Sentences with phrase «potential small business borrower»

Not exact matches

Consider Peer - to - Peer Lending Following the credit crunch and Great Recession, banks are still cautious about extending loans to small businesses prompting a growing number of potential borrowers to search for loans online: peer - to - peer lending.

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.

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.

Borrowers who might be looking for a $ 3,000 or $ 5,000 loan might be pushed into a credit card account for these smaller loan amounts at the local bank, however that very small loan amount in the right hands has the potential to create jobs, build a business, and strengthen a community.

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.

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.

This act protects potential borrowers who are looking for a small loan from getting bamboozled by lenders with deceptive business tactics.

Not every P2P lender deals with small business loans, and many won't accept borrowers below a certain credit score; the ones who do may also impose high interest rates, so prepare yourself for the potential cost if you're early in your business career and in need of financing.

A. William Manger, the associate administrator for the Office of Capital Access at the U.S. Small Business Administration, said small business owners considering an SBA loan would be best served by speaking with their banker or checking out the SBA's new online lender tool, Lender Match, which connects potential borrowers with lenSmall Business Administration, said small business owners considering an SBA loan would be best served by speaking with their banker or checking out the SBA's new online lender tool, Lender Match, which connects potential borrowers with Business Administration, said small business owners considering an SBA loan would be best served by speaking with their banker or checking out the SBA's new online lender tool, Lender Match, which connects potential borrowers with lensmall business owners considering an SBA loan would be best served by speaking with their banker or checking out the SBA's new online lender tool, Lender Match, which connects potential borrowers with business owners considering an SBA loan would be best served by speaking with their banker or checking out the SBA's new online lender tool, Lender Match, which connects potential borrowers with lenders.

Not every P2P lender deals with small business loans, and many won't accept borrowers below a certain credit score; the ones who do may also impose high interest rates, so prepare yourself for the potential cost if you're early in your business career and in need of financing.