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4 Reasons Why Alternative Financing Is The New Preferred Option For SBOs. The financial landscape is constantly changing. For small businesses that are strapped for cash, keeping up with these fluid trends and developments can almost feel like a full time job. And, while you should never count out traditional financing methods, the reality is that many entrepreneurs and small business owners are turning to alternative financing in 2016.

Should you do the same? What is Alternative Financing? When most business owners think about financing and funding, they immediately assume that the process involves walking into their bank, answering a few questions, and signing some paperwork. Unfortunately, it’s not always this easy. If you’re a new business owner or someone who doesn’t look good on paper, then you’re going to find it nearly impossible to obtain a traditional business loan from a bank. You’ve been in business for less than two yearsYou have a credit score below 640You need less than 250,000 This is where alternative lenders come into play. 1. 4. Microloans. I'm A Small Merchant – What Will Apple Pay Cost For Me To Get Up And Running? | BluePay.

Overcoming Inertia: Getting Consumers to Switch Banks. Regulators Next Target? Lenders Digital Marketing Compliance. Marketing and advertising compliance have always been low-hanging fruit for regulators. After all, they get the same fliers in their mail at home and see the same television and newspaper ads that regular people do. Technology has unlocked a host of new options for how mortgage lenders solicit and generate customer leads. But with these new digital marketing channels comes a host of new compliance concerns. Long-standing regulations that dictate how lenders interact with borrowers have taken on new meaning in the age of robust customer-relationship management platforms, digital marketing and social media. And even though the legal framework hasn't kept up with the times, regulators haven't been shy about dropping the hammer on lenders for rules violations. Amerisave Mortgage Corp. was hit with a $20 million fine last year after the CFPB accused it of posting inaccurate and inconsistent interest rates in banner ads and rate tables shown on third-party websites.

Working Capital Loans - Advantages and Disadvantages - Why get a Working Capital Loan. Working capital loans are a great way for businesses like yours to generate capital and to start being laser focused on business growth. To get anywhere in the world of business, it is extremely important to have capital on hand to cover marketing costs, payroll, and any other financial expenses that occur within the daily operations of your business. Working capital is the money available to operate the immediate and short-term needs of your company. Your capital is often in the form of cash at bank or redeemable notes. And, many times a small business like yours might not have enough it. Although you may have been successful in the past in securing some form of business startup financing and establishing a sound customer base, on-going access to the working capital required to fund further growth can often become a stumbling block for many business owners at some point. Many small business owners may turn to their own personal resources to meet their businesses financial needs.

Quick! Working Capital Loans: The 8 Best Financing Options for Existing Businesses. Equipment Leasing Blog | Balboa Capital. Valentine’s Day is fast approaching, and that spells great news for restaurants, flower shops, candy stores, movie theaters and jewelers. The results of a recent survey conducted by the National Retail Federation (NRF) indicate that 55% of Americans will celebrate Valentine’s Day this year, and total spending for this popular holiday will reach $19.7 billion, which is an all-time high. If you own a small business in the retail, food or hospitality industry, this is a big weekend for you. This Balboa Capital small business blog article explains. Americans Spoil Loved Ones… and Small BusinessesIt’s business 101: Increased consumer spending in the weeks leading up to Valentine’s Day, and on Valentine’s Day itself, helps increase sales and drive profits for small businesses. Just where will the money be going this Valentine’s Day?

Are Big Retailers Losing Ground? As you can see, small business owners have every reason to love Valentine’s Day. Business Loans – What Lenders Look for and Tips for Winning Them Over. Securing small business financing can be challenging. Whether you are just starting out or looking to grow, banks and lending institutions can be rigorous in their lending review practices. For example, businesses with few assets to their name may find it hard to secure a traditional loan. Other business owners may not be able to provide the reassurance that lenders seek to alleviate their concerns that your business may fail and the loan won’t get repaid. So when you approach a lender, it’s just as important to understand the basis on which loans are made as it is to stack up your financials and business plan.

So what are lenders looking for in a potential loan applicant? Loan Applicants Need to Check off Several Boxes What are loan officers looking for when approached about a loan? Let’s face it, that’s a tricky list for any prospective or existing small business! How to Prove Your Creditworthiness Putting yourself in the lender’s shoes is a good starting point. Step Back and Prepare. How to Write a Business Plan Lenders Can't Shrug Off. Ah, the dreaded business plan. A frightful phrase for many, the very idea of having to write a business plan to apply for bank financing or equity crowdfunding can conjure up feelings of frustration or even dread! That’s why so many business owners put off their funding applications and procrastinate about completing their business plans, even when they know finishing the task is in their best interests.

But if you need a business bank loan to grow your retail or ecommerce business, then you can’t avoid the business plan. Fortunately, you can use an approach that’s productive, interesting, and even (dare I say it?) Fun, to develop a business plan that helps you apply for financing and becomes an important tool for guiding your company’s growth. The “Ideal Customer” Approach to Business Planning Gone are the days of the 80-page novella with reams of meaningless hockey stick graphs and business jargon. Who is my Ideal Customer? [Click to tweet] What to Include in Your Business Plan 1. 2.

