small business owners

NY Small Business Owners Protest $15 Minimum Wage

March 8, 2016
Article by:

Gov. Andrew Cuomo

In November last year, Cuomo announced that New York will raise the wages of permanent and seasonal workers to $15 by 2021

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American Express wants to lend more to small businesses

February 10, 2016
Article by:

amex card

AmEx hopes for the small-business loans to make up for the lost revenue from the Costco deal

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The Importance Of A Profitable Business Model And Creative Financing For Your Broker Office

August 10, 2015
Article by:

Entrepreneur

Continuing The Year Of The Broker Discussion, I wanted to touch on another aspect that isn’t discussed too often in our space (Independent Broker or Independent Agent space), and that’s the importance of creating a profitable business model and rounding up creative debt financing for our Office. I believe it was the Roman Playwright, Plautus, […]

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The Funding Calls That Won’t Stop

November 23, 2014
Article by:

call center

“Your business has been approved for a loan…” Last week, Chicago Public Radio (WBEZ 95.1 FM) investigated a trend in the small business community, the use of merchant cash advance financing. The station called me in advance to answer some questions about merchant cash advances and I gave my best explanation of the industry and […]

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Access to Capital – A Dose of Reality

June 15, 2014
Article by:

newjersey

So much for a lack of transparency… While sitting directly next to Maria Contreras-Sweet, the head of the Small Business Administration, OnDeck Capital’s CEO corrected U.S. Senator Cory Booker’s comments about the APR of their loans. High teens? Not so, said Noah Breslow who explained their average 6 month loan has an APR of 60% […]

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The Deal

May 25, 2014
Article by:

shark

When times are tough, small businesses take chances. Last year, a family run business in Cohasset, MA made a snap decision and agreed to a $75,000 loan with infinity percent interest, literally. The principal was completely repaid in just 74 days but as per the contract, they still had to make fixed interest payments for […]

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The Real Impact on Small Business

May 22, 2014
Article by:

the truth

It’s not easy being in the lending business. Just talking about money can make people uncomfortable. Bringing up how much money you have, don’t have, or wish you had is like bringing up politics at Thanksgiving dinner. It’s taboo in this society. It’s even rude to ask somebody how much they make a year. That’s […]

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Federal Reserve Examined Alternative Business Lending

March 20, 2014
Article by:

Federal Reserve

Back in January, 3 staff members of the Federal Reserve board investigated peer-to-peer (p2p) business lending, particularly by comparing it against p2p consumer lending. It offers this introductory background, “As distrust and dissatisfaction with commercial banks grew during the recent financial crisis,there was large growth in nonstandard types of borrowing arrangements.” That’s usually where we’d […]

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What’s the Reason Behind the Rise of Non-bank Financing?

March 6, 2014
Article by:

24971704_s

OnDeck Capital CEO Noah Breslow is no stranger to CNBC. Just as word hit the press that his company had raised another $77 million, he made a television appearance to discuss their success. So why are small businesses owners turning to alternatives? Many businesses that use alternatives such as OnDeck qualify for traditional bank financing […]

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Is Fine Dining Dying?

January 20, 2014
Article by:

fine dining

Some industry insiders are predicting that the age of fine dining and haute cuisine is on its way out the door. From my experience, I don’t think that’s an entirely inaccurate call. There are certain elements of true fine dining that are slowly fading away. Fine dining indicates a certain amount of pomp, not just […]

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