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.
Want a Business Loan? To Get This One, You May Need a 10-Year Lease Requirement
…for speedy government-backed loan may be holding back many from applying. I’ve written in the past about the price of speedy loans and how expensive they can be for small-business owners seeking fast cash. But what are the other options for those who need capital but don’t want to pay sky-high interest rates or suffer […]
Ami Kassar: Has Small-Business Lending Really Improved?
Many small firms still face an uphill battle. Lately, I’ve seen a number of reports that seem to declare small-business lending has improved over the past year or so. From my perspective, the answer isn’t always so clear. It’s no secret that small businesses took a big hit during the recession, and that the path […]
How to Navigate the New Small-Business Lending Landscape
The world of small-business finance has changed drastically in recent years. Here’s what you need to know. Let’s face it, most of us have a romanticized view of small-business lending — the mom and pop shops of yesteryear heading down to the local bank to take out a loan — but the reality is that […]
Growth Matters. Just Not as Much as You Think , By: Ami Kassar
Your aggressive growth strategy may be what is keeping lenders at bay. If you’re struggling to borrow money, it might be a sign that you’re growing too fast. Sure, there are a handful of reasons why you get turned down for a business loan–no business credit and poor personal credit, heightened lending standards post-recession, low […]
If One Lender Turns Down Your SBA Request, Try Another
Don’t give up, as bank’s credit policies and appetites for risk vary. In my loan brokerage, we regularly speak with small-business owners who have been turned down for a U.S. Small Business Administration-backed loan from a local bank and therefore think they’ve been disqualified from the SBA program. We quickly tell them that is not […]
The Perils of Borrowing Too Much, Too Soon
The reason for taking out a small-business loan should be to get your venture to the next level, not the next 10 levels. Imagine a scenario where two entrepreneurs are sitting in a classroom planning similar ventures, but with different approaches. One is far sighted and has a picture of the equipment and factory he […]
Are You a Tortoise or a Hare Entrepreneur? (It Matters)
The entrepreneurial ecosystem is dotted with ambitious go-getters itching to follow in the footsteps of the Facebooks and Googles of the world–creating fast-growing, fast-flying companies with large numbers of early adopters. I like to call these hopefuls hare entrepreneurs, as the race to produce and succeed is done at a fast and furious pace. But, […]
The Price of Speedy Loans
Convenience should not apply when you’re looking for small-business financing. Convenience is a huge selling point for many business owners, but don’t get trapped without considering the associated risk. Check your browser history and you’re likely to see Google GOOG +1.65% searches dominating the results list. We all tend to visit Web search engines when […]
What You Need to Know About Merchant Cash Advances
Every morning, before I start my day, I stop for a cup of coffee and a bagel near my office. I have to choose between the local Dunkin’ Donuts franchise and Maguire’s, a boutique sandwich shop. Invariably, I pick the sandwich shop. I know the owner, Joe Maguire, and I like to support him. Also, […]
Land a Big Customer? Now, Here’s How to Finance That Huge Order
Here’s how cash-poor small businesses can fill orders without giving away equity. Let me set up a situation for you. A small company that sells specialty soaps has been in business for two years and sells soaps through an e-commerce platform. The company is profitable and sells around 100 bars of soap each week. An […]