Lendio

If your application for a small business loan has been denied, you are not alone. In fact, only about 10 percent of the small business borrowers who apply at the bank leave with a loan. Although the bank may give you a song and dance about why you were denied, it usually boils down to [...]

Just like with personal credit, there are three business credit bureaus.  The similarities between personal and business credit pretty much end at that. The three business credit bureaus are D&B, Experian, and Equifax.  Of course Experian and Equifax are two of the three personal credit bureaus as well. The three personal credit bureaus have very [...]

Who knows, maybe instead of being awake for a year, I just dreamed each night that I was awake and working.  Either way, I always looked like hell.  It was one tough year. My manufacturing company was growing rapidly, and I never had any money.  Don’t get me wrong, I was asset rich, but always [...]

When you sit down and lock eyeballs with a lender across the desk, there’s one thing that will make sure that gaze is one of love. Character. It’s that trait that will make your lender want to take you home to meet Mom and Dad, and to open up those deep pockets to fund your [...]

When most entrepreneurs need funding to start or grow their business, they quickly learn one key fact: they need a business plan. Like you need a resume to apply for a job, and a completed application to gain admittance to a university, business plans are required to apply for business financing. And like resumes and [...]

Success for small business (and the economy for that matter) this year might be determined by securing the right business financing. While banks have tightened their terms, there have also emerged many more options for businesses to get capital in the last couple years. In this episode we talk about 12 sources of capital that [...]

As a small business, it is critically important that you have the necessary access to capital to work on a contract. Your customer will be aware if the inability to finish the work is related to a lack of funding. This is why it is a smart idea to put together a business financing strategy [...]

Lendio announces that its basic service, once $99 a month, is now free for business owners trying to secure small business loans. SALT LAKE CITY — Capital-seeking business owners can now get matched to the right small business loans nationwide for free through Lendio.com. In eight months after launching, Lendio, an online company helping business [...]

Lendio now gives business owners access to local business loans in 35 states across the country SALT LAKE CITY — Lendio has added more than 40 banks and credit unions in the last 30 days to its fast-growing lender network. In addition to its national lenders, Lendio now has financial institutions in 35 states ready [...]

Business loans, angel investors and venture capitalists — in many cases, these three entities are determining the success or failure of small businesses across the country. In this graphic, we have taken a deep look at each source of capital, have uncovered how much money is going where, and identified common considerations, compromises and benefits [...]