Lending News

PowerUp Lending News

New Harvard Case Study Shows Highlights Why PowerUp Lending Group Shines

A recent Harvard Business School study that peers into the world of marketplace lending has shed new light on trends in the lending industry. The study, conducted by Karen Mills and Brayden McCarthy, updates their original case study prepared in 2014 and examines the changes that have taken place in just two short years. There are several key takeaways from the study that are important to borrowers and lenders, but there is one fundamental aspect of the report that is important to all existing PowerUp Lending clients and our prospective partners down the road. 

Start 2017 Strong by Consolidating Your Small Business Debt

PowerUp Lending has been providing direct capital to small businesses in America for more than two years. While that might not sound like a long time, in the world of online lending we’re considered veterans. Perhaps it’s because our founders are rooted in the small cap lending world and have been a leading source of capital in the marketplace for nearly 15 years. More on this in a moment, as it’s an important part of our story and potentially YOUR story in 2017.

Four Elements of a Smart Business Debt Refinance Plan

Every business stands to benefit from a smart business debt refinance plan. It can help you grow your company or even just keep the doors open for another day. If you're struggling with loan payments, refinancing your debt can improve your long-term prospects. And what business doesn't want that?

The Holidays Add Unusual Stress to Small Business Owners

The holidays are stressful enough for the average working American. The barrage of holiday advertising, Christmas music and rampant consumerism are enough to drive the most normal person stark raving mad. For small business owners, the holidays are even more stressful and all-consuming because so much rides on their shoulders.

Three Reasons To Start Your Business Loan Consolidation Plan Today

As another year draws to a close, there has never been a better time to start your debt consolidation plan. A business owner burdened by debt cannot muster more than the minimum payment each month.

Small Business Loan Resources for Captive Insurance Companies

Traditionally, businesses have handled risk by transferring it to an insurance company by purchasing an insurance policy or by retaining the risk themselves and allocating funds into an escrow account to meet expected losses. This arrangement is commonly known as “self-insurance.”

Business Loan Consolidation for Textile & Chemical Manufacturers

Textile and chemical manufacturers can benefit from a business loan consolidation. These industries are especially sensitive to changes in the economy, making it all too easy for them to accumulate significant amounts of debt. Taking this approach lets them regain their financial footing.

Business Loan Consolidation for Equipment Supply Companies

Equipment supply companies should consider a business loan consolidation. Perhaps their bottom line has taken a hit from their inventory purchases or maybe they're being buffeted by seasonal fluctuations or other factors beyond their control. Consolidating their debt can benefit them where it counts.

A Business Loan Refinance is Good for Any Business

Whether for a sole proprietorship or a major brand-name company, a business loan refinance is a good way to get relief from a  burden of debt. Getting those old loans off your books feels good, like taking a swim on a hot summer day.

Merchant Cash Advance Solutions for High Risk Businesses

Merchant cash advance solutions for high risk businesses are a great way for smaller companies that have less than stellar credit ratings to get the capital they need. Since merchant cash advances are primarily underwritten on the company's card remittance revenue, not the credit score or the financial profile of a borrower, the underwriting standards are less restrictive than traditional loans.