MultiFunding is committed to making the complicated world of finance feel crystal clear. The Slingshot Café is where we let loose and explain the latest and greatest loan deals, trends in small business lending and how you can get financing for your small business. Check back often for new posts from Ami Kassar, MultiFunding CEO and columnist for The Wall Street Journal, Inc. Magazine, and The Sleeter Group.
The Slingshot Café is authored by Ami Kassar.
Applying for a Loan? You Need to Know This One Thing
Understanding debt obligations is the most important thing when applying for a loan. There are many things a borrower needs to consider when thinking about a loan, but one outweighs all others by a landslide: what the monthly payment on the loan will be and whether that borrower can or cannot afford the payments. I […]
Five Questions to Ask an Alternative Lender
Finding the right alternative lender can make a huge difference for small business. A good alternative lender is one who is cognizant of their role within the small business industry–a means to an end. Alternative lenders should act as a bridge for small businesses to get them out of a financial hole and back into […]
A Loan Broker’s Responsibility to Small Business
Helping small businesses get into bank loan financing should be the driving force for brokers. At my loan brokerage office, our mission is clear–we want every company we work with to get to a point where they are bankable through an SBA-backed loan or another traditional bank loan. If a company is considered “bankable “, […]
MultiFunding Turns 5
Dear Friends, On January 1, in addition to celebrating the New Year, MultiFunding will turn five. On one hand, I want to slow down, take a breathe and celebrate. After all, it is an accomplishment. I want to jump up and down with the team and discuss the victories along the way towards this milestone. […]
The Missing Ingredient in “Shark Tank”
Adding a lender to the panel of sharks would give the show more depth and educational value. In the past week’s episode of Shark Tank, Curt Campbell, an entrepreneur from the tiny town of Fish Creek, Wisconsin pitched his company www.oilerie.com to the sharks for an investment. In his pitch, Mr. Campbell talked about putting […]
Doctors, Lawyers, Accountants and Financial Planners Get Taken Over by the Net
Can technology replace professions where human touch is needed? Recently, I gave a talk at the AltLend Conference in Las Vegas where discussions about innovative finance options for small businesses were center stage. Speakers including members of the U.S. Small Business Administration alongside presidents and CEO’s of lending sources that span the gamut from traditional […]
The Long View: Don’t Be Tempted by Fast Cash
The most important thing you need to think about when taking a business loan is how it’s going to affect your cash flow. I always advocate for taking the loan with the lowest monthly payments and the longest amortization possible. But not everyone agrees with me. Many in the alternative lending space will opt for […]
5 Money Mistakes You Don’t Want to Make
When looking for capital, many business owners make these critical errors. Entrepreneurs are often so busy running their businesses that they make common mistakes that could wind up costing valuble time and money. Make sure you avoid making any of the blunders below. 1. Being Disorganized Yes, taking care of your day-t0-day operations and putting […]
Are You a Venture or a Debt Entrepreneur?
This decision is far more personal and emotional than rational. A few weeks ago, I was fortunate enough to attend the Inc. 5000 conference in Phoenix where I participated on a panel called “Where’s the Money!” As a part of the panel, I spoke about debt options and alternatives and another colleague represented the venture […]
The Absolutely Best Time to Borrow Money, as published by Inc.
Consider taking out a business loan when you least expect you’ll need it. Here’s what I mean. At my loan brokerage firm, I receive calls from small business owners everyday who are desperate for loans–not only to save their businesses, but just to keep the roofs over their heads. If they had called me a […]