A. B. 10 Things the Bank Will Ask When You Need a Business Loan. That bank loan you want for your company? Well, the bank is going to want a lot before they give it to you. Do you find this daunting? Me too. I was really disappointed when I needed my company’s first commercial bank loan to finance receivables of more than $1 million—from well-known distributors no less—and we ended up having to sign a lien on our family home to get the loan. We said, “Wait, we’re a corporation, why do we need personal guarantees?” They said, “If you don’t believe in your business, then we don’t either.”

We said “Wait, these are good receivables, you already checked the credit ratings of these distributors, why aren’t they enough?” They said, “If you don’t believe…(see above).” One of the first things overly-optimistic entrepreneurs discover as they look for funding is that banks don’t fund business plans. Listen to Peter and Jonathan discuss this article in our first episode of The Bcast:Click here to subscribe to The Bcast on iTunes » 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. What is peer to peer lending? Since writing the article about different ways to raise capital for your business, I’ve been getting more and more questions about what this whole “peer to peer lending” thing is and how you can use it to finance your startup or small business.

Considering that Prosper, the first peer to peer lending company, only launched in 2006, there’s good reason that you haven’t heard the term yet – it isn’t mainstream! But, LendingClub, the largest US p2p lending company out there, is now valued at upwards of $8 billion, meaning that it’s definitely something that you should be paying attention to. So – What is peer to peer lending?

Traditional Lending Model Most of us are familiar with bank loans, so let’s start there. When you get a loan from a bank, you are borrowing money from an institution with certain terms and conditions. Likely, there is some kind of collateral, should you default on the loan, to ensure that the principle will be paid back.

Well, not all of the funds. Weekly Success Tips. A guide to peer-to-peer lending. Are you searching for the best rate on your cash? One option is to sidestep the banks, and consider a peer-to-peer (P2P) lender. This way, you lend your money to borrowers via online companies such as Zopa, Ratesetter and Funding Circle, in return for a juicy rate on your savings. These websites can be considered a kind of broker, uniting lenders and borrowers in search of a good deal. Here we explain how P2P lending works, and the pros and cons. What is peer-to-peer lending?

Put simply, you lend cash to strangers in return for some interest. Using these sites you control how much you lend, and who to, along with how much interest you want in return. There will also be a fee to pay, so check the terms carefully before signing up to be a lender or borrower. What are the pros? You can often get a far higher rate through peer-to-leer lending that you can through a bank or building society.

These sites can also set fees relatively low. What are the cons? How do P2P lenders check their users? Understanding Peer to Peer Lending. 7 things small businesses should know about accepting mobile payments. While mobile payments are still not nearly as commonplace as Apple and other players may have hoped, they are becoming more popular. The majority of retailers offering mobile payments are big businesses, with roughly only 32% of small to medium-sized businesses (SMB) currently using them. But SMBs are always behind large enterprises when it comes to using technology, and for many small and local retailers it's just a matter of time — and consumer demand — before they get on board with the budding trend.

That time should be coming sooner than later considering the soaring growth trajectory of mobile in general, which pretty much nobody can argue. What's more, mobile payments make life a little easier for many customers who appreciate the security and convenience of the system. If you're looking to roll out mobile payments in your business, here's a list of must-knows. 1. 2. 3. 4. We're all well aware of the proliferation of smartphones, but not all smartphones can come with mobile wallets. Alternative Lending and the Changing Face of Small Business Financing. 40 Inexpensive Small Business Tools. Small Business Blog - Kabbage. ATM FAQ: frequent ATM questions answered. 9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those.

Our recommendation has always been to stick with a standard phone line. What Banks and Credit Unions Must Do to Find Sales Success. Here are 12 tips, predictions and critical insights that should shape your sales strategy in the months to come. By Jack Hubbard, Chairman and Chief Sales Officer at St. Meyer & Hubbard Nostradamus I am not. Heck, for the past 50 years I have predicted that the Chicago Cubs would win the World Series. But I am out talking with bankers every week, and through these conversations I’ve come across a few key themes that will drive success with sales in the next year. 1. Performance Cultures Replace Sales Cultures Banks migrate away from outmoded sales cultures focused on products, ticking boxes, and ceaseless campaigns. 2.

Forward thinking banks will adopt dynamic-yet-simply-understood sales processes that keep everyone focused and makes it easier to get new salespeople up to speed. 3. Sales incentives will be on the top of everyone’s minds in the C-Suite… and those top performers who usually get all the dough. 4. 5. 6. 7. Clients these days want something more from their banker. 8. 9. 10. ATM Management from Gateminder and 1st NC Bank. ATM's don't have to be just at banks anymore. Through our wholly-owned subsidiary, Gateminder Corporation, 1st Bank now offers complete ATM management services.

