Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets the company’s enterprise customers create customized risk management rules and outcomes, letting them make informed lending decisions tailored to specific criteria for small- to medium-sized businesses (SMBs). “The cloud-based rules
BUSHWICK, Brooklyn (WABC) — New York City is launching a new loan program designed to help small businesses develop and expand, and one of the first recipients is a chef in Manhattan who is using the loan to bring his popular creation to a new borough. The inventor of the popular kimchi burger is expanding
Key takeaways No collateral business loans are a higher risk to the lender, leading to higher interest rates than other loans When applying for an unsecured business loan, check that your business fits the lender’s minimum requirements to apply. Business loans without collateral often require that you sign a personal guarantee, which states that you
Key takeaways Some business loans are easier to apply and get approved for than others, and we rounded up seven of those options here Online lenders generally trump big banks when it comes to easy approval business loans These easy business loans aren’t business owners’ only financing option — and they might cost more The