Sentences with phrase «more loans for my business»

I am able to confidently focus on bringing in more business and close more loans for my Business Partners while I watch the the great results and the happy smiles of my clients who are getting fantastic results!

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 schedule.

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.

The impact of the adjustment is likely to be mild on most parts of the economy — for instance, slightly increasing borrowing costs for consumers and small businesses that rely on more traditional bank - loan financing.

More recently, he was COO at Yogurty's, where he met Zahedi, then a Royal Bank loan officer who streamlined small - business loans for Yogurty's franchisees.

What's more, to qualify for most bank loans, your company will need to have been in business for at least one to two years and meet annual revenue requirements — to name just some of the criteria required.

Even though there are more lending options for small businesses than ever before, a crucial step is missing in the process; and no one is paying attention, leaving business owners increasingly frustrated over their rejections for credit lines and loans.

Those kinds of struggles had led 53 percent of those small businesses to apply for funding or credit lines over the past five years — and more than one in four said they had sought loans multiple times.

Team Capital's bread and butter is small business lending, and more than 65 % of its total $ 500 million loan portfolio is for small business loans.

Over the past three years, half of small business owners reported applying for a loan from banks or another financial institution, with 20 percent applying more than once for financing.

The (SBA) has set guidelines for small business loans offered by private lenders which may make them more accessible to you than other loans.

They're making your shoes more comfortable, helping your kids learn more efficiently, providing loans for your business, and serving hearing - impaired people in the developing world.

Because of the tight credit market, business plans are being more closely scrutinized than ever and banks are looking for specifics before looking at Small Business Administration - backed loans or community banbusiness plans are being more closely scrutinized than ever and banks are looking for specifics before looking at Small Business Administration - backed loans or community banBusiness Administration - backed loans or community bank loans.

(See Making Student Debt Less Sticky) While the very uniqueness of each loan and each employee's situation makes it inefficient and uneconomical for any one business to take on the problem, in the aggregate this problem is a large source of growing concern for more than 40 million student and parent debtors (as well as their employers).

For many of these businesses, there are two alternative and much more responsible options: micro loans and U.S. Small Business Administration (SBA) loans.

Simultaneously, when conditions are improving, business demand for loans rise, and banks respond by increasing their supply of loans, which are more profitable at higher interest rates.

In 2011, the SBA guaranteed more than $ 30 billion in loans to more than 60,000 small businesses, setting a record for the agency.

It is worth noting that businesses can apply for either type of disaster loan assistance, but they can be awarded no more than a total of $ 1.5 million from the two programs unless they qualify as a major source of employment for the region in which they operate.

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.

For a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending's Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credFor a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending's Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poorbusiness loans from relatives and friends is currently at 7.6 percent, according to CircleLending's Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poorBusiness Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credfor individuals with poor credit.

In addition to more money for the agency's various counseling programs, the House provided $ 80 million to subsidize losses in the SBA's flagship business loan program, the 7 (a).

(In an e-mail to Canadian Business, a spokesperson for Strategic stated that the grid note «included funds loaned to Concrete to deal with the significant real estate issues in their portfolio» and that the firm agreed to reduce the total by more than $ 1 million «as a courtesy.»)

Most small - business owners need a bank loan at one time or another, and applying for one involves much more than filling out paperwork and saying a prayer.

With big lenders struggling to survive the market, receiving a loan for your business may be a bit more difficult than anticipated.

A carefully thought out description of what the loan will be used for — detailed plans to increase business operations and profits are more likely to be approved.

There are a few hundred microlenders throughout the United States and while they often charge slightly higher interest rates for loans than banks, they've helped 250,000 - 300,000 small businesses each year and lent more than $ 2 billion nationwide during the past 10 years, according to the Association for Enterprise Opportunity (AEO), the trade association for microlenders.

One option would be to apply for a microloan, a small business loan ranging from $ 500 to $ 35,000 (and sometimes more) that is well - suited for small businesses or startups that maybe don't have a credit history, can't secure the funds through a bank loan, don't have collateral, or have other risk factors.

The recovering economic environment has meant that small businesses have had to be more creative when looking for loans.

There are more options available than ever before for businesses looking for borrowed capital — but there is no one - size - fits - all loan for every business.

Accessing retirement funds for business financing also likely means making a larger down payment, which can help make monthly payments more manageable, and in many cases means better loan terms.

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.

Finding the right investor can be time consuming and more complicated than applying for a small business loan.

«Peer - to - peer lending platforms play an important role because they increase the amount of capital for small businesses by creating new sources of loan capital, more sophisticated credit models, and efficient access,» said a spokesperson for Mr. Leal's office.

A seemingly insignificant misclassification of your industry could put you in a higher risk category and make it more difficult for your business to qualify for a loan.

The On Deck system also leverages the proliferation of various electronic payment networks to offer the first - of - its - kind daily direct debit automated servicing platform to make loan repayment easier for businesses and more reliable for lenders.

That might be more appealing to some business owners than a loan with a longer payback, because they might be willing to pay more in the short - term in exchange for a greater ROI, faster.

Targeted towards entrepreneurs and owner - operated businesses, there exist many different kinds of small business loans - read on to learn more about each type and which one (s) might be a good fit for you and your business.

A motel loan may also be used to update rooms or give your property a little facelift, which can be helpful if you've been in business for some time and could use some more modern conveniences.

The problem is that most don't qualify for bank loans with an 8 % interest rate, and even more don't want to do business with predatory lenders who charge 40 % and remind them of Tony Soprano.

In an interview with Nav co-founder and CEO, Levi King, he suggested the link to monitoring your credit profile and positive results was measured by their American Dream Gap Report: «[B] usinesses that regularly monitor their credit were 41 percent more likely to be approved when applying for a small business loan.»

In general, lines of credit and short - term loans are more suited for smaller or recurring business expenses, daily working capital or cash flow gaps.

Small - business loans are typically issued only for businesses with a year or more of history and revenue.

For example, by looking at the overall health of your business, your cash flow, and your personal and business credit profile, you might even qualify for more than you would with a traditionally collateralized loFor example, by looking at the overall health of your business, your cash flow, and your personal and business credit profile, you might even qualify for more than you would with a traditionally collateralized lofor more than you would with a traditionally collateralized loan.

Even if that loan is slightly more expensive than other options now, it may be cheaper for business in the long run.

Small business owners who understand their business credit scores were 41 % more likely to get approved for a loan.

Any information within your profile perceived as a negative by a potential lender could make it more difficult to qualify for a small business loan.

For businesses with a year or more of history and revenue, you have more financing options, including SBA loans, term loans, business lines of credit and invoice factoring.

Credit card reliance broadly increased for respondents of all age groups, except for the youngest firms (0 - 5 years), which relied more heavily on business earnings or loans from friends and family;

Nevertheless, traditional lenders are likely to weight the value of your personal score more heavily than many online lenders do, so if you have an otherwise healthy business and can demonstrate that your business has the cash flow to make timely loan payments, it is possible to qualify for a loan with a less - than - perfect personal credit score.

Business owners can now apply online for a loan at lenders like Kabbage and LendingClub, and many online lenders have more lenient eligibility criteria than banks or credit unions.