Lendio

DECEMBER 12, 2022

Yet a 2021 report from the Federal Reserve shows that, when businesses applied for financing, nearly 60% of applicants were either outright denied or able to borrow only a portion of the money they needed. . Yet it’s important to understand that smaller commercial loans aren’t always a good fit for large traditional lenders.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Credit Reporting Agencies 98

Lendio

MARCH 18, 2023

As a small business owner, there are many challenges you may face on a day-to-day basis. Accessing the funding your company needs to thrive shouldn’t be one of them. Nonetheless, a Federal Reserve study finds that around 40% of small businesses do not receive the full amount of funding they need when they apply for credit.

Small Businesses 72

Small Businesses Nonprofit Organizations Credit Unions 72

Lendio

JANUARY 9, 2023

Startup funding or startup capital is something that every new business needs to get off the ground. As an entrepreneur, however, the challenge is figuring out where to find the startup funding you need to launch your new business. On a positive note, there are many startup funding options available if you know where to look.

Credit Reporting Agencies 105

Credit Reporting Agencies Small Businesses Credit Scoring Default 105

Lendio

OCTOBER 12, 2023

From finance and insurance to mining to real estate, veterans are making an impact in every industry you can imagine. You go through so much in the military, but really what the military is teaching you is how to be resilient,” said Dawn Halfaker , founder and CEO of Halfaker and Associates. Where do your strengths lie?

Small Businesses 52

Small Businesses Nonprofit Organizations 52

Lendio

NOVEMBER 7, 2023

You can launch your own business from the ground up, you can partner with someone else, or you can even buy a small business outright. Buying a small business can create a unique stream of income and help you to launch your new career—you just need to know where to find them and how to invest.

Small Businesses 97

Small Businesses Credit and Collections Credit Scoring 97

Lendio

DECEMBER 7, 2023

If you’re considering purchasing commercial real estate , it’s worth exploring the option of a commercial real estate loan , also known as a commercial mortgage. This type of loan can be a valuable tool for small business owners looking to expand their operations or acquire additional property. Determine your goals.

Credit Scoring 52

Credit Scoring Credit Unions Small Businesses Default 52

Lendio

FEBRUARY 22, 2023

Small Business Administration (SBA) offers a variety of attractive loans to small businesses in the U.S. SBA Express loans are one popular loan option you might want to consider if you need no more than $500,000 in funding. What Is An SBA Express Loan?

Credit Unions 52

Credit Unions Credit Scoring Small Businesses 52

Abrigo

JANUARY 11, 2021

Plus what waiting lenders can do The latest round of the Paycheck Protection Program began with a head start for institutions aiding low-income areas. You might also like this whitepaper: "Beyond PPP: How Savvy Financial Institutions Can Propel Growth and Profitability with Technology" DOWNLOAD/WATCH. Access Timeline.

Credit Risk 78

Credit Risk Credit Unions Dashboards Small Businesses 78

Abrigo

APRIL 1, 2020

Key Takeaways E-Tran is the SBA's application portal Lenders have two options to access E-Tran. While significantly more efficient than mailing forms to the SBA, there are some shortfalls to E-Tran, and a vendor can help. A key part of applying for a loan is actually submitting a loan. learn more.

Credit Risk 78

Credit Risk Small Businesses 78

Lendio

OCTOBER 27, 2023

Starting a business can be a daunting task, especially if you lack the capital to get it off the ground. Finding the funding to start a business is one of the biggest hurdles you’ll face as a small business owner. Fortunately, there are plenty of funding options available to help you get started. Let’s dive in.

Credit Unions 52

Credit Unions Small Businesses Credit Scoring Transactions 52

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?

Default 52

Default Credit Unions Small Businesses 52

Lendio

DECEMBER 12, 2023

Are you a skilled mechanic looking to open your own auto repair shop? Or, maybe you’re passionate about cars and interested in starting a business in the automotive industry. To help you get started on the right foot, we’ve put together a comprehensive guide on how to start an auto repair shop.

