The percentage of total bank business loans that go to small businesses has steadily declined, from over 50% in 1995 to under 30% in 2012. As banks loan less to small businesses, others are filling the gap.
The percentage of total bank
business loans that go to small
businesses has steadily declined,
from over 50% in 1995 to under
30% in 2012. Source.
Credit Score Monitors
A good personal and business credit score is key to
How good is a 700
personal credit score?
The majority of the adult US
population has a credit score above
700, but only 18% have credit scores
What Is A Perfect Credit Score In 2013?
Family & Friend Loans
These firms provide legal documents and help keep track of
payments minimizing family friction.
How Big Is The
Bank Of Mom & Dad?
Friends and family members
provide financing for about 36%
of new companies. Typically, family
and friends provide about
$23,000 in funds.
Where Startup Funding Really Comes From
For Business Purposes
These P2P companies enable you to borrow based on your
personal credit score.
Are there better
alternatives to using
credit cards for
When comparing rates on P2P
loans to credit cards for similar
credit score borrowers, 3 year
P2P loans offered 2% lower
Can A P2P Loan Provide Funding For Your Business?
For Online Merchants
These firms give credit primarily based on your
history selling via online sites, like EBay and Etsy.
How big is eBay?
In 2013, eBay marketplaces
had $30.4 billion in gross
revenues in the United
eBay Inc. Reports Fourth Quarter and Full Year 2013 Results
Get cash right away based on outstanding invoices or
receivables, primarily for B2B companies.
How long does it take
the average invoice
to get paid?
In 2012, private companies received
payment 29.2 days after issuing an
Small Firms' Big Customers Are Slow to Pay
Short-Term Working Capital Financing
Short-term loans for typically less than two years for
How much alternative
business lending is
OnDeck, a pioneer in short-term
business loans, crossed
the $1 billion mark in March
OnDeck Crosses the $1 Billion Mark
Medium Term Loans For Small Business
Loans from 2 to 5 years with a fixed interest rate.
SBA Guaranteed Loans
These government guaranteed loans offer
super-low interest rates
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