Tag: alternative lending

Small business owners are more optimistic about obtaining funding these days. In The Hartford’s 2014 Small Business Success Study, 46 percent believe that it is either “only slightly or not at all difficult” to secure a loan or other financing for their company, a 39 percent jump from just two years earlier. Yet even though more entrepreneurs feel it is easy enough to get funding, more (36 percent) are choosing to use their own personal funds to keep their firms going. Younger business operators […]

So-called alternative lenders in the small business lending market have been growing exponentially since the financial crash, filling a gap in available credit when traditional lenders cut back on business loans. Yet these alternative lenders often make loans with annual percentage rates (APRs) as high as 135 percent. How could a loan with that much interest actually benefit a small business? Here’s a few reasons why an alternative loan might sometimes make sense: Limited Time Bank loans can […]