system and Veteran's Business Development offices, would be shuttered in the case of a government sbusiness owners for loans to buy large fixed assets and real estate — and many mentorship programs, including the SCORE system and Veteran's Business Development offices, would be shuttered in the case of a government sBusiness Development offices, would be shuttered in the case of a government shutdown.

While completely new companies, non-profitable businesses, or owners with challenged credit histories might still find some trouble, many more small business owners can find a loan to help their business grow.

Though the industry has grown explosively in the past few years, making an estimated 1 million loans worth about $ 12 billion to consumers and small business owners, so too have questions and complaints.

This news comes against a backdrop, where small business owners are, generally speaking, finding it harder to get loans under $ 1 million from banks — and more specifically to find loans of less than $ 50,000.

The number of small - business loans fell dramatically during the recession, as big banks cut off credit to customers they considered risky and many smaller and regional banks that once lent to local business owners shut their doors.

During the recession and even recently, many small - business owners chose not to bother applying for loans under the assumption that they would be turned away.

Any small business that posted average annual sales over the previous three years of $ 5 million or less and employs 100 or few individuals (including all owners, partners, and principals) is eligible to apply for a Low Documentation Loan.

To do so, the small business owner should be equipped with a complete understanding of his or her operation (whether existing or proposed) and the benefits that a loan, if granted, will bring to the businesTo do so, the small business owner should be equipped with a complete understanding of his or her operation (whether existing or proposed) and the benefits that a loan, if granted, will bring to the businesto the business.

The Small Business Administration defines businesses eligible for SBA loans as those that: operate for profit; are engaged in, or propose to do business in, the United States or its possessions; have reasonable owner equity to invest; and use alternative financial resources (such as personal assetsBusiness Administration defines businesses eligible for SBA loans as those that: operate for profit; are engaged in, or propose to do business in, the United States or its possessions; have reasonable owner equity to invest; and use alternative financial resources (such as personal assetsbusiness in, the United States or its possessions; have reasonable owner equity to invest; and use alternative financial resources (such as personal assets) first.

It's just that many banks are not able to properly scale their resources to include all deserving borrowers, even if small - business owners do meet the stringent standards set by lenders,» says James Walter, founder and CEO of BBC Easy, a provider of automated loan management software for financial institutions.

To date, borro, which launched in 2008, has funded more than $ 70 million loans in the U.S. and U.K. Founder and CEO Paul Aitken estimates that more than 60 percent of U.S. customers are small - business owners.

When talking to potential funders, smart small business owners ask for more than they need and, in a pinch, they have a plan of attack for securing last - minute loans.

Investments in the new funds announced Tuesday could include small business loans to women business owners or sustainable housing for workforce tenants and families.

New York City - based OnDeck Capital launched a new loan program today that gives small - business owners access to a significant amount of cash in a flash.

At the helm of the San Diego - based community development corporation, Small Business Finance, Kurt Chilcott works to help small - business owners get access to capital, especially through government - backed loan progSmall Business Finance, Kurt Chilcott works to help small - business owners get access to capital, especially through government - backed loan pBusiness Finance, Kurt Chilcott works to help small - business owners get access to capital, especially through government - backed loan progsmall - business owners get access to capital, especially through government - backed loan pbusiness owners get access to capital, especially through government - backed loan programs.

Low interest rates translate into lower profits when banks make loans, and all too often this curtailed their incentive to grant funding requests made by small business owners.

If you are a small business owner who has been planning to expand your enterprise, now is the time to begin the loan application process.

It wouldn't do much to help small business owners get bank loans either, as my Inc. colleague Maria Aspan points out.

Another compelling finding from the SurePayroll survey: 21 percent of small business owners say they plan to seek loans in 2012, with banks as their primary source of obtaining extra capital.

To see how credit access is shaping up, small - business owners might want to note when the Federal Reserve releases the results of its quarterly survey of senior loan officers in January, April, July and OctobeTo see how credit access is shaping up, small - business owners might want to note when the Federal Reserve releases the results of its quarterly survey of senior loan officers in January, April, July and Octobeto note when the Federal Reserve releases the results of its quarterly survey of senior loan officers in January, April, July and October.

Owners of less - successful small businesses will find bank loans tough to get because they are the marginal borrowers who are often unable to get loans when credit is scarce.

SBA loans are specifically designed to give small business owners the most affordable financing possible as they grow their businesses.

Gibraltar Business Capital provides small - to medium - sized business owners fresh and accessible capital alternatives to a commercial bank loan, which is typically more restBusiness Capital provides small - to medium - sized business owners fresh and accessible capital alternatives to a commercial bank loan, which is typically more restbusiness owners fresh and accessible capital alternatives to a commercial bank loan, which is typically more restrictive.

Unfortunately, not many of the top 100 banks does a good job making smaller loans, available to business owners, in the $ 40,000 to $ 50,000 range, based on my analysis of the numbers.

«We were starting to see people who had never been in a pawnshop before, especially small - business owners who needed loans up to $ 50,000, and they couldn't get [the money] from their banks so were turning to pawnshops to cover their cash shortages,» Hills says.

Here's everything you need to know about getting a business loan if you're a small business owner with a tax lien.

But Jared Hecht and Rohan Deshpande are — successfully — diving into both headfirst with Fundera, an online marketplace that helps small business owners receive loans from non-bank lenders to get their businesses off the ground.

Combine this with the fact that once you do secure your business loan, you will need to provide at least 20 percent cash down, and it's no wonder that many prospective small business owners don't even consider SBA loans as a...

This type of automatic payment is also good for borrowers because, among other things, it has the potential to help a small business eliminate cash flow lumpiness by making more frequent and smaller debits on a daily or weekly basis as opposed to requiring a large loan payment on a monthly basis — although that is not the only benefit to small business owners.

(New York, NY) March 24, 2010 — On Deck Capital (www.ondeck.com), a leading provider of small business financing solutions, announced today announced today that over $ 50 million of loans have now been made to more than 2,000 Main Street small businesses using its proprietary performance lending system which evaluates businesses based on electronic performance data rather than relying solely on the business owner's personal credit score.

«Business owners need to be aware of the very high price of merchant cash advances,» says Mitch Jacobs, founder and CEO of On Deck Capital, which provides unsecured small business loans to companies denied by traditionaBusiness owners need to be aware of the very high price of merchant cash advances,» says Mitch Jacobs, founder and CEO of On Deck Capital, which provides unsecured small business loans to companies denied by traditionabusiness loans to companies denied by traditional banks.