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Articles posted by Josh Hart

JUN
09
0

You're a small business owner. You work hard, take care of your customers and do everything the right way. But sometimes that just is not enough. You need working capital to buy inventory, expand your facilities, hire more employees or market for new customers. But where can you turn. Traditionally banks supply the credit individuals and businesses need. Interest rates are very low, and the loan can be paid back in manageable installments over periods of years. It's a very attractive option IF your business qualifies. But . . .
JUN
01
0

Most messages these days are shared with the world via the internet. Between Facebook statuses and tweets, Instagram images and LinkedIn updates, everyone looks to the web to share and receive information. Options have morphed over time, and fads come and go. As a small business owner, it's tough to keep on top of them all. You don't want to jump on a train, only to find out it's going the wrong direction.
MAY
28
0

Change is inevitable. It will be so for the youthful industry of alternative lending. But those involved--from lenders to borrowers and the businesses in between--have been watching and waiting. It's like a collective breath is being held as lawmakers review the need for regulations. American Banker predicts a bumpy regulatory road for the alternative lending industry, although no particular legislators, or even the Consumer Financial Protection Bureau, are championing stricter regulations at this point. In fact, high profile supporters of the nonbank industry, including Karen Mills, the SBAs former administrator from 2009 to 2013, credits nonbank lenders with funding small business when banks simply can't. She said, "It costs as much to underwrite a $150,000 loan as it does to write a $1 million loan." And many small businesses are looking for even less.


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