• Home
  • The Slingshot Café

The Slingshot Café

Multifunding_Slingshot_buscards_AVERY_BACK_PRINT READYOur blog, The Slingshot Café, is where CEO Ami Kassar gives valuable insights on the current small business trends and how they can impact your business. Read through our blog to learn more about small business loans, financing options and more.

 

Is Your Business in Growth Mode?

Posted on: August 20, 2016

This is the most exciting part of the journey. In the first part of this series, we introduced the five stages of entrepreneurship we work with on a daily basis. One of our favorite entrepreneurs to work with is someone we’ve dubbed The Grower, although The Expander is another good description. Why do we like

Are You Content With Your Business?

Posted on: August 16, 2016

Remember : Trees don’t grow into the sky forever. In the first part of this series, we introduced the five stages of entrepreneurship we work with on a daily basis. Sometimes, we have clients whose business is going well and who believe they’re in good shape for whatever lies ahead. We call these folks The

Renewal of SBA’s CDC/504 Program Good News for Small Business

Posted on: August 04, 2016

Congress did the smart thing in December and not only renewed, but made permanent the Small Business Administration’s (SBA) CDC/504 program, which provides financing for significant fixed assets such as equipment or real estate. The program previously was a temporary measure that was part of the Small Business Jobs Act of 2010. That renewal made

Published Vistage Executive Street Blog: Working Capital: 2 great options to explore

Posted on: August 03, 2016

It doesn’t matter how strong your product/idea/service is if you can’t obtain working capital. And as many small business owners will tell you, lining up working capital can be about as likely as winning a one-on-one basketball game against LeBron James. For many businesses, conventional bank loans are out of the picture and even the

Is Your Business Stuck?

Posted on: August 02, 2016

There are ways to snap out of it. In the first part of this series, we introduced the five stages of entrepreneurship we work with on a daily basis. The next kind of entrepreneur we see is simply known as The Stuck, although this person might also be dubbed the Wanna-Be Expander. An entrepreneur who

Is Your Business in Crisis?

Posted on: July 28, 2016

These financing options can help get you out of a jam. In the first part of this series, we introduced the five stages of entrepreneurship we work with on a daily basis. In this installment, we’ll focus on The Crisis Manager, an entrepreneur whose straits are dire enough that the future of the business is

Which Stage of the Entrepreneurial Journey Are You In?

Posted on: July 18, 2016

Are you a grower or a crisis manager? We work each day with a variety of entrepreneurs and, no matter their age, experience level or type of business, we find they all fall into one of five categories, depending upon the stage of business life cycle they’re navigating. Sure, we hate to generalize–and everyone’s situation

Lending Club: A Cautionary Tale for Venture-Funded Lenders

Posted on: July 15, 2016

The Lending Club story speaks to the challenges of venture capitalists building lending businesses. Last week was another tough week for online lending platform Lending Club. The company announced that their former CEO and founder had taken out loans on behalf of him and his family several years ago. These loans were allegedly taken out

How a $22,500 Total Financing Cost Could Turn Into a $521,165 Obligation

Posted on: July 13, 2016

Be careful: Short-term online lenders are trying to trick you. Looking for a business loan? There is a new movement that is trying to push borrowers to think about their Total Borrowing Cost as a critical measure in helping a borrower evaluate their loan options. On the face of it, the metric is pretty appealing.

Factor Pricing is a Gimmick

Posted on: July 11, 2016

And it’s time to put it to bed In an article in Forbes, Brock Blake, CEO of Lendio.com, penned an argument, that small-business owners are better off when presented with the total cost of a loan they take out, instead of the typical APR metrics that business owners and consumers know. This argument is presented