Fundera

OCTOBER 30, 2019

What Are SBA 504 Loans? SBA 504 loans, guaranteed by the U.S. There are three parties to an SBA 504 loan—the borrower, the bank, and the SBA-approved certified development company (CDC). SBA 504 loans feature 10- to 25-year terms, low interest rates, and a 10% to 20% down payment.

Small Businesses 68

Small Businesses Bankruptcy Credit Scoring 68

Abrigo

SEPTEMBER 1, 2020

Key Takeaways Most financial institutions have implemented technology to help handle Paycheck Protection Program (PPP) loans. Lenders leveraging that technology to provide SBA loans after PPP can add products, grow customers, and add portfolio stability. Leveraging tech for SBA lending after PPP.

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Credit Unions Credit Risk Small Businesses Transactions 78

Abrigo

SEPTEMBER 1, 2020

Key Takeaways Most financial institutions have implemented technology to help handle Paycheck Protection Program (PPP) loans. Lenders leveraging that technology to provide SBA loans after PPP can add products, grow customers, and add portfolio stability. Leveraging tech for SBA lending after PPP.

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Credit Unions Credit Risk CECL Small Businesses 78

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

JANUARY 19, 2023

Startup business loans are a great way to bridge this funding gap—and even if you have a suboptimal credit score, there are forms of financing you still probably can access. What Is a Startup Business Loan? The reality of startup business loans is a little more complicated, though.

Credit Scoring 98

Credit Scoring Credit Unions Small Businesses 98

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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Default Credit Unions Small Businesses 52

Lendio

APRIL 14, 2023

If you have an opportunity to buy commercial real estate with a fixed-rate loan, however, you can make your expenses easier to manage and avoid the risk of either having to pay more in rent or move your business elsewhere. Usually, a 504 loan will include a first mortgage for around 50% of the cost, from a third-party lender.

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Deductions Small Businesses 52

Fundera

NOVEMBER 6, 2018

What Are SBA 504 Loans? SBA 504 loans, guaranteed by the U.S. The loan, which is divided between a bank and an SBA-approved certified development company, features 10- to 25-year terms, low interest rates, and a 10% to 15% down payment. In each of these cases, an SBA 504 loan would be perfect.

Small Businesses 68

Small Businesses Bankruptcy Credit Scoring 68

tillful

JANUARY 16, 2023

Just note that this article should not take the place of financial advice — talking to a lender or trusted advisor is always recommended when choosing the best financial product for your business. First, a Refresher on Short-Term vs. Long-Term Loans Long-Term Loans There’s a bit of debate as to what’s considered a “long-term” loan.

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Credit Scoring Invoice Amount Small Businesses 52

Commercial Lending

OCTOBER 25, 2021

Or if they are looking to refinance, “How much cash-out can I get with a refinance, namely how high a loan to value can you get me to?”. . We used this product earlier this year for one client looking to expand their tire business to allow them to buy the location they operate out of with 100% financing.

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Transactions Small Businesses 52

Biz2X

NOVEMBER 28, 2022

A recent FDIC Community Banking Study revealed that community banks that boasted higher ratios of loans to assets, more growth, and better performance were more likely to have adopted new technologies to serve their communities. Loan originations will take a hit if the bankers working on small business loans aren’t properly equipped.

Dashboards 52

Dashboards Credit and Collections Small Businesses 52

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.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

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?

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Credibly

APRIL 13, 2023

Women entrepreneurs like yourself are likely assessing government loans for small business for women, as well as grants and other options. In this article, we explore a couple financing sources other female entrepreneurs have found helpful, including government-issued small business loans for women and small business grants for women.

Small Businesses 40

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Credibly

APRIL 13, 2023

Women entrepreneurs like yourself are likely assessing government loans for small business for women, as well as grants and other options. In this article, we explore a couple financing sources other female entrepreneurs have found helpful, including government-issued small business loans for women and small business grants for women.

Small Businesses 40

Small Businesses Credit Scoring Default 40

Fundera

JUNE 2, 2020

Millions of small business owners have taken out Paycheck Protection Program loans in order to keep their staff on payroll, pay pressing expenses, and stay afloat. If taking out a PPP loan was the first time you considered government-backed financing, you may be interested in seeing what other SBA loans are available going forward. .

Small Businesses 79

Small Businesses 79

Fundera

APRIL 13, 2017

On the hunt for business loans ? If you’ve shopped your financing options around a bit, then you’ve probably heard this before: “SBA loans are the best financing products available to small business owners.”. SBA loans are fantastic small business loans because they’re so affordable.

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Nonprofit Organizations Small Businesses 58

Fundera

JANUARY 20, 2019

Live Oak Bank: Best for government-guaranteed SBA loans. Santander Bank: Best for businesses that import or export products. TD Bank: Best for commercial real estate loans. We’re willing to bet that, at some point in your small business’s lifetime, you’ll need to take out a small business loan to finance its growth.

Small Businesses 92

Small Businesses Credit Unions Transactions Credit Scoring 92

Fundera

SEPTEMBER 13, 2016

If you’re a small business owner on the hunt for business loans , you probably know the deal with traditional banks: big banks just don’t lend to small businesses. Today, only about 20% of small business owners who apply for bank loans are approved. Use this insider guide to Chase small business loans to find out.

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Small Businesses Credit Scoring Credit and Collections Credit Card Payments 104

Fundera

MARCH 5, 2019

What’s the SBA Loan Timeline? The SBA loan timeline is about 60 to 90 days from initial application to release of funds. The exact timeline depends on the size of the loan, the length of the term, the purpose of the loan, and the experience of the lender. Overview of SBA Loans.

