Small business owners and entrepreneurs with great ideas consider crowdfunding a viable startup funding option. There are many crowdfunding sites, and all of them can increase exposure, build an audience, and leverage small contributions to fund a business. However, success rates are low and business owners should consider crowdfunding pros and cons before starting. Pros…
About the Author
Dennis Shirshikov
Dennis Shirshikov is a small business finance writer here at Fit Small Business. Before joining the team, he worked with firms like Cantor Fitzgerald and BGC Partners. He then earned his master’s with a focus in Financial Risk Modeling and spent much of his career working in the startup space as a consultant and as a founder. When not working with small businesses, Dennis also teaches Economics at Queens College.
Dennis’ expertise has been featured by publications like OppLoans, HuffPost, and the Wall Street Journal.
In his downtime, Dennis enjoys spending time with his family, reading, and exploring New York City.
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BlueVine Loans & Top Alternatives 2020
BlueVine is an online alternative lender that provides capital to small business owners. It offers a short-term loan, small business line of credit, and an invoice factoring facility. While the line of credit and invoice factoring facilities are great financing options, its short-term loan stands out for its same-day funding and low starting rates. BlueVine…
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Rapid Finance Business Loans & Top Alternatives 2020
Rapid Finance offers a small business loan and merchant cash advance to borrowers with poor credit. While it has many merchant cash advance solutions, its most popular product is the short-term loan, which offers up to $500,000 in funding to small business owners. Rapid Finance is part of Quicken Loans and offers loan brokering for…
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12 Best Small Business Lines of Credit 2020
Business owners use small business lines of credit (LOCs) for short-term working capital needs because they can borrow funds repeatedly. The best small business lines of credit are unsecured, meaning there is no collateral like inventory or real estate. Some of the best business LOC providers can fund up to $250,000 the same day. 12…
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6 Best Merchant Cash Advance Companies 2020
A merchant cash advance (MCA) provides a lump sum cash advance for a percentage of daily credit card receipts. An MCA provider buys future credit card sales from a business to make the advance. We ranked the top six MCA providers by comparing over 50 lenders across 15 features and speaking to 15 business owners….
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Kabbage vs OnDeck: Which Offers the Best Business Loans?
Deciding between Kabbage vs OnDeck depends on the needs of a business. OnDeck offers short-term loans up to $500,000 with a 10% starting APR and repayment terms up to three years, which are ideal for large projects. Kabbage’s lines of credit up to $250,000 with prepayment discounts are better for revolving credit needs. OnDeck Summary…
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25 Ways to Improve Cash Flow Management
Managing cash flow allows a business to have the right amount of cash at any given time. Too much cash is a lost opportunity, because the money isn’t being invested, but insufficient cash can cause major issues for a business. We consulted the top experts in cash flow management to get their tips for small…
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6 Best Invoice Factoring Companies 2020
With invoice factoring, a business can convert unpaid invoices into immediate cash through an advance of 80% to 90% of the total amount owed. We reviewed more than 25 invoice factoring companies based on 18 factors to select the six best invoice factoring providers. Each company selected earns stellar reviews from small business owners. Best…
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What Is a Merchant Cash Advance: The Small Business Owner’s Guide
A merchant cash advance (MCA) is a financing product wherein businesses receive funds upfront in exchange for a fixed percentage of their daily credit card receipts. MCA providers charge a cost of capital of 1.1x to 1.5x the amount advanced (35% to 150% APR), and lenders take payments directly from credit card sales. What Is…
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2020 Kabbage Reviews, Costs & Alternatives
Kabbage offers short-term loans to companies that have been in business for at least one year. Their rates range from 1.5% to 10%.
Types of Invoice Financing for Small Businesses
Invoice financing is the process business owners rely on to borrow against unpaid invoices and receivables. The industry offers small business owners multiple options that include factoring, discounting, selective financing, spot factoring, and invoice auctioning. These types of invoice financing for small businesses have varying costs, terms, and requirements. Invoice financing is part of a…
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SnapCap Business Loans & Top Alternatives 2020
SnapCap is a loan marketplace owned by LendingTree that matches borrowers with lenders. While SnapCap loans include short-term loans, merchant cash advances, and equipment financing, it charges a fee unlike LendingTree to match borrowers to lenders. We selected the top six direct lender alternatives based on costs, terms, and qualifications. SnapCap Business Loans vs Top…
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