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Feds Streamline Lending Standards: A Good Idea Or Will History Repeat Itself?
In an effort to assist minority entrepreneurs to borrower funds for business ventures, the federal government recently announced it would be streamlining its lending standards in connection with Small Business Administration (“SBA”) Loans. In order to increase the percentage of loans made to African American business...
Considering funding your business by financing your home with a HELOC? You may want to reconsider.
As banks have tightened up lending standards making it more difficult for small to mid-sized businesses to acquire the necessary financing they need in order to sustain and/or grow their organizations, business owners have considered alternative financing options. One such alternative is the pledging of...
Small Businesses, beware the “Advance-Fee Loan Scheme”!
The “Advance-fee loan scheme”, as the scam is more commonly known, has been around for years. However scammers have recently intensified their efforts in part due to the current financial crisis in addition to tighter underwriting requirements in regards to small business loan financing created...
Let the Borrower Beware
Capstone Business Funding, LLC prides itself on providing funding for its clients that run viable businesses but are in need of working capital and will grow as a result of funding. Unfortunately, there are new lenders who pop up every day to take advantage of...
Celebrating the 100th Anniversary of the Bronx
Claritza Wilshire, Business Development Officer at Capstone Business Funding, LLC attended the Sixteenth Annual Bronx Banker’s Breakfast. The meeting was hosted by the Business Initiative Corporation of New York (BICNY) and BronxBorough President Ruben Diaz, Jr. The meeting focused on revitalization of the Bronx’s economic activity...
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