How Lending Platforms are Enhancing The Business Finance Market

Bob TannenhauserSmall Business Lending

Regarding a recent article published in the NY Times ‘Can’t Get a Bank Loan? The Alternatives Are Expanding’ discussing the new opportunities for businesses with alternative lending, Author Amy Cortese outlines how new lending software and platforms have made obtaining financing much more efficient for borrowers. After 2008 many businesses have struggled to grow and enhance their business due to … Read More


Jessica SarterSmall Business Lending

BitCoin and Small Business Owners

Everyone is talking about Bitcoin—it certainly has generated lots of recent buzz, but is it right for you—the small business owner?   But first, exactly what is Bitcoin?    According to Wikipedia, Bitcoin is a peer-to-peer payment system and digital currency that provides for instant payments to the vendor; it is an alternative way to accept payments, much like credit cards and … Read More


Jessica SarterSmall Business Lending

Small business owners and entrepreneurs —listen up.  Now is the time to start or expand your small business in New York.  As of January 1, 2014, New York State has become much more tax friendly for entrepreneurs and small business owners.  Thanks to Governor Cuomo’s groundbreaking program, START-UP NEW YORK, tax-free zones have been established throughout the State for new … Read More

Wake Up Business Lenders—Internet Loans Are Here to Stay

Jessica SarterSmall Business Lending

Internet Loans

According to a research report done by Accenture Credit Services, “digital banking could help put roughly 35% of the mortgage share of traditional banks in North America up for grabs by 2020.” While much of the electronic mortgage business has historically been in the residential arena, internet sourced small business loans are increasing, and lenders need to adapt. Digitization, automation … Read More

Are Emails More Effective than Social Media for Small Businesses?

Jessica SarterSmall Business Lending

Email Vs Social

Citing a recent survey McKinsey Consumer Survey, a McKinsey Insights article reported that e-mail is nearly forty (40) times more effective than Facebook and Twitter combined when it comes to acquiring customers. One of the reasons given is that 91 percent of U.S. consumers use email on a daily basis.  The article cautions e-mail campaigns to focus not only on the … Read More

What Financial Ratios Are Important to Small Business Lenders, Business Owners and Business Borrowers?

Jessica SarterSmall Business Lending

Financial ratios are essentially metrics that a business can use to measure it performance and that lenders use to assess risk and monitor performance of their commercial loans. There are several categories of financial ratios that are used by lenders and also valuable for businesses to monitor. The major categories measure liquidity, profitability, and debt ratios. The liquidity ratios provide … Read More

The New SBA Administrator and the Importance of Community Banks to Small Business

Jessica SarterSmall Business Lending

Jacquelyn Martin/AP -  President Barack Obama announces he will nominate Maria Contreras-Sweet (left) as the head of the Small Business Administration.

The nomination of Maria Contreras-Sweet as SBA Administrator will hopefully help refocus the government on the importance of Community Banks to small business lending and job growth in the United States. The number of banks has been steadily declining according to the 2012 FDIC Community Banking Study. The community banks account for only 14% of the banking industry assets yet … Read More

Small Business Continues to Lead the Job Growth Charge but is constrained by Access to Capital

Jessica SarterSmall Business Lending

December saw an increase of 238,000 nonfarm private sector jobs according to the just released ADP National Employment Report. Small businesses accounted for 108,000 of these jobs, medium sized business accounted for another 59,000, while large businesses accounted for only 71,000 (or less than 30%). Paradoxically, in recent testimony before the House Committee on Small Business Jeff Stibel, CEO of … Read More

2014 – The Year of Small Business Credit Score

Jessica SarterSmall Business Lending


The FICO consumer credit score was first introduced in 1989 and is used today by 90% of all consumer lenders when determining loans and interest rates. And although the leading business credit score –FICO’s Small Business Scoring Service or SBSS Score – isn’t new, thanks to an SBA rule change, 2014 is posed to be the year of the small … Read More

Community Banks Are Vital to Small Business Lending

Jessica SarterSmall Business Lending

Community Bank

The FDIC’s Quarterly Banking Profile for the 3rd quarter 2013 and the attached update to the 2012 FDIC Community Banking Study reports several interesting trends. The number of FDIC insured banks fell to its lowest level in years (6,891), a decline of 59% between 1984 and 2011. The decline occurred resulting primarily from the disappearance of the smallest banks (assets … Read More