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Finance Lending

Why Are Banks Losing Market Share to Alternative Financing?

A trend that began in the recession of 2008 and 2009 continues to influence where companies apply for – and ultimately get – small business loans. During a time when business owners needed money to push through the economic dip, banks were also facing difficulties and became increasingly reluctant to lend to anyone without stellarRead More

Business Credit Scores: Breaking Down the 5 Factors (And How to Check It)

Do you know your business credit score? If you’re like most small business owners, you’re probably looking at the question and scratching your head. According to a 2016 survey by Manta, an online small business community, 72% of people who own small businesses are clueless about their business credit scores, and 60% don’t know whereRead More

What is Alternative Lending? The New Business Funding Market

Why read when you can listen? Click the link below to hear Joe Camberato, President of National Business Capital & Services, explain everything you need to know about alternative lending in the Monjaco podcast! It’s becoming harder and harder for small business owners to get traditional loans. Banks are approving fewer applications and cutting backRead More

National Announces New Fast Equipment Financing Program: The eQuickment Financing Product

National Business Capital & Services is thrilled to announce the new eQuickment Financing Product! Like our groundbreaking new Performance Advance program, this new financing product is innovating the way entrepreneurs grow by putting the quick back in equipment financing! This new equipment loan program is helping business owners rapidly grow and scale their businesses withRead More

What’s the Minimum Years in Business for a Startup Business Loan?

You’re ready to get your business off the ground, but you need funding to bring your ideas to fruition. Can you qualify for a startup business loan? Surprisingly, the answer might be no. Many “startup loans” have a minimum time in business requirement, as lenders are often wary to fund younger companies. Having a fewRead More

The Average [2019] Interest Rate on a Business Loan

Small business loan interest rates vary widely between lenders and depend on a number of factors. To find and qualify for the cheapest loans, you need to not only compare options but also consider the qualification requirements of each lender. Stricter requirements often mean you have to go through a more complicated application process toRead More

What is Working Capital? How to Calculate it and Find the Best Loan for Your Restaurant

Having enough working capital is vital for keeping things moving in a positive direction as you round the corner after your first year or two in business. 70% of restaurants that make it past the 1-year benchmark close their doors over the next three to five years, as growth-related expenses climb and traffic doesn’t. But,Read More

How to Always Pay Employees (Even When You Can’t Swing It)

Trying to keep on top of small business payroll is a common struggle. A survey by Intuit showed 32 percent of small business owners have trouble covering expenses, and this can lead to some serious consequences. Business owners failing to pay their employees may be subject to fees and penalties, or even lose their licenses.Read More

Businesses Prepare for 2019 Economic Slowdown with Revolving Credit

It’s true that nothing good lasts forever, and this is especially true in regards to the wildly fluctuating state of the economy. While 2018 proved to be a great year for businesses nationwide, predictions from leading economists warn that this period of tremendous growth is not likely to last in 2019. So, why is anRead More

8 Reasons NEVER to Use Your 401K to Get a Small Business Loan

If you’re considering using your 401K funds to get a small business loan, or fund your business goals in any way – DON’T. This is a dangerous trend that is robbing new and established business owners from their retirement…for no good reason. Why Trade 401K Funds for Business Loans? Why, indeed. Entire businesses are beingRead More

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