By Todd Stichler As a former small business owner of a large professional services firm, I know first hand the dozens of daily postcards, emails, text message and phone calls a CEO or business owner receives each week from “alternative financing” companies offering quick and, in many cases, much-needed working capital. These organizations do so for one […]
Financing News
Alert! These 5 Signals Expose the Predatory Business Lender
Ten years ago, free-wheeling mortgage lenders signed hopeful homeowners to loans they could never afford. We all know how that ended: a sea of realty yard signs. In the past few years, predatory commercial lenders have begun following the predatory mortgage lenders’ example by offering high-interest and inappropriate loans to those businesses hoping to stay […]
What Is A Working Capital Loan and Do I Need One?
What is a Working Capital Loan and Do I need one? Owning your own business is a constant balancing act. In an ideal world, tasks such as filling invoices, paying employees, and seeking opportunities for expansion all happen seamlessly and easily. However, small hiccups (like a delay in payment on a large invoice) can be […]
How Best to Approach a Business Lender for Equipment Financing
Equipment financing helps businesses that require new or upgraded equipment to continue operations, expand their company’s growth, or prepare for new business opportunities. Anyone who has faced the need for new equipment in a short amount of time understands the urgency and potential hardship. Financing doesn’t have to be frustrating, especially when you have the […]
5 Essential Tips to Get the Right Small Business Loan
Are you a California business looking to get a small business loan? Be sure to review this helpful video from LendSpark Cofounder and President Todd Stichler. Todd reviews 5 of the most important items to consider when approaching a bank or alternative lender like LendSpark. Being prepared and organized will greatly help your chances of […]
The Lease vs Buy Decision for Business Equipment
There are many reasons why companies decide to lease equipment rather than taking a loan to buy the asset. The business reasons why customers prefer to lease rather than borrow to purchase an asset are: No money down and immediate use of the leased asset vs. a loan typically requiring a down payment. Leasing is […]
