Alternative Funding
Asset Based Lending and What It Costs a Small Business
Your bank said no to a bigger line of credit, yet you are sitting on $600,000 of receivables and a warehouse full of stock.
Former underwriter and lending writer
Marcus spent over a decade underwriting small business loans for a regional bank before he started writing about the process from the other side of the desk. He explains what a lender is actually looking at, not what a broker says they want to hear.
Alternative Funding
Your bank said no to a bigger line of credit, yet you are sitting on $600,000 of receivables and a warehouse full of stock.
Lines of Credit
You applied for a revolving line, waited a week, and got a polite no with no clear reason attached.
Funding Readiness
You are about to apply for a loan, and somewhere in a lender's system there is a business credit report on your company that...
Business Loans
You need $20,000 to buy a used van, a commercial oven or your first batch of inventory, and every bank you call either wants...
Business Credit Cards
You applied for a business card, got declined, and the only offer left on the table asks you to put up your own cash as a...
Alternative Funding
You need $80,000 to fund a product launch, the bank wants two years of tax returns you do not have, and a lender is offering...