Getting funding can be harder for freelancers, but there are options. Amad Ebrahimi Published 9:00 am, Tuesday, May 22, 2018 Photo: Mapodile | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Mapodile | Getty Images The Best Business Loans and Financing Options for Freelancers 1 / 1 Back to Gallery The gig economy is booming, with up to a third of the U.S. workforce now working as freelancers. While there are many perks to freelancing, most freelancers are attracted to the fact that they can choose both when they work and what jobs they work on. However, the freelancer who seeks opportunities to grow will face many issues, not least of which is the challenge of securing a loan from a bank or other traditional lender. Related: Got Bad Credit? Don't Apply for a Loan Before You Ask a Few Hard Questions. … [Read more...] about The Best Business Loans and Financing Options for Freelancers
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The Hayne royal commission has now turned its attention to lending to small business over the next two weeks of hearings. After a blind women guaranteed her daughter’s business loan, which defaulted, Westpac launched legal proceedings to sell her home. Legal Aid NSW intervened and eventually the bank settled allowing her to stay in the house until her death. The bank says in “technically” followed the correct process but concedes it should have acted earlier to find a resolution under hardship provisions. Carolyn Flanagan, 67, is legally blind from glaucoma, had a stroke and suffered from cancer, which makes it difficult to speak. She calls people “love”, including barrister Michael Hodge when she appeared via videolink from Sydney at the Hayne Royal Commission into misconduct in the financial services industry, as attention turns to loans to small and medium enterprises. Flanagan lives on a disability pension, has depression and her memory is … [Read more...] about Westpac let a blind pensioner guarantee her daughter’s business loan, then wanted to sell her house
Smaller business loans are great stepping stones toward bigger, less-expensive financing in the future. Jared Hecht Published 8:00 am, Sunday, May 6, 2018 Photo: Rob Daly | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Rob Daly | Getty Images Work it Step-by-Step to Get a Better Business Loan 1 / 1 Back to Gallery If you’re a new business owner looking to take out a loan, you might be disappointed by the offers on the table -- especially if your credit is less than spotless. However, sometimes taking on a more expensive loan than you’d hoped for is a necessary evil to grow (or launch) your business. The smaller loans you qualify for now can lead to larger, less expensive loans in the future. Related: 5 Tips to Improve Your Odds of Getting a Small-Business Loan How can you graduate … [Read more...] about Work it Step-by-Step to Get a Better Business Loan
FIRST QUARTER 20181-- GAAP diluted EPS was $0.39, up 85.7% QoQ and down 7.1% YoY -- Core diluted EPS was $0.37, up 12.1% QoQ and down 7.5% YoY -- Net interest income was $42.6 million, down 1.0% QoQ and 1.8% YoY -- Net interest margin was 2.79%, down 11bps QoQ and 16bps YoY -- Excluding prepayment penalty income from loans and securities, recovered interest from delinquent loans and accelerated accretion of discount upon the call of CLO securities, the net interest margin was 2.72%, down 5bps QoQ and 13bps YoY -- Net recoveries were $38,000 for 1Q18, compared to net charge-offs of $11.5 million in 4Q17 and $18,000 in 1Q17 -- GAAP and core ROAE were 8.6% and 8.1%, compared with 4.4% and 7.2%, respectively in 4Q17 -- GAAP and core ROAA were both 0.7%, compared with 0.4% and 0.6%, respectively in 4Q17 -- Increased quarterly dividend by 11% to $0.20 per shareUNIONDALE, N.Y., April 24, 2018 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq:FFIC), the … [Read more...] about Flushing Financial Corporation Reports Record Commercial Business Loan Originations; 10.5% Annualized Net Loan Growth
If your credit score isn't stellar, steer clear of banks. Online lenders may help, but be prepared to pay a sky-high APR. Brian Hughes Published 1:30 pm, Monday, April 9, 2018 Photo: Designer491 | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Designer491 | Getty Images What Does It Really Take to Get a Small-Business Loan? 1 / 1 Back to Gallery Growing your small business without outside funding can make you feel as though you're forever trapped in a catch-22. Related: The Next 5 Steps to Take After You've Been Denied a Small Business Loan You need to hire new employees, invest in new equipment and/or open a new storefront to increase sales and ultimately increase your company’s profit. But you don’t yet have enough profit needed to amass the capital you need to finance an … [Read more...] about What Does It Really Take to Get a Small-Business Loan?