A Beginners Guide to Crypto Lending 2021

If you have an interest in cryptocurrency, you know that there are many ways to make your crypto investment work for you. There are traditional forms of making money by buying or selling currency, of course, but there are also some more advanced strategies that may be appropriate for your portfolio. One such example is crypto lending.

Cryptocurrency lending

What is crypto lending?

Though the process can be somewhat complicated, the definition is not. Crypto lending is literally loaning someone cryptocurrency. That individual will then make repayments on a pre-agreed schedule. They will also repay the original value of the loan with interest.…

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5 Bad Habits That Keep You From Getting the Funding You Need

bad habits that won't get your business funding

It’s common for small businesses to slip into bad habits that limit their ability to get funding.   From unscreened customers to generous payment terms, here are some of the most common reasons lenders will not loan to small business owners.

1. Not putting profits back into the business

When you hear these pleasant words from your accountant, “You should take a draw before the end of the year,” think again.   Building equity in your business has a positive impact on your ability to get funding.   A lender always looks at your debt-to-equity ratio.   The more equity you have, the better your ratio.  …

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The Impact Of Fraudulent Applications For SBA Loans

SBA loan fraudulent applicationsThe Small Business Administration (SBA) should be commended for their help in sustaining the small business sector with their microloans. However, a recent report by the Government Accountability Office (GAO) shows that the funds which should be distributed to businesses that need it, actually go to ineligible ones. The HUBZone certification which businesses need to qualify for a loan is a program which spans 13 years and is meant to help small business owners build companies in economically distressed areas. When investigators submitted applications which should be denied or disapproved because of obvious reasons; those applications got the federal contracts instead.…

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