With the recent controversy surrounding Facebook and its CEO Mark Zuckerberg, you may think that the social media giant is on the fast track to becoming irrelevant—but not so fast!
For small businesses, Facebook can be an effective platform for reaching out to and engaging with customers.
Money will likely be one of your biggest challenges when you start a small business. And it will continue being a major concern as you try to sustain and grow your company.
Here’s the good news for small business owners and entrepreneurs: banks aren’t your only options when it comes to financing. You now have more choices, whether you’re searching for funds to address cash flow gaps, or to expand your business.
But it’s important to understand your choices in order to make the smartest decisions for your business.
In most cases, your decision will be based on why and how soon you need the financing. Here are 3 business scenarios and the top financing options to consider.
If you’ve begun to look into financing for your small business, chances are you’ve started to think about your credit. For most forms of financing, a credit check will be run as a part of your application process.
While most traditional lenders may look into your business credit, if you’re considering alternative lenders or if you’re a new business without a lengthy financial history, your personal credit will definitely be included in the evaluation process.
The alternative commercial lending (funding) space has and continues to see significant change driven in part by greater access to data, new technology, improvements in existing technology.
It has also received a boost from the emergence of new capital providers that are willing to support funding companies that are using non-traditional models to access credit.