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SnapCap vs. Kabbage: Which Lender Is Right for Your Business?

Fundera

Since then, they’ve become one of the most reputable online lending platforms, and a go-to source for business owners seeking revolving lines of credit. On the other hand, SnapCap , which is owned by Lending Tree, was founded in 2012. – 500 personal credit score. Personal credit score : 500.

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When Does Short-term Debt Make Sense?

Fundera

The short-term business loan model has seen extraordinary growth in recent years—non-bank short-term lenders doubled the amount of money they loaned between 2012 and 2013, from $1.5 Enterprises that generate daily revenue are well-suited for this lending model, as most short-term loans are automatically repaid through daily ACH transactions.

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Plastiq Review for 2019: Is It Right for Your Small Business?

Fundera

For example, small business owners can use Plastiq to pay rent, taxes, or legal fees with a credit card, in lieu of a check, bank transfer, or wire transfer. For the convenience of letting you use a credit card, Plastiq charges a 2.5% Photo credit: Plastiq. Photo credit: Plastiq. processing fee. fee that goes to Plastiq.

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Digital Transformation in Home Financing: Leveraging Online Tools for Mortgage Success

Due

It’s important to note that 2012 registered even lower mortgage rates during one November week, averaging 3.31%. However, the rest of 2012 was higher, leading to an annual average of 3.65% for thirty-year mortgages. The benchmark requirement for most lenders is a credit score 620 to qualify for a conventional type of mortgage.

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Alternative Lending 101

Fundera

Alternative lending is a fast-growing industry: approximately $3 billion in 2013 was lent through alternative channels, which was double that of 2012. If you default on your “loan” with a pawnbroker, your credit score won’t report it—but technically, this is a form of alternative lending. Door-to-door money lending services.