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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.


Prepayment Penalties: READ THE FINE PRINT

Posted on: January 11, 2011

One of the most difficult decisions a small business owner faces in financing is whether or not to take a fixed rate or variable rate loan.  The variable rate loans are always cheaper, but lack the stability of the fixed rate.  This decision is ultimately an emotional one based upon what you think will happen

Is JP Morgan Chase’s “Yes We Did” Small Business Proclamation Pre-Mature?

Posted on: January 04, 2011

With great fanfare, JP Morgan Chase announced over the holidays that their lending to small businesses is up 40 percent year over year.  You can see their press release here: http://investor.shareholder.com/jpmorganchase/releasedetail.cfm?ReleaseID=538207.  This has been picked up by dozens of reporters across the country as a great sign of a turn around and Chase has been

A 2011 Idea for the SBA: Borrowed from the Car Industry

Posted on: December 23, 2010

I would like suggest an idea to the SBA for 2011 that could help make the process of applying, being approved for and closing an SBA loan a little easier for a small business. It’s pretty simple.  Every time I drop off a car for service at a major brand, within days the corporate office

One Year Anniversary of my “Pink slip”

Posted on: December 19, 2010

Today is the one year anniversary of my “pink slip” from my corporate job where I spent a decade.  And while I remain saddened by the course of events at my former employer, it’s interesting to use this occasion to reflect on the past year. This post breaks the theme of this blog.  I usually

Innovation (or lack thereof) in Small Business Lending

Posted on: December 13, 2010

The Small Business Lending Industry continues to suffer from a lack of innovation.  Essentially, it’s “more of the same” when it comes to products and solutions that help small business owners borrow money.  And in our current credit and collateral crisis, we are all in desperate need of innovation in the lending industry. There are

A Possible Solution To The Small Business Collateral Crisis

Posted on: December 04, 2010

Over the past several weeks I’ve blogged and talked in the press about the collateral crisis facing small businesses.  Essentially, with the declined values in commercial and residential properties, most small business owners have little equity left in their real estate that they can use to support loans.  And they (and we) need these loans

Why Don’t Lenders Report on Their SBA Loan Declines?

Posted on: November 29, 2010

There have been  a lot of articles in the press lately about how the loan market is improving for small businesses.  Most of this information is backed up by banker surveys and statistics that don’t make any sense to me.  It seems like a well-coordinated effort to tell a story. Ultimately, there should be some

Small Business Lending: Let’s Deal With the Real Issues

Posted on: November 25, 2010

There is a lot of posturing going on in the small business lending space these days. The government is touting the benefits of their recent legislation, big banks’ p.r. machines are running on overdrive to convince the world that they’ve eased their credit standard, and merchant cash advance folks are driving hard to become a

CitiGroup joins Bank of America’s “Small Business Bandwagon”

Posted on: November 16, 2010

I recently blogged about Bank of America’s plans to hire “about” 1,000 small business bankers. It looks like the bank got such great public relations out of their announcement that CitiGroup quickly jumped on the bandwagon and announced that they’re going to hire “about” 200 small business bankers in local communities. So now that we’ve

Wall Street Journal: Get A Grip On Reality

Posted on: November 10, 2010

In a post in yesterday’s MarketWatch, http://www.marketwatch.com/story/banks-cant-make-anyone-borrow-2010-11-08 ,  Rex Nutting suggested that the problem in the credit markets is that small businesses don’t want to borrow money, and there is not much demand for loans out there. The article sites a Federal Reserve survey of lending officers of large lending institutions.  We invite Rex to come