Lendio

Alex Genadinik is a mobile app developer. Alex focuses on creating apps which are as helpful as possible to people. His current work focuses on helping first time entrepreneurs get help starting their businesses. For the past year I have been working on mobile apps to help people start their own business.  There are now [...]

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 [...]

Mid 2005 I got a generic form letter in the mail that said my application for financing was rejected due to information found on my Equifax credit report. What the hell?!! I knew my personal credit was spotless and I got real mad, being sick and tired of all the bull I had been fed [...]

Click below to Play Click here to download the mp3 Click here to subscribe on iTunes. Click here for the RSS feed (non iTunes) Click here for the show archive For many business owners, finding and securing business financing is a necessary, yet major, pain. With all the paperwork, terms, details, time-to-funding, and low chances [...]

Note: This is a guest post by Adam Hoeksema, founder of ExecutivePlan, which helps entrepreneurs write business plan executive summaries to raise capital. More of his information is at the bottom. We’re excited to have him on the blog today: If you are applying for a business loan or seeking to raise capital from investors, [...]

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 [...]

Click below to Play. Go here to download on iTunes. Click to download the mp3 The journey of entrepreneurs and business owners covers a wide spectrum; an up and down roller coaster with significant highs and lows. In today’s episode, Brock Blake tells his own journey, talks about the hardest part of it and how [...]

Partnership gives creditworthy entrepreneurs alternatives to traditional small business loans SALT LAKE CITY and SAN FRANCISCO -– Lendio, an online service helping business owners find viable business loans and other sources of capital, today announced a partnership with Lending Club, the leading platform for investing in and obtaining personal loans, to help creditworthy entrepreneurs obtain [...]

While there are several factors that go into qualifying for a business loan, there is one metric upon which banks heavily rely, but is unfamiliar to most applicants. It is the Fixed Charge Coverage ratio (slightly modified for pass-through entity accounting), and it measures your projected ability to pay back the loan with interest better [...]

Every business owner who is looking for help to finance their business, needs to understand important fundamental differences of a business line of credit and a term business loan. Why? They are used specifically for different purposes. Applying for the wrong type of loan may cause problems later on as the business grows. Line of [...]