Welcome!

News Feed Item

Loans.net Releases Findings for Small Business Owners

In a newly-released report, Loans.net offers innovative strategies to help small business owners benefit from funding sources.

 

 

 

 

NEW YORK, Feb. 11, 2014 /PRNewswire-iReach/ -- The New York Times Blog puts alternate lenders as a prized solution for small business loans. According to the post, businesses are being funded by sources other than banks and traditional lending institutions.

Nearly fifty percent (50%) of business loans are made on alternate channels, such as lender networks offered by http://www.loans.net, where small business owners simply need to enter basic data into a survey. The results are forwarded to several lenders who offer low cost small business loans directly to the borrowing business entity.

Secondary research initiated by Loans.net found that small business lending is on the rise and in fact rose to over $500 billion in 2012. Despite the surge in activities every day small business owners are facing rejection primarily due to credit issues and past delinquency problems. It appears that no matter how much is done, past credit woes do not loosen the grip on borrowers who continue facing eternal condemnation at the hands of lenders.

The study's findings provide solutions to such problems and predict 2014 to be a year of "opportunity and growth". The suggestions provided by Loans.net, include but are not limited to the following:

  • Forge a strategic alliance with lenders. "Get to know your lender," says Yonni Rossa, founder of Loans.net. Developing a one-on-one relationship with lenders is critical during the loan approval process and can often help both parties visualize possibilities beyond credit score dynamics.
  • Demonstrate a willingness to work closely with the lender. When borrowers work with lenders to mitigate issues and provide documentation quickly, the approval process becomes seamless.
  • Provide relevant documents. Small business principals often ignore the documentation requirement and fail to submit all the relevant pieces on time. Overburdened lenders simply do not have the time to run after businesses. It is in the business' best interest to submit all relevant documents on schedule and as per the lender's internal requirements.
  • Spruce up the business plan. A business plan not helps an entrepreneur as a roadmap, it is also a potential documentation and review source for lenders. It provides a glimpse into the borrowing entity's future and thus eliminate or hedge against risk scenarios.

A detailed report and associated recommendations can be found at http://www.loans.net/blog/alternate-lenders-lead-when-it-comes-to-small-business-loans

"Our mission is to help our site's users find, compare, and apply for interest friendly business loans. We consider our service to be an alternative to lenders and traditional banks and institutions," adds Rossa, who established Loans.net nearly fifteen years ago.

Loans.net is a contemporary site providing a suite of tools, information, resources, and also a loan comparison engine that helps borrowers compare and shop for low interest small business loans. The site's loans comparison engine is considered to be a cutting-edge advancement in the industry, one that has been replicated by newer enterprises.

Media Contact: Yonni Rossa, Loans Network Ltd, (646) 257-4131, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Loans Network Ltd

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ar...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...