How Credit-Challenged Businesses May Get Unsecured Credit Lines

ROK Financial and One Click Advisor

By James Chittenden If your business has credit challenges, you are far from alone. According to the Federal Reserve, half of all business owners don’t qualify for traditional business loans due to bad credit scores. Online lenders offer small business loans to borrowers with credit scores of 600 and lower.  What is ROK Financial? ROK Read More

How to Avoid These Common Business App Development Mistakes

Guest Post by Derek Goodman, Inbizability If you want your business to connect with customers directly no matter where they are, you can’t beat a mobile app. However, there are common app development mistakes businesses make that can stop apps from making an impact. Here’s a look at some of the most common app development mistakes you should Read More

Stories from the bank: “Comfortable waiting”

“Johnny” founded an LLC. The LLC was to be an a.m. radio show that covered topics of music, nightlife, and the social scene in New York City. He was also planning an informational website in conjunction with the show with an e-commerce function that would sell promotional merchandise such as t-shirts, hats, key chains and Read More

Alternative Finance Series. Peer to Peer Lending, Part 2

Through peer-to-peer lending, you may be able to obtain funding for your startup. Generally speaking, it is hard to obtain start up loans from banks. At Triumph Business Services, we highly recommend forming a corporation or LLC prior to starting a business or seeking financing for a business. Such a legal structure for a business Read More

Stories from the bank: “Recession? Participation is OPTIONAL”

“Ed” owns an outdoor clothing and equipment store. While he did well selling clothing and footwear for camping, hunting, skiing, and other outdoor recreation, he wanted to expand his store. He needed room for additional inventory that would now include kayaks and paddles, tents, skis, and other equipment. While profitable, those products are large and Read More

Stories from the bank: “Big loan, low rate, quick approval”

“Manny” called late one afternoon and needed a $1.5 million commercial real estate loan. Before discussing his bank relationship over the phone or initiating an application, I had to “authenticate” him. Authentication involves a series of questions about his bank relationship that only the proper owner could answer correctly. He answered them correctly and without Read More

“Save Your Business” Emergency Planning Series Part 2 -Terrorism

On a late Saturday afternoon in June, 2016, employees at Orlando’s Pulse nightclub were preparing to open for the night. A DJ set up the booth and checked sound, bartenders prepped the bar area, the club was cleaned and ready to open. Neither employees nor patrons had any idea what was about to happen later that night. At Read More