Category: Reviews

The easiest way to run a B2B business is to require an upfront payment from all customers. In today’s environment, however, this is often not realistic. Customers who do not pay upfront request 30 or more days to repay their outstanding bills, upsetting their vendors ability to sustain and grow their business. This can turn a profitable, growing business into a slow, ticking time bomb of cash flow emergencies. That’s the reason for a number of inventive invoice, or accounts… Read More

If your business needs an influx of cash before the end of the month, or if you’ve already been denied by a bank, an online term loan can be your next best option. Funding Circle and StreetShares are two such online lenders that provide loans to small businesses at reasonable interest rates. Both sites claim their qualification process takes 10 minutes to complete, and the money reaches your bank account within 2 weeks — in the case of StreetShares, you… Read More

  The SBA has lent over $18.75 billion through its 7(a) program this year alone. $18.75B — all through preferred lenders across the U.S., all to small business owners, and all at a very reasonable interest rates. So how can you get your hands on some of that low-cost cash for your business? There are a number of factors to consider before applying for an SBA loan, including whether or not your business can qualify and with which providers. Here… Read More

Bond Street, a business lender which made its first loan a year ago recently closed $110M of financing from Spark Capital and Jefferies. From the first look, they are an online term loan lender just like FundingCircle or Dealstruck. We decided to do a deep dive on their application. Here is what we found. Rates & Fees & Requirements Their APRs are between 8-25% for loans that will be repaid in 1-3 years. The basic requirements are 2 years in… Read More

The Offer We obtained the copy of an offer from OnDeck Capital from a business owner. The offer looks a bit different compared to a year ago. Instead of quoting interest rate, it quotes by "cents on the dollar" as shown below.     This particular business has millions of annual revenue and is profitable, so he was able to secure a $200,000 loan from OnDeck. An image is worth a thousand words — the following is the APR he… Read More