Small Businesses 52

Small Businesses Transactions 52

The Red Spectrum

MAY 16, 2023

Small business loans can be a lifeline in such cases, providing the necessary funds to fuel growth and meet various business needs. Understanding Small Business Loans Small business loans are financial products designed specifically to support the funding needs of small and medium-sized enterprises (SMEs).

Small Businesses 55

Small Businesses Credit Scoring 55

Lendio

MAY 17, 2023

To discover how to become a franchise owner, read on for the five main steps you’ll need to complete to achieve success. What Qualifications Do I Need? Conduct Thorough Research The obvious first step to becoming a successful franchise owner is to do your research about potential franchise opportunities in your market.

Small Businesses 52

Small Businesses 52

Lendio

OCTOBER 11, 2023

When it comes to starting your own business, restaurants aren’t exactly the easiest choice. It will be a challenge, but as long as you come to the table fully prepared for success, the odds are in your favor. Here’s everything you need to know about starting a restaurant business. Be realistic about what you can afford.

Small Businesses 52

Small Businesses 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?

Small Businesses 80

Small Businesses Credit Scoring 80

Lendio

MAY 17, 2023

So, what is a franchise, and what are the best franchises to own ? What Is A Franchise? What Is A Franchise? The franchisor licenses trademarks, business processes, and other proprietary information to franchise owners. Franchising allows you to sell goods or services under the original brand’s name.

Default 52

Default Small Businesses 52

Fundera

OCTOBER 12, 2019

What many people don’t realize in the beginning is that starting a food business is no easy feat. Don’t worry, though: This step-by-step guide will walk you through how to start a food business and what you should consider when starting one. That’s a lesson you should learn quickly. Look for funding options.

Small Businesses 40

Small Businesses 40

Fundera

DECEMBER 15, 2015

Unless you count small business grants. Unlike loans, grants don’t need to be repaid, so there’s no worry over term length, interest rates, APR, or refinancing. You just need to qualify, and boom—free money. verified small business grants for you to check out, and we’ve categorized them 7 different ways.

Small Businesses 76

Small Businesses Nonprofit Organizations 76

Lendio

DECEMBER 13, 2023

Are you a small business owner looking for financing options? A business loan broker might be able to help. In this article, we’ll explain what a business loan broker is, the types of brokers available, and how they can help you find the financing you need to grow your business.

Small Businesses 98

Small Businesses 98

Lendio

NOVEMBER 8, 2023

Being unable to make payments on a business loan is not a new phenomenon. Read to better understand how a default on a business loan typically plays out and how it could affect you. Often, the terms ‘default’ and ‘delinquency’ are used interchangeably, but they represent two distinctly different stages of loan repayment trouble.

Default 52

Default Credit Scoring Credit and Collections Bankruptcy 52

Lendio

NOVEMBER 13, 2023

Whether you’re a seasoned professional in the construction arena or a committed entrepreneur interested in the industry, this guide is for you. We’ll walk you through the necessary steps, ensuring you understand the ins and outs of launching your own general contractor business. So what goes in your plan?

Credit and Collections 52

Credit and Collections Small Businesses Default 52

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Proposed Rule.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78

Fundera

JANUARY 26, 2017

Unless you count small business grants. Unlike business loans , grants don’t need to be repaid, so there’s no worry over term length, interest rates, APR, or refinancing. You just need to qualify, and boom—free money. verified small business grants for you to check out, and we’ve categorized them 7 different ways.

Small Businesses 102

Small Businesses Nonprofit Organizations 102

Abrigo

OCTOBER 6, 2020

Key Takeaways The SBA is now processing PPP loan forgiveness decisions and related payments. SBA has also released new guidance on borrowers selling or trying to sell their businesses. SBA processing forgiveness decisions, payments. This week marks eight weeks after the SBA’s PPP Forgiveness Platform opened on Aug.

Credit Risk 60

Credit Risk Transactions Small Businesses 60