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BIZLENDER BLOG


JUL
23
0

It's the question that experts, lenders, small businesses, and industry reporters like Bob Coleman of the Coleman Report are asking once again during the AltLend Summit 2015 Conference in New York City this week, organized by Financial Research Associates. The industry, in an unyielding effort to grow in size, transparency, fairness, profitability and authenticity, has been focusing on topics such as current trends, interests and concerns of investors, improving underwriting models through better data collection and of course, regulation. Eyes are on the Consumer Financial Protection Bureau (CFPB) as they continue to consider how they work with agencies to collect data on small business borrowing. Earlier this month Senate Democrats, led by New Jersey's Cory Booker, explained in a letter that the lack of public data makes it difficult to monitor the industry and gauge whether or not fair lending laws are being followed and enforced.
JUL
21
0

Headlines about peer-to-peer lending seem to be changing, specifically zeroing in on crowdfunding, the practice of funding a project or venture by raising small amounts of money from a large number of people. Accomplished, for the most part, online, experts have nodded toward the practice as a potential bubble industry that could burst. New crowdfunding platforms offer no base capital and no guarantees, leaving smaller investors at risk, says David Postings, Chief Executive of Britain's Bibby Financial services. Britain reports an all-time high through the Peer-to-Peer Finance Association at a total of £3.15 billion, a rough equivalent of $4.9 billion U.S. dollars. Britain, as well as other global economies, were affected by the 2008 financial crash, and Postings looks at similarities in the current peer-to-peer landscape that he says are reminiscent of 2006/7. Too high a supply of new funds indicates a "potential overheating in small business world," notes Postings. "I don't sense it just yet, but there is a possibility of that."
JUL
09
0

School teaches you how to learn, but the 'school of hard knocks' will test all you learn. For all of the programs on entrepreneurship at respected colleges and universities, including this 2015 list of top 25 colleges for entrepreneurship, experts agree that truly learning the ropes of small business start-up requires real life experience beyond the balance sheet. Academics will give you tools, a process, and will teach you how to learn, but applying those concepts takes more than a course syllabus. These practical tips to work into your start-up idea may help keep your planning focused, and your balance sheets in the black.
JUL
07
0

Throwback Thursday is a trending online activity aimed at remembering the "good old days." Old family photos, school pictures, memories of all sorts come surging forward each Thursday on social media. Instead of looking ahead at the next big thing, Pymnts.com threw back a look at the beginnings of online marketplaces. They brought to mind easier times, before cyber attacks, data breaches, app glitches and security compromises. Before smart phones and apps. Before e-commerce was an kingdom of it own. Screen captures of three of the biggest online marketplaces make us all stop and say, "oh yeah. I remember that...however vaguely."
JUN
29
0

The financial snapshot of a small business usually reveals no deep pockets, no angel investor hovering in the corner, waiting to help out. Running a small business is the simple tug-of-war between passion to be the one in charge; to create a product or expertly deliver a service; to offer knowledge or skill to the benefit of paying clients without micromanagement of a boss. To do things on your terms. The passion must outweigh the obstacles for the venture to succeed. What obstacles do most small business operators face?


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