Tag Archives: business loans

30 Years Ago, Women Entrepreneurs Couldn’t Do This One Simple Thing | Small Business Trends

The other day, I read an article that blew me away. Writing in Forbes, entrepreneur Deborah Sweeney reminds us that until 1988, women entrepreneurs could not get business loans without a male relative as a cosigner. It didn’t matter if the male relative was even involved in the business, or if he was under 18; he was essential to experienced businesswomen getting the loans they needed to grow their companies.

“As a 43-year-old female CEO, it is difficult for me to get over that in my lifetime women business owners had to rely on men to obtain a business loan,” Sweeney writes.

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The Supreme Court could turn things around for Lending Club | Business Insider

download (2)It’s been a terrible summer for Lending Club and other startups that make loans to consumers and businesses online.

Shares of Lending Club are down about 30% since the beginning of June. That’s when the US Court of Appeals for the Second Circuit upheld a decision that could have the lenders lowering interest rates they charge a big chunk of customers.

Now, the US Supreme Court is its only hope. It could decide whether it’ll hear their case as early as October, according to a note this week from Morgan Stanley.

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How to Improve Your Business Credit Score | Businessnewsdaily.com

If you’re good about keeping your personal and business finances separate, you may think that the only credit score you have to worry about is your own. While maintaining good personal credit is certainly important if you’re applying for business loans, you may not realize that your company has its own credit score — and it’s just as essential to monitor.

“Businesses in the eyes of the law are treated like people,” said Jeff Stibel, CEO of Dun & Bradstreet Credibility Corporation, which provides credit-building and credibility solutions for businesses. “The smallest businesses tend not to incorporate or get a credit file, so they [think they don’t] have a credit score. Whether you’re proactively trying to get your score or not, it’s very likely that you still have one.”

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Banking on mom and dad? | USFST.com

With traditional credit channels squeezed so much that even the bank of mom and dad is tightening its belt, social lending services have moved beyond typical peer-to-peer to target the inter-family space, as Ian Clover discovered.

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