Asset Based Lending Takes Off
Business owners are having a tough time getting a conventional small business loan. Even credit cards, which have been used by business owners to help fund business expenses have cut their credit limits, making it hard to find funding. Many are turning to asset based lending companies as a form of alternative financing. These types of lenders include merchant cash advance lenders, banks making secured loans with direct assets, and factors. The costs to engage this lending may be higher, but in a time when some credit is better than no credit, the rate of financing in alternative asset-based loans has increased 8% in 2008, as explained by the Commercial Finance Association. (more…)
Business owners are having a tough time getting a conventional small business loan. Even credit cards, which have been used by business owners to help fund business expenses have cut their credit limits, making it hard to find funding. Many are turning to asset based lending companies as a form of alternative financing. These types of lenders include merchant cash advance lenders, banks making secured loans with direct assets, and factors. The costs to engage this lending may be higher, but in a time when some credit is better than no credit, the rate of financing in alternative asset-based loans has increased 8% in 2008, as explained by the Commercial Finance Association. (more…)
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When you need to make a purchase but do not like carrying cash with you, a debit card is a great tool. The bank releases the money electronically for the purchase just like cash and your account is debited the amount, hence the name. This can be a convenient way to pay for anything and a way to carry little cash as most stores take debit cards as a form of payment. As with every type of payment, there are downsides to debit cards that are often overlooked. It is important to know the risks and the rewards of any form of payment and consider them before using any debit card for purchases whether online or at your local store. 
