Lendio

DECEMBER 7, 2023

When you’re looking at business loans for the first time, you might be overwhelmed by all of the information you need to understand to feel confident in your decision. One of the most important components of any type of financing is the loan term. This is the length of time and frequency you’re required to repay the loan.

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Small Businesses 98

Lendio

NOVEMBER 1, 2023

You might consider an SBA microloan if you’re trying to start a business or expand your current small business. These loans are available for $50,000 or less and come with low interest rates and flexible repayment terms. Let’s start with the basics… What is an SBA microloan?

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Small Businesses 97

Lendio

DECEMBER 13, 2023

When your business needs a quick cash infusion to deal with unexpected expenses, seize growth opportunities, or meet urgent operational costs, fast business loans come to the rescue. This guide will walk you through the various options for fast business loans, helping you make an informed decision that suits your business needs.

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Credit Scoring Credit and Collections Small Businesses 98

Lendio

FEBRUARY 22, 2023

While the SBA offers several small business loans for established companies, there are also some options available to new ventures. Explore the most common SBA loans for startups, so you know how to get working capital for your business when it’s needed most. The maximum loan term is six years.

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Investment Firms Small Businesses 97

Lendio

MAY 9, 2024

Whether you’ve gone through a personal or business bankruptcy, lenders will consider past bankruptcies when making a loan decision. This post will cover common questions about bankruptcy and how it impacts your loan application. Can you get a business loan after bankruptcy? When can you qualify for a loan after bankruptcy?

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Lendio

NOVEMBER 3, 2023

Are you looking for a business loan to help your company? Understanding current business loan interest rates and different loan types will help you pick the loan option that’s right for you. The overall cost of getting a business loan can vary significantly with various loan options and a range of interest rates.

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Small Businesses 98

Lendio

NOVEMBER 1, 2023

Amidst the clutter of commercial loans and private investors, a beacon shines bright—the SBA line of credit. What is an SBA line of credit? The SBA offers both revolving and fixed lines of credit options to choose from. For many small business owners, navigating the landscape of funding options can be daunting.

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Credit Scoring Small Businesses 52

Lendio

NOVEMBER 16, 2023

As a small business owner, you may have heard of the Small Business Administration (SBA) loans as a potential funding source for your business. These loans are backed by the SBA, providing lenders with a guarantee in case of default. Is collateral required for SBA loans? This is not the case.

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Small Businesses Credit Scoring Default 52

Lendio

OCTOBER 23, 2023

Small Business Administration (SBA) represents some of the most affordable types of business loans available. SBA loans are a popular option for both startups and established businesses alike. At the same time, understanding how to apply for an SBA loan and qualify for this type of financing can be complicated.

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Lendio

MARCH 9, 2023

If you’ve ever wondered what you can use your SBA loan for, the answer depends on which loan type you have. The SBA offers several different loan programs, each of which has its own eligibility requirements. What Can SBA Loans be Used for? What Can SBA Loans be Used for?

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Small Businesses 52

Lendio

NOVEMBER 17, 2023

Fortunately, the Small Business Administration (SBA) offers loan programs specifically designed to help small businesses purchase necessary equipment. In this blog post, we’ll discuss how to get an SBA loan for equipment purchases, as well as the benefits of using these loans and where you can go to apply.

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Lendio

NOVEMBER 1, 2023

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. Getting a business loan sounds simple — until you realize how many types of loans exist and how many lenders offer those loans,” says business.org.

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Small Businesses Credit Scoring Credit and Collections Default 98

Lendio

OCTOBER 17, 2023

It’s completely understandable that obtaining a business loan may seem overwhelming, but we’re here to help make the process easier for you. Let’s learn how to get a business loan. The first step in getting a small business loan is planning the funds you will receive. Ready to find out more? Get an Offer 3.

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Lendio

JANUARY 31, 2023

Small Business Administration (SBA) loans are some of the most desirable and sought-after financing options available for small business owners. SBA loans are known for affordable interest rates and generous repayment terms that can help small businesses grow and reach their financial goals.

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Small Businesses Credit Scoring Transactions Default 52

Lendio

FEBRUARY 24, 2023

Small Business Administration offers a few different real estate loans to help business owners purchase, renovate, and build properties that support their companies. There are two primary SBA commercial real estate loans to choose from: the 7(a) loan and the 504 loan. Here’s how they work.

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Credit Unions Small Businesses 52

Lendio

NOVEMBER 14, 2023

If you’re a small business owner looking for financing options, you may have come across the term “SBA loan.” But what exactly is an SBA loan? In this blog post, we’ll dive into the details of what SBA loans are and help you understand if getting one is the right option for your business.

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Lendio

FEBRUARY 8, 2023

SBA loans can be an incredible financial resource for business owners who want to grow or sustain their companies. Understanding SBA loan interest rates is an important part of determining just how helpful this type of financing can be, since costs vary based on many different factors. Small Business Administration.

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Small Businesses 52

Lendio

MARCH 22, 2024

of the dollars offered in SBA 7(a) and 504 loans in the 2023 fiscal year. Women are more likely to apply for a loan with an online lender. 30% of women business owners reported applying for a loan through an online lender vs. 20% of men-owned businesses. 25% of women are denied a business loan vs. 19% of men.

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Small Businesses 52

Lendio

DECEMBER 8, 2023

SBA grants State Trade Expansion Program The State Trade Expansion Program (STEP) is an initiative by the U.S. Small Business Administration (SBA) aimed at helping small businesses break into the export market or expand their existing export operations. Business loans Business loans are a popular funding option.

