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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.

 

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

Your Emotional DNA Will Influence Your Financing Decisions

Posted on: July 08, 2016

Embrace that it’s not just about dollars and cents In several recent presentations, I have asked the group of business owners and CEO’s if they believe that decisions about how they finance their businesses are emotional or rational. Almost every time, 90 percent of the audience responds that financing decisions are rational: they come down

Looking for a Business Loan On-Line?

Posted on: July 06, 2016

Be Careful of the Path That You Follow This weekend, I saw an appealing ad on my Facebook feed for a site called Expert Market. Their tagline is “Expert Market provides the best resources to find, compare, and learn about the products and services your business needs. All in one place. All for free. All

Does More Money Fix Everything ?

Posted on: June 02, 2016

The Answer is Counter-Intuitive I recently had the pleasure of attending #grow16, an annual conference put on by friends at @inc. The conference is like an entrepreneurial love fest, with 800 entrepreneurs running around for a few days. For me, it’s like a buzz, and I hardly sleep as I inhale and exhale all of

An Opportunity for Facebook

Posted on: May 31, 2016

Don’t Accept Ads for Predatory Business Loans An Opportunity for Facebook Don’t accept ads for Predatory Business Loans No matter what kind of loan (personal, business, mortgage, car or anything in between), there are unscrupulous lenders looking to take advantage of often desperate people who need money. And payday lenders are among the industry’s biggest

Staying the Course as a Tortoise Entrepreneur

Posted on: May 20, 2016

It’s a really hard thing to do. Over the past few years, as I have slowly, steadily and cautiously built my loan advisory company, MultiFunding, there have many sleepless nights where I have questioned my approach. You see, all around me, many of my peers were choosing to build their companies at lightning speed. My

Is the MarketPlace Lending Revolution Over?

Posted on: May 16, 2016

Or Having Some Teething Pains ? Last week was chock full of news for the burgeoning marketplace lending industry. The moral of the story-lending money is not akin to building just another SAAS platform-or a random idea that excites VC’s who want to build the next unicorn. The lending business is a whole different stratosphere,