Updated June 26th, 2019 There are a variety of variables that lenders look at when determining credit worthiness for small business lending. Typically, they can be classified into the 5 C’s of credit: character, capacity, capital, collateral, and conditions. In this blog post by The Commercial Finance Group, the best factoring company, we’ll examine these [...]
Being not bankable is not the end of the world. There are still plenty of opportunities to gain access to working capital when you need it. In this continuing series of what to do if your small business or start-up is not bankable, The Commercial Finance Group, a long standing working capital financing company, will [...]
Being non- bankable is not like wearing a scarlet A (although it can feel like it at times). Being non- bankable just means you have to be more creative in your small business financing than other companies. And the beauty of this is you’ll discover other options that might even suit your business better [...]
A new type of lending has emerged in recent years that has the potential to wipe out unsuspecting businesses that aren’t aware of how it works. Known as merchant cash advances (or MCAs), these loans feature usurious interest rates in the triple-digits annually. They also allow lenders to deduct loan repayments directly from borrowers’ accounts [...]
When it comes to small business financing, many businesses turn to the Small Business Administration (SBA). The SBA helps small businesses obtain financing that they otherwise would be denied. Sounds a lot like the mission of The Commercial Finance Group, right? Well, there are clear differences between the two and some precautions you need to [...]
