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 |

In Georgia, Small Business Lending Is at an All-Time High

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Source: AP

ATLANTA (AP) — Lending for small businesses is at an all-time high in Georgia.

A recent report released by the Georgia Small Business Administration shows that $1.41 billion was loaned in the state last year.

In the last two quarters ending March 31, $650 million in loans were disbursed to small businesses statewide.

“The lending environment is much better than it was 10 years ago,” said Drew Tonsmeire of the UGA Small Business Development Center at Kennesaw State University, says the lending environment is much better than it was 10 years ago.

He said businesses are able to access different sources of funding aside from banks, such as SBA loans and lines of credit from online lenders.

Click here to read the full article

June 1, 2018 |

GreenSky, An Online Lending Unicorn, Raises Over $800 Million In IPO

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Greensky | LoanNEXUS

Source: Forbes

GreenSky, which facilitates loans for home improvement projects via a smartphone app and has quietly become one of the largest financial technology companies in the country, made its public debut on Thursday.

The Atlanta-based company saw shares end the day at $23.36, which was 1.5% higher than the $23 set on Wednesday evening. GreenSky had originally priced shares between $21 and $23 apiece. It also ultimately sold 38 million shares, above its original expectations to sell 34 million shares.

Click here to read the full article

May 27, 2018 |

Women entrepreneurs gain ground, but still lack financing…

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Source: Wisconsin State Journal

“Women are the entrepreneurial leaders in Madison.”

That’s what Amy Gannon said, after the Doyenne Group’s 5X5X5 pitch contest on Wednesday — part of the eight-day Forward Festival celebrating entrepreneurship and innovation.

But at least two female CEOs in Madison say in the larger scheme of things, women entrepreneurs still have a lot of ground to make up — particularly, women of color.

Click here to read the full article

August 26, 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 |

13 Best Small Business Grants for Women

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Source: Nav

Women are a core pillar in business, but in far too many cases women face inordinate challenges and find themselves behind their male counterparts based on several measures when it comes to business ownership and incomes. While there are many incredibly successful female entrepreneurs that come to mind when discussing women in business, women remain underrepresented at the workplace and often earn less than their male counterparts for the same work.

Business owners already struggle to qualify for business loans or other forms of financing as they try to build business credit and build their businesses, and women business owners moreso. When loans are tough to come by, money can be in short supply and small businesses struggle.

These 13 grants are doing something to solve that problem. If you are a woman looking to start or grow a business, these small business grants for women and other resources may be just what you need to get to the next level.

Click here to read the full article

February 10, 2020 |

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 |

Big banks get green light to make small short-term loans

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Source: CNBC / MSN

Consumers who rely on payday loans to fill their budget gaps may have a new option to turn to: traditional banks. National banks just received the go-ahead to serve that market from their regulator, the Office of the Comptroller of the Currency.

On Wednesday, Comptroller of the Currency Joseph Otting called for national banks and federal savings associations to step into the short-term, small-dollar installment loan market.

These loans typically range from $300 to $5,000, according to the regulator. And that adds up to about $90 billion in loans taken out every year by millions of U.S. consumers.

Click here to read the full article

May 28, 2018 |

4 Tips to Help Latina Business Owners Achieve Success

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US Latino Businesses | LoanNEXUS

Source: Cision – PR Newswire

As we celebrate Hispanic Heritage month this year, it’s a good time to recognize the many contributions of Hispanic small business owners. And there truly are many. Wells Fargo served as lead sponsor of the Latino Donor Collaborative’s U.S. Latino GDP Report, which tracks the growing influence of the Latino community within the U.S. economy, and the results are incredibly promising. Latinos contributed $2.7 trillion to the U.S. GDP in 2021, equivalent to the seventh largest economy in the world, and they’re growing 57% faster than the U.S. economy overall. From 2010 to 2019, the U.S. Latino GDP was the third-fastest growing among the 10 largest GDPs in the world, with the U.S. economy ranking fourth. Latinos are also accounting for 68% of the growth in U.S. labor participation.

Read the full article: https://www.prnewswire.com/news-releases/4-tips-to-help-latina-business-owners-achieve-success-301400993.html

October 17, 2021 |
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