A short term business bridge loan is a non-bankable business loan, it is a line of credit starting from a three to 24 month term. Always review the terms and interest rate on your short term bridge loan. You should always plan to have an exit strategy of your non-bankable business loan. The strategies should […]
Business Loan
Can an Alternative Business Loan Help My Credit or Hurt My Credit?
An alternative business loan provides you the temporary cash flow you need for your business, it is not recommended to carry an alternative business loan long term because of a slight higher interest rate compared to a conforming business loan. You are probably seeking a short term alternative business loan for renovation, new inventory, working […]
Some FAQs and Answers about Alternative Business Loans
Q. What types of loan programs are considered as alternative business lending? A. The most common type of alternative business lending is a micro business loan, some finance amounts are less than $100,000 or up to $450,000, with amortization schedules up to 24 months. Q. Is alternative business lending for bad credit applicants? A. Most […]
3 Alternative Business Loans Basics
You have been turned down by your local bank, what are you going to do? First off, get a copy of your three merge credit report, you can order one without a credit inquiry penalty at Experian or MyFico. Before you contact any one, consider the three simple alternative business loans basics: 1. Check Your […]
Alternative Business Financing for Your Business
Micro Loans Micro loans are fast and easy; it’s a simple way to get quick cash for your business, loan amounts range from $20,000- $450,000. Micro loans are: Merchant Cash Advance Cash Flow Loan Inventory Loans Small Business Expansion Loan Micro Loans are ideal for quick short term cash for your business without hurting […]
Got the Business Loan Blues? Non Bankable Loans Here
It’s a challenge to be a business owner with our current economic climate. What’s even more challenging is obtaining a business loan with today’s lending restrictions. As a business owner, there is nothing wrong of going “outside the box” to get your business loan, especially when you have been turned down by your local bank. […]