Blog

15 Sep Post-Hurricane Business Survival Loans

Greetings to you all! As our region was just pummeled by one of the strongest storms in Florida history, we – at Global Business Lending- have recovered and our South Florida office has been restored to full power. Ain’t no mountain high enough. Ain’t no valley low enough. Ain’t no river wide enough. Can keep us from funding your business.     But, seriously, as a Florida-based business, we too know the struggle of our business being out of commission for days – whether it be due to power loss (like ourselves), closed roads because of fallen trees, building or equipment damage, gas shortage or employees unable to...

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01 May 10 Biz Facts for Small Business Week

This week marks the start of the official Small Business Week courtesy of the U.S. Small Business Administration. Here are 10 facts you may or may not have known about small businesses in the United States. Small businesses account for about half of all private-sector jobs in the United States, employing almost 58 million Americans. Miami is the No. 2 city for minority entrepreneurs in the United States. We fund small businesses in United States and Canada anywhere from $2,000 to $ 3 million. This year, the Small Business Administration named Florida Business of the Year -- South Dade Air Conditioning and Refrigeration of Homestead, Florida....

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25 Apr VCs and Crowdfunding Run Out of Gas in 2017

Last August, we posted a blog entry about the 3 Top Alternative Lending Sources for Small Businesses in 2016. However, a great deal has happened in the alternative lending space within the year which has knocked two of our top sources from their ranks… In our blog post last year, we named venture capitalists and crowdfunding as two of the leading sources of alternative funding for small businesses. Just so you know. The rationale for using alternative funding sources such as these is that instead of applying for funding with banks – which have become far more discriminating since the recession...

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18 Apr Microlending: Is That Like a Merchant Cash Advance?

thumb8When you think microloan, you may think of funding a small shoe store in Kampala, Uganda or a grocery store in Phnom Penh, Cambodia? And, while that may be true, you may not realize that small businesses in the U.S. and Canada can qualify for something very similar. It’s called a merchant cash advance.
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04 Oct M&M Custom Cabinets Highlighted in Hispanic Heritage Month

As we round out Hispanic Heritage Month in America, we look to the growing number of Hispanic entrepreneurs in the country, which stands at 3.1 million today. One of our clients – M&M Custom Cabinets – is a part of that growing segment. Jose Mancillas, the founder of 4-year-old M&M based in Pasadena, Texas, has been working in carpentry for 18 years and always knew that he had a knack for it. “Whatever comes to my mind, I can draw it right off the bat. I can make a rough sketch and make a rendering of the exact cabinet to scale,” he...

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20 Sep Lifetime Jewelry Highlighted on National Business Women’s Day

Today, more than 9.4 million firms in the United States are owned by women, so it is most apropos that the U.S. marks Sept. 22, 2016 as American Business Women's Day. To join in the festivities, we pause to highlight one of our star clients – Lifetime Products Group, owned and operated by two vivacious women Karen Kueter and Liza Mossing. Lifetime is an online retailer of high-end crafted gold fashion jewelry, which they manufacture and package out of Silicon Valley, California. They use a special proprietary formula to overlay semi-precious metals, making each item look like real gold. “We plate it enough...

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22 Aug Top 3 Alternative Lending Sources for Small Businesses in 2016

Since 2008, banks have made it even more stringent for merchants to qualify for small business loans. As such, there are very few sources for small businesses to turn to for quick working capital without having to jump through major hoops to qualify. Quite frankly, banks perform rigorous financial review (profit & loss sheet, detailed business plan, 2 years of tax returns, business owner’s blood type, first-born child’s dental records and food allergies…okay maybe not the last three) that would turn off and/or disqualify businesses that are both viable and income-producing. But, guess what, it’s 2016, baby! Henry Fernandez doesn’t need to...

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