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Small Businesses Credit Scoring 98

Lendio

DECEMBER 5, 2023

As of November 2023, we’re seeing rates that range from about 6% to 15%, depending on the specific circumstances of the loan. Lenders assess the borrower’s credit history, financial stability, and debt-to-income ratio to determine the risk associated with the loan. unchanging throughout the loan term) or variable (i.e.

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Credit Scoring Transactions Small Businesses 52

Lendio

MARCH 18, 2024

Research loan and grant opportunities for women – The SBA offers programs, grants, and loan aid for women entrepreneurs. One example of aid the SBA provides is through the Office of Women’s Business Ownership , which helps advocate for, educate, and support women entrepreneurs. of the approvals and 28.4%

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Small Businesses 105

Abrigo

JULY 20, 2021

Looking to Increase SBA Loan Origination? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Want other articles like this on SBA loan origination in your inbox? Why SBA Lending? Here are five reasons, according to industry experts.

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Abrigo

JULY 20, 2021

Looking to Increase Loans through the SBA? From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending?

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Credit Unions Credit Risk Credit and Collections Small Businesses 78

Lendio

MARCH 31, 2023

Researching how to get a government loan to start a business? Or have you heard that government business loans have some of the best rates? Government business loans do come with competitive rates, and some of them can even be used to cover startup costs. What Are Government Business Loans? How Do Government Loans Work?

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Lendio

MARCH 8, 2023

Financing your business with an SBA loan can help you invest in the things you need to grow your revenue. However, in addition to your financial documents and business plan, some SBA loans come with insurance requirements. SBA 504 loans – Usually the property being renovated or purchased is used as collateral.

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Lendio

JANUARY 9, 2023

Traditional banks rarely offer business loans to brand new entrepreneurs. Before lending any funds, many lenders prefer to see a proven financial track record that demonstrates an ability to repay the funds a business loan applicant is seeking. Alternative business loans. SBA startup loan.

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Credit Reporting Agencies Small Businesses Credit Scoring Default 105

Lendio

JANUARY 6, 2023

Small business loans are one of the most popular ways for entrepreneurs to get the money they need to start a business and keep it running. If you’re wondering how hard it is to get a business loan, the answer depends in large part on the type of business loan you hope to take out. Business Loan Approval Factors.

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Credit Scoring Small Businesses Transactions 93

Lendio

MARCH 18, 2023

Approximately 12% of small business loan applicants don’t qualify for any financing at all. Depending on your situation, however, relying on personal savings or loans from friends and family members may not be an option. In some cases, you might be able to qualify for lower interest rates and higher loan amounts.

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Lendio

FEBRUARY 22, 2023

Small Business Administration (SBA), small businesses account for 99.7% Below, we’ll dive deeper into the SBA’s definition of a small business, so you can determine whether you meet SBA loan requirements and qualify for certain benefits. To find out if the SBA considers your company a small business, follow these steps.

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Small Businesses 72

Lendio

DECEMBER 12, 2022

Yet it’s important to understand that smaller commercial loans aren’t always a good fit for large traditional lenders. From a processing and profit standpoint, issuing smaller commercial loans might not be practical for some lending institutions. What Are Alternative Business Loans? Time in Business Min. Online Applications.

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Small Businesses Credit Scoring Credit and Collections Credit Reporting Agencies 98

Lendio

OCTOBER 12, 2023

Veteran financing programs In addition to generic business loans, you can find several financing options that are veteran-specific. Veterans Business Fund (VBF) The VBF is a nonprofit organization formed to help a growing number of unemployed veterans get access to supplemental capital to qualify for small business loans.

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Small Businesses Nonprofit Organizations 52

Lendio

MAY 30, 2023

Franchise funding is a loan designed to assist individuals in funding the purchase of a franchise location. Business loans can finance a new franchise location, but certain loans and lenders are a better fit for franchise businesses. Here is your step-by-step guide for finding the right loan for your franchise.

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Credit Scoring Credit Unions Small Businesses 52

Lendio

OCTOBER 27, 2023

Understanding the nuts and bolts of cash flow loans can give your business the edge it needs to stay afloat and grow. What are cash flow loans? A cash flow loan is a type of financing that is designed to meet the immediate cash needs of businesses. Cash flow loans vs. traditional loans. Types of cash flow loans.

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Credit and Collections Credit Scoring Default Small Businesses 52

Lendio

APRIL 27, 2023

Business Loans A business loan can provide you with a lump sum you can use to invest in your business. It might be difficult to qualify with bad credit—especially with traditional business loans. Interest on business loans and credit cards is tax deductible. Find out which business loan is best for you.

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Lendio

APRIL 11, 2024

The business you’re acquiring provides you with a loan that you pay back over time. Small business loan. You find a business acquisition loan to finance the buyout. You leverage the new business’s assets to help finance the acquisition, but you’ll usually need to pair this with a loan or seller financing. SBA 7(a) loan.

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Small Businesses Bankruptcy Credit Scoring Transactions 98

Lendio

FEBRUARY 22, 2023

The Small Business Administration (SBA) provides attractive loan programs for small business owners. If you’re a small business in search of financing with low rates and lengthy repayment terms, SBA loans are definitely worth considering. So which loan makes the most sense for your unique situation?

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Credit Unions Small Businesses 52

Biz2X

JULY 19, 2023

From the CEO’s Desk is a new feature article series on the Biz2X business lending platform blog. Recently we’ve seen everyone from Apple to American Express and more start to utilize embedded finance to improve customer acquisition and customer retention. How is Amex doing this as a traditional credit card and banking service provider?

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