Click here to close now.

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
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Enterprises are turning to the hybrid cloud to drive greater scalability and cost-effectiveness. But enterprises should beware as the definition of “policy” varies wildly. Some say it’s the ability to control the resources apps’ use or where the apps run. Others view policy as governing the permissions and delivering security. Policy is all of that and more. In his session at 16th Cloud Expo, Derek Collison, founder and CEO of Apcera, explained what policy is, he showed how policy should be arch...
"CenturyLink brings a full suite of services to the table and that enables us to be an IT service provider," explained Jeff Katzen, Director of the Cloud Practice at CenturyLink, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
17th Cloud Expo, taking place Nov 3-5, 2015, 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. Meanwhile, 94% of enterprises ar...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
"In the IoT space we are helping customers, mostly enterprises and industry verticals where time-to-value is critical, and we help them with the ability to do faster insights and actions using our platform so they can transform their business operations," explained Venkat Eswara, VP of Marketing at Vitria, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
In the midst of the widespread popularity and adoption of cloud computing, it seems like everything is being offered “as a Service” these days: Infrastructure? Check. Platform? You bet. Software? Absolutely. Toaster? It’s only a matter of time. With service providers positioning vastly differing offerings under a generic “cloud” umbrella, it’s all too easy to get confused about what’s actually being offered. In his session at 16th Cloud Expo, Kevin Hazard, Director of Digital Content for SoftL...
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, broke down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them to d...
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.