Online comparison shop or affiliate sites and loan brokers both serve as intermediaries between borrowers and lenders in the process of obtaining a loan. However, there are some key differences between the two. An online comparison shop affiliate site provides borrowers with a platform to compare...
Business lenders lose an estimated $26 billion yearly due to borrower scams and frauds. Borrowers create or steal business identities, fabricate bogus financial statements, and fraudulently threaten bankruptcy to avoid repayment of legitimate debts. "Predatory" borrowers are a real problem for the industry, according to Christopher...
The level of risk and reward that lenders are willing to assume when lending is determined by their individual risk appetite, which many business owners may not fully understand. Lenders must consider the risk-reward balance when deciding to offer loans to businesses. The lender's level of...
“I’m from the Government, and I’m here to help you.” Small business owners, continuing to struggle with the aftermath of Covid, should prepare for significant changes in the 2023 environment for new commercial financing. In addition to higher interest rates due to the Federal Reserve’s increase...
What are Small Business Broker fees? Understanding broker fees from different services small business brokers provide is hazy. To avoid getting overcharged with unnecessary and exuberant fees. You must know the various brokers, including one underground, to see different fees. California is at the forefront in...