Day: November 3, 2014
Harmoney to target small businesses
Peer-to-peer lending platform Harmoney will add a second string to its bow by facilitating loans to small businesses next year. The Auckland firm has processed $4.5 million of personal loans since its launch in July. The company is the first middleman licensed by the Financial Markets Authority to offer peer-to-peer (P2P) finance. People can apply to seek loans through its website which investors can then peruse and fund. Harmoney doesn’t itself instead lend money, insteadRead More
A Look at the Future of Small Business Financing
When is it going to get easier to get cash—and what do we do meanwhile? Those are the questions small-business owners have struggled with since the economy took a nose dive. Many banks reacted to the financial crisis by tightening their standards, driving entrepreneurs toward other sources of financing, such as alternative lenders and crowdfunding. Now, despite the slow but steady recovery, it’s still tough for many small firms to get a traditional loan. So,Read More
Running a small business like basketball
Q: Steve – Reading your column I get that you are a sports fan. I love to use sports analogies in my business and when I speak with my staff – I find that it is relatable. Glad to see you do the same. Do you have a favorite? — Bill A: Well, I did graduate from UCLA, but unfortunately attended after the glory days of Bruin basketball under legendary coach John Wooden. But evenRead More