Sunovis Financial, a leader in the small business private lending sector, has published on its website — Sunovis Financial a special 3-Part tutorial designed to give business owners and entrepreneurs more borrowing skill and know-how.
The materials are presented in the form of questions most small business owners answer, along with clear, insightful answers in step-by-step format. Together the three parts of the series provide an essential toolkit for improved financial literacy related to small business loans, and the entire series is being offering free of charge to anyone who wants to take advantage of it.
Meghan Robinson, CEO of Sunovis Financial explained that today’s business owners need to know the ropes of the lending business, including alternative funding sources. “Historically, American businesses have relied on conventional banks for their loans,” Robinson says. “But in the wake of the credit crisis of 2008, many of those sources of funding are harder to qualify for and business loan applications are being rejected in record numbers. Even business owners with poor credit histories can qualify for loans, though, as long as they understand the process and know where to go for help and what mistakes to avoid.”
Private lenders, for instance, often recognize that small business borrowers may have experienced extenuating circumstances due to the historically severe recession. The problem is that deciphering what kinds of loans are out there and how to apply for them can be complicated. So Sunovis decided to offer its 3-part tutorial to help business owners gain a better understanding of how to successfully navigate the maze of commercial credit and small business lending.
Part one of the series explains so-called “bad credit” business loans, which are unique loan products available to businesses despite damaged credit.
The second part of the series describes ways to shop around for bad credit loans from legitimate, reliable lenders – while comparing fees, rates, and terms to ensure the best possible deal and the most appropriate type of loan.
Finally, in section three of the series, business owners learn ways to use the money they borrow to strengthen their credit, raise their credit scores, and makes themselves eligible for bigger lines of credit and preferential rates. That final section also explains how to avoid pitfalls, including predatory lenders and the tendency to borrow unmanageable amounts of money.
“We believe that an educated consumer is a better customer, and the 3-part series was created with that in mind,” says Robinson. “I hope that business owners find it useful, and I also encourage borrowers to take advantage of other free resources like those offered by the U.S. Small Business Administration.”
About Sunovis Financial
Sunovis Financial is a leading online lender specializing in helping small businesses that have healthy cash flows. Sunovis Financial currently serves over 700 industry types and offers a broad range of small business loans and other alternative financing products, such as equipment leasing and accounts receivable factoring.
Name: Meghan Robinson
Email: Send Email
Organization: Sunovis Financial
Address: 7500 College Blvd, Suite 500, Overland Park, KS 66210
Release ID: 59190