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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.

 

Why Entrepreneurs Should Consider Obtaining a Line of Credit, Even When Business Is Good

Posted on: December 05, 2018

A financial safety net allows entrepreneurs to cushion speed bumps without paying a high price. Every business needs a safety net, but not all businesses can afford to have one set aside. To secure some form of insurance for your business, try obtaining a line of credit from a bank. Even if you don’t have immediate plans to

There Is Danger and Evil Lurking in Short-Term Cash Advance Loans

Posted on: November 30, 2018

Could your business be the next one to be chewed up? In the past week, a sad article appeared in Bloomberg that tells the story of how some lenders are taking advantage of an arcane New York law that, essentially, allows the lender to wipe out large amounts of money from a borrower’s bank account anywhere

The Temptation of Online Loans Is Enticing. Here’s Why You Should Beware

Posted on: November 26, 2018

Online loans can be quick and easy. They can also bring a lot of long-term pain. Over the past few weeks, I’ve received calls from former clients with whom my company worked successfully to line up loans that enabled them to grow their businesses. These were longer-term loans with reasonable interest rates and solid repayment

Feeling Too Busy? Here’s How to Free Up Your Time

Posted on: November 14, 2018

Time is a commodity most entrepreneurs wish they had more of, but is this a root cause for slow business growth? If time isn’t on your side, you aren’t alone–and you may have to come to terms with being a control freak and learning to let go in order to propel your business forward. When

Why It Pays to be Frugal When Starting a Business

Posted on: November 01, 2018

That means your personal life is going to play a role in your business success. To be successful in business, you have to be all in–in all aspects of your life. Case in point: I’m working with a bright, dedicated entrepreneur who has a great idea for a business and has enjoyed some initial success.

Why You Need to Set Unreasonable Goals If You Want to Grow Your Business

Posted on: October 17, 2018

Entrepreneurs need to consider stretching throughout their businesses life-cycle, and here’s a good example why. Every entrepreneur has a goal of what they hope to achieve, but the more important question is: “What do they really want to accomplish?” That’s what a stretch goal is; a concept I discussed at length in my book The Growth

Why You Shouldn’t Fear Change When It Comes to Financing

Posted on: October 10, 2018

In life you go get annual checkups. Your business financing should be no different. In my line of business, I deal with a lot of entrepreneurs who have been burned financially at some point in the past. That’s part of the business landscape for just about everyone, but it often makes people unnecessarily gun-shy about

Science Has a Unique Way to Prove You Will Do Anything to Save Your Business

Posted on: October 04, 2018

Based on a recent study, it appears you would do more than you think to save your business and here’s why. Your business is developing nicely, showing solid growth backed by a quality product or service, a strong management team and a pronounced need in the market. Then the bottom falls out. It doesn’t really

5 Things You Need to Know Before You Go to The Closing Table

Posted on: September 24, 2018

Getting a Business Loan is not an easy task.  The process can often get emotional, and it’s easy to get confused and not really understand what you are agreeing to. I am guilty too – one time I leased a car and thought I had agreed to a three year lease, but it was really

Worried About Giving a Personal Guarantee for a Business Loan?

Posted on: September 19, 2018

Remember, you can negotiate with your lender. Should you ever give a personal guarantee when you’re trying to secure a loan? That’s a question a lot of entrepreneurs ponder and dread. After all, who wants to pledge personal assets, such as your home, as collateral? It’s safe to say that not many people do, but sometimes