Charge cardholders utilize credit cards to meet payments for unexpected financial situations and to fund cash flow requirements. Business owners also seek out business lines of credit specifically underwritten to meet the needs of a business; start-up or otherwise. However, the reasons for credit utilization vary. For example, the use of credit cards with high limits...
Real estate is a lucrative investment that can turn your fortunes. The asset values for your properties have low depreciation compared to investing in other sectors. In addition, the returns are plentiful. The payback period for a well-managed property ranges between seven to ten years. This means after that, that asset becomes an eternal revenue-generating source.
What is Debt Consolidation? Debts can accumulate as a result of sustained debt financing. Continued borrowing can raise your debt-to-income ratio. A high interest rate on existing debt means the credit situation for a company will continue ballooning if not alleviated. Such a case may lead to bad credit. To avoid such a financial situation,...
There are a few different types of debt financing that small business owners can apply for online. Before you apply for debt financing online, you should understand what your financing options are and how to get approved for them. In this blog I’ll discuss a few different types of small business debt financing to help improve your understanding of what may be available to you (and what will work best for your business).
A community bank is often created to help fuel economic activity in designated areas. This can help small business startups in several ways. For example, the government established the “Small Business Lending Fund” as a result of the Small Business Jobs Act of 2010. The Small Business Lending Fund provides qualified community banks with loans...
What is micro venture capital? If you’re in the market for funding for your Palo Alto tech company, you’ve likely heard the term “micro venture capital.” If not, it’s important that you know exactly what it is and why it may be your best funding option at this stage in the game. Micro venture capital...
Before you seek asset-based lending, it’s important to know what’s required so you’ll have a better chance of getting approved. It’s also important to understand how asset-based lending works. It will help you determine whether it’s right for your small business. In short, asset-based lending is suitable financing solution for small, mid-sized, and large businesses...
A credit card is a popular tool for financing a startup business. According to the U.S. Small Business Administration, Office of Advocacy, a credit card is a top source of capital for startups. This is why it’s important to understand how to get credit approval and use credit cards the right way. Currently, a credit card may be the only option you have for funding your startup business. Educating yourself on credit approval and the proper use of a credit card can help you get the most out of using it to fund your business. In this blog, I focus on educating you on those two things– credit approval and credit card usage.
An angel investor is usually sought after by a high growth startup company in need of early stage financing. Early stage financing is also provided to a startup company by a venture capitalist. However, venture capital is better suited for startup companies that need at least $2 million (or more). In fact, a venture capitalist prefers to...
Hey guys Sean Mory joining you for another session of LenCred Credit Geek Q&A.Today we are talking about something specific to Dustin Weitzell and I. This topic kind of hits a soft spot for me and my credit nerd emotions. The biggest issue we see on a regular basis. Dustin, you start please this...
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