Most business people come to the loan application or inquiry process with some preconceived ideas of what to expect. Usually, they center around two prevailing thoughts: A big bank loan is my only option. I need to borrow an enormous amount of money. And they simply just aren’t true. The Internet is full of information. Unfortunately, it’s also full of plenty of misinformation. Your parents or grandparents might dispel sound business advice, but it might not represent the new developments in business borrowing. We’ve taken the initiative to discuss and dispel the most commonly heard myths to give you accurate information.
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.
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.
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 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.