Showing posts with label business loans. Show all posts
Showing posts with label business loans. Show all posts

Dec 7, 2018

4 Places to apply for a business loan online

Applying for a small business loan can be a nerve-wrenching process. From determining how much to borrow, what to borrow money for, and who to borrow from, there are many decisions to be made that can determine your application decision, interest rates and terms, or the type of collateral necessary.

Luckily, today’s modern, online environment makes applying for a business loan easier than it has ever been. Most online lenders will get your application decisions back to you quickly – some even on the same day, some in as a little as a couple of hours. Most online applications include a simple online application, which reduces the burden of applying for small business loans.

In this article, we are going to cover 4 places to apply for a business loan online. With any underwriting product, you’ll want to make sure to do your diligence with each. We recommend looking at reviews online, checking the Better Business Bureau rankings, or do a simple web search to see what you can learn about different lenders. Each lender is going to put a different emphasis on credit history, collateral, and your business plans.

1. SMB Compass

SMB Compass is a fast-growing business financing company that puts emphasis on making funding available for small businesses. With a philosophy that small businesses are the be backbone of a strong economy, SMB aims to provide flexible and cost effective solutions for small business owners. SMB offers expertise in SBA lending, asset-based and equipment lending, and a variety of alternative financing products.

SMB has provided over $160 million to over a thousand U.S. small businesses. SMB has helped construction companies, restaurants and bars, salons and spas, retail stores, medical practices, auto shops and dealers, hotels, and many other kinds of businesses. Their approach focuses on turning clients into friends, and they are happy to serve the small business community to make funding readily available. Apply today at https://www.smbcompass.com/applynow/

2. OnDeck


OnDeck was founded in 2007 with the goal of providing capital to small businesses. Their philosophy was that lenders should evaluate actual business performance rather than only looking at personal credit. Since then, OnDeck has delivered over $10 billion to businesses across the globe.

With an A+ rating with the Better Business Bureau, and 9.8/10 ratings on TrustPilot, OnDeck provides a quick, easy online application to get you a funding decision in as little as 24 hours.

3. Kabbage
Kabbage was created in 2009 to provide small businesses quick funding online. Kabbage cites their technology platform, which uses a variety of business operations to understand business performance. Kabbage has provided over $5.6 billion in funding to small business owners.

With offices in Atlanta, Denver, San Francisco, New York, and Bangladore, Kabbage has collaborated with business owners all over the world to bring an international perspective to small business lending.

4. Fundera


Fundera has provided over $850 million to over 10,000 small businesses. Established in 2013, Fundera aims to be the ultimate go-to resource for small business owners. Fundera partners with different brands in business finance, technology and education to provide small business owners the tools and advice they need.

In addition to resources about different loan products and lenders, Fundera connects small business owners with lending specialists to explore options. Their experts will walk you through the application process and discuss which options are best fitted for your situation and business needs.

Sep 18, 2014

How Equipment Loans can help your Business Thrive

How Equipment Loans can help your Business Thrive
Image via gettyimages
Different companies enjoy common benefits from capital equipment. Machinery has direct and indirect effects on your bottom line. A new oven and forklift each make your business more productive. Meanwhile, interest and depreciation expense are tax write offs that indirectly improve business profits.

However, your business may not qualify for a general purpose loan to buy much needed equipment. Some obstacles include:

Jan 14, 2013

What Will Replace the Mining Boom?

As Australia reaches the end of its mining and resources boom the country faces a proverbial turning point in investment critics say the economy could be facing off against some particularly tough problems. The mining boom that lasted a decade, ranging from Western Australia’s Pilbara region to Queensland’s Gladstone has been pegged as the country’s economic saviour. It was so “safe” that it protected the economy throughout the global financial crisis. But now that times are changing an urgent substitute is required.

Dec 20, 2012

Some Tips On How To Finance Your Business Venture

One of the best things about being human is that you can make the choice to be involved in a business to increase your income. There is no limit as to the type of businesses you can be involved in and you are free to venture into any field provided you meet the requirements of the said field. In addition, you do not have to quit your regular job as you can always employ someone to handle your business for you. The most important thing that you have to consider is the capital for the venture.

Dec 8, 2012

Need A Investor? Here's How To Get One

If you expect investors to revel at your super cool business ideas that's not going to happen and you know that - the reason is simple; the economic recession many people have become jobless and since many of them have turned to businesses, the investors have become more choosy. You’d get the real picture if you visit a financial institution or a bank looking for funding for your business. You would definitely find people assuring you that they are going to approve loans for you, but no one knows for sure when that is exactly going to happen and if at all it is going to happen. So, the bottom line is - if you want to start a business you have to have money of your own! But, isn't there any other way out?