Small Business

WeWork, The Home Office of Small Business Finance Startups

March 20, 2019
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Kunal Bhasin, owner of brokerage 1 West Finance, funded three A paper deals for companies that all happened to work out of the same Manhattan office building on the corner of 42nd Street and Third Avenue. It’s actually not as big a coincidence as it sounds because it’s the same building where 1 West Finance […]

How to Turn Your Client List Into a Business Referral Network

March 19, 2019
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Left: Chad Otar, Excel Capital. Right: Lori Miller, LGC Interior Design Excel Capital CEO Chad Otar was so impressed by a marketing company he helped obtain funding for that he turned around and emailed his other clients about the potential benefits of their service. As a result Otar said that about five of his clients […]

Can a Merchant’s FICO Score Increase By the End of the Day?

March 16, 2019
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credit scoring

Earlier this week, Alan Hayon had a challenge – to get a merchant above a 500 FICO score in order to make them eligible for small business funding. Within 30 minutes, Hayon increased the merchant’s personal FICO score by 59 points, getting them above 500. And the deal funded the following day. Hayon is the […]

Common Mistakes Commercial Tenants Make

March 8, 2019
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Space interior

deBanked recently heard a live presentation given by Dale Willerton, “The Lease Coach.” Willerton is an expert in helping commercial retail tenants to find and negationate spaces. But much of his advice applies to commercial office tenants as well. Below are some common mistakes he urges tenants to avoid: Not Looking at Multiple Spaces Simultaneously […]

How to Respond to Negative Press

January 3, 2019
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bad press

Wondering what to do about negative press? deBanked spoke to some Public Relations professionals about helpful techniques to manage the situation. “When it comes to a negative story, we advise our clients to bridge back to something they are comfortable talking about,” said Bill McCue, Executive Consultant at Indicate Media. Bill McCue, Indicate media McCue […]

THE ABCs OF SBDCs

December 16, 2018
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This story appeared in deBanked’s Nov/Dec 2018 magazine issue. To receive copies in print, SUBSCRIBE FREE An often-overlooked national network of nearly a thousand Small Business Development Centers has the potential to help alternative funders cement relationships with existing clients and locate new ones. The centers, known as SBDCs, offer free or low-cost training and […]

Small Business Optimism Is Up for 2019

December 7, 2018
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Main Street Small Businesses

American small businesses plan to finish 2018 with a bang, according to the fall 2018 Bank of America Business Advantage Small Business Owner Report. And they’re optimistic about the year ahead. In the report, based on a semiannual survey of 1,000 small business owners across the country, 80% of entrepreneurs say they are confident that […]

Small Business Forums

November 30, 2018
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Main Street Small Businesses

If you’re a business owner with small business questions, we recommend the following helpful sources: A SCORE Workshop Small Business Forum This online community is geared towards storefront businesses, is free to join, and is not filled with ads. Business Advice Forum This online community is geared towards online businesses, is free to join, and […]

Survey Reveals U.S. Small Business Owner Outlook

August 16, 2018
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Main Street Small Businesses

Confidence among small business owners in the U.S. is up, according to a quarterly online survey produced by CNBC and SurveyMonkey. Of more than 2,000 small business owners polled from July 27 to August 5 this year, 58 percent of respondents say business conditions are “good,” up from 53 percent last quarter and up from […]

Study Reveals Positivity and Concerns of Small Business Owners

June 5, 2018
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Main Street Sign

According to a survey conducted by SmartBiz Loans and released today, almost 57 percent of small business owners said their outlook on business growth over the next 12 months was “fairly positive” or “positive.” And 35 percent of respondents reported that the new tax plan has already caused them to make changes in their business, […]