Remote ATM's are ideally suited for high-traffic commercial places like convenience stores, malls, college campuses, hospitals and gas stations. ATM's provide added convenience to your patrons and employees. Gateminder provides ATM management on a full turnkey basis. We provide: Equipment selection and installation.Transaction processing.Settlement services.Training, support and supplies.Full maintenance support.Equipment purchase or lease options. To learn more about Gateminder's ATM services, contact Account Executive Lance Lang at 330/385-9200. To view Gateminder's Website, please go to

Copyright 2006 1st National Community Bank. Inbound for Financial Services: Avoid ‘Boring’ Content and Jargon. Financial services and insurance companies have an important message to share. One that personally impacts their target customers’ businesses, lives, and even their descendants’ lives in the future. But how do they go about communicating their messages to generate leads for their own firms? How do you get the right message to the right person, at the right time, in a way that resonates and fosters trust in your company? I totally understand the challenge. I spent the better part of a decade at a large financial services firm communicating about retirement plans, specifically Employee Stock Ownership Plans (ESOPs). I developed communication plans for many companies who were going through a time of change by implementing an ESOP, and also companies who had their ESOP for a while, but were looking to increase employee understanding, engagement and drive “ownership behaviors.” 1.

Every good inbound marketing plan starts with a strategy that acts as the roadmap for content creation. 2. 3. Why Protecting Your Small Business Against Cyber Attack Is Crucial. Small business owners who don't prioritise the online security of their business risk becoming one of the 60 percent that close down within six months of a cyber attack. Research commissioned as part of last week’s Stay Smart Online initiative shows that only 2 percent of Australia's two million small business owners see the online security of their business as a priority -- and cyber criminals are cashing in. The Australian Cyber Security Centre last year responded to 11,073 cyber security incidents affecting Australian businesses, and that figure is rising. One small business that did not survive a devastating cyber attack was domain registrar, Distribute It, which was targeted by a hacker in 2011. The Melbourne-based business had been built up over 10 years by brothers Alex and Carl Woerndle and at the time of the attack, managed almost 10 percent of domain names ending in and had 30,000 hosting clients.

“When I see these stats I’m never surprised,” he said. Untitled. Corporate Account Take Over (CATO) - Legacy Bank. 2015 FHA Loan Update - Rates, Requirements, Changes and More. 5 Smart Steps To Getting an FHA Home Loan. The 6 Steps of a VA Loan Approval. VA Loan Forms. Glossary of VA Loan and Mortgage Terms from Veterans United Home Loans. VA busts four home loan myths that hurt Veteran homebuyers. 6 Standard Falsehoods Said About FHA Mortgages & FHA Mortgage Rates.

F.H.A. Loans More Affordable. 5 VA Loan Myths Dispelled. Shattering 4 myths about VA loans. The VA Loan Process - Veterans United Home Loans. VA Loan Closing Time - How Long Does It Take? CRST Dedicated Services | Contact. Google. FHA Loans – Part 2: Is an FHA Loan Right for Me? FHA Loans - 7 Crucial Facts About FHA Loans.

What is an FHA Loan | FHA Loan Requirements | LendingTree. What Are the Benefits of an FHA Loan? Pros And Cons of a North Carolina VA Loan - Carolina Home Mortgage. CFPB Nails Mortgage Lender for Misleading Advertising of FHA, VA Loans | Reverse Mortgage Daily. Mortgage Rate Forecasts For May 2015 (FHA, VA, USDA & Conv) VA Funding Fee - Are You Eligible for a Refund? Want to Get a VA Loan? Here are Five Things to Know. D.M. area home sales jump 19 percent. Millennials on the Homeownership Path. New FHA Mortgage Insurance Premium (MIP) Policy, Reviewed-In-Full. FHA Down Payment Gifts from Family: Update on 2015 Rules, Requirements. Va Loans - mortgage. 5 Steps to Getting a VA Loan. Federal Benefits. Low VA Rates reports over $600 million of funded loans in 2014; is there a new kid on the block?

What is the difference between a conventional, FHA, and VA loan? Regulatory Compliance. VA Home Loan Requirements | Veterans United Home Loans. VA Loan | Available With a Fixed or Adjustable Rate | Quicken Loans. How to Get Pre-Approved for a Mortgage Home Loan. Could an FHA Loan Keep You From Your Dream Home? 3 Myths About FHA Loans Condominium Associations Must KnowReadySetLoan | ReadySetLoan. Ellie_Mae_OIR_OCTOBER2014.pdf. Shattering 4 myths about VA loans. What Are the FHA Mortgage Underwriting Requirements? Lessons Learned About VA Loans | ZING Blog. Iowa Finance Authority Announces Launch of 2015 First-Time Home Buyer Tax Credit | Mix 107.3 KIOW. Mortgage lending continues seismic shift from large banks to nonbanks | 2015-04-01. Hall Lending Group - Iowa FHA Loans. FHA Home Loans Iowa. VA Loan Limits in IOWA. Facebook.