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Monday, December 6th
LendingClub no longer offers peer-to-peer funding of business loans, having undergone a major overhaul in the last few years. Good thing or bad thing? If you're a newer or smaller business, you can get funding by applying for a LendingClub personal loan. More established companies will be referred to Accion Opportunity Fund, which has a less-than-perfect reputation. This new company format doesn't offer you many benefits when it comes to business loans, and we suggest looking elsewhere.
Advanced Commercial Capital is based in St. George, Utah and specializes in a particular type of business loan commonly known as factoring, in which a business sells its outstanding accounts receivable to a financial institution (a "factor") in order to get cash immediately. While this type of business loan may work for some established businesses, especially those with a physical inventory, Advanced Commercial Capital may not meet the needs of other types of businesses, including startups.
With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.
In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.
Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.
There are many factors that you should consider before selecting a lender for your business loan. Some of these include:
TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!
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syracuse.com on ...
Syracuse unveils new loan program for small city businesses. (Some ...
Small business owners in Syracuse can apply for low-interest loans beginning today under a $1 million program managed by the city of Syracuse’s economic development arm. The money may go fast.
Fri, 03 Dec 2021