News & Tips

Your First Commercial Lease

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Commercial Lease | LoanNEXUS

Source: Business News Daily

Negotiating your first lease for office or retail space can be intimidating for new business owners. Here’s how to make the process go smoothly.
– A commercial lease should include the lease term and type, rent amount, security deposit details, permitted use clauses, exclusive use clauses, and details about maintenance and renovations.
– The most important thing you should do before you sign a commercial lease is to learn the language in it.
– Consider seeking out professional advice before you sign a commercial lease.
 

This article is for first-time commercial lease signers or lessees who want tips about what to look for in a commercial lease.

Read the full article: https://www.businessnewsdaily.com/7619-negotiate-commercial-lease.html

September 18, 2021 |

Finitive Launches Alternative Lending Investment Platform

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Source: ABL Advisor

Finitive LLC, a financial technology platform providing institutional investors with direct access to alternative lending investments, announced the launch of its zero-fee platform.

Finitive, which commenced operations in August 2017, has received commitments for transactions with an aggregate capacity of $1.3 billion. Several asset managers and banks have committed capital for transactions in the consumer, renewable energy and commercial real estate lending sectors.

Please click here to read the rest of the article

May 22, 2018 |

6 Ways to Boost Your Credit Score — Fast

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Source: Yahoo Finance

Is your credit score in the doldrums? If you’re in the market for a loan, you need your score to rise – fast.

Good news: You may indeed be able to give your score a quick lift, depending on why it’s sagging in the first place. A large amount of credit card debt, for example, may be more easily and speedily resolved than an account that’s in default.

Here are six ways to elevate your credit score, from those that can produce fast results to ones that require a slow and steady approach. Take a look.

Click here to read the full article

June 4, 2019 |

Strapped for Cash? Three Modern Ways To Take Out A Small Business Loan

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Source: Entrepreneur

Small businesses can often find themselves strapped for cash. When payroll is due, and accounts receivables are still high, cash is king. Even the most successful small business is susceptible to this type of crunch.

As a four time venture-backed entrepreneur from the Silicon Valley, who has raised a total of $18 million for my tech startups, I’d like to offer some advice to early-stage entrepreneurs in hopes to shed light on alternative avenues to raising money.

Consider diversifying your fundraising strategy by adding non-conventional fundraising options. These days, there are several options for entrepreneurs. Technology and finance are combining to provide creative solutions to help business owners push through monthly bills without the normal headaches.

The reality is new innovative options exist beyond banks for entrepreneurs looking to leverage their strengths while reflecting their modern know-how. Also, the more entrepreneurs diversify financing independence early on, the more power they gain to shape the dynamics with their board later on.

Click here to read the full article

May 12, 2019 |

13 Ways to Grow Your Business Quickly

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Business News Daily | LoanNEXUS

Source: Business News Daily

There’s no surefire formula for instant success, but you can boost your business’s growth with these tips from startup founders.

– Growing a business may take time, but there are a few things you can do to scale your company more quickly.

– Calculating the growth rates of various metrics and then comparing them to one another gives you a more complete picture of your business’s trajectory.

– While there is no way to guarantee success, implementing these tips can put your business in the best position to succeed and grow.

This article is for entrepreneurs who want to measure their business’s growth while continuing the success of their company as it scales.

Click here to read the full article

February 26, 2023 |

Popular Types of Small Business Financing

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smallbusinessblog | LoanNEXUS

Source: LoanNEXUS

There are different types of financing for small businesses, depending on their needs, qualifications and preferences. According to the Library of Congress, financing for small business can be classified into two main categories: equity financing and debt financing. Equity financing is funding given in exchange for partial ownership and future profits, while debt financing is money that must be repaid, usually with interest.

Some of the most common types of debt financing for small businesses are:

Term loans: These are loans that are repaid in regular installments over a fixed period of time. Term loans can be obtained from banks, credit unions or online lenders, and can have low interest rates and competitive terms for well-qualified borrowers.

SBA loans: These are loans that are guaranteed by the U.S. Small Business Administration (SBA), which reduces the risk for lenders and makes it easier for small businesses to access capital. SBA loans can be used for various purposes, such as working capital, expansion, equipment or real estate. SBA loans have low interest rates and long repayment terms, but they also have strict eligibility requirements and a lengthy application process.

Click here to read the full article

May 28, 2023 |

The financial outlook for the Hispanic small business community in 2021

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Source: CNBC

Often hailed for higher-than-average rates of entrepreneurialism and new business formation, the Latino community has been struck particularly hard by the Covid-19 crisis.

The Stanford Latino Entrepreneurship Initiative reported in May that 86% of Latino business owners had felt immediate negative impacts from Covid, a rate higher than other ethnic groups. Help was also harder to come by for Latino business owners, who had less cash on hand when requesting Covid assistance in the form of PPP loans, and were only half as likely as their White counterparts to receive the federal loans.

Still, the pandemic tells only half the tale of where Hispanic businesses stand today, because prior to the crisis, Latino entrepreneurs were making great strides — increasing their funding, improving their credit, and their revenue growth. That means that there is underlying strength in the Latino business community that can help in their emergence from the ravages of Covid-19.

Click here to read the full article

December 12, 2020 |

3 Cash Flow Mistakes to Avoid at All Costs

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LoanNEXUS | Entrepreneur.com

Source: Entrepreneur Partner Studio Staff

The long-term success of a business hinges on more money coming in than going out. Follow these tips to help make sure your business stays in the black.

As a business grows, so does the list of responsibilities on an entrepreneur’s list. Letting cash-flow management slip to the bottom of that list can spell disaster for small businesses.

Having a solid cash-flow management strategy is crucial to keeping your business’s growth and financials on track, but sometimes it can be difficult to identify problem areas before they can affect that strategy. Here are three common cash-flow mistakes for small-business owners to avoid so that they can keep growth at the forefront of their operations.

Click here to read the full article

November 22, 2022 |

Seek Capital Partners with Small Business Funding Platform Lendza to Help Startup Businesses

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Source: Cision PRWeb

Seek Capital is the leading company for startup business funding in the United States. Lendza is a funding request service that matches small business owners seeking capital with a suitable lender. Today, the two companies are proud to announce a new partnership where Lendza will start connecting small business owners looking for startup business loans with Seek Capital.

Click here to read the full article

May 27, 2018 |

Personal Loan or Car Loan: Which Should You Get?

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Source: The ascent from The Motley Fool

Car loans and personal loans are both term loans, but there are important differences. Find out about car loans vs. personal loans here.

There are lots of different ways to borrow money for big purchases. And for many of us, one of our biggest purchases is a vehicle. If you’re buying a car, you may need to decide whether you should do so using a personal loan or a car loan. While car loans and personal loans have some similarities, there are also important differences between them.

Click here to read the full article

August 12, 2019 |
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