Non-bank lenders are a type of non-bank financial institution. They provide loans to businesses but do not offer other traditional financial services like checking or savings accounts. These borrowing options are becoming increasingly popular, especially with small businesses. In 2021, 45% of small businesses sought loans or financing from non-bank … [Read more...] about Understanding the Rise of Non-Bank Lending in Business Financing
Archives for April 2024
Guide to Alternative Financing for Entrepreneurs
Entrepreneurs face challenges when obtaining financing for their businesses. Some 69% of small business owners cover startup costs with personal savings, while 60% rely on credit cards. Many startups have trouble getting financing from traditional lenders. Goldman Sachs found that 77% of small businesses are worried about access to capital. About … [Read more...] about Guide to Alternative Financing for Entrepreneurs
Strategies and Tools for Investing During Times of Inflation
Inflation occurs when goods and services become more expensive over a set period. In other words, your money doesn’t buy as much as it used to. Some inflation is normal. The average for the last century is between 2-3% per year. However, sometimes inflation is much higher. For example, in 2022, it was 8.3%. High inflation impacts investment … [Read more...] about Strategies and Tools for Investing During Times of Inflation
Retirement Planning: Incorporating Non-Traditional Assets
Retirement investment portfolios often contain traditional assets like stocks and bonds. However, stocks and bonds put you at the mercy of financial markets. If markets fall, your portfolio could lose value. It’s possible to balance this risk, but you can diversify even further by adding non-traditional assets to your portfolio. Non-traditional assets, or alternative … [Read more...] about Retirement Planning: Incorporating Non-Traditional Assets