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When it comes to starting a business, there’s no clear path to success. If there was, everyone would be doing it, right? And though it’s painful to admit, failure is often the stepping stone to success. How many times do babies fall before they learn to walk? How many belly flops do Olympic divers endure …
Continue reading “Successful Failures – Lessons for Every Entrepreneur”
Established in 2008, Live Oak Bank is an FDIC-insured bank headquartered in Wilmington, North Carolina. The bank has nearly 500 full-time employees and has provided more than $2 billion in loans and/or leases since it opened. Live Oak Bank generally provides SBA loans to qualified small businesses.
Founded in 1996 and headquartered in Charlotte, North Carolina, LendingTree is not an alternative lender, per se. What LendingTree does is connect potential borrowers with one of their lending partners. While LendingTree is a well-known name in and of itself, many of its partners are also known entities in the alternative lending space.
If you or your business doesn’t have at least a mediocre credit score (read: higher than 580), you may have a hard time getting a loan for yourself or your business. Either lenders won’t want to lend to you, or they may be willing to cover their risk by offering high interest rates or shorter loan …
Continue reading “Credit Builder Loans- What They Are & How They Work”
There are many different reasons that a business could need an immediate influx of cash. Hopefully, in your case it will be one of the good ones, like a fantastic opportunity for expansion, a large order that you need a new machine in order to fill, or something like that. Unfortunately, sometimes the need for …
Continue reading “6 Ways to Find Fast Cash for Your Business”
Located in California and founded in 2013, LoanMe’s goal is to provide otherwise ineligible borrowers an opportunity to meet their company’s financing needs. LoanMe states that they can provide loans for a variety of business-related needs, including expansion, payroll, invoices, inventory and equipment, start-up costs and as a bridge loan.
It’s a sad reality that many small business owners who are strapped for cash find themselves without a way to really get the funding they need. In many cases, if a company’s credit score or the owner’s personal credit score isn’t excellent, traditional lenders won’t even want to talk to them.
Your business name is the most immediate and enduring advertisement for your business. It will become, in time, the marker of your business’s success, as satisfied customers recognize it and speak about it to others. In this way, it is gold standard currency, priceless if it is passed around and spoken of in positive terms. …
Continue reading “Ideas for Choosing a Great Small Business Name”
