Tag: alternative lenders

Can You Qualify for Long-Term Business Financing?

Long-term financing right now is a challenge for many people, but there’s some good news out there. We’re seeing a lot of inquiries where people have taken out two or three different online loans. They’ve stacked them so to speak, but they have great receivables and…

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Are Banks Lending to Small Businesses?

Typically small businesses will turn to banks for funding. When banks slow on lending, there are alternative financing options like online loans or merchant cash advance loans. Are banks lending to small businesses? Where do small businesses turn for funding when both banks and online loans…

Common Invoice Factoring Problems

There are a few common invoice factoring problems that we come across, and we’re here to show you how factoring with Eagle Business Credit can help you solve those problems. One of the common problems is your customer’s creditworthiness. You don’t want to work for people who won’t pay…

Is There a Small Business Vaccine?

Many folks have their hopes resting in a vaccine in order for life to return to normal. Unfortunately, the situation is a bit more complicated than that. Even with a vaccine, small businesses have been closing left and right. Many small business owners don’t know how…

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How to Get Small Business Financing Right Now

The Federal Reserve Banks publish an annual small business credit survey report. The 2020 SBCS Report on Employer Firms is based on survey responses of small business owners from the second half of 2019. These responses show the current challenges of business financing and credit that…

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The Alien Invasion of Your Small Business

In the summer of 2008, my wife and I packed up the two kids, the dog, and two cats in the RV to move across country from California to Georgia. We were no strangers to moves. We moved across continents and country just years before, but…

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Immediate Business Financing

I won’t list off all the reasons you may be in need of immediate business financing. There are plenty. There are also plenty of risks to avoid when searching for immediate financing. Typically, your cost of financing will increase for faster approvals. You see this with…

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Planning to Restart Your Business After COVID-19

Whether you have closed your business temporarily during the COVID-19 shutdown or whether you have still been operating at a reduced capacity, you have to plan to restart your business after COVID-19. Financing and managing your receivables will be key components of your plan to resume…

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Financing Your Small Business During COVID-19

Right now many business owners are looking for extra money for their business. Whether it be long or short term, there are many financing options that provide different benefits depending on the size and nature of your operations. Here is how to finance your business during…

Will You Receive the Next Round of Stimulus Funding?

Congress is on the brink of approving the next round of small business stimulus funding in the form of the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan program (EIDL). The first round worth $349 billion ran out in less than two weeks. This round…