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Business Lenders

Canada Ripens for Online Small Business Loans

The alternative lending landscape is a greenfield opportunity for small business lenders. Big banks tend to keep their powder dry for larger companies with established track records in longevity and paying back what’s owed. Smaller companies have a real need for cash, and especially working capital. PYMNTS spoke with Troy Wright, founder and chief executive […]

Hires and promotions, Week of Oct. 7

oVermont Federal Credit Union has hired two new employees, Kevin DeCausemacker and Penny Overton, as business lenders. DeCausemacker most recently worked at Vermont Economic Development Authority as a commercial credit analyst. He will be based at the Burlington branch. Overton most recently worked as a business banker at People’s United Bank. She will work in […]

Best Alternative Small Business Loans – 2015

Best Lines of Credit: Kabbage Kabbage specializes in small business lines of credit of between $2,000 and $100,000. Each time you draw against your line of credit, you have six months to pay it off. Instead of paying interest, however, you pay fees of between 1 and 12 percent each month. To apply, fill out […]

SBA 504 loans for dental practices: A case study and step-by-step guide

Dental practices like Dr. Martins are in a unique position to take advantage of SBA 504 loans, which frequently offer an advantageous fixed rate and low down payment. In this article, we’ll learn more about Dr. Martin’s practice, look at his experience with the SBA 504 loan, and go through a step-by-step guide for securing […]

Borrow or Fundraise? How to Fund Your Startup

Fundraising Options: investor capital, crowdfunding (equity or consumer-based) Pros Finding an investor could be a better strategic move to help you grow your business, DesMarteau said. Investors often bring more to the table than just capital; they may have business connections, manufacturing capabilities, distribution expertise, etc. that you wouldnt have access to through other means. […]

Cost-Conscious Banks Have Little Interest in Small-Dollar Loans

Benign Neglect? Had they wanted to do so, banks might have competed payday lenders out of business a decade ago, says Dennis Shaul, the CEO of the Community Financial Services Association of America.

P2Binvestor helps bank the Unbankable Small Middle Market companies

Lets face it, if you are a small Mom amp; Pop business and you need a new pizza oven or a new washing machine for your business, where can you find $20K quickly? There are now many sources for small business lending OnDeck, LendingClub, Prosper, Funding Circle and many online merchant cash advance platforms as […]

How to Build Business Credit With Small-Business Loans

As you grow your business from a fledgling startup to an established enterprise, it’s important to build business credit. Entrepreneurs have traditionally done this by using business credit cards, but taking out online small-business loans can also do the trick. They’re more expensive than traditional loans, but they can still be a steppingstone to bank […]

BBVA Compass taps Kirk Pressley as its next chief financial officer

Pressley currently serves as corporate controller for BBVA Compass, a role hes held since 2003. He leads the banks accounting unit, its US Securities and Exchange Commission reporting, other regulatory filings and Sarbanes-Oxley Act compliance. Kirk has been a key part of our success, but more importantly he will be a key part of our […]

Woman gets up to 6 years in fraud scheme

Yerdon told Salem Superior Court Judge Timothy Feeley that she’s worked in the temporary staffing business since she was 20. “That’s the only thing I’ve done for 27 years,” she said during the hearing.  But for the last five years, prosecutor Phil Mallard said, and Yerdon admitted, she was really only pretending to operate temporary […]

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