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Credit Scoring Small Businesses Default 75

Fundera

FEBRUARY 16, 2018

Small Business Administration loans are one of the most coveted business loans. With longer payback periods, higher borrowing limits, and lower interest rates, SBA loans are an ideal financing option for small businesses. Among them is the popular Capital One SBA Loan. First: What Is an SBA Loan?

Default 52

Default Small Businesses 52

Fundera

SEPTEMBER 13, 2016

If you’re a small business owner on the hunt for business loans , you probably know the deal with traditional banks: big banks just don’t lend to small businesses. Today, only about 20% of small business owners who apply for bank loans are approved. Use this insider guide to Chase small business loans to find out.

Small Businesses 92

Small Businesses Credit Scoring Credit and Collections Credit Card Payments 92

Fundera

MARCH 7, 2018

If you’re a longstanding customer of Regions Bank, for example, you might be considering the pros and cons of the Regions small business loan as a funding option for your business. Understanding How SBA Loans Work. Pros and Cons of the Regions Small Business Loan. Small Business Administration.

Small Businesses 52

Small Businesses Credit Scoring 52

Fundera

OCTOBER 26, 2016

In fact, there are so many different small business lenders out there that you might have written off bank loans all together. But that doesn’t mean it can’t help your small business out when you need a business loan. For the right borrower, US Bank small business loans might be the perfect fit. Are you that right borrower?

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Small Businesses Credit Scoring Credit and Collections Deductions 86

Fundera

APRIL 4, 2018

But if you need a small business loan , you might encounter a lender’s request for a business loan proposal. But writing a business loan proposal isn’t as arduous as the English term papers of your youth. A business loan proposal is the abbreviated version of the business’s financial and operational history.

Small Businesses 69

Small Businesses Credit Risk 69

Fundera

JULY 27, 2018

Through the US Small Business Administration’s loan programs, you might be able to snag an SBA hotel loan. So you can lock down the funding you need and dive back into all the other to dos on your new business list, here’s what you need to know about obtaining an SBA hotel loan for your business.

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Small Businesses Credit Scoring Default 49

Fundera

SEPTEMBER 27, 2016

Or you can try applying for a small business loan from an online lender or a traditional bank. They also offer different kinds of Capital One small business loans. Capital One Small Business Loans: What They Have to Offer. Capital One can give you the classic bank loans— lines of credit and term loans.

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Small Businesses Credit Scoring Default 97

Fundera

APRIL 20, 2018

If you’re a small business owner in search of financing, odds are that you’re hoping to get approved for a loan sooner rather than later. That makes sense—many business owners seek out a small business loan because of dwindling cash flow, or an obvious need for more working capital. How Long Is the SBA Loan Timeline?

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Credit Scoring Small Businesses Default 75

Fundera

NOVEMBER 9, 2016

But with signs that commercial banks are opening their credit to small business owners , now’s a great time to consider bank loans for your business. There are a few to consider , but today we’re looking at PNC small business loans. Is there a PNC small business loan that is exactly what your business needs? Time in Business.

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Small Businesses Credit and Collections Default Bankruptcy 82

Fundera

NOVEMBER 28, 2016

The Small Business Administration (also called the SBA) does a lot , and you’ll be a lot better off if you’re totally aware of every way they can help. Let’s take a quick walk through the colorful history of the Small Business Administration, starting way back, before the SBA as we know it even got started.

Small Businesses 102

Small Businesses Credit Scoring Cybersecurity Insurance Companies 102

Fundera

NOVEMBER 28, 2016

The Small Business Administration (also called the SBA) does a lot , and you’ll be a lot better off if you’re totally aware of every way they can help. Let’s take a quick walk through the colorful history of the Small Business Administration, starting way back, before the SBA as we know it even got started.

Small Businesses 102

Small Businesses Credit Scoring Cybersecurity Insurance Companies 102

Fundera

MAY 25, 2018

But what you might not know is that there are financial options, including specific retail business loans, to help you stay afloat. Finding the best retail business loans isn’t as easy as calling up your local bank and asking for them to drop by with a fistful of cash, though. Best Retail Business Loan for Flexible Use: SBA 7(a) Loan.

Credit Scoring 52

Credit Scoring Small Businesses 52

Credibly

JUNE 21, 2022

Obtaining a small business loan is often a critical step when starting and scaling a business. Simply by understanding the application process, having the right documentation available, and researching the best loan options available to your business, you can make obtaining a small business loan a much easier task.

Small Businesses 52

Small Businesses Credit Scoring Credit Unions Credit and Collections 52

Fundera

JUNE 4, 2018

But it’s an overwhelming one, which is why many business owners seek out small business loan assistance. If you’re brand new to business ownership, the business loan process might leave you feeling overwhelmed, with no idea where to start. Where Can You Find Small Business Loan Assistance? US Small Business Administration.

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Small Businesses Credit Scoring 80

Fundera

MARCH 23, 2018

No matter what stage your business is in, understanding your options for loans for business owners is always a good thing. When you haven’t been through the small business loan process before, you can easily feel smothered when looking through all of the financing options. Loans for Business Owners Who Need Long-Term Financing.

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Credit Scoring Small Businesses 73

Fundera

JANUARY 18, 2019

Debt financing is any type of business loan that a company uses to fund working capital, the purchase of specific assets, or other operations. If debt financing—or financing a business with a loan—is among the options you’re considering, you’ll want to master its ins and outs before making the decision. Bank loans.

Small Businesses 72

Small Businesses AR Aging Credit Scoring Deductions 72

Fundera

JUNE 5, 2019

With headquarters in Birmingham, Alabama, BBVA Compass provides financial products and services to consumers, small businesses, and commercial and CIB clients across Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. See Your Business Loan Options. An Overview of BBVA Compass Bank Business Loans.

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Credit Scoring Small Businesses Default 40