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.
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 […]
Can You Be a “Mensch” in Business?
The balancing act between profits and ethics. Running and building a business is a tricky balancing act. Top that challenge off with building a reputation as being a fair and honorable entrepreneur and everything is all the more difficult. I’ve recently struggled with the question about what makes an entrepreneur a good person in business. […]
A New Group of Alternative Lenders: Investment Lenders
How we refer to lenders helps shape the industry. Over the past year there has been an important shift in the alternative lending landscape for small business owners and entrepreneurs. A new group of non-bank lenders have entered the market and are willing to lend to businesses at amortizations that spread three to five years […]
Own A Small Business? Consider Your Supplier Carefully
Many suppliers claim to be friends of small businesses, but do they really have your best interests in mind? As small businesses continue to forge ahead and play a large part in reshaping the economy, suppliers are more vigilant than ever in advertising to this market and playing up their advocacy of small to mid-sized […]
Who’s Really to Blame for Slow Bank Loans?
Unprepared borrowers are a primary culprit Ask any small-business owner to name his or her biggest grip about obtaining a bank loan, and you will likely hear that it’s the tortoise pace at which banks review and approve loan applications. Banks are notorious for their lengthy loan-application proceses, which often take weeks to complete. […]
MultiFunding Launches New Website: VisibleLending.com
Providing An Open Directory Of Short-Term Online Business Capital Providers MultiFunding is pleased to announce the launch of its new partner site, www.visiblelending.com. The new site is an open directory of short-term online business capital providers. The VisibleLending website was created as a resource for both consumers and the online business lending industry. In a […]
Counseling Is Often More Valuable Than a Small-Business Loan
Borrowing may not be the best way to solve financial woes. The head of the U.S. Small Business Administration, Maria Contreras-Sweet, made a bold statement this week in an interview regarding the state of small-business lending and the SBA’s role in aiding small businesses. Ms. Contreras-Sweet said “the counseling is almost more important than the […]
Ami Kassar, WSJ Capital Insight: Improving Transparency for Alternative Lenders, Loan Brokers
Create standards for transparent pricing and reasonable penalties. My last post seemed to stir up some controversy. I’ve been labeled a “merchant cash advance industry hater” regarding my push for more transparency on short-term loans. I want to be clear I am not an opponent of alternative lending. I think there is, and should be, […]