Sentences with phrase «other small loans»

Taking a big loan with the intention of repaying other small loans is an action known as debt consolidation.

Debt consolidation is the act of taking one big loan to pay off other small loans charging high - interest rates.

Debt consolidation refers to the process of taking one loan to use in paying other small loans.

Not exact matches

The extension doesn't affect other SBA Recovery Act programs, including the America's Recovery Capital Loan Program, which offers up to $ 35,000 in short - term relief to help small businesses ride out the recession.

The Small Business Administration (SBA) publishes a series of pamphlets and other information designed to assist businesses in obtaining loans.

Before launching Circle in 2013, she was — among other things — the CEO and COO of the Kashf Foundation, where she expanded a small micro-lending pilot program into an entity that provided more than 300,000 women with loans («98 % of which were repaid in full,» she says with a proud smile).

> There are many different ways to finance a small business: bank loans, savings, or capital investment from other third parties.

Our full suite of funding options includes 401 (k) business financing, SBA small business loans and unsecured loans, as well as growth capital and other business services.

Many small businesses must rely on loans or other forms of credit to finance day - to - day purchases or long - term investments in facilities and equipment.

«Together with other provisions of the Recovery Act, ARC loans will free up capital and put more money in the hands of small business owners when they need it the most,» SBA Administrator Karen Gordon Mills said in a press release.

Although the SBA doesn't issue loans directly, it facilitates small business lending through banks and other financial institutions by mitigating associated risks.

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 shutdown.

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

However, many other services would be halted, including processing for new small - business loans in the U.S. Small Business Administration's loan portfsmall - business loans in the U.S. Small Business Administration's loan portfSmall Business Administration's loan portfolio.

It supported 164,000 jobs and made 3,340 loans and other forms of financing to small businesses, generating a surplus of $ 675 million for the Department of Treasury in fiscal year 2014.

Provides small business loans, merchant cash advance services, equipment financing and other loans to the retail, restaurant, healthcare, auto repair and franchise funding industries.

Also, the small amounts raised through crowdfunding — typically a few thousand dollars — are not enough to replace bank loans or other financing needed by aspiring franchisees.

The lowest - priced loan option might not always be the best fit, especially if other small - business owners report hidden fees or hassles with customer service.

The Small Business Administration's other major loan program is the 504 CDC (Certified Development Companies) Program.

Your franchisor is one possible source, and small - business loans may be available from other lenders if the brand you're franchising has a strong track record.

These government - backed small - business loans have significantly lower rates than many other lenders offer.

With this investment, Kabbage — a company that combines machine - learning algorithms, data from public profiles on the internet and other factors to rate and then loan small businesses money — will expand its lending products and services.

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.

Many entrepreneurs turn to banks and other financial institutions to secure a loan for their small business.

In others, the executives altered the assessments so that a smaller number of loans were considered «defective.»

10 Finance Terms to Know When it comes to small - business loans and other financing, knowledge is power

Advantages: If you can get a small business loan from a bank, you'll typically pay lower interest than most other options.

The Senate bill would adjust the size at which banks are subject to certain regulatory scrutiny and exempt small banks from some requirements for loans, mortgages, and trading, among other measures.

In most cases, they'll get an answer on their loan application with the same day (sometimes with the hour) without the need to collateralize a particular piece of real estate, inventory, or other had asset, making it possible for many healthy businesses that don't have collateral to qualify for a small business loan.

I'm not of the opinion that every business challenge can be solved with additional capital, but I do believe that a small business loan or line of credit can be a great tool to fuel growth or fund other ROI - generating initiatives.

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.

Many small - and medium - size banks are increasingly raising money for loans, bond purchases and other investments by issuing wealth management products, and even some largely unregulated companies have begun issuing wealth management products.

Many small business owners looking for unsecured business loans or lines of credit typically don't have the collateral that a bank may require, such as real estate, inventory, or other hard assets.

Nevertheless, even if you do have the right credit score, have sufficient collateral, and meet the other requirements, a loan at the bank might not be the best loan to address your situation, so it makes sense to understand more about a loan at the bank and investigate all the options to make sure you pick the right loan to meet your small business needs.

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

Depending on your circumstances and needs, other options may include merchant cash advances, small business loans, and a wide variety of other alternatives.

The three major business credit bureaus, Dun & Bradstreet, Experian, and Equifax, all consider things like how timely your business pays your suppliers, your business's history with any business credit cards, and how your business pays any other small business loans it may have had in the past.

Nevertheless, as traditional lenders have shied away from the smallest small businesses; and loans to those businesses has been in overall decline since the year 2000 [3], online lenders are using technology to look at other information available from the public record as well as transaction history, cash flow, and other metrics in addition to credit profiles, that demonstrate a healthy business.

Many small business owners are interested in a loan or line of credit for their business, but don't have the specific collateral a bank may require, such as real estate, inventory or other hard assets.

A small business term loan is used to meet a business» capital needs — purchasing inventory, buying expensive equipment, building a new building, or any other business - related expense that requires more capital than is immediately available within the cash flow of the business.

However, it's a low - cost way to increase your life insurance coverage if you're a young parent or have significant debt that would be passed on to others, such as small business loans.

Unlike your personal credit, it's not expressed in a fairly universal score, but rather is typically expressed in a series of reports that address how timely a business repays vendors who offer payment terms, their payment history with any current small business loans, industry information (including the overall creditworthiness of other businesses within that industry), and comparisons between the business and others within the same revenue class, size, number of employees, and the region where they do business.

Non-profit lenders tend to focus on smaller loan amounts, of under $ 50,000, and small businesses that have the potential to provide positive economic impact within their communities, but either have too short a track record or are too small to be attractive to other, for - profit, lenders.

Your business» track record will help them determine the answers to those questions, so making each and every payment to your suppliers, your business credit cards, or other small business loan, is critically important.

In other words, a term loan refers to a loan that has a specified repayment period and there are many types of small business term loans.

If your small business is looking for money, here are ten other Canadian small business loan sources where you may be able to get the funding you need.

If you have other loans with small balances (like the small credit card balance in the example above), wiping out this loan in its entirety could put you over the edge.

10 Small Business Loan Sources explores sources of small business loans other than traditional bSmall Business Loan Sources explores sources of small business loans other than traditional bsmall business loans other than traditional banks.

Depending upon the nature of the business need, a business» credit profile, time in business, whether or not the business has adequate collateral, and other factors, there are more small business loan options available today than ever before.

Although loan qualifications are more lenient in comparison to other lenders, payday loans are often much smaller.