Category: Business Financing

Life After Loan Denial: What to Do after You’ve Been Denied a Loan

Life After Loan Denial: What to Do after You’ve Been Denied a Loan

When you’re counting on a loan to get your business off the ground or into the next stages of development, loan denial can be devastating. Starting and running a business is stressful enough, and for many, this setback may seem like the end of the road.  While a loan denial is not a desirable course of progress, it’s not the end of business as you know it. With a little leg work and some diligent research, you’ll be able to… Read More
Lending Club vs. Prosper: Prequalify for a Business Loan in Minutes

Lending Club vs. Prosper: Prequalify for a Business Loan in Minutes

Lending Club and Prosper are two giants in the consumer lending space, thus they are often overlooked by business owners considering different financing options. However there’s good news for small business owners about these lenders: both Prosper and Lending Club offer loans for business in addition to their personal loan products. Lending Club and Prosper loans for small business are offered at reasonable interest rates with attractive repayment terms. You can prequalify for a loan from either of these lenders… Read More
Banks vs. Alternative Lenders: Who Is Winning the Battle?

Banks vs. Alternative Lenders: Who Is Winning the Battle?

The Brave 100: The Battle for Supremacy in Small Business Lending, a recent report by Frank Rotman at QED Investors, and Peter Carroll and Jonathan Liu at Oliver Wyman, pits fintech start-up and alternative lenders like OnDeck, Lending Club and Fundera (the Brave 100) as David’s battling the Goliaths of the SMB lending world: the large banks. They point out that in the battle to acquire small business borrowers, banks have a significant advantage in their favor, namely that many… Read More
Nav acquires Fundastic, bolstering your access to financing tools

Nav acquires Fundastic, bolstering your access to financing tools

  Nav, formerly Creditera, is pleased to announce that we have acquired Fundastic, one of the web’s most valuable, objective resources for business owners to explore their financing options. The Fundastic acquisition is a key component of Nav’s mission to make it easier for businesses to manage their credit and financial health. Fundastic’s mission was to serve as an objective and transparent resource for business owners to learn about funding options. The information formerly available through Fundastic and now available… Read More
The Best Time to Get Business Financing is When You Don’t Need It

The Best Time to Get Business Financing is When You Don’t Need It

Whether you're an established player or just starting out, your small business needs a steady stream of funds to stand any chance of success. Expanding into new markets, hiring more employees, or debuting a new product line can require additional capital. Small business financing can also help you ride out short-term market fluctuations. While you might not feel the need for extra capital now, the best time to secure business financing is when you don't need it. Make sure you're… Read More
RapidAdvance and LiftForward: A Variety of Loan Products for Small Business Owners

RapidAdvance and LiftForward: A Variety of Loan Products for Small Business Owners

RapidAdvance and LiftForward are two lenders that offer a variety of lending products for business owners. For the large majority of people who are not well versed in the 40+ types of business financing, these products may seem confusing. If you are considering a loan from RapidAdvance or LiftForward, check below to find out what to expect from each of these loan products. RapidAdvance RapidAdvance offers 5 loan products — in a rough order from least to most expensive, they… Read More