Making sure your small business is ready for opportunities that come up is essential. Preparing your financial statements and business plan today can set your business up for success in the long-term. Lendistry’s CEO, Everett K. Sands, shares a hard truth with...
Predatory lenders target individuals and businesses with poor credit who may be desperate enough to accept a loan that only digs their financial holes deeper. People who come on hard times and need help fast may take on small loans with interest rates in...
Preferred Lender Status is a badge of trust from the Small Business Administration (SBA). There are many ways that lending companies can set themselves apart and improve their quality of service for borrowers. Earning Preferred Lender status is one of the most...
Applying for a loan or grant is an exciting step in taking your business to the next level and shaping possibilities for growth. But it can also be overwhelming to figure out what you need to know to start the process. Through the jargon and legalese, it’s difficult...
The Community Reinvestment Act (CRA) helps bring responsible loans to low-income communities that need capital to grow. Changes have been proposed to make the law even more impactful. History of the Community Reinvestment Act (CRA) CRA encourages FDIC-insured...
Here’s the secret to navigating the finance industry as a small business owner: lenders and banks don’t tell you what they don’t do. This is true of all businesses and service providers, and it’s no different in the finance world. Anything else is just bad marketing....
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