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Small Business Loans: How to Turn $100,000 Revenue into $1,000,000

By |March 13th, 2017|Small Business Programs|

Read how a small cement mixing and delivery company managed to fulfill an influx of 20 new contracts.  When three experienced concrete mixing and delivery professionals left their employer to start their own business, they worked tirelessly (and sometimes at a loss) to find their first few clients. In business for too short of a [...]

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Make 2017 the Year You Build Business Credit

By |January 4th, 2017|Tips|

Excellent business credit fuels success in a number of ways. First, it qualifies you to take out a business line of credit and loans, both of which even out the fluctuations of small business income. Start-ups, with their uncertain cash flows, can be particularly dependent on lines of credit. When you build business credit, inevitable [...]

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7 Steps to Optimize & Organize Business Finances as 2017 Begins

By |January 3rd, 2017|Tips|

Until owners takes steps to organize business finances, they exist in limbo, uncertain of whether to capture opportunities that arise or buy needed equipment or inventory. Here at LendSpark, we see too many business owners who can’t tell us what their expenses or cost of goods were for the previous year. Some still use old fashioned [...]

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Business Loans Projected to Surge 50% by 2020: What’s in It for Small Business?

By |December 31st, 2016|Small Business Programs, Tips, Uncategorized|

Finally! Seven years after the start of the Great Recession, lenders are loosening requirements and lending to businesses both large and small. Loan approval rates at institutional lenders rose to all-time high of 63.1% in October 2016, the fourth consecutive month of improvements. The small business loan is getting easier to win because lenders find [...]

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Who Can I Trust for Business Financing?

By |November 18th, 2014|FAQs, Resource Center, Tips|

We recently posted about The Lure of Fast Business Loans and the amazing growth of business loan brokers - with their non-stop emails, phone calls, mailers, etc. Given that you’re likely being bombarded with “Quick Money” funding offers daily, the question you should be asking yourself is: Who can I trust when I need funding [...]

The Lure of Fast Business Loans

By |November 15th, 2014|Resource Center|

The lure of "Fast Money" and "Quick Cash" for your business is hard to ignore; thousands of ads and offers bombard small businesses everyday via: direct mail, calls, emails, pop-ups and radio. Advertisements from alternative lenders provide an enticing promise and give hope to the many Small Business Owners that can’t access financing from traditional [...]

Avoid Predatory Lenders & Get Expert Financial Advice

By |October 22nd, 2014|Resource Center, Tips|

CURRENT STATE OF THE BUSINESS FINANCING INDUSTRY Following the Great Recession of 2008 and subsequent tight regulations on banks, small businesses are experiencing difficulty receiving loans from traditional banks. Alternative lenders quickly took notice of the growing demand for business funding, and alternative financing industry took off, with promises of “fast cash”. Similar to payday [...]

Why are banks not lending to small businesses?

By |September 8th, 2014|Resource Center|

Working with hundreds of small businesses every week, we hear this question daily, “why aren’t banks lending to us small businesses?” The current financial situation leaves small businesses across the nation who are working to improve, or even just maintain their business, extremely frustrated and has created significant opportunity for alternative lenders that can